Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
US indices posted minimal growth on Tuesday, with Dow Jones and S&P 500 rising only 0.1%, and Nasdaq climbing 0.2%.
Meanwhile, Asian markets closed in different directions this morning: Japan indices fell 0.1%, while China indices posted a 0.4% gain.
The oil market also grew, showing a 0.4% increase in prices. Brent traded at $ 75 ahead of the OPEC meeting and amid a strong decline in US reserves. According to latest reports, oil stocks in US fell 8.1 million over the week, which is about 2 times higher than expected. This drop indicates the continued rapid growth of the US economy.
Unsurprisingly, US also reported an increase in consumer optimism, which points to a boom in demand. Data released yesterday show that the index for June increased to 127 points.
The boom also raised home prices by a massive 14.6%, which is the largest jump recorded in 30 years. It also affected the market for new cars.
And today, ADP will publish a report on US employment, which is projected to show an increase of around 570,000.
Regarding other economies, Germany also showed a strong improvement, posting a decrease in unemployment rate from 3.8% to 3.7%.
The world's epidemiological situation is also better, thanks to the sharp decrease in new COVID-19 infections. According to the latest data, the total number of new cases is 2.5 times lower than the record last May.
Going back to the markets, S&P 500 still values 4.290 points and has a range of 4.250 - 4.320 points.
Meanwhile, the USD index rose slightly to 92.00, but still has a range of 91.70-92.30.
As for USD/CAD, it hit 1.2380 and now has a range of 1.2300-1.2470.
Conclusion: The US market will move depending on the US data that will be released today.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
