Gold surged on the concern of a hard landing; USD, stocks slid
·
Subdued US NFP/BLS job report, coupled with Trump’s
tariff and Fed tantrum, the market is bracing for a synchronized global
stagflation
·
Sudden resignation by Fed’s Governor Kugler and
instant firing of BLS head by Trump for terrible NFP job data-the USD/US
credibility may be at stake
·
Overall additional weighted average rate for
Trump’s latest reciprocal tariffs from August’25 would be around 20% (including
sectoral tariffs), against market expectations of 10%
·
Trump may force Powell to resign prematurely, so
that he could influence the Fed to cut 100-200 bps in 2025-26 instead of 50-100
bps
As of July 31, 2025, President Trump signed an
executive order imposing new "reciprocal" tariffs on goods from
dozens of U.S. trading partners, effective August 7, 2025, with a savings
clause exempting goods in transit before this date until October 5, 2025. These
tariffs, enacted under the International Emergency Economic Powers Act (IEEPA)
and Section 232 of the Trade Expansion Act, aim to address trade deficits and
perceived non-reciprocal trade practices. The tariffs vary by country and
product, with some nations securing preliminary trade deals to lower rates.
The U.S. struck deals with the UK (10% tariff),
Vietnam, Indonesia, and South Korea, but fell short of Trump’s “90 deals in 90
days” goal. Negotiations continue with many countries. Canada, Mexico, and
others have retaliated or are preparing to. Analysts warned of disrupted U.S.
relations with allies and predicted higher consumer prices (e.g., Adidas and
Nike confirmed price hikes). The tariffs are seen as a break from decades of
global trade norms, potentially reshaping global commerce.
Major
Trading Partners: Country-Specific Tariffs
·
European Union (EU-15%): A 15% tariff was set for EU goods, including cars,
following a preliminary trade deal. This rate is lower than the initially
threatened 20-30%, but details remain under negotiation, requiring approval
from all 27 EU members. The EU has not escalated with immediate countermeasures
but is prepared to act if needed.
·
China (30%):
Existing 20% "fentanyl" and 10% "reciprocal" tariffs remain
in place, with a 90-day pause on higher tariffs agreed on June 11, 2025.
Negotiations continue, with no new deal finalized by July 31; it’s set to
expire August 12, 2025, but potentially would be extended by another 90-120
days. China reduced tariffs on US goods to 10%, resumed rare earth exports; the
US permits AI chips and critical areophane parts exports to China. Trump and Xi
may meet on the sidelines of the APEC summit in the coming months and Trump may
also visit China in September’25, where Trump may also announce the withdrawal
of 20% Fentanyl tariffs on Chinese goods for ‘satisfactory compliance’ to
prevent the precursors from entering the US directly or indirectly. Trump 2.0
seems now less hawkish on China than Trump 1.0, but more hawkish on other major
trading partners including allies like the EU, Canada, Mexico, Japan, and
India.
Trump’s
comments about his potential China tour:
·
The Fake News is
reporting that I am SEEKING a “Summit” with President Xi of China. This is not
correct, I am not SEEKING anything! I may go to China, but it would only be at
the invitation of President Xi, which has been extended. Otherwise, no
interest! Thank you for your attention to this matter.
·
Japan:
A 15% tariff was set, down from a threatened higher rate of 25%. Japan is
pursuing further trade talks to mitigate impacts, especially for autos to 15%
rather than sectoral 25%; US goods will have 0% tariffs in Japan.
Trump’s
Truth comments on Japan trade deal: July 23, 2025
·
We just
completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan
will invest, at my direction, 550 Billion Dollars into the United States, which
will receive 90% of the Profits. This Deal will create Hundreds of Thousands of
Jobs — there has never been anything like it. Perhaps most importantly, Japan
will open its Country to Trade including Cars and Trucks, Rice and certain
other Agricultural Products, and other things. Japan will pay Reciprocal
Tariffs to the United States of 15%. This is a very exciting time for the
United States of America, and especially for the fact that we will continue to
always have a great relationship with the Country of Japan. Thank you for your
attention to this matter!
·
Remember, Japan
is, for the first time, OPENING ITS MARKET TO THE USA, even to cars, SUVs,
Trucks, and everything else, even agriculture and RICE, which was always a
complete NO, NO. The Open Market Japan may be as big a profit factor as the
Tariffs themselves, but was only achieved because of the Tariff Power. They
also agreed to buy BILLIONS OF DOLLARS WORTH OF MILITARY AND OTHER EQUIPMENT,
and give us 90% of 550 BILLION DOLLARS - AND MORE!!! MAGA!!!
·
South Korea (15%): A 15% tariff was agreed upon, reduced from 25%
after a deal including $350 billion in U.S. investments in energy and
shipbuilding. South Korea noted its low effective tariff rate (0.79%) under the
U.S.-Korea Free Trade Agreement, contrasting with Trump’s claims.
