๐ฎ ๐ฎ
๐ Market-Moving News ๐:
๐บ๐ธ๐ Implementation of New U.S. Tariffs: As of April 9, the U.S. has imposed a 104% tariff on Chinese goods, escalating trade tensions and raising concerns about a potential global economic slowdown.
๐ข๏ธ๐ Oil Prices Decline Sharply: In response to escalating trade tensions, oil prices have fallen nearly 4%, reaching their lowest levels since early 2021. Brent crude dropped to $60.69 per barrel, while West Texas Intermediate (WTI) declined to $57.22.
๐ Key Data Releases ๐
๐ Wednesday, April 9:
๐ฆ Wholesale Inventories (10:00 AM ET):
Forecast: 0.3%โ
Previous: 0.8%โ
Indicates the change in the total value of goods held in inventory by wholesalers, reflecting supply chain dynamics.โ
๐ฃ๏ธ Richmond Fed President Tom Barkin Speaks (11:00 AM ET):
Remarks may shed light on economic conditions and policy perspectives.โ
๐ FOMC Meeting Minutes Release (2:00 PM ET):
Provides detailed insights into the Federal Reserve's monetary policy deliberations from the March meeting.โ
โ ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ
๐ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
๐ Market-Moving News ๐:
๐บ๐ธ๐ Implementation of New U.S. Tariffs: As of April 9, the U.S. has imposed a 104% tariff on Chinese goods, escalating trade tensions and raising concerns about a potential global economic slowdown.
๐ข๏ธ๐ Oil Prices Decline Sharply: In response to escalating trade tensions, oil prices have fallen nearly 4%, reaching their lowest levels since early 2021. Brent crude dropped to $60.69 per barrel, while West Texas Intermediate (WTI) declined to $57.22.
๐ Key Data Releases ๐
๐ Wednesday, April 9:
๐ฆ Wholesale Inventories (10:00 AM ET):
Forecast: 0.3%โ
Previous: 0.8%โ
Indicates the change in the total value of goods held in inventory by wholesalers, reflecting supply chain dynamics.โ
๐ฃ๏ธ Richmond Fed President Tom Barkin Speaks (11:00 AM ET):
Remarks may shed light on economic conditions and policy perspectives.โ
๐ FOMC Meeting Minutes Release (2:00 PM ET):
Provides detailed insights into the Federal Reserve's monetary policy deliberations from the March meeting.โ
โ ๏ธ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.โ
๐ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
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