Market news:
Only 13 hours after it came into effect, Trump announced the suspension of the reciprocal tariff policy for most economies for 90 days for negotiations. Trump also said that he had been considering the suspension in the past few days. He now suspends the reciprocal measures because he feels that everyone has overreacted, and seems a bit panicked and a bit scared. He will consider exempting some American companies; the White House said that a 10% global tariff will still be imposed during the negotiations, and previously announced industry tariffs such as automobiles, steel and aluminum are not included in the suspension.
Technical analysis:
Today's buying and selling boundaries:
3050.81
Support and resistance levels:
3179
3131
3100
3001
2970
2922
Trading strategy:
If the price breaks through 3100, consider buying, the first target price is 3131
If the price breaks through 3050, consider selling, the first target price is 3001
Only 13 hours after it came into effect, Trump announced the suspension of the reciprocal tariff policy for most economies for 90 days for negotiations. Trump also said that he had been considering the suspension in the past few days. He now suspends the reciprocal measures because he feels that everyone has overreacted, and seems a bit panicked and a bit scared. He will consider exempting some American companies; the White House said that a 10% global tariff will still be imposed during the negotiations, and previously announced industry tariffs such as automobiles, steel and aluminum are not included in the suspension.
Technical analysis:
Today's buying and selling boundaries:
3050.81
Support and resistance levels:
3179
3131
3100
3001
2970
2922
Trading strategy:
If the price breaks through 3100, consider buying, the first target price is 3131
If the price breaks through 3050, consider selling, the first target price is 3001
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.