Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: US stock markets hit all-time highs

Forex Today: US stock markets hit all-time highs

The quiet week on the market has so far been dominated by a sharp rise in cocoa futures prices towards new long-term highs.

➡️ US stock markets rose solidly yesterday, reaching new record highs. The main stock indices,  the S&P 500  And  the NASDAQ 100,  have hit new all-time highs, unlike the Dow Jones 30. Short-term price action looks very bullish, so trend traders will want to get involved on the long side, and day traders may want to consider trading these indexes long if they show momentum after the market opens. The S&P 500 briefly touched 5000 yesterday, which could now serve as a resistance level as a huge round number.

➡️ Cocoa futures  have risen very strongly in recent days, rising very strongly to reach a new multi-year high price again yesterday, which will keep trend traders interested in this commodity on the Long side. It has shown a powerful bullish trend for over a year. Cocoa futures have risen more than 25% since the start of 2024.

➡️ In the Forex market, the Swiss currency has been the strongest major currency since the Tokyo open today. The Japanese yen was the weakest. The greatest volatility recently has been observed in the currency pair USD/JPY  and in crosses with the Yen.

➡️ Four US Federal Reserve officials said yesterday they don't see an urgent case for cutting interest rates: Kugler, Kashkari, Collins and Barkin. Markets do not expect any rate cuts in the US before May.

➡️ Bank of Japan Uchida said it is difficult to predict that there will be sharp rate increases after negative rates finally end with the first next rate hike. Money is flowing into yen deposits in anticipation of positive rates being introduced soon.

➡️ The EUR/USD currency pair  may have reached a double bottom at $ 1.0725.

➡️ Data on unemployment claims in the United States will be released today.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar