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.

9 March

market news summary

US Federal Council Chairman Jerome Powell said that officials have not yet decided on the amount of interest rate hike they will take at their next monetary policy meeting.

“We haven’t made any decision about the March meeting, and we won’t until we see the additional data” that will be released between now and the March 21-22 Federal Open Market Committee meeting, he told a House committee as part of testimony on economics and monetary policy.

“We are not on a predetermined path,” Powell continued, and the upcoming data will help determine whether a 25-basis point or 50-basis-point increase is needed at the next meeting of officials.

Dollar index (USDX)

US Dollar Index chart on 9 March 2023

On Thursday, March 9, the dollar fell after hitting a 3-month high earlier in the day, as investors adjusted their positions on the possibility of a higher interest rate hike for a longer period after Federal Reserve Chairman Jerome Powell surprised the markets with a more hawkish approach to monetary policy.

Powell said that the US Fed would likely need to increase interest rates by a larger amount than expected after the release of strong data recently. Moreover, he stated that the bank is ready to move with greater steps if the “total” of the incoming data indicate the need for more stringent measures to control inflation, which prompted dealers and investors to reconsider their expectations about interest rates.

The dollar index declined in the latest trading by 0.09%, recording 105.54 after reaching 105.88 earlier in the day, the highest level since the first of December.

Pivot Point: 105.60

Resistance levelSupport level

British Pound (GBPUSD)

British Pound chart on 9 March 2023

Consumer spending in Britain has fallen as rising costs of living, rising energy bills and the rising cost of living for households have forced shoppers to cut back on their spending, according to the British Retail Consortium.

Retail sales recorded a growth of 5.2 percent last February, compared to 4.2 percent in January, but it remains lower than what was achieved in February 2022, when it increased by 6.7 percent.

The British Retail Consortium called on the government to take urgent steps in the upcoming budget next week to help merchants overcome the economic storm to limit passing large price increases to consumers.

Pivot Point: 1.1835

Resistance levelSupport level

Spot Gold (XAUUSD)

Spot Gold chart on 9 March 2023

Gold prices slightly fell when settling the trading session of Wednesday, March 8th, after the yellow metal incurred the second largest daily loss in 2023 on Tuesday.

Upon settlement, gold futures fell by 0.1%, or $1.4, to $1,818.6 an ounce, after losing $34.6 on Tuesday.

Pivot Point: 1,815

Resistance levelSupport level

Dow Jones Index (DJ30ft – US30)

DOW JONES Index chart on 9 March 2023

US indices closed with limited gains in Wednesday’s session amid the conflicting economic data of the Federal Reserve Chairman’s testimony and the US jobs reports.

US stocks fell sharply on Tuesday after Powell’s comments dramatically increased investor expectations of a 50 basis point hike in interest rates at the March meeting.

In contrast, the US jobs report showed that job opportunities decreased to 10.8 million in January compared to 11.2 million jobs in December, but it was higher than economists’ expectations of 10.5 million.

The report also revealed layoffs rose in January and job cuts in 2022 were higher than initially thought, while fewer people left their jobs.

The Dow Jones managed to pare its early losses in Wednesday’s session from 0.7% to 0.2% to close near its lowest level in 4 months.

Pivot Point: 32800

Resistance levelSupport level

US Crude oil (USOUSD)

US Crude Oil chart on 9 March 2023

US oil inventories fell last week against expectations, as did gasoline stocks.

According to data issued on Wednesday, March 8th, by the US Energy Information Administration, crude inventories declined by 1.7 million barrels last week, compared to expectations for an increase of about 1.7 barrels and an increase of about 1.1 million barrels in the previous week.

Gasoline stocks also decreased by about 1.1 million barrels at 238.1 million barrels, and oil prices reduced their losses after the data was issued. Furthermore, Brent crude exceeded levels of $83 a barrel.

Pivot Point: 76.75

Resistance levelSupport level