analytics601cb349ded1a.jpg

The S&P 500 hit all-time highs amid good employment data.

At the same time, demand for the US dollar jumped very sharply, as a result of which the rate of euro, franc and yen dropped significantly.

The main cause of the improvement in the labor market is the assistance given by both the Fed and the US government. To add to that, COVID-19 incidence in the country has dropped significantly.

The government’s new $ 1.5 trillion bailout program is also pushing the market up.

But despite this, buying the dollar is not recommended, as the upward potential is very small. The market is currently at a very high level, so a strong downward correction will most likely occur in the next few days.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.