Metals Market Volatility
Trump’s proposed 50% tariff on copper imports triggered a sharp drop in London copper prices (~2%), with risks of falling below $9,000/ton. While U.S. prices spiked on supply concerns, the global move reflects industrial demand fears—potentially weighing on manufacturing and cyclical stocks.
Trade Negotiations Intensify
Asian trade delegates have logged over 350,000 air miles traveling to Washington as tariff timelines remain unclear. Ongoing uncertainty is capping broader risk appetite, though delayed duties and active talks are offering short-term relief to markets.
Fed Under Pressure
Trump ramped up criticism of Fed Chair Jerome Powell, calling him “terrible,” and may consider replacing him with top adviser Kevin Hassett. This raises questions about central bank independence and future rate policy, a potential headwind for investor confidence.
Market Snapshot
U.S. stock futures: Slightly higher
Oil: Up, on Red Sea conflict
Gold: Down, as risk appetite stabilizes
Conclusion – Nasdaq 100 Trading Outlook
Near-term view: Mildly bullish, supported by easing trade tension and tech sector strength.
Caution warranted: Watch for headline risks from new tariff announcements or Fed-related developments.
Key Support and Resistance Levels
Resistance Level 1: 22940
Resistance Level 2: 23060
Resistance Level 3: 23180
Support Level 1: 22410
Support Level 2: 22300
Support Level 3: 22130
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’s proposed 50% tariff on copper imports triggered a sharp drop in London copper prices (~2%), with risks of falling below $9,000/ton. While U.S. prices spiked on supply concerns, the global move reflects industrial demand fears—potentially weighing on manufacturing and cyclical stocks.
Trade Negotiations Intensify
Asian trade delegates have logged over 350,000 air miles traveling to Washington as tariff timelines remain unclear. Ongoing uncertainty is capping broader risk appetite, though delayed duties and active talks are offering short-term relief to markets.
Fed Under Pressure
Trump ramped up criticism of Fed Chair Jerome Powell, calling him “terrible,” and may consider replacing him with top adviser Kevin Hassett. This raises questions about central bank independence and future rate policy, a potential headwind for investor confidence.
Market Snapshot
U.S. stock futures: Slightly higher
Oil: Up, on Red Sea conflict
Gold: Down, as risk appetite stabilizes
Conclusion – Nasdaq 100 Trading Outlook
Near-term view: Mildly bullish, supported by easing trade tension and tech sector strength.
Caution warranted: Watch for headline risks from new tariff announcements or Fed-related developments.
Key Support and Resistance Levels
Resistance Level 1: 22940
Resistance Level 2: 23060
Resistance Level 3: 23180
Support Level 1: 22410
Support Level 2: 22300
Support Level 3: 22130
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.
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.