CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA500 Analysis

EU Session Analysis for CFD Instruments 02/06/2023

Fundamental analysis

02 June, 2023

The Nasdaq and S&P 500 surged to nine-month closing highs on Thursday as signs of slowing wage pressure raised hopes the Federal Reserve will pause hiking interest rates and investors cheered a vote in Congress to suspend the U.S. debt ceiling. The number of Americans filing new claims for unemployment benefits rose modestly last week, while private payrolls increased more than expected in May, pointing to a still tight labor market that could push the Fed to keep rates elevated. Leading the S&P 500 higher was a 5.1% gain in Nvidia Corp, though the chipmaker's surge on its forecast of greater AI-related revenue still fell short of pushing the company into the elite club of companies valued at $1 trillion or more. Meta rose, helping boost the Nasdaq after unveiling its next-generation mixed reality headset.

Technical analysis

USA500 Analysis Technical analysis 02/06/2023
Time Frame: 1 hour

USA500 Support & Resistance Table - 02/06/2023

Support & Resistance Level Explanation
Resistance 2 4268.23 Daily R2
Resistance 1 4254.88 Daily R1
Support 1 4219.28 Daily S1
Support 2 4205.93 Daily S2

USA500 Indicator Table - 02/06/2023

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USA500 Indicator / Period Table - 02/06/2023

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USA500 02/06/2023 - Reference Price : 4237.08

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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