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.

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Market Recap | 28-Mar-2024

28 March

During Asian trading on Thursday, the dollar index showed little movement and remained close to one-month highs as traders awaited inflation data and speeches from Federal Reserve officials to gain further insights into interest rates tomorrow, Friday.

Meanwhile, oil prices rose in Asian trade on Thursday due to expectations of reduced supplies, particularly with decreased Russian production, positioning crude for a strong performance in the first quarter of 2024.

Gold prices remained stable in light of Personal Consumption Expenditures (PCE) data and the focus on speeches from Fed officials.

However, trading volumes on Friday could be subdued as the U.S. stock and Treasuries markets will be closed for the Good Friday holiday.

The GBP experienced a slight increase, rebounding from its one-month low last week, after the Bank of England Governor Andrew Bailey reported to the Financial Times that rate cuts “were in play” this year.

RISK WARNING
All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be requiredto make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice if you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. STARTRADER LLC assumes no liability for any loss sustained from trading in accordance with a recommendation. Trading via this website is with STARTRADER LLC.

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