empty
 
 
22.04.2021 10:43 AM
Stock market on April 22, 2021

This image is no longer relevant

S&P 500, daily chart:

US stock market yesterday: the Dow and the S&P 500 increased by 0.9%, while the NASDAQ gained 1.2%.

Large investors assume that the bullish trend may extend for a while before the market enters an inevitable correction.

The ECB decided to keep the interest rate at the same level. The regulator is committed to support the EU economy amid the raging third COVID-19 wave. Yesterday, Germany recorded 28K new infections, while France reported on 35K new cases.

Market participants are awaiting the publication of the weekly US labor market report.

Asian stock markets during early trading hours: Japan's stocks soared by 2%, while China's stocks fell by 0.1%.

The oil market plunged by 2.5% yesterday.

The Dow is at 34,140. It is forecast to be in the 33,800 – 34,300 range. Despite yesterday's bullish US market, a deep correction is likely.

The USDX is at 91.10. It is expected to be in the 90.80 – 91.50 range. Today, the US dollar index was waiting for the ECB's decision at its low. If the euro drops, the USDX will strengthen.

The USD/CAD pair is at 1.2500. It is likely to be in the 1.2400 – 1.2550 range. Yesterday, the loonie grew sharply and offset losses incurred the day before.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback