Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Summer starts with bullish ride in the US stock market

Summer starts with bullish ride in the US stock market

Information is not investment advice

The first day of summer is here! What was May like for the US stock indices? And, most importantly, what should we expect next?

Waves of cautiousness

Last month, the market was swinging between the risk-on and the risk-off. On the one hand, a concern around surging inflation was the main factor driving the American indices down last month. For example, the US Core PCE Index, one of the Fed’s favorite measures of inflation, increased by 0.7% in April to the highest level since 1992. Investors worry that massive injections of liquidity will keep the inflation pressures high for a prolonged time. Despite this uncertainty, the Fed members still see the rise of this indicator as temporary.  Fed’s opinion seems controversial to some investors. As a result, the indices remained pressed in May.

On the other hand, indices could not avoid a fast vaccination pace in the United States combined with the economic reopening. As the monetary policy in the US remains loose, the massive capital inflows push the American stock gauges to new highs.

If we look at the monthly chart of S&P500, we can see that May’s candlestick is a Doji one. This is a warning sign for traders. However, given to existing fundamentals, the retest of 4240 and the breakout to the next high of 4300 are possible.

Untitled.png

As for NASDAQ, the overall picture on the monthly chart was not so bright, as the index dropped below 13,000. By the end of the month, it has managed to recover and reached the resistance of 13,740. The next obstacle for bulls will lie at 13,900.

nasdaq.png

This month, we need to stay extremely focused on the US inflation and speeches by the Fed members. If nothing changes, we may see new highs of the indices above and the pullback afterwards. 

LOG IN

Similar

How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later