US equities were little changed Monday. Nvidia (-0.35%) and AMD (-0.28%) slipped after agreeing to pay 15% of Chinese AI chip sales revenue to the US government in exchange for export licenses — a deal Trump confirmed, adding he may allow a scaled-down Blackwell chip to be sold in China. The Philadelphia Semiconductor Index fell -0.13%, cushioned by Intel (+3.51%) after its CEO met with Trump. The Mag-7 (-0.09%) saw slight outperformance, led by Tesla (+2.85%).
Trump extended the US–China tariff truce by 90 days to November 10, keeping additional tariffs at 30%. China matched the extension.
The Fed chair search now includes vice chairs Bowman and Jefferson, plus Dallas Fed President Logan. Trump appointed EJ Antoni (Heritage Foundation) to lead the Bureau of Labor Statistics.
Markets await today’s US CPI, which could influence Fed rate-cut bets, while gold traders look for clarity after Trump said gold imports won’t be tariffed.
Key Support and Resistance Levels
Resistance Level 1: 6437
Resistance Level 2: 6480
Resistance Level 3: 6520
Support Level 1: 6340
Support Level 2: 6295
Support Level 3: 6256
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 extended the US–China tariff truce by 90 days to November 10, keeping additional tariffs at 30%. China matched the extension.
The Fed chair search now includes vice chairs Bowman and Jefferson, plus Dallas Fed President Logan. Trump appointed EJ Antoni (Heritage Foundation) to lead the Bureau of Labor Statistics.
Markets await today’s US CPI, which could influence Fed rate-cut bets, while gold traders look for clarity after Trump said gold imports won’t be tariffed.
Key Support and Resistance Levels
Resistance Level 1: 6437
Resistance Level 2: 6480
Resistance Level 3: 6520
Support Level 1: 6340
Support Level 2: 6295
Support Level 3: 6256
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.
Trade active
US Supercore CPI YoY: 3.21%, prior 3.02% | US Supercore CPI MoM: 0.48%, prior 0.21%US short-term interest-rate futures down after CPI data, traders keep bets on September and December Fed rate cuts.
Traders add to bets on fed rate cut in September.
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.