Fed Signals Rate Cut Ahead
US Federal Reserve Governor Christopher Waller called for a quarter-point interest rate cut this month, citing cooling inflation and minimal upside price risks. His dovish stance diverges from the broader FOMC consensus, which still views the labor market as resilient.
UK-Germany Defense Pact
UK PM Keir Starmer signaled potential alignment with Germany to purchase US weapons for Ukraine, following the signing of the “Kensington Treaty.” The accord emphasizes mutual defense cooperation, raising expectations of deeper UK involvement in European security initiatives.
Intel Concerns with Spain
US lawmakers raised concerns over intelligence sharing with Spain, due to the country's reliance on Huawei for its wiretap infrastructure, highlighting geopolitical tech tensions.
Trump Authorizes Epstein Testimony Release
President Donald Trump has authorized the release of grand jury testimony from the Epstein case, yielding to public and political pressure for greater transparency.
S&P 500 Outlook:
Waller’s call for a rate cut adds bullish momentum for equities, especially rate-sensitive sectors like tech and real estate. While geopolitical tensions and defense headlines introduce headline risk, the dovish Fed signal is likely to dominate sentiment in the near term. Expect S&P 500 support near 6207 with upside potential if more Fed officials echo Waller’s stance.
Key Support and Resistance Levels
Resistance Level 1: 6336
Resistance Level 2: 6383
Resistance Level 3: 6420
Support Level 1: 6207
Support Level 2: 6160
Support Level 3: 6113
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.
US Federal Reserve Governor Christopher Waller called for a quarter-point interest rate cut this month, citing cooling inflation and minimal upside price risks. His dovish stance diverges from the broader FOMC consensus, which still views the labor market as resilient.
UK-Germany Defense Pact
UK PM Keir Starmer signaled potential alignment with Germany to purchase US weapons for Ukraine, following the signing of the “Kensington Treaty.” The accord emphasizes mutual defense cooperation, raising expectations of deeper UK involvement in European security initiatives.
Intel Concerns with Spain
US lawmakers raised concerns over intelligence sharing with Spain, due to the country's reliance on Huawei for its wiretap infrastructure, highlighting geopolitical tech tensions.
Trump Authorizes Epstein Testimony Release
President Donald Trump has authorized the release of grand jury testimony from the Epstein case, yielding to public and political pressure for greater transparency.
S&P 500 Outlook:
Waller’s call for a rate cut adds bullish momentum for equities, especially rate-sensitive sectors like tech and real estate. While geopolitical tensions and defense headlines introduce headline risk, the dovish Fed signal is likely to dominate sentiment in the near term. Expect S&P 500 support near 6207 with upside potential if more Fed officials echo Waller’s stance.
Key Support and Resistance Levels
Resistance Level 1: 6336
Resistance Level 2: 6383
Resistance Level 3: 6420
Support Level 1: 6207
Support Level 2: 6160
Support Level 3: 6113
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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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.