Forex Signals Brief April 9: Can S&P 500 Make the Break Today and Close A great Week?
Stock markets have resumed the upward trend, with S&P 500 testing resistance, which could be broken today is sentiment remains positive.
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Last updated: Wednesday, June 4, 2025
Quick overview
- Stock markets are on an upward trend, with the S&P 500 testing resistance levels amid positive sentiment.
- The Bank of England cut interest rates by 25 basis points, aligning with expectations but disappointing some who anticipated a larger cut.
- The US and UK announced a new trade agreement expected to create $5 billion in opportunities for US exporters, while maintaining a 10% tariff on goods.
- Bitcoin surged over 6% to surpass $103,850, marking a significant recovery, while Ethereum rebounded to over $2,200 after a prolonged downtrend.
Stock markets have resumed the upward trend, with S&P 500 testing resistance, which could be broken today is sentiment remains positive.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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