Earnings season heats up with major companies like Visa, Coca-Cola, Starbucks, UPS, and Pfizer reporting results. In Europe, HSBC announced a $3 billion share buyback, while BP shares dropped due to weaker cash flow.
In Canada, the Liberal Party is set to win a fourth term, but likely without a majority, which could lead to a coalition-style government.
Meanwhile, the Trump administration plans to ease auto tariffs on foreign parts used in U.S.-made vehicles, boosting Ford and GM shares in premarket trading.
Market Impact:
Watch for shifts in trade-sensitive sectors, supply chain plays (especially in tech), and defense stocks as geopolitical risk evolves.
Key Support and Resistance Levels
Resistance Level 1: 5670
Resistance Level 2: 5740
Resistance Level 3: 5820
Support Level 1: 5380
Support Level 2: 5310
Support Level 3: 5236
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 Canada, the Liberal Party is set to win a fourth term, but likely without a majority, which could lead to a coalition-style government.
Meanwhile, the Trump administration plans to ease auto tariffs on foreign parts used in U.S.-made vehicles, boosting Ford and GM shares in premarket trading.
Market Impact:
Watch for shifts in trade-sensitive sectors, supply chain plays (especially in tech), and defense stocks as geopolitical risk evolves.
Key Support and Resistance Levels
Resistance Level 1: 5670
Resistance Level 2: 5740
Resistance Level 3: 5820
Support Level 1: 5380
Support Level 2: 5310
Support Level 3: 5236
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.
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.