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.

6 March

MARKET NEWS SUMMARY

European stocks rose at the close of trading on Friday, March 3rd, recording a weekly gain of 1.4% amid a follow-up to economic data.

At the end of the session, the STOXX600 index rose by 0.9% to 464 points, while the British FTSE rose by less than 0.1% to 7947 points. On the other hand, the German DAX rose by 1.64% to a record 15578 points. As for the French CAC, it increased by 0.88% to 7348 points.

US indices recorded collective gains on Friday and throughout the week, supported by a decline in US Treasury yields after economic data helped investors overcome the growing possibility that the Fed will maintain its tightening policies for a longer period than expected.

And the yield of US Treasury bonds for two years decreased to 4.86% in the Friday session after it reached its highest level in more than 15 years in the previous session.

Economic data released on Friday showed steady demand for services, with a PMI from the Institute for Supply Management and S&P Global indicating that activity in the sector continues to expand even as input prices fall.

Dollar index (USDX)

US Dollar Index chart on 6 March 2023

Data on Friday showed that the US services sector grew steadily in February, with new orders and employment rising to more than one-year highs, indicating the economy continued to expand in the first quarter.

On Saturday, Fed Chair Mary Daly said that if the number in data related to inflation and the labor market continues to rise more than expected, it is necessary to raise interest rates and hold them at that level for longer than what Fed policymakers expected in December.

Pivot Point: 104.60

Resistance levelSupport level
104.80104.30
105.15104.10
105.65103.55

Euro (EURUSD)

EURO Chart on 6 March 2023

European Central Bank President Christine Lagarde said core inflation in the eurozone would remain high in the near term. Therefore, a 50-basis point rate hike by the European Central Bank later this month is increasingly certain.

Technically, the Euro was able to stabilize and hold positively above its pivot point at 1.0620.

Pivot Point: 1.0620

Resistance levelSupport level
1.06501.0600
1.06701.0580
1.06951.0565

Spot Gold (XAUUSD)

Spot Gold chart on 6 March 2023

Gold futures rose at the settlement of trading on Friday, March 3rd, recording the first weekly gain in 5 weeks and the best gain since mid-January.

Upon settlement, gold futures rose by 0.8%, or $14.10, to $1,854.6 an ounce, while they rose 2.1% over the course of the week.

It may be that gold may have found some support from fears of a tightening policy on the part of the Fed, which may push the US economy toward recession.

However, many data and statements indicated that the continued rise in US Treasury yields, along with the relative flexibility of the dollar, means that these gains may be limited.

Pivot Point: 1,848

Resistance levelSupport level
1,8551,845
1,8601,838
18651,830

Dow Jones Index (DJ30ft – US30)

DOW JONES Index chart on 6 March 2023

The Dow Jones index recovered 33,300 points at the close after it rose by 1.2%, recording its third consecutive daily rise.

Over the course of the week, the Dow Jones gained 1.75% after 4 consecutive weeks of losses.

Pivot Point: 33260

Resistance levelSupport level
3357533100
3373032785
3420032310

US Crude oil (USOUSD)

US Crude Oil chart on 6 March 2023

Oil prices rose by more than 1% at the settlement of trading on Friday, March 3rd, recording weekly gains. Oil’s gains were supported by optimism about demand from China, the largest importer of crude in the world.

Upon settlement, Brent crude futures rose by 1.3% to $85.83 a barrel, the highest level since February 13, and US crude rose by 1.9%, recording $79.68 a barrel, marking the third largest weekly gain in 2023.

Oil prices received support from the growth of service sector activity in China in February at the fastest pace in six months amid the growth of manufacturing activity. Moreover, China’s seaborne imports of Russian oil are heading toward a record level this month.

Pivot Point: 78.50

Resistance levelSupport level
80.0077.70
80.7577.00
81.5076.50

STARTRADER

Online Trading App

App Score
Install