Trump’s
Truth comments about South Korea trade deal: July 31
“I am pleased to announce that the United States of
America has agreed to a Complete Trade Deal with the Republic of Korea. The
Deal is that South Korea will give the United States 350 Billion Dollars for
Investments owned and controlled by the United States, and selected by me, as
President. Additionally, South Korea will purchase 100 Billion Dollars of LNG,
or other Energy products and, further, South Korea has agreed to invest a large
sum of money for its Investment purposes. This sum will be announced within the
next two weeks when the President of South Korea, Lee Jae Myung, comes to the
White House for a Bilateral Meeting. I would also like to congratulate the new
President on his Electoral Success. It is also agreed that South Korea will be
completely OPEN TO TRADE with the United States, and that they will accept
American products including Cars and Trucks, Agriculture, etc. We have agreed
to a Tariff for South Korea of 15%. America will not be charged a Tariff. I
would like to thank the Trade Representatives who came forward today. It was an
Honor to meet them and talk about the Great Success of their Country”.
·
Mexico: (50%
Non-USMCA): 25% base tariff + 25% fentanyl tariff on non-USMCA goods (~50%),
effective March 4, 2025, under IEEPA. USMCA-compliant goods (~50%) are exempt
indefinitely. Overall, Mexico’s weighted
average tariffs were ~12.50% from April’25 and set to rise to 13.75% from
August’25; Tariffs remain at 25% for most goods, with a 17% tariff on
tomatoes. A 90-day negotiation period was extended, suspending new tariffs
until November 2025. Mexico is also preparing retaliatory measures if no deal
is reached.
Trump’s
Truth comments about Mexico tariffs: July 31, 2025
“I have just concluded a telephone conversation
with the President of Mexico, Claudia Sheinbaum, which was very successful in
that, more and more, we are getting to know and understand each other. The
complexities of a Deal with Mexico are somewhat different than other Nations
because of both the problems and assets of the Border. We have agreed to
extend, for 90 days, the same Deal as we had for the last short period, namely,
that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and
50% Tariff on Steel, Aluminum, and Copper.
Additionally, Mexico has agreed to immediately
terminate its Non-Tariff Trade Barriers, of which there were many. We will be
talking to Mexico over the next 90 Days to sign a Trade Deal somewhere within
the 90 days, or longer. Present at the meeting were Vice President JD Vance,
Secretary of the Treasury Scott Bessent, Secretary of State Marco Rubio,
Secretary of Commerce Howard Lutnick, United States Trade Representative and
Ambassador Jamieson Greer, Chief of Staff Susie Wiles, Deputy Chief of Staff
for Policy, and United States Homeland Security Advisor, Stephen Miller. There
will be continued cooperation on the Border as it relates to all aspects of
Security, including Drugs, Drug Distribution, and Illegal Immigration into the
United States. Thank you for your attention to this matter!”
·
Canada (60% Non-USMCA): 35% base tariff + 25% fentanyl tariff on non-USMCA
goods (~10% of imports), effective August 1, 2025; USMCA goods (~40%) exempt;
energy/potash at 10% (on ~50% of Canadian exports). Canada’ USMCA-compliant
goods (~38/40%) primarily consist of autos and parts meeting 75% North American
content. Energy and potash exports (~52/50% consist of mainly oil, gas, and
minerals face a 10% tariff.
·
The remaining
~8/10% are non-USMCA-manufactured goods like electronics or agricultural
products face the 60% tariff from August’25 vs the earlier 50% in April’25;
i.e., effective weighted average tariffs
would be ~11.00% from August vs 10.00% earlier in April’25. Canada retaliated
with 25% tariffs on $107 billion of U.S. goods. Impacts autos, steel. Trump
tariffed Canada at 35% as Canada supported Palestinian statehood. This has
strained U.S.-Canada relations, with Prime Minister Mark Carney expressing
disappointment and plans to diversify export markets.
Other small
trading partners:
·
India (25%):
A 25% tariff was imposed, with additional penalties for purchasing Russian oil.
India’s high tariffs (e.g., 50% on apples, 80% on rice) were cited as
justification. Relations with Prime Minister Narendra Modi have cooled.
·
South Africa (30%): A 30% tariff was set, slightly reduced from 31%,
impacting the African Growth and Opportunity Act (AGOA) benefits. South Africa
is diversifying export markets and negotiating exemptions, with a proposed deal
for U.S. LNG purchases.
·
Vietnam (20%): A 20% tariff was finalized, down from 46%, with a 40% penalty on
transshipments
·
Switzerland (39%): A 39% tariff, one of the highest, was imposed, up
from 31%, shocking Swiss officials. No deal was reached despite talks.
·
Brazil (50%): A 50% tariff was imposed, partly as punishment for prosecuting Jair
Bolsonaro. A Section 301 investigation into Brazil’s digital trade and other
policies was announced on July 17, with a hearing scheduled for September 3,
2025.
·
Cambodia (19%): A 19% tariff was set, down from 49%, but a 3,521% duty applies to
non-cooperative solar panel producers.
·
Indonesia (19%): A 19% tