Energies
Monthly Archives: June 2023
STARTRADER Monday’s Market Update 26-06-2023
Written on June 26, 2023 at 8:38 am, by Designer
The Bitcoin cryptocurrency recorded significant gains last week, rising by approximately 17% in its best weekly performance since March 17th. Meanwhile, gold prices experienced their largest weekly decline in over four months. Market participants are eagerly awaiting the upcoming remarks by Jerome Powell, the Chairman of the Federal Reserve, next Wednesday, to understand whether hisContinue Reading
Gold Begins Its Downward Trend
Written on June 26, 2023 at 7:19 am, by Designer
market news summary The Bitcoin cryptocurrency recorded significant gains last week, rising by approximately 17% in its best weekly performance since March 17th. During their meeting on Friday, Amazon CEO Andy Jassy informed Indian Prime Minister Narendra Modi that the company plans to invest an additional $15 billion in India. European stocks declined on Friday,Continue Reading
The Shares of Amazon and Apple Have Reached New Record Levels
Written on June 23, 2023 at 6:21 am, by Designer
market news summary There has been no significant change in the number of Americans filing new claims for unemployment benefits last week, as it remained at its highest level in 20 months for the third consecutive week. This may indicate weakness in the labor market amid the Federal Reserve’s strong campaign to tighten credit. ItContinue Reading
Bitcoin Jumps Over 10% to $30,000
Written on June 22, 2023 at 5:15 am, by Designer
market news summary The price of the cryptocurrency Bitcoin reached its highest level in over a month during trading on Wednesday, June 21. Traders were optimistic about the possibility of Bitcoin exchange-traded funds (ETFs) being made available, following recent applications by companies including BlackRock. Bitcoin’s price jumped by 10% to $29,405.22, its highest level sinceContinue Reading
Bitcoin Jumps Above $28,000
Written on June 21, 2023 at 12:48 pm, by Designer
market news summary Bitcoin, the largest cryptocurrency by market capitalization, surged during yesterday’s trading session on Tuesday, June 20th, to its highest level this month, surpassing the $28,000 mark. The gains came after BlackRock, the world’s largest asset management company, filed for a spot bitcoin exchange-traded fund (ETF), which would be the first of itsContinue Reading
STARTRADER Market Recap | 21-June-2023
Written on June 21, 2023 at 12:07 pm, by Designer
The largest cryptocurrency in terms of market value, Bitcoin, has reaped gains after BlackRock, the world’s largest asset management company, filed a request to launch a spot Bitcoin exchange-traded fund (ETF), which would be the first of its kind in the United States. Data released yesterday revealed a 21.7% increase in the pace of housingContinue Reading
Stock Market Retreats Amidst Economic Uncertainty and Central Bank Meetings
Written on June 20, 2023 at 7:35 am, by Designer
market news summary IMF Managing Director Kristalina Georgieva announced yesterday, Monday, June 19, that the IMF is working on creating a platform for central bank digital currencies to facilitate transactions between countries. Georgieva believes that central bank digital currencies could also help enhance financial inclusion and reduce the cost of remittances, noting that the costContinue Reading
STARTRADER Monday’s Market Update 19-06-2023
Written on June 19, 2023 at 12:50 pm, by Designer
The Standard & Poor’s 500 index closed lower on Friday, with Microsoft stock declining, as statements from two Federal Reserve officials dampened optimism about the central bank’s nearing the end of its aggressive campaign to raise interest rates. After the Federal Reserve indicated last Wednesday that interest rates may still need to rise by upContinue Reading
