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FX.co ★ 04.05.2021: US stocks booming. Time to take profit? (S&P500, DXY, USD/CAD, BTC/USD)

04.05.2021: US stocks booming. Time to take profit? (S&P500, DXY, USD/CAD, BTC/USD)

The US manufacturing PMI by the Institute for Supply management released yesterday declined to 60.7 in April, worse than expected. Nevertheless, this hardly makes any impact on the US dollar for the short term. The actual index remains at elevated levels. This week, the US stock market is likely to trade quietly. Is the long-awaited correction just around the corner? It seems that US stocks have reached their peak.

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