Trump Softens Tariff Stance:
Trump said the Aug. 1 tariff deadline isn’t firm, easing fears of an immediate trade war. US equity futures rose on hopes for more negotiation. Japan criticized the planned 25% tariff, calling it “truly regrettable.”
Texas Floods – Trump to Visit:
Over 100 people died in the Texas floods, including 27 children. Trump said he’ll visit the state Friday to support recovery efforts. The news may draw attention to infrastructure and emergency response spending.
Apple Loses AI Chief to Meta:
Apple’s AI lead, Ruoming Pang, is leaving for Meta’s new AI unit. This raises more questions about Apple’s AI strategy, while Meta’s aggressive hiring supports its tech edge.
US Resumes Ukraine Weapons Aid:
Biden will restart weapons shipments to Ukraine, reversing a previous pause. This could support defense stocks, though broader market impact is limited for now.
Takeaway:
Markets welcomed Trump’s trade flexibility, lifting sentiment. Watch tech and industrials as traders react to shifts in AI leadership and trade policy.
Key Support and Resistance Levels
Resistance Level 1: 6290
Resistance Level 2: 6340
Resistance Level 3: 6400
Support Level 1: 6180
Support Level 2: 6120
Support Level 3: 6065
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 said the Aug. 1 tariff deadline isn’t firm, easing fears of an immediate trade war. US equity futures rose on hopes for more negotiation. Japan criticized the planned 25% tariff, calling it “truly regrettable.”
Texas Floods – Trump to Visit:
Over 100 people died in the Texas floods, including 27 children. Trump said he’ll visit the state Friday to support recovery efforts. The news may draw attention to infrastructure and emergency response spending.
Apple Loses AI Chief to Meta:
Apple’s AI lead, Ruoming Pang, is leaving for Meta’s new AI unit. This raises more questions about Apple’s AI strategy, while Meta’s aggressive hiring supports its tech edge.
US Resumes Ukraine Weapons Aid:
Biden will restart weapons shipments to Ukraine, reversing a previous pause. This could support defense stocks, though broader market impact is limited for now.
Takeaway:
Markets welcomed Trump’s trade flexibility, lifting sentiment. Watch tech and industrials as traders react to shifts in AI leadership and trade policy.
Key Support and Resistance Levels
Resistance Level 1: 6290
Resistance Level 2: 6340
Resistance Level 3: 6400
Support Level 1: 6180
Support Level 2: 6120
Support Level 3: 6065
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.