Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
US indices posted different movements on Wednesday. Dow Jones and S&P 500 showed a 0.1% growth, while Nasdaq displayed a 0.2% decrease.
The main reason was the recent statements of the Federal Reserve, which indicated that the central bank will continue to adhere to a super-soft monetary policy despite the continued jump in inflation. Fed Chairman Jerome Powell said the observed increases in the indicator are temporary, so there is nothing to worry about. Dollar fell on this news, while euro increased in price.
On a different note, EU and China unveiled big plans to improve the environment. According to the EU, it will drastically reduce the use of hydrocarbons by 2030, all while increasing the share of renewable energy to 40%. It will also ban the sale of cars with internal combustion engines by 2035.
US also expressed the desire to adopt a CO2 reduction program, but there are many oppositions in the Congress.
Going back to the markets, China indices closed 1.3% higher this morning, while Japan indices fell 1.2%. The cause was the continued recovery of the Chinese economy, which, even though showed a slight slowdown in the 2nd quarter, remains high at 7.9%.
As for oil, a 3% decrease was observed on Wednesday, which is approximately $ 2. Now, Brent costs $ 73.70.
On the bright side, US reserves declined by another 8 million barrels. However, gasoline stocks increased by 1 million barrels. Oil production also rose 0.1 million barrels per day.
With regards to the world's epidemiological situation, latest reports say the total number of new infections increased again to 550,000. Both Brazil and India contributed 57,000 each, while UK and US brought about 42,000 and 35,000 respectively.
At the time of writing, S&P 500 values 4.374 points and has a range of 4.340 - 4.410. One reason is the profit report of the Bank of America, which exceeded forecasts. The data said the bank earned $ 9.22 billion, but its turnover fell to $ 21.47 billion, which is 4% lower than last year's. Other banks also posted significant growth in earnings.
Sadly, the increase did not extend to the USD index. Dollar weakened after Powell downplayed the growing risk of inflation, so the index declined to 92.30 points and ranged 92.0 - 92.60.
Accordingly, USD/CAD declined in price, trading at 1.2530. It is expected to fluctuate from 1.2480 - 1.2600.
Conclusion: The market will move depending on the upcoming data on US jobless claims. But there is a high chance that it will grow slightly before the Fed meeting at the end of this month.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
