S&P 500, daily chart.

The US stock market rose strongly yesterday due to better-than-expected reports on the US economy and the new spending plan of President Joe Biden.

More specifically, the DJIA jumped by 1.1%, Nasdaq increased by 1.7% and S&P 500 climbed up by 1.4%.

As mentioned above, all this is due to the strong ISM report on the US service sector, which indicated that activity reached 63% last March, well above the forecasted 59%. The industrial sector, on the other hand, saw some halt because orders fell by 0.8% last February.

In any case, the overall outlook was positive because Biden launched his new program, which amounts $ 2.2 trillion.

As for the Asian markets, they declined this morning even though economic indicators were also better than expected. Japan indices fell by 1%, while China indices slipped by 0.6%


The DJIA is currently at 33.534, but it is expected to grow and range between 33.200 – 33.700 points.

WTI is currently trading at $ 59.10, but it is projected to increase by 0.8% and range between $ 57.50 – $ 61.00. This should happen if there are good reports from the US.

USD/CAD is trading at 1.2540, but it is expected to hit 1.2460 – 1.2590 today.

The USD index declined from 93.00 to 92.60 yesterday, and today it is projected to range between 92.20 – 92.80 points.

US Treasury yields are currently holding at 1.7%.

The material has been provided by InstaForex Company –

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.