U.S. futures rose and the dollar strengthened after Donald Trump eased concerns that had been weighing on markets. He stated he has no plans to fire Fed Chair Jerome Powell, despite ongoing frustrations over interest rates. While this helped calm nerves, Bloomberg's John Authers cautions against viewing it as a major shift in sentiment.
Trump also struck a more conciliatory tone on China, saying he intends to be “very nice” in trade talks and suggested tariffs could be lowered if a deal is reached—indicating a possible softening of his approach toward Beijing.
Key Support and Resistance Levels
Resistance Level 1: 19195
Resistance Level 2: 19600
Resistance Level 3: 20080
Support Level 1: 17820
Support Level 2: 17330
Support Level 3: 16700
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.
Trump also struck a more conciliatory tone on China, saying he intends to be “very nice” in trade talks and suggested tariffs could be lowered if a deal is reached—indicating a possible softening of his approach toward Beijing.
Key Support and Resistance Levels
Resistance Level 1: 19195
Resistance Level 2: 19600
Resistance Level 3: 20080
Support Level 1: 17820
Support Level 2: 17330
Support Level 3: 16700
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.