27.07.202113:42 Forex Analysis & Reviews: Overview of the US market (07/27/2021)

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

US indices hit another record high last week, closing 17% higher since the beginning of the year. However, it is likely that the overall growth will not exceed this figure, as in the second half of the year there may be a strong correction.

Last week:

Dow Jones closed 1.5% higher (500 pips) and ranged from 34.600 to 35.100 points.

S&P 500 was up 2.0% (90 pips) and valued 4.330 to 4.420 points.

Nasdaq rose 2.0% (340 pips) and fluctuated from 14.500 points to 14.840 points.

Forecasts for this week:

Dow Jones will range 34.900 - 35.300.

S&P 500 will range 4.350 - 4.450.

NASDAQ will range 14.700 - 15.000

The market will move depending on the decisions of the Federal Reserve on Wednesday. Currently, the main issue is whether the central bank will tighten monetary policy in response to high inflation in the United States. However, doing so risks a large wave of sell-offs, which could bring negative consequences for the financial sector.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.