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
26.10.2022 03:23 PM
Bullish sentiment is very fragile
Open trading account Open demo account

Although it is obvious to everyone that recent US data has not changed expectations that the Fed will raise interest rates by 75 basis points next month, rumors that the policy of aggressive tightening may come to an end next year persist. Analysts also predict problems in Europe: tomorrow, the European Central Bank is expected to sharply raise rates by 75 basis points at once – although many economists now believe that a recession has begun in the eurozone.

This image is no longer relevant

Thus, the observed bullish sentiment is very fragile, which will keep the market volatility at a fairly significant level. All attention will continue to be focused on the cycle of changes in interest rates on a global scale, as well as on how inflation will behave further.

In this regard, a lot will depend on the energy market and the prices formed there. Oil continues to fluctuate within the channel after a report that showed an increase in crude oil inventories in the United States. Many investors are concerned about the decline in demand amid slowing economic growth. Gold rose as lower Treasury bond yields supported the precious metal.

Premarket

As for the tech giants' reports, Alphabet shares fell 6% in premarket trading after the company reported lower-than-expected quarterly profit and revenue. Alphabet's Google division has seen slower sales growth for the fifth quarter in a row, and advertising revenue on YouTube has fallen for the first time since the company began publishing the results of the new division.

Microsoft securities also lost 6.5% in the premarket after quarterly results, despite exceeding the forecast for net profit. Microsoft expects a significant decline in sales of personal computers, which, in turn, will continue to affect sales of its Windows operating system. The company also predicts the negative impact of a stronger US dollar.

Boeing shares gained 1% in the premarket, despite reporting unexpected quarterly losses and earnings that were below economists' forecasts. The aircraft manufacturer maintained its annual forecast despite difficulties with increasing the production of commercial aircraft.

Hilton Securities gained 2% in the premarket after the company reported a higher-than-expected quarterly profit and raised its annual forecast. The hotel operators continue to benefit from the high travel demand.

Harley shares gained about 2.5% as rising shipments and high prices helped the iconic motorcycle maker beat estimates on the upper and lower indicators in its quarterly results.

Visa reported higher-than-expected profit and revenue for the third quarter. This happened as a result of an increase in the volume of payments. Visa shares rose 1.8% in premarket trading.

As for the technical picture of the S&P500, after yesterday's growth, the day did not start very well. The main task for buyers now is to protect the support: $3,808. As long as trading is conducted above this level, we can expect continued demand for risky assets. This will also create good prerequisites for further strengthening of the trading instrument and a breakout of $3,835. Only such a scenario will strengthen the hope for an upward correction with an exit to the resistance level of $3,861. The furthest target will be in the area of $3,905. In the case of a downward movement, buyers are simply obliged to declare themselves in the area of $3,808 and $3,773. A breakdown of these ranges will quickly push the trading instrument to both $3,735 and $3,699, as well as open up the possibility of updating the support of $3,661.

Jakub Novak,
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
Analytical News
US Market News Digest for May 2 US equity indices continue to climb despite lingering economic uncertainty. Investor optimism is being driven by expectations of progress in trade talks between the US and China. Nevertheless, ongoing economic
Ekaterina Kiseleva
13:14 2025-05-02 +02:00
1150
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session) Trade Analysis and Advice for the Japanese Yen The test of the 145.05 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited
Jakub Novak
12:24 2025-05-02 +02:00
1435
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 market: GDP shrinks, but Wall Street climbs

S&P 500 Overview for May 1 GDP contracts, but US market climbs Key US indices on Friday: Dow +0.4%, NASDAQ -0.1%, S&P 500 +0.2%, S&P 500: 5,560, trading range: 5,150–5,800
Jozef Kovach 12:19 2025-05-01 UTC+2

Stock Market for April 30th: S&P 500 and NASDAQ Continue Clinging to Any Positive News

At the close of the previous regular session, U.S. stock indices finished in positive territory. The S&P 500 rose by 0.58%, and the Nasdaq 100 gained 0.55%. The Dow Jones
Jakub Novak 11:10 2025-04-30 UTC+2

The Stock Market Rally Should Not Be Misleading

The wave pattern on the 24-hour chart of the #SPX looks generally clear. The global five-wave structure doesn't even fit into the terminal window at its smallest scale. In simple
Chin Zhao 11:17 2025-04-29 UTC+2

Stock Market for April 29th: S&P 500 and NASDAQ Still Have Growth Potential

At the close of the previous regular session, U.S. stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.10%. The Dow Jones Industrial
Jakub Novak 10:59 2025-04-29 UTC+2

Stock Market Update for April 28th: S&P 500 and NASDAQ Pause Their Advance

In the previous regular session, U.S. stock indices closed higher. The S&P 500 gained 0.74%, the Nasdaq 100 rose 1.26%, and the Dow Jones Industrial Average edged up by 0.05%
Jakub Novak 09:06 2025-04-28 UTC+2

Stock Market on April 25th: S&P 500 and NASDAQ Resume Growth

At the close of the last regular session, U.S. stock indices ended higher. The S&P 500 rose by 2.03%, while the Nasdaq 100 gained 2.74%. The Dow Jones Industrial Average
Jakub Novak 11:27 2025-04-25 UTC+2

US Stock Market on April 24: S&P 500 and NASDAQ lose momentum after rally

Following the previous regular session, US stock indices closed higher. The S&P 500 gained 1.67%, the Nasdaq 100 rose by 2.50%, and the Dow Jones Industrial Average increased by 1.07%
Jakub Novak 11:41 2025-04-24 UTC+2

Trump Eases Pressure on China

The wave pattern on the 24-hour chart for #SPX is generally clear. The global five-wave structure doesn't even fit on the terminal screen at the smallest scale. In simple terms
Chin Zhao 10:34 2025-04-24 UTC+2

Stock market review for April 22: S&P 500 and Nasdaq extend losses

The US stock market closed lower in the most recent regular session. The S&P 500 fell by 2.36%, while the Nasdaq 100 lost 2.45%. The Dow Jones Industrial Average dropped
Jakub Novak 11:26 2025-04-22 UTC+2

Stock Market Update for April 21st: S&P 500 and NASDAQ Resume Decline Amid New Rumors

At the close of the previous regular session, U.S. stock indices ended mixed. The S&P 500 gained 0.13%, while the Nasdaq 100 slipped 0.13%. The industrial Dow Jones dropped 1.33%
Jakub Novak 11:57 2025-04-21 UTC+2

Top analytics

Relevance up to 03:00 2025-05-04 UTC--4
The Process Has Begun. China Is Ready for Trade Talks (There's a Chance of Renewed Decline in Gold and EUR/USD Prices)
09:43 2025-05-02
Fundamental analysis
Relevance up to 06:00 2025-05-03 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session)
12:24 2025-05-02
Forecast
Relevance up to 00:00 2025-05-03 UTC--4
Intraday Strategies for Beginner Traders on May 2
06:49 2025-05-02
Forecast
Relevance up to 21:00 2025-05-02 UTC--4
EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last
03:47 2025-05-02
Fundamental analysis
Relevance up to 06:00 2025-05-03 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session)
12:17 2025-05-02
Forecast
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.