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!
S&P 500
US stocks are likely to hit new highs ahead of New Year.
Dow already rose 1% on the first trading day after Christmas, while Nasdaq and S&P 500 gained 1.4% each.
The benchmark S&P 500 even reached 4.791 points.
Unsurprisingly, Asian markets also rose on Tuesday, with Japan indices expanding by 1.3% and China indices growing by 0.3%.
Oil also rallied yesterday, so Brent traded more than $ 78. To be specific, it cost $ 78.40 for the first time since the end of November
With regards to the coronavirus, the total number of new cases all over the world after Christmas was 785,000. 229,000 of it came from the United States, while UK accounted for 98,000 cases.
On a different note, US President Joe Biden signed a defense budget. Dallas Fed PMI dipped in December, falling slightly to 8.1 points. The data last month was 11.8 points.
Meanwhile, China tightened the procedure of placing corporate stocks to foreign exchanges, further strengthening state control over big businesses. However, in the long term, this could lead to a slowdown in economic growth.
CDC cut the isolation requirement for omicron patients, reducing it from 10 days to 5 days. This move eases the negative impact of the virus to the economy, but experts still anticipate downgraded growth forecasts for Q1 2022. They said tourism, airlines, hotels and restaurants will suffer again.
The stock market, on the other hand, exudes great optimism. The S&P 500 rose by a record 25% this year, hitting its 69th new high yesterday. Tech stocks were the leaders of growth. However, the market usually rebounds in January.
S&P 500: 4.791 points, range 4.750 - 4.820.
Talking about dollar, there is little move after Christmas, so USDX remained at 96.05 points, with a range of 95.80 - 96.20. There are no new impulses.
Accordingly, USD/CAD traded 1.2785, with a range of 1.2740 - 1.2820. It is under pressure amid a strong rise in oil prices, but so far the move was not that large.
Conclusion: The US market is gearing up for the end of the year, and perhaps yesterday's rally was the last strong move in the market. Investors should be as careful as possible because unexpected movements in any direction are possible.
*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।
