Energies
Monthly Archives: June 2023
The Bank of Canada Raised Interest Rates to the Highest Level in 22 Years
Written on June 8, 2023 at 12:12 pm, by Designer
Market News Summary On Wednesday, the Energy Information Administration reported that U.S. crude oil inventories unexpectedly declined last week, with refinery output exceeding the 2019 peak during the Memorial Day weekend. The crude oil refinery utilization rate increased by 482,000 barrels per day, while refinery runs rose by 2.7% over the week to the highestContinue Reading
STARTRADER Market Recap | 07-June-2023
Written on June 8, 2023 at 8:32 am, by Designer
The US Securities and Exchange Commission (SEC) has filed an emergency motion in the Federal Court in Washington, D.C., to freeze the assets of Binance US and recover the assets (fiat and cryptocurrencies) held by customers on the Binance US trading platform. The freezing request applies to the two holding companies affiliated with Binance inContinue Reading
Bitcoin Fluctuates as Binance SEC lawsuit Rattles Investors
Written on June 7, 2023 at 7:17 am, by Designer
market news summary European stock indices rose at the end of yesterday’s session on June 6, amid investors’ lack of sufficient information about the future monetary policy path of central banks. At the end of the session, the STOXX600 index rose by about 0.38% to 461 points, the German DAX increased by 0.18% to 15,992Continue Reading
What Is a Trading Affiliate Program? What Are Its Benefits?
Written on June 7, 2023 at 6:17 am, by Designer
What is a trading affiliate program? A trading affiliate program can be the best option for those looking to expand their reach and gain more clients. Essentially, an affiliate program is a form of partnership between an affiliate marketer and a broker. The affiliate marketer takes responsibility for promoting the broker’s services to their audience,Continue Reading
Tensions in Energy Markets
Written on June 6, 2023 at 9:39 am, by Designer
market news summary European stock indices ended the trading session on June 5 with losses as energy and oil companies pared their gains. At the close of the session, the STOXX600 index declined by approximately 0.48% to 459 points. The German DAX index also dropped by 0.54%, reaching 15,963 points, while the UK’s FTSE indexContinue Reading
STARTRADER Monday’s Market Update 05-06-2023
Written on June 5, 2023 at 1:38 pm, by Designer
Oil prices witnessed a noticeable increase of over 2% at the beginning of the week after the Kingdom of Saudi Arabia announced an additional voluntary production cut. In the OPEC+ meeting held on June 4th, an agreement was reached to set a new production target starting from 2024, with production being reduced to 40.46 millionContinue Reading
The US Indices Are Rising Strongly
Written on June 5, 2023 at 8:25 am, by Designer
market news summary US President Joe Biden signed on Saturday, June 3, a bill to raise the government’s debt ceiling, which stands at $31.4 trillion, thus putting an end to America’s debt default crisis. The members of the US Senate voted on Thursday to raise the debt ceiling with a majority of 63 votes inContinue Reading
Gold Bounces Back Above $1,980
Written on June 2, 2023 at 7:09 am, by Designer
market news summary In May, inflation in the Eurozone slowed down to 6.1% in the preliminary reading, compared to 7% recorded in April, marking the lowest level since February 2022. Economists surveyed by Reuters had expected a May reading of 6.3%. Core inflation, excluding energy and food, also decreased more than expected to 5.3% fromContinue Reading
