A fragile ceasefire is in place between the U.S. and Iran, but both sides are still blaming each other for missile attacks. Tensions remain high, especially as Iran’s stockpile of near-weapons-grade uranium is missing. Markets were shaken—stocks gave back some gains and oil prices dipped after Israel threatened to respond.
In business news, Nvidia’s CEO Jensen Huang began selling shares as part of a plan worth up to $865 million. Starbucks denied it's selling its China business, and Northern Trust said it won’t merge with BNY Mellon.
Fed Chair Jerome Powell will speak to Congress today, likely defending the decision to keep interest rates steady until at least September, despite pressure from Trump for major cuts.
NATO leaders are meeting in the Netherlands, with talks focused on defense spending. Trump is expected to push allies to meet the 5% target.
Key Support and Resistance Levels
Resistance Level 1: 6115
Resistance Level 2: 6147
Resistance Level 3: 6180
Support Level 1: 5980
Support Level 2: 5950
Support Level 3: 5910
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
In business news, Nvidia’s CEO Jensen Huang began selling shares as part of a plan worth up to $865 million. Starbucks denied it's selling its China business, and Northern Trust said it won’t merge with BNY Mellon.
Fed Chair Jerome Powell will speak to Congress today, likely defending the decision to keep interest rates steady until at least September, despite pressure from Trump for major cuts.
NATO leaders are meeting in the Netherlands, with talks focused on defense spending. Trump is expected to push allies to meet the 5% target.
Key Support and Resistance Levels
Resistance Level 1: 6115
Resistance Level 2: 6147
Resistance Level 3: 6180
Support Level 1: 5980
Support Level 2: 5950
Support Level 3: 5910
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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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.