Forex Analysis & Reviews: 24.03.2025 - Markets Are Tired of...

Live Chat

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

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

OYS account

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

InstaForex Loprais Team - Official participant of the Dakar rally

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)

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:

#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.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.