empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
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
24.03.2025 10:23 AM
Markets Are Tired of Falling. Investors Look for Growth Triggers (CFD contracts on #SPX and #NDX futures may rise on positive U.S. economic data)
Open trading account Open demo account

Global financial markets continue to swing back and forth amid uncertainty over the actual impact on the economies of various countries targeted by Donald Trump's tariff hikes, which have prompted retaliatory measures in return.

The spring corporate earnings season in the U.S. is going relatively well. Overall, companies are reporting positively, which should instill optimism among investors. However, this has not translated into a consistent upward movement in the indices. The persistent focus on tariffs pushed by the U.S. president remains the main reason, as Trump continues using aggressive geopolitical tactics to force his key trading partners to foot the bill for America's economic recovery. Despite this, the stock market has managed to stay afloat, as corporate earnings show, but recent economic activity data—particularly in manufacturing—have done little to inspire further optimism.

Today's release of PMI data for the manufacturing and services sectors is particularly noteworthy. According to consensus forecasts, the U.S. Manufacturing PMI is expected to slow from 52.7 to 51.9 in March. However, it is still projected to remain above the 50-point threshold, signaling continued expansion in the U.S. real economy. Meanwhile, the Services PMI is expected to rise from a preliminary 51.0 to 51.2, which would also be a positive sign—assuming the figures meet or exceed expectations.

The tariff issue appears to be nearing its peak, with April 2 marking the deadline for Trump to implement his promised sweeping import duties. Interestingly, futures on the three main U.S. stock indices opened with an upward gap today, indicating that markets have already priced in the tariff topic. At the same time, investors believe that Trump may not follow through with the tariffs. As mentioned earlier, his goal is to pressure trade partners into paying more than the U.S. does, thereby reducing the trade deficit and easing the fiscal burden—steps that would undoubtedly support domestic economic growth.

If today's PMI reports meet or exceed expectations, they could provide local support for the U.S. stock market, which may also benefit global equity indices. And if the April 2 tariffs are delayed or softened, a rebound in the U.S. stock market this week could turn into a more significant rally, accompanied by a strong upside in major stock indices.

This scenario seems realistic, provided the PMI data show positive momentum. That would help calm investors' fears of an imminent recession in the U.S. economy.

Forecast of the Day:

This image is no longer relevant

This image is no longer relevant

#SPX

The CFD contract for S&P 500 futures opened with a gap up today, signaling a positive market outlook ahead of key PMI reports. If the data meets expectations or shows further growth, the contract may rise. A breakout above the resistance level at 5711.85 could lead to an increase towards 5773.65, with an entry point suggested at 5721.47.

#NDX

For the NASDAQ 100 futures, the CFD contract also opened with a gap up, reflecting optimistic expectations surrounding today's key PMI data. If the figures meet or exceed forecasts and show upward momentum, this could boost demand for the contract. A potential target could be set at 20239.80 upon breaking through the resistance at 19946.00, with an entry point suggested at 19977.00.

Pati Gani,
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
1855
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
2155
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

EUR/USD: Analysis and Forecast

The EUR/USD pair is attracting buyers today, breaking a three-day losing streak and attempting to build intraday momentum above the psychological 1.1300 level. This indicates a renewed interest from buyers
Irina Yanina 11:59 2025-05-02 UTC+2

U.S. Labor Market Data Could Be a Major Disappointment

Employment growth in the U.S. likely slowed in April, although the unemployment rate is expected to remain unchanged, pointing to healthy but moderate demand for labor. However, the Trump administration's
Jakub Novak 10:08 2025-05-02 UTC+2

The ECB Has No Other Choice

The European currency continues to lose ground against the U.S. dollar as traders increasingly place bets on the European Central Bank's upcoming monetary policy decisions. According to data, the chances
Jakub Novak 10:03 2025-05-02 UTC+2

China Has Finally Responded

The euro, the pound, and other risk assets reacted with gains following statements from Chinese authorities that they are assessing the possibility of trade negotiations with the United States—marking
Jakub Novak 09:57 2025-05-02 UTC+2

The Process Has Begun. China Is Ready for Trade Talks (There's a Chance of Renewed Decline in Gold and EUR/USD Prices)

Trading on the last day of the week is unfolding positively. News that China is ready to begin negotiations has inspired investors to buy risk assets and weakened the U.S
Pati Gani 09:43 2025-05-02 UTC+2

The Market Enters Turbulent Waters

The market is confident that tariffs won't materialize or that companies can pass them on to customers. The S&P 500's eight-day rally—its longest since August—strongly hints at this. So does
Marek Petkovich 09:24 2025-05-02 UTC+2

What to Pay Attention to on May 2? A Breakdown of Fundamental Events for Beginners

Only a few macroeconomic events are scheduled for Friday, but some are quite significant. Naturally, the focus is on the U.S. NonFarm Payrolls and unemployment rate, yet it's also important
Paolo Greco 09:14 2025-05-02 UTC+2

GBP/USD Overview – May 2: The U.S. Dollar Didn't Rise for Long

On Thursday, the GBP/USD currency pair continued to decline. The dollar had strengthened for three consecutive days—despite having no objective reason. U.S. macroeconomic data has been consistently weak; there were
Paolo Greco 03:50 2025-05-02 UTC+2

EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last

On Thursday, the EUR/USD currency pair once again traded relatively calmly, but the U.S. dollar failed to show any meaningful growth this time. A little bit of good news goes
Paolo Greco 03:47 2025-05-02 UTC+2

USD/JPY: A Rough Patch for the Yen

At its latest meeting, the Bank of Japan kept all key policy settings unchanged, effectively implementing the most expected baseline scenario—despite earlier conflicting statements from central bank officials
Irina Manzenko 01:19 2025-05-02 UTC+2

Top analytics

Relevance up to 08:00 2025-05-06 UTC--4
The Dollar Demands the Impossible
01:02 2025-05-02
Fundamental analysis
Relevance up to 11:00 2025-05-15 UTC--4
Trading Signals for GOLD (XAU/USD) for May 1-3, 2025: buy above $3,203 (200 EMA - 5/8 Murray)
17:49 2025-05-01
Technical analysis
Relevance up to 03:00 2025-05-05 UTC--4
US market: modest but positive move
13:38 2025-05-02
Stock Markets
Relevance up to 03:00 2025-05-07 UTC--4
The Market Enters Turbulent Waters
09:24 2025-05-02
Fundamental analysis
Relevance up to 02:00 2025-05-06 UTC--4
Market pins blame on former president
12:01 2025-05-01
Fundamental analysis
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.