2025/02/03
Another 48h - Trump Tariffs Are Serious And DXY Reacts Bullishly
“ambivalent about trump tariffs, it will be a groundbreaking week!
are the bears taking over the terrain? below highs of 2023 & 2024?”
The US stock exchanges noticeably reduced their initially significant losses at the start of the week. The expected decisions in US customs policy under President Donald Trump caused another volatile trading day. Here we go - Trump is getting serious! Trump makes politics for the US taxpayer and/or US consumers. And all international media reporters no longer understand the world - because he no longer wants to play the indebted world policeman for our so-called West, for the world. MAGA - as it best and/or as it worst. However, it is what it is - and or also "Wall Street rattled back-and-forth over Trump's tariffs," as CNN's David Goldman also noted yesterday. Trump, who approved the introduction of high tariffs on imports into the US from Mexico, Canada and China over the weekend, later on Monday postponed their introduction on Canadian and/or Mexican products by a month. Because he probably felt under pressure because Wall Street was falling and the US dollar was rising!? Clearly, the price action reacted the way it did - how else!?
The Dow Jones Industrial
DJIA recovered from its one and a half percent loss in early business and closed down -0.28% to 44,421.91 points. On Friday, the best-known Wall Street index had temporarily come close to its record high from the beginning of December, as media reports had fueled hopes that the tariffs announced by Trump would not be introduced until March 2025. However, this was soon denied by the White House. The customs measures were also announced for the beginning of February, ultimately sending the US stock exchanges into a decline before the weekend. The S&P 500 
SP500 , which had also temporarily approached its record high to within a few points before the weekend, fell by -0.76% to 5,994.57 points. While the Nasdaq 100 
NDX lost -0.84% to 21,297.58 points after temporarily falling by just over two percent. This index, which is predominantly made up of technology stocks, initially rose on Friday like the other indices.- Will the annual high of 2023 at 107.348 hold?
The answer to this question last week was yes. Because traders and/or investors sent the
DXY to a low of 107.500 points over the course of the last week on Thursday, January 30, 2025. Even above 107.348 points - which was the annual high of 2023, from 2023/10/03. From this point of view we may be experiencing a trend reversal this week.
“A boom/bust process occurs only when market prices find a way to influence the so-called fundamentals that are supposed to be reflected in market prices.”
George Soros
- Will The First Uptrend Of 2025 Be Held This Week??
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
DXY above this extended trendline of 108.480 points and/or 108.640 points, we can argue that the price action will continue to trend bullish.110.176 : 2025/01/13 - Annual High 2025
109.091 : 2025/02/03 - last price action
108.583 : 2024/12/31 - Annual High 2024
107.348 : 2023/10/03 - Annual High 2023
It was clear that the
DXY had jumped higher with a huge bullish gap at the beginning of the week. And also that the price action admittedly came down a little slower after Trump postponed the tariffs by a month - with regard to Canada & Mexico. While China's imports will now be subject to customs duties at 10%. Therefore, the upward trend this week is particularly significant. Because if it falls - and the bears also win back the annual highs of the last two years, I wouldn't be surprised by a selloff! But I don't expect this today. So let's wait and see how the price action reacts. Today, on Monday the 3rd february 2025, at 1300 o'clock CET (central european time), even after Trump's expected tariff increases, everything is still within manageable limits in the DXY . Only when both annual highs no longer hold after the upward trend has been broken will the generally slightly bullish technical picture of the price action in the DXY change. At least in my opinion...With best wishes
and good intentions:
Aaron
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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.