Dow Jones: Tariffs hit, next move awaits jobs data !
This week's trading had a significant impact on the Dow Jones Index and its recent upward trend. After US President Donald Trump threatened to impose tariffs on both Canada and Mexico over the weekend, US indices, including the Dow Jones, declined. The Dow reversed its upward trend and recorded a new low, just below 44,579.
Traders should monitor the current resistance levels at 44,700 and 44,800, as they present selling pressures that could extend the downward trend toward 44,108.
Conversely, a price increase above 45,072, accompanied by a daily candlestick closing above this level, would shift the outlook from negative to positive. This could open the door for further gains in the Dow Jones Index, potentially reaching new historical highs.
Note:
Markets are awaiting US employment data, set to be released today. Expectations indicate a decline in non-farm employment to 154,000, while the unemployment rate is expected to remain unchanged at 4.1%. These figures are highly influential on market movements and the U.S. dollar.
Traders should monitor the current resistance levels at 44,700 and 44,800, as they present selling pressures that could extend the downward trend toward 44,108.
Conversely, a price increase above 45,072, accompanied by a daily candlestick closing above this level, would shift the outlook from negative to positive. This could open the door for further gains in the Dow Jones Index, potentially reaching new historical highs.
Note:
Markets are awaiting US employment data, set to be released today. Expectations indicate a decline in non-farm employment to 154,000, while the unemployment rate is expected to remain unchanged at 4.1%. These figures are highly influential on market movements and the U.S. dollar.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.