empty
 
 
17.09.2021 10:08 AM
Review of the US market on September 17

This image is no longer relevant

S & P 500 chart.

Rally in US market stops in anticipation of the Fed policy meeting.

US indices either remained in place or showed a slight decline on Thursday, failing to continue the growth observed in the previous day. Dow fell 0.2%, while NASDAQ and S&P 500 lost 0.1% and 0.16% respectively.

Meanwhile, Asian markets posted growth this morning. Japanese indices rose 0.5%, while China indices gained 0.1%.

But all in all, the S&P 500 valued 4.473 points, ranging from 4.440 to 4.500. Most likely, investors were encouraged by the increase in US retail sales for August, which was up 0.7%. Sales excluding vehicles grew 1.8%, while furniture sales jumped 3.7%. Online sales also soared 5.3%.

In terms of employment, jobless claims rose slightly to 332,000, from 318,000 a week earlier. Fortunately, repeated claims decreased by 120,000 to 2.66 million.

Wall Street Journal comments that the US economy is showing resilience in the face of the Delta strain. Citizens have sharply increased in-store purchases, and employers are not cutting hiring despite high Covid numbers.

Even so, the market is currently not as strong as the economy, as there is weariness from prolonged growth. In short, stock prices are inconveniently high.

On the bright side, oil prices continue to soar above $ 75. It is now at $ 75.60.

With regards to the coronavirus, there was another increase in the amount of new cases to 570,000. The US accounted for approximately 151,000, while the UK accounted for 27,000.

Talking about dollar, it rose slightly to 92.90 points, ranging from 92.60 to 93.20. But even though it showed growth, the rate is still moderate. Clearly, the currency is climbing because of the Fed meeting on September 22.

As for USD/CAD, price increased a bit to 1.2680, ranging from 1.2600 to 1.2750. The pair rose along with the general increase in dollar, but remains inside the range. Also, the rise in oil prices has not yet caused the Canadian dollar to strengthen.

Conclusion: Investors are waiting for the Fed's decisions on Wednesday. The likelihood of a decline in the market is quite high.

Jozef Kovach,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $5,000 وأكثر من ذالك!
    في مارس نحن نقدم باليانصيب $5,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
    انضم إلى المسابقة
  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback