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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STARTRADER Market Recap | 07-June-2023

8 June

The US Securities and Exchange Commission (SEC) has filed an emergency motion in the Federal Court in Washington, D.C., to freeze the assets of Binance US and recover the assets (fiat and cryptocurrencies) held by customers on the Binance US trading platform. The freezing request applies to the two holding companies affiliated with Binance in the United States and does not affect unregulated international exchange.

The markets are stable this week, with gold holding above the 1960 levels after recent data supported the Federal Reserve’s cautious approach to raising interest rates in the upcoming meeting.

The US dollar index is also stable near the 104 level. There are no significant scheduled data releases to monitor this week, except for tomorrow’s unemployment claims, which are expected to increase slightly from 232,000 to 236,000 only.

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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