Another 48h - Tends To Be A Bullish Start In This Week In DXY

2025/02/10 - 7th Calendar Week 2025
Another 48h - Tends To Be A Bullish Start In This Week In DXY
“the upward trend from Dec. `24 & Jan. `25 is in danger this week!
us inflation data? us retail sales? do they play a role? `or only tariffs?”

After the latest setback, WallStreet started the new stock market week with moderate profits. Despite new tariff announcements by Donald Trump, investors remained calm for the time being. "The European Commission on Monday pledged to respond to the U.S. President Donald Trump’s threatened imposition of 25 percent tariffs on steel and aluminum, slamming them as “unlawful” and “counterproductive.” By imposing tariffs, the U.S. would be taxing its own citizens, raising costs for business, and fueling inflation. Furthermore, tariffs heighten economic uncertainty and disrupt the efficiency and integration of global markets", the Commission said in a statement. On Sunday, the U.S. President had tariffs of +25% on imports of steel and aluminum, which will affect all countries. Politico, for example, also published an article worth reading with the headline “EU vows to react to Trump’s ‘unlawful’ tariffs”.

However, the Dow Jones Industrial closed Monday up +0.38% at 44,470.41 points, after declining -1.0% on Friday. The broad-based S&P 500 gained +0.67% to 6,066.44 points on Monday. The technology-heavy 100 gained +1.24% to 21,756.73 points.

Will The First Uptrend Of 2025 Be Held This Week??

That was the question last week - and we have to answer it with YES. And will ask ourselves this week too. To learn something new (old) this week too.

“To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes.”
George Soros

Will The First Uptrend Of 2025 Be Held This Week Once Again??

The uptrend is important because it started in the last week of the past 2024 - at 107.587 points, from 2024/12/20 (last low 2024) and/or 107.739 points, from 2024/12/30 (2nd last low 2024). Because as long as traders and/or investors are trading and/or investing in the above this extended trendline of 107.400 points and/or 107.650 points, we can argue that the price action will continue to trend bullish.

110.176 : 2025/01/13 - Annual High 2025
109.881 : 2025/02/03 - Intraday High
108.337 : 2025/02/03 - Intraday Low
108.583 : 2024/12/31 - Annual High 2024
108.319 : 2025/02/10 - last price action
107.348 : 2023/10/03 - Annual High 2023
105.192 : 2024/11/06 - Trump Election Night
The opened this calendar week with a bullish GAP. And is currently trading on Monday evening, February 10, 2025 around 8:00 p.m. (Central European Time), more or less around the lowest price of 108.337 points from Monday of the previous week, when Trump first announced US tariffs. The price action is currently at 108.319 points. It remains to be seen whether the bullish uptrend will be confirmed this week. The extended upward trend line - from the original upward trend on December 6th, 2024 at 105.420 points & 106.969 points on January 27th, 2025 - is just above 107.500 points today. So we can assume that the recovery that has started since the end of last week, with last week's weekly low of 107.296 points - more or less even on this uptrend line - is likely to be confirmed this week? As long as the price action is above the extended uptrend line! And that's before the FED Powell hearing tomorrow, the publication of US inflation on Wednesday, PPI on Thursday, and/or even US retail sales on Friday.So we can assume that the will tend to be bullish, and that price action will tend to be higher again - if the data don`t comes significantly lower than expected.

With best wishes
and good intentions:
Aaron

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