Geopolitics & Markets:
Donald Trump left the G-7 early, denying it was to negotiate peace between Israel and Iran. He floated sending JD Vance or Steven Witkoff for talks but denied direct outreach to Iran.
Tensions escalated as Israel bombarded Iran, which retaliated with missiles and drones. Trump briefly alarmed markets by calling for the evacuation of Tehran.
Oil prices rose and equity futures fell amid rising geopolitical risks. A tanker collision near the UAE added to oil market jitters.
Deutsche Bank warned oil could hit $120 if the Strait of Hormuz is disrupted.
Tech & AI:
Meta is working with Scale AI’s Alexander Wang to accelerate its AI strategy. The stock is near record highs after a strong rebound, boosted by investor optimism over Zuckerberg’s AI push.
SoftBank raised $4.8B by selling T-Mobile US shares to help fund AI ventures. It’s leading a massive $40B funding round for OpenAI, which just secured a U.S. defense contract.
U.S. Politics & Tax Policy:
Senate Republicans revised Trump’s tax plan, softening the controversial "revenge tax" to ease concerns about foreign investment. An Australian asset manager cited the tax in freezing U.S. investments.
Lawmakers left the SALT cap unchanged for now, keeping the $10,000 limit while further debate continues.
Key Support and Resistance Levels
Resistance Level 1: 6,058
Resistance Level 2: 6,138
Resistance Level 3: 6,200
Support Level 1: 5,953
Support Level 2: 5,913
Support Level 3: 5,845
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.
Donald Trump left the G-7 early, denying it was to negotiate peace between Israel and Iran. He floated sending JD Vance or Steven Witkoff for talks but denied direct outreach to Iran.
Tensions escalated as Israel bombarded Iran, which retaliated with missiles and drones. Trump briefly alarmed markets by calling for the evacuation of Tehran.
Oil prices rose and equity futures fell amid rising geopolitical risks. A tanker collision near the UAE added to oil market jitters.
Deutsche Bank warned oil could hit $120 if the Strait of Hormuz is disrupted.
Tech & AI:
Meta is working with Scale AI’s Alexander Wang to accelerate its AI strategy. The stock is near record highs after a strong rebound, boosted by investor optimism over Zuckerberg’s AI push.
SoftBank raised $4.8B by selling T-Mobile US shares to help fund AI ventures. It’s leading a massive $40B funding round for OpenAI, which just secured a U.S. defense contract.
U.S. Politics & Tax Policy:
Senate Republicans revised Trump’s tax plan, softening the controversial "revenge tax" to ease concerns about foreign investment. An Australian asset manager cited the tax in freezing U.S. investments.
Lawmakers left the SALT cap unchanged for now, keeping the $10,000 limit while further debate continues.
Key Support and Resistance Levels
Resistance Level 1: 6,058
Resistance Level 2: 6,138
Resistance Level 3: 6,200
Support Level 1: 5,953
Support Level 2: 5,913
Support Level 3: 5,845
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.