empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

07.09.202110:01 Forex Analysis & Reviews: Overview of the US market (09/07/2021)

Exchange Rates 07.09.2021 analysis

S & P 500 chart.

Review of the US market for the week of September 1-7:

The US market has been trading horizontally over the past week. It held up at record highs, indicating that bullish investors are not yet strong enough to provoke further growth. But there was also no desire to sell stock portfolios, so the market did not decline.

In any case, sentiment was influenced by the August report on US employment, which showed that new jobs amounted to only 235,000, far below the expected 700,000. But on the bright side, the unemployment rate fell from 5.4% to 5.2%.

This data fueled the idea that the Federal Reserve is likely to begin tapering programs by November. Specifically, bond purchases may be reduced by $ 15 billion a month.

So, for the past week:

Dow practically remained unchanged at 35.380 points.

The S & P 500 gained 0.3% (15 pips) and ranged from 4.520 to 4.535 points.

NASDAQ climbed 0.5% (70 pips) and ranged from 15.290 - 15.360 points.

Forecast:

Dow will range from 35.000 to 35.700 points.

S & P 500 will range from 4.550 to 4.600 points.

NASDAQ will range from 15.100 to 15.500 points.

Conclusion: The US market has been trading around record highs all throughout 2021. And since the S&P 500 grew as much as 20%, there is a chance that a massive correction will take place. This should be seen by September, after the policy decision of the Federal Reserve.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.