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S&P 500:
Latest COVID-19 data:
The US market continues to hit all-time highs even amid high incidence rates for COVID-19. All in all, both the DJIA and S&P 500 gained a total of 12% this year, and a huge 78.5% from March-April last year.
Unfortunately, the same can not be said in the Asian markets. Japan saw a 0.1% increase this morning, while China slipped by 0.1%.
Forecasts:
The DJIA rose by 0.9% yesterday, as a result of which it closed at 34.040 points. It is projected to range from 33.700 to 34.150 points today.
Meanwhile, the USD index hit 91.40 points yesterday. It is forecasted to trade around 91.40–91.90, depending on the sentiment in EUR / USD.
USD / CAD costs 1.2540. It is expected to range between 1.2450-1.2650 today.
Important: A strong pullback may occur in the US market today, as investors may close their positions ahead of the weekend.
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