CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 79% 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. 79% 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.

US OPEN: Wall Street Surges

16:10 24 March 2020

•  Investors remain focused on fiscal stimulus efforts and recent FOMC action
• Positive sentiment returned to the markets
• IHS Markit (INFO.US) share price went up 5%


US indices soared more than 5% higher today after FED announced  massive asset purchase program yesterday. This move caused weakening of the US dollar and improved sentiment in the markets. Investors are hoping that US Congress will pass a coronavirus stimulus bill to offset economic impact from the global pandemic, therefore today trading session might be volatile. US PMI reading for March dropped to its lowest ever level in March at 40.5 which indicates sharp contraction, however this fact was overlooked by the investors. Meanwhile, the number of confirmed infections in the US passed 46000 and more states announced lockdowns.

S&P500 (US 500) – managed to break above major level located at 2319 pts. If the positive sentiment remains on the markets then the index might test the local resistance at 2436 pts. Source: xStation5


Chevron (CVX.US) – announced that will lower its capital spending plans for 2020 by 20%. The company decided to  cut costs in  response to the slide in oil prices. Chevron is also suspending its share buyback program, however dividends will remain untouched.

Chevron (CVX.US) – share price bounced of the major support level located at $55.97 per share and currently is testing local resistance at $66.50 per share. Source:xStation5


IHS Markit (INFO.US) – company reported quarterly profit of 66 cents per share, 2 cents a share above market expectations. Revenue came in essentially in line with forecasts. The financial information provider is expecting double-digit earnings growth this year. The Company management has a strong plan to deal with changing market dynamics. Company’s shares gained 5% during extended trading hours.

IHS Markit (INFO.US) – share price rebound from the local support zone at $49.33 per share, which is additionally being strengthened by the 200-session moving average (red line). The price is currently testing resiistance zone at $56.29 per share. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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