President Trump rejected a Pentagon intelligence report suggesting his airstrikes on Iran had limited effect, claiming they caused “total obliteration,” despite inconclusive satellite imagery. In a surprising move that weakens longstanding US sanctions, Trump also allowed China to resume purchases of Iranian oil.
Federal Reserve Chair Jerome Powell reiterated that the current inflation outlook supports holding interest rates steady. He is expected to provide further detail in testimony before the Senate Banking Committee today.
Markets responded calmly: stock futures were steady as the Israel-Iran truce held, and oil prices rose slightly after their sharpest two-day drop since 2022.
Separately, the UK announced plans to purchase 12 US-made F-35A fighter jets capable of carrying nuclear weapons, in a bid to strengthen ties with Trump. NATO allies are working diplomatically to reassure the US of their unity, ahead of a summit in The Hague.
Key Support and Resistance Levels
Resistance Level 1: 22380
Resistance Level 2: 22500
Resistance Level 3: 22690
Support Level 1: 21950
Support Level 2: 21810
Support Level 3: 21680
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.
Federal Reserve Chair Jerome Powell reiterated that the current inflation outlook supports holding interest rates steady. He is expected to provide further detail in testimony before the Senate Banking Committee today.
Markets responded calmly: stock futures were steady as the Israel-Iran truce held, and oil prices rose slightly after their sharpest two-day drop since 2022.
Separately, the UK announced plans to purchase 12 US-made F-35A fighter jets capable of carrying nuclear weapons, in a bid to strengthen ties with Trump. NATO allies are working diplomatically to reassure the US of their unity, ahead of a summit in The Hague.
Key Support and Resistance Levels
Resistance Level 1: 22380
Resistance Level 2: 22500
Resistance Level 3: 22690
Support Level 1: 21950
Support Level 2: 21810
Support Level 3: 21680
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.