- Dow Jones rose another 100 points on Monday with a thin bullish momentum.
- The US ISM PMI figures were more secure than it was believed in April, strengthening the market confidence.
- The investor's risk appetite is generally dense, as the US continues to fight its own trade expectations.
On Monday, Dow Jones's industrial medication (DJIA) rose another 100 points on Monday, expanding the continuing recovery of equity, even if the investor sentiment continues against the backdrop of continuously changing trade policies in the US administration. The Federal Reserve (Fed) is ready to give another interest rate call this week and Fed policy makers are expected to retain their approach. The mounting markets are another price this Wednesday.
The inconsistency of trade policy is still one big cloud that hangs over stock markets, keeping the bullish momentum in general. US Treasury Secretary Scott Bessent noted on Monday that the Trump administration is waiting for some kind of trade transaction to 17 trade partners United States (US) President Donald Trump's earlier allegations several weeks ago in more than 200 countries dealing with trade transactions. President Trump's own claims may have been too arrogant to achieve a goal, as only 195 countries are officially recognized in the world.
The numbers of the US ISM Services Managers Index (PMI) were much stronger than expected in April, rising to 51.6, bringing the forecast to 50.6 to 50.8. Hitting the company helped to strengthen the main shares of the industrial sector. However, the growth of the energy and general consumer goods sector was firmly offset by growth.
Read more about stock news: PALANTER STOCK PAUS Rally Before Monday Returns
Dow Jones price forecast
Monday's cautious but determined bullish breed has offered offers even closer to the 200-day exponential moving average (mother) 41,600. Dow Jones has recovered nearly 9.5% of its lowest lowest in April 21, the lowest lowest in its lowest lowest, closing green in all the last nine consecutive trading days.
Despite a specific technical recovery, DJIA will remain over 8%near the top 2025 of the 2025. As there are no specific technical negative signals, the top -of -the -art wedding is still a default positioning attitude, but the technical oscillators have begun to cross the overspipped conditions, which means that the Daily Dow Jones candles could be ready for breathing.
Dow Jones daily chart
Economic indicator
ISM SERVICES PMI
Its Delivery Management Institute (ISM) Monthly Services Purchase Managers Index (PMI) is a leading indicator of business evaluation in the US service sector, which accounts for most of the economy. The indicator is obtained in a study by the entire US delivery managers, based on the information they are collected in their organizations. The answers of the study will reflect the change in the current month compared to the next month. Reading over 50 shows that the economy is expanding in general, a USD (USD) bullish sign. Reading less than 50 indicates that the service sector has generally decreased, which is considered a bear for USD.
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