US STOCK INDEXES MAY CONTINUE UPWARD TREND

-

U.S. stock-index futures looked to extend their gains on Wednesday, a day after major equity benchmarks closed at their early March highs, as investors awaited an important indicator of the labor market’s health.  Futures for the Dow Jones Industrial Average were up 159 points, or 0.6%, at 25,860 and US S&P 500 index were trading 12.60 points, or 0.4%, higher at 3,089.50.
 Markets have climbed a virtual wall of worry to head higher over the past several sessions, shrugging of social strife and violent demonstrations in major cities, testiness between the U.S. and China and the economic carnage wrought by a viral pandemic.  It is also to be noted that estimate loss of employment in April may reach the figure of 20.236 million. The data, which will be released at 8:15 a.m. Eastern, comes ahead the more closely watched Labor Department report that will be released Friday.
 


Social unrest continues across the U.S. resulting in New York, known as ‘The City That Never Sleeps,’ imposing an 8 p.m. curfew today, a full 22 minutes before sunset.  Hope for success in businesses reopening has been credited with pushing stocks higher, but analysts say that an unprecedented dose of stimulus from the Federal Reserve has also provided a floor for assets considered risky. Weekly data showed that the Fed’s balance sheet rose to $7.1 trillion as of last Wednesday, up from $7.04 trillion over the prior period. Meanwhile, the U.S. government has injected trillions of dollars more into small businesses and workers to help stem the hardship of store closures.  This may further drive the stock markets up to and around 26100 mark (DOW).


Comments

Post a Comment

Popular posts from this blog

Gold (XAUUSD) Outlook Today – Updated Forecast (March 2026)

-
Image
Introduction Gold (XAUUSD) is currently showing a strong bullish recovery phase , supported by weakening confidence in aggressive monetary tightening and renewed safe-haven demand. Global investors are closely monitoring inflation trends, geopolitical tensions, and central bank policies to anticipate the next directional move in gold. Market Overview Gold has recently rebounded after testing lower levels near $4430–$4450 , indicating strong buying interest at support zones. The price has stabilized and is attempting to move higher towards key resistance levels. Despite intermittent strength in the US Dollar, gold continues to attract safe-haven flows , especially due to ongoing geopolitical uncertainties and inflation persistence. Key Factors Affecting Gold 1. Buying Pressure – 81% Strong accumulation is visible at lower levels, indicating institutional buying and renewed investor confidence in gold. 2. Selling Pressure – 19% Selling activity has significantly reduced, suggesting that ...
Read more

GBP (GBPUSD) Outlook Today – Grabbing Opportunity?

-
Image
Introduction GBPUSD is currently showing bullish momentum (68%) , supported by strong technical indicators and improving trader sentiment. Despite global uncertainties and USD influence, the British Pound is gaining strength as buyers are stepping in near key support levels. Market Overview GBPUSD has shown a strong recovery from recent lows around 1.3395 , currently stabilizing near the pivot zone. Price is consolidating above support Buyers are gradually dominating the market Breakout structure is forming Intraday volatility remains high, indicating potential sharp moves. Key Factors Affecting GBPUSD 1. US Dollar Strength The US Dollar still holds strength, but recent consolidation has allowed GBP to recover. Any weakening in USD will further boost GBPUSD. 2. Interest Rates Stable UK interest rate outlook is supporting GBP No aggressive tightening → bullish for GBP in short term 3. Inflation Trends Persistent inflation in the UK is supporting currency strength If inflation remains el...
Read more

EURUSD Outlook Today – Advanced Forecast

-
Image
Market Summary EURUSD is currently showing a moderate bullish structure (64%) , supported by improving technical strength and positive trader sentiment. While the US Dollar remains relatively strong, the Euro is stabilizing due to balanced economic expectations and neutral macroeconomic data. Current Market Structure Trend:  Bullish (64%) Market Behavior: Gradual recovery with consolidation Volatility: Moderate (news-driven movement expected) EURUSD is trading near its pivot level, indicating a balanced but slightly bullish bias . Key Market Drivers & Impact Analysis Factor Strength Interpretation Buying Pressure 62% Moderate accumulation supporting upward bias Selling Pressure 38% Some resistance present but not dominant Data Impact 50% Neutral macroeconomic signals Technical Outlook 90% Strong technical structure favoring bullish continuation Geo-Political Impact 40% Limited direct influence on EURUSD Traders Sentiment 76% Positive sentiment supporting gradual uptrend Techn...
Read more