empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
09.09.2021 10:20 AM
Review of the US market on September 9
Open trading account Open demo account

This image is no longer relevant

S & P 500 chart.

The US stock market continued to decline, albeit moderately. Dow closed 0.2% lower on Wednesday, while NASDAQ and S&P 500 closed minus 0.6% and 0.1% respectively.

Following this, Asian markets also dropped this morning. Japan indices fell by 0.5%, while China indices slipped 0.6%.

On the bright side, the oil market posted growth, rising by as much as $1. Now, Brent is worth $ 72.80, which is near the highest price one and a half months ago. Apparently, excess US oil dropped by 2.9 million barrels over the week, and the Department of Energy said production in the Gulf of Mexico, which was damaged by Hurricane Ida, will be restored this September. The department also gave a positive forecast, that is, an increase in global oil demand in 2022. They said it will soar to 101 million barrels per day.

With regards to the coronavirus, there is a slight jump in cases from the United States. It rose to 157,000, which, in turn, pushed global incidence to approximately 600,000 on Wednesday.

As for macro statistics, inflation on manufactured goods in China rose to 13-year highs in August despite attempts of the authorities to combat the rise in commodity prices.

In Europe, the ECB is scheduled to have a policy meeting today, but it is unlikely that they will adopt any changes in the course. They may, however, give hints of a potential tapering, similar to that of the US Federal Reserve. After all, Spain's new Treasury chief said he was preparing the country for ECB stimulus cuts next year.

Bank of England Governor Andrew Bailey said the same.

So, it was not a surprise that the S&P 500 valued 4.514 points, ranging from 4.470 to 4.540. Data released by the Fed in its Beige Book also indicated widespread slowdown in economic growth amid the re-outbreak of COVID-19. Although the US labor market remains strong, the rate of hiring is slowing due to a shortage of skilled workers. And even though wages are rising, it inevitably dampens hiring growth. All districts are also experiencing a rise in prices, especially in metal, building materials, and transport services.

But even though the US market has been declining for the past two days, it is actually at yearly highs so a correction is very likely.

Talking about dollar, it hit 92.70 points yesterday and ranged from 92.40 to 93.00. Buying pressure clearly took a pause, but it may resume today after the ECB's decisions.

As for USD/CAD, price hit 1.2720 yesterday, ranging from 1.2650 to 1.2780. Surprisingly, the pair has been growing for three consecutive days despite high oil prices. It seems that investors are waiting for the Fed to tighten its policy.

Conclusion: Market sentiment will depend on the the decisions of the ECB over its monetary policy.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Technical analysis
Gold: Ongoing Uncertainty Continues to Support Gold Prices Gold prices continue to receive support amid the fog of uncertainty surrounding the future course of the tariff wars initiated by Donald Trump. The price of gold has been climbing
Pati Gani
11:49 2025-04-17 +02:00
1075
Fundamental analysis
Is the Euro Ready for Another Rate Cut? We'll find out very soon whether the euro is once again prepared for the European Central Bank (ECB) to continue easing monetary policy. Today, the ECB is expected to lower
Jakub Novak
11:38 2025-04-17 +02:00
1345
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US stock market on April 16: S&P 500 and NASDAQ resume declines

Following the previous regular session, US stock indices closed slightly lower. The S&P 500 slipped by 0.17%, the Nasdaq 100 edged down 0.05%, and the Dow Jones Industrial Average dropped
Jakub Novak 12:22 2025-04-16 UTC+2

US market remains resilient despite tariff turbulence from Trump

S&P 500 Overview for April 16 The US market remains resilient despite tariff turbulence from Trump Major US indices on Tuesday: Dow -0.4%, NASDAQ 0%, S&P 500 -0.2%, S&P
Jozef Kovach 11:50 2025-04-16 UTC+2

S&P 500 and Nasdaq 100: direct signals from earnings and geopolitics

Tuesday's premarket opens with uncertainty, a state that often precedes a storm rather than calm on Wall Street. The S&P 500 futures are sliding toward 5,420 after a strong Monday
Anna Zotova 11:52 2025-04-15 UTC+2

US market at crossroads: up or down?

Overview for April 15 US market at crossroads: up or down? Major US indices on Monday: Dow +0.8%, NASDAQ +0.6%, S&P 500 +0.8%, S&P 500: 5,405, trading range: 5,100–5,800. Stocks
Jozef Kovach 11:52 2025-04-15 UTC+2

US stock market on April 15: S&P 500 and NASDAQ slow their gains

At the close of the previous regular session, US stock indices ended in positive territory. The S&P 500 rose by 0.79%, while the Nasdaq 100 gained 0.64%. The Dow Jones
Jakub Novak 11:34 2025-04-15 UTC+2

Markets depend on Trump's actions: calm seems to be fantasy

Global markets have been swept up in a tariff whirlwind, and the eye of the storm is once again in Washington. Trump, with a stroke of his pen, sends indices
Аlena Ivannitskaya 14:28 2025-04-14 UTC+2

US stock market gains ground as Trump postpones tariffs on some items

S&P500 Snapshot of the benchmark US stock indices on Friday: * Dow Jones: +1.6% * NASDAQ: +2.1% * S&P 500: +1.8%, now at 5,268, trading in a range between 4,800
Jozef Kovach 11:18 2025-04-14 UTC+2

Update on US stock market on April 14. SP500 and NASDAQ regain their footing amid tariffs pause on electronics

US major stock indices closed the regular North American session on Friday in the green. The S&P 500 rose by 1.81%, while the Nasdaq 100 gained 2.06%. The industrial
Jakub Novak 10:54 2025-04-14 UTC+2

US stock market on April 11: S&P 500 and Nasdaq plunge

US equity markets ended Thursday's regular session with steep losses. The S&P 500 dropped 3.46%, the Nasdaq 100 fell 4.31%, and the Dow Jones Industrial Average declined 2.50%
Jakub Novak 13:41 2025-04-11 UTC+2

Update on US stock market on April 11. Major pullback after strong rally. Market regains consciousness.

S&P500 Snapshot of the US benchmark stock indices on Thursday: * Dow -2.5%, * NASDAQ -4.3%, * S&P 500 -3.5% The S&P 500 closed at 5,268, within the range
Jozef Kovach 12:00 2025-04-11 UTC+2

Top analytics

Relevance up to 00:00 2025-04-18 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 17th – Forex Trade Review
11:19 2025-04-17
Forecast
Relevance up to 03:00 2025-04-18 UTC--4
EUR/USD: Analysis and Forecast
11:55 2025-04-17
Fundamental analysis
Relevance up to 02:00 2025-04-18 UTC--4
Is the Euro Ready for Another Rate Cut?
11:38 2025-04-17
Fundamental analysis
Relevance up to 00:00 2025-04-18 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 17th – Forex Trade Review
11:15 2025-04-17
Forecast
Relevance up to 00:00 2025-04-19 UTC--4
Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday April 17, 2025.
06:27 2025-04-17
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.