COVID-19 incidence increased again in the United States, hitting 59,000 (as of the morning of March 30) despite vaccination. In fact, earlier reports said that more than 100 million Americans are vaccinated already, and President Joe Biden has pledged that 200 million more will receive it by mid-May (this is 2/3 of the whole US population).
Meanwhile, everything remains bad in Europe. Obviously, there’s a massive outbreak in the Czech Republic, Hungary and Poland. Not only is the mortality rate high, but medicines are already at the limit.
As for France and Germany, strict quarantine measures seem to have worked in curbing the spread of the virus.
S&P 500 daily chart.
The US market showed tenacity yesterday by rising quite strongly immediately after declining during the day. More specifically, Dow Jones jumped by 0.3%, while NASDAQ Composite slipped by 0.6%
Obviously, the market intends to break above the yearly highs in the coming days.
This should be helped by the upcoming reports this week, which are March employment reports and the ISM Industrial Index.
But buying in the market is very risky at the moment. Selling, meanwhile, is better after the market hits new highs and undergoes a slight pullback.
The material has been provided by InstaForex Company – www.instaforex.com
🚀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.