Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

7 August

Market News Summary

The stock markets have experienced a notable 20% rise in value since the beginning of this year. However, experts suggest that this increase may be attributed to a broader global uptrend cycle. According to some analysts, this upward trend could potentially push the S&P500 index to reach levels of 14,000 by the year 2034.

The largest American bank, JPMorgan, has abandoned its predictions of a U.S. economic recession, joining Wall Street analysts who believe that a recession is no longer inevitable. The bank expects the U.S. economy to grow by around 2.5% in the third quarter.

Dollar Index (USDX)

Dollar Index Graph candle for 7 August 2023

After last week’s job data release, the dollar declined by 0.5% against its competitors. Yields on the benchmark 10-year U.S. Treasury notes also retreated from their nine-month highs.

Currently, the dollar is trading near its pivotal point at 101.80 dollars.

Pivot point: 101.90

Resistance levelSupport level
102.30101.45
102.80101.00
103.20100.55

Spot Gold (XAUUSD)

Spot Gold Graph Candle for 7 August 2023

Gold prices saw an increase on Friday following the release of a slightly weaker-than-expected U.S. job report, which resulted in a decline in the dollar and Treasury bond yields. This provided an opportunity for the precious metal to recover, as it had been on track for its worst week in six weeks. In spot trading, gold rose by 0.4% to reach $1940.86 per ounce, while U.S. gold futures closed higher by 0.4% at $1976.10.

Pivot point: 1937

Resistance levelSupport level
19511928
19601914
19741905

Dow Jones Index (DJ30ft – US30)

Dow Jones Graph candle for 7 August 2023

U.S. stock indices closed lower on Friday, influenced by the disappointing monthly job report and ongoing market repercussions from a surprise decision by the rating agency Fitch.

The Dow Jones index declined by 0.43%, equivalent to about 150 points, settling at 35,065 points. The Nasdaq also saw a decrease of 0.36%, or 50 points, ending at 13,909 points. Similarly, the S&P 500 experienced a drop of 0.53%, or 24 points, closing at 4,478 points by the end of Friday’s session.

Pivot point: 35285

Resistance levelSupport level
3545534970
3576534805
3593534490

US Crude (USOUSD)

US Crude Graph Candle for 7 August 2023

Oil prices continued their upward trajectory, gaining over a dollar per barrel at Friday’s close and marking the sixth consecutive week of increases. The surge was prompted by Saudi Arabia and Russia’s decision to cut supplies until the end of the next month, intensifying concerns about potential supply shortages.

Brent crude futures saw a notable increase of $1.10, equivalent to 1.3%, settling at $86.24 per barrel. Simultaneously, West Texas Intermediate (WTI) crude climbed by $1.27, or 1.6%, closing at $82.82 per barrel.

Pivot point: 82.45

Resistance levelSupport level
83.4081.65
84.1580.70
85.1079.95

Risk Statement:


All investments entail risks and can result in both profits and losses. Leveraged products, in particular, may not be appropriate for all investors as the effect of leverage is that both gains and losses are magnified. Before deciding to invest in any financial product, you should carefully consider your investment objectives, financial knowledge and experience and affordability as the prices of leveraged products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments.

STARTRADER

Online Trading App

App Score
Install