Market Recap | 14-June-2023
According to a report from the US Department of Labor, the data showed that the Consumer Price Index (CPI) rose by 0.1% on a monthly basis in May, following a 0.4% increase in April. Additionally, the inflation rate increased by 4% on an annual basis, which is lower than expected.
Based on this data, investors have priced in a 93% probability that the Federal Reserve will maintain interest rates within the range of 5% to 5.25%, as investors await the FOMC Statement and the FOMC Press Conference. The S&P 500 index rose by approximately 0.7% ahead of the Federal Reserve’s decision, marking its highest closing in about 14 months.
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://youtu.be/xuDjbV9SfRg Asian markets opened on a positive note on Thursday morning, with the Nikkei 225…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
https://www.youtube.com/watch?v=7HhdRjcGrIo USD/CAD continues to decline for the third consecutive session, trading near 1.4360 as rising…
MetaTrader 4, commonly abbreviated as MT4, is one of the most popular and widely used…
https://youtu.be/nC7s5cO7Xl8 Gold prices (XAU/USD) have recovered modestly from a one-month low near $2,583-$2,584 touched during…
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