16.04.2021: US stocks closing with gains for few weeks in row (DJIA, DXY, USD/CAD, BTC/USD)

loader
Vistas:
Yesterday, the US stock market again closed with gains as upbeat economic data encouraged market participants to cancel a downward correction. The overall growth of the US stocks measures 12% since the beginning of the year. Remarkably, the third pandemic wave worldwide has equated to the rates recorded in the second wave. At the same time, what a striking difference in the market situation! Let’s try to figure out the reasons.
The Dow Jones surged nearly 1% yesterday and closed the New York session at about 34,040 points. The index for blue-chip stocks is expected to trade in the corridor of 33,700 – 34,150, following the overall uptrend in the equity market. Investor sentiment was boosted by strong retail sales data for March released yesterday. Retail sales topped the flash estimate by one third. This added up to the overall market optimism so that a downward correction is not the case for the near future.
The US dollar index is trying to find support at 91.40. Meanwhile, the US currency is set to post another week of losses. It is expected to trade in a narrow range with the upper border at 91.90. Technical charts reveal weakness of the US currency. Besides, the benchmark 10-year US Treasury yield dipped to a one-month low. At the moment, the euro is setting the tone in the euro/dollar pair. A further dynamic of the pair will depend whether the euro will be able to climb above 1.2000.
The Canadian dollar is still trapped in the range of 1.2450 to 1.2650 versus the US dollar. On the one hand, rising oil prices are bullish for the loonie. On the flip side, the overvalued currency is negative for Canada’s economy. An escape from the trading range will determine a further trajectory. The USD/CAD pair is unlikely to trade further downwards.
Bitcoin has shed almost 2,000 dollars today. Now the most popular digital token is trading at near 60,500 dollars. Technical indicators suggest that that Bitcoin made a downward correction and it is not going to break through the milestone 60,000 dollars. So, the number one cryptocurrency is set to rebound to 62,000 or even higher on Monday. But it will depend on the information background. This time, the downward move was triggered by the news that shares of cryptocurrency platform Coinbase had tumbled 14% after its debut in Nasdaq in a direct listing. If there is no bad news over the weekend, Bitcoin will recover to previous highs next week.
Meanwhile, global investors are puzzling out when the US stock market will begin a deep correction. It could happen tonight. Analysts point out that the ongoing dynamic of the equity market poses a threat of a sharp correction in case of any negative news. Bearing this in mind, investors could lock in profits before the weekend.

https://www.instaforex.com/ru/

Аналитика от ведущих экспертов валютного рынка - https://www.instaforex.com/ru/forex_analytics
Календарь Форекс-трейдера - https://www.instaforex.com/ru/forex_calendar
ТВ для Форекс-трейдера, важное и интересное - https://www.instaforex.com/ru/instaforex_tv

Котировки в режиме реального времени - https://www.instaforex.com/ru/charts
Открыть торговый счет в ИнстаФорекс - https://www.instaforex.com/ru/fast_open_live_account
Конкурсы для Форекс-трейдеров - https://www.instaforex.com/ru/forex_contests

ИнстаФорекс в VK - https://vk.com/instaforex
ИнстаФорекс в FB - https://www.facebook.com/instaforex.ru/

#форекс_новости #американская_сессия #инстафорекс_тв
← Volver a la lista de videos

Calendario InstaForex TV

Calendario InstaForex TV

Eventos InstaForex TV

Eventos InstaForex TV

Reportaje TV del mercado

Reportaje TV del mercado

Notiicias InstaForex TV

Notiicias InstaForex TV

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.