
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
2020-11-25 • Updated
Biden’s transition encouraged stock bulls. Dow Jones jumped to 30 000. Will it keep rallying?
The Dow Jones Industrial Average passed 30 000 for the first time! It was caused by the combination of optimistic vaccine news and Biden’s transition. Trump agreed to concede Joe Biden as a winner of the presidential election, and that brought certainty and safety to the market. Elsewhere, Biden picked Janet Yellen to the post of the Treasury Secretary, which implies an expansion of support measures further. Investors have started to feel free in investing their capital in riskier assets.
Not only Dow Jones got a boost, but also individual stocks and other stock indices. For example, Tesla and Disney surged to record highs. The S&P 500 edged higher as well. Four stocks rose for every one that fell in the S&P! In fact, the stock market boom is a good sign as stocks tend to rise ahead of the overall economic recovery.
According to Schroders, “with the vaccine announcement it really doesn’t matter if the vaccine is distributed in the second quarter or third quarter next year, there is a light at the end of the tunnel”.
Don’t forget that to trade Dow Jones you need YM-20Z (Mini Jones Futures). 20 states for 2020, the letter Z – for the month of expiry. This CFD expires on December 18. You can always check it by clicking on the specification of a CFD on MetaTrader. Besides, you can read our article with detailed instructions on how to trade indices.
If Dow Jones sustains above 30 000, the way up to the recent high of 30 150 will be open. The current risk-on sentiment should drive it higher unless something bad happens. Not to miss it, follow US reports throughout the day as they may impact investors’ mood. If optimism wanes, and Dow Jones drops below the 50-period moving average of 29 560, the way down to the lows of the previous week at 29 225 will be clear. Follow the news and catch the market movement!
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
After multiple hawkish remarks over the past few days from non-voters members, the Federal Reserve chairman Powell surprised the markets with some dovish remarks…
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
As expected, the Federal Reserve hiked the key US interest rate by 25 basis points for the second straight time during its two-day meeting ending March 22. The unanimous decision of the FOMC came amid major central banks' commitment to fighting inflation while maintaining economic...
Between October 2022, and January 2023, the Japanese Yen outperformed several other currency pairs, resulting in over a thousand pips move on pairs like EURJPY, GBPJPY, and 2000-plus...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.