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…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
Dear Valued Clients, The global gold market has experienced significant volatility recently, with market liquidity…
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session times…
Dear Valued Clients, Please be advised that the margin call and stop-out levels will be adjusted…
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