NSDQ100 INTRADAY at pivotal level ?Tariffs & Trade:
The Trump administration is exploring ways to push through import tariffs, possibly including a temporary 15% tariff for 150 days.
A federal appeals court has paused a suspension of the tariffs for now.
Markets:
US stocks are holding up well. The S&P 500 is on track for its best May since 1990.
However, June may be weaker, and futures suggest a quieter trading day ahead.
Federal Reserve & Tax Concerns:
President Trump urged Fed Chair Jerome Powell to cut interest rates in a recent meeting.
Wall Street is uneasy about a tax measure in Trump’s bill that may increase taxes on foreign investors in US assets.
Europe:
The European Central Bank is expected to cut interest rates next week and again in September, possibly settling at 1.75% until the end of 2026.
Bank of England Governor Andrew Bailey pushed for a stronger EU trade deal and emphasized a slow and cautious approach to rate cuts.
Geopolitics:
Russia hasn’t provided a peace talk agenda to Ukraine or its allies.
Hamas is reviewing a US-backed ceasefire plan but says it doesn’t yet meet its demands.
Key Support and Resistance Levels
Resistance Level 1: 21850
Resistance Level 2: 22050
Resistance Level 3: 22200
Support Level 1: 21000
Support Level 2: 20770
Support Level 3: 20560
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.
