empty
 
 
cn
支持
即时开户
交易平台
入金/出金

04.06.202110:41 Forex Analysis & Reviews: Review of the US market (06/04/2021)

Exchange Rates 04.06.2021 analysis

US stocks tumbled on Thursday, slipping by as much as 1.0%. Dow Jones was down 0.1%, while Nasdaq and S&P 500 fell by 1.0% and 0.4%, respectively.

Fortunately, the recent oil rally kept Dow Jones afloat, but tech stocks plunged due to growing fears of inflation.

Asian markets also closed in different directions, with China indices gaining around 0.5%, while Japan indices lost 0.4%

As for the oil market, prices are holding near all-time highs, but started to show moderate decline. Nevertheless, Brent is trading above $ 71, while WTI is at $ 68.70. Oil reserves in the US also decreased by 5 million barrels this week, but it was offset by the 1.5 million increase in gasoline stocks.

In terms of economy and politics, China issued a statement yesterday, which kind of hints that there are some breakthroughs in the US-China trade negotiations.

There is also stability in terms of the epidemiological situation, as cases were again around 500,000 on Thursday, which is 2 times lower than the peak record in April. India recorded 130,000 cases, while Brazil and US listed 84,000 and 18,000, respectively. France recorded approximately 8,000 cases.

Going back to the economy, US released its May employment report, which showed a 978,000 increase in jobs. Business activity in the services sector also rose to 64%, slightly higher than the data last April. US President Joe Biden also met up with Republicans to discuss his $ 1 trillion spending plan for the economy.

Currently, the S&P 500 is at 4.192 points, but it is set to close around 4.150 - 4.230 points.

The USD index is also at 90.50, but it should close higher, between 90.15 - 90.80.

As for USD/CAD, it currently costs 1.2115, but it should drop around 1.2050 - 1.2180.

Conclusion: The US market will be driven today by the report on US employment. If the data is much better than expected, a large movement will take place.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.