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.

Vaccine news pushed Dow Jones to record high

Vaccine news pushed Dow Jones to record high

Information is not investment advice

What happened? V-shaped recovery!

The Dow Jones surged to its all-time high for the first time after the virus slump. It has almost touched the 30 000 level! We must admit that it was one of the latest stock indices that made it, but in comparison to its peers, the Dow Jones was one of the most damaged. For example, it took 126 trading days for the S&P 500 to set a record high after the Covid-19 outbreak, 76 days for the Nasdaq, and 191 days for the DIJA. However, looking at its background, it was the fastest recovery from the crash in over 30 years.

Why? Vaccine hopes!

Upswings of the stock market are linked with the recent report from Moderna. The company claimed that its Covid-19 vaccine prevents infections by 94.5%. Notably, Pfizer and BioNTech revealed a similar report last week but revealed 90.0% effectiveness. Investors streamed their capital to undervalued stocks, those which were hit the most as they have a high potential to grow. Actually, that’s why the Dow Jones jumped so much this time.

What does it mean?

The stock market is often used as a prediction of what would happen with the economy in the near future. If the stock market rebounds and overruns the pre-pandemic levels, it means the total economic recovery is getting close as well. "Short-term, there is still major cause for concern, with covid cases mounting around the world," says CaxtonFX, "long-term, there is still MAJOR cause for optimism, with a potential way out of the crisis."

Technical tips

The Dow Jones is edging higher. The moving averages are in ascending order below the price, which proves the long-term uptrend. If it manages to break through the key psychological mark of 30 000, it may rise to fresh highs at the next round levels such as 30 500 and 31 000. In the opposite scenario, if it drops below the low of November 12 at 28 900, the way to the 50-day moving average of 28 000 will be clear.

*Remember that to trade the Dow Jones with FBS you should use Mini Dow Jones Futures, which is YM-20Z for the current period, which expires December 18. 

Dow_JonesDaily.png

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