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12.04.202108:30 Forex Analysis & Reviews: Overview of the US stock market on April 12

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S&P 500

Latest reports show that US indices grew by approximately 2.5% over the past week. This indicates the improving conditions in the US economy, which, in turn, increases the willingness of investors to take risks.

However, purchases at such high levels are extremely risky. In fact, in this situation, the best move is to wait for a strong pullback before continuing long positions.

With regards to Asian markets, indices declined this morning, with China slipping by 1.4% and Japan dipping by 0.5%

Forecasts:

The DJIA is currently at 33.807 points, but it is expected to range between 33.500 - 34.100 today.

At the time of writing, WTI is trading at 59.30. Analysts forecast it to fluctuate around $57.50 - $ 61.00 today.

USD/CAD currently costs 1.2560, but it is projected to range between 1.2450 - 1.2700 today.

As expected, the USD index hit 92.30 points, after encountering strong support at 91.80 - 92.00. It is expected to range 91.80 - 92.60 today.

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