- The bullish recovery sees the market trade in fresh 2.5-month highs.
- The S&P 500 breaks above the 3000 critical resistance.
S&P 500 daily chart
Following the February-March crash, the S&P 500 is recovering most of its losses. The index is trading in fresh 2.5-month highs above the main SMA on the daily chart. As buyers broke the critical 3000 mark, a run to the 3075/3100 price zone in the medium-term cannot be ruled out. On the other hand, support can emerge the 2960 and 2900 levels initially.
Additional key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD posts small gains near 1.0400 ahead of Eurozone inflation data
EUR/USD is trading with modest gains at around 1.0400 in the European trading hours on Tuesday. The sustained US Dollar weakness and profit-taking ahead of the Eurozone inflation data underpin the pair. US ISM Services PMI and Job Openings data are also awaited.
GBP/USD stays firm toward 1.2550 amid weaker US Dollar
GBP/USD keeps its bid tone intact, eyeing 1.2550 in Tuesday's European morning. The pair's advance is driven by a broadly subdued US Dollar but the further upisde could be capped by a mixed market mood heading into the US data releases.
Gold price bulls seem non-committed amid Fed's hawkish signal
Gold price attracts haven flows amid worries about Trump’s tariff plans. The Fed’s hawkish stance and elevated US bond yields cap the XAU/USD. Traders keenly await FOMC minutes and US NFP releases later this week.
Solana Price Forecast: Open Interest reaches an all-time high of $6.48 billion
Solana price trades slightly down on Tuesday after rallying more than 12% the previous week. On-chain data hints for rallying continuation as SOL’s open interest reaches a new all-time high of $6.48 billion on Tuesday.
Five fundamentals for the week: Nonfarm Payrolls to keep traders on edge in first full week of 2025 Premium
Did the US economy enjoy a strong finish to 2024? That is the question in the first full week of trading in 2025. The all-important NFP stand out, but a look at the Federal Reserve and the Chinese economy is also of interest.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.