US stock market on April 8, 2021

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S&P 500

The market is flat at the moment. The market ignored the results of the FOMC minutes yesterday. Today, market participants are awaiting the weekly US employment report. Currently, the unemployment rate fell to 6%.

Asian stock market during early trading today: Japan's stocks fell by 0.4%, China's stocks gained 0.15%.

DJ is at 33,453 and is forecast to be in the 33,100 - 33,700 range.

Today, WTI dropped by 0.5% to $59.50. It is expected to trade at $58.00 – 61.00 per barrel. Crude oil is likely to fall due to an increase in new COVID-19 infections in Europe and the United States

The USD/CAD pair was trading at 1.2605. The greenback strengthened against the loonie despite the general decline of the US dollar in the market. Most likely, the US dollar will try to go above 1.2710. The pair is forecast to be in the 1.2600 – 1.2710 range.

The US dollar index was at 92.35. It encountered support at 92.00 as it had been expected. It is likely to be in the 91.80 – 92.50 range.

The material has been provided by InstaForex Company - www.instaforex.com

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