STARTRADER Monday’s Market Update 21-08-2023

The chart of estimates by experts from the German Institute “ZEW” for Economic Research indicates that the inflation rate in the Eurozone will remain above the 2% target set by the European Central Bank for years to come. Investors are anticipating remarks from Christine Lagarde, the President of the European Central Bank, this week.

In the United States, markets are awaiting comments from Jerome Powell, the Chairman of the Federal Reserve, this week in an attempt to understand the future plan for interest rates.

The US dollar dominated the scene during last week’s trading sessions, causing gold to drop to its lowest levels in five months.