STARTRADER Market Recap | 16-Aug-2023
Credit card balances in the United States jumped in the second quarter, surpassing a trillion dollars for the first time. The total credit card debt increased by $45 billion from April to June, marking a growth of over 4% compared to the previous quarter.
Markets are eagerly anticipating the upcoming release of the U.S. Consumer Price Index data, which is scheduled for tomorrow. Inflation is predicted to have accelerated slightly in the United States for July, reaching an annual rate of 3.3%. Additionally, the core rate is expected to remain unchanged at 4.8%.
Worries reappeared in the financial sector due to Moody’s credit rating agency downgrading multiple American banks. The agency reduced the credit rating for 10 smaller to medium-sized banks by a notch and is currently reviewing 6 banks for potential downgrades.
Gold prices continue to break new highs as fear in the markets grow and demand…
U.S. Stocks recover in early trading following yesterday’s sharp declines Stock futures rose in early…
Gold has soared to a fresh high over the impact of the trade war between…
EUR/USD is climbing again after bouncing off 1.1270 over the 30-SMA, confirming it as support.…
China warns of retaliation against countries cooperating with U.S. trade measures that affect Chinese interests,…
Gold is less than $15 from the $3,400 level Gold continues to break new levels…
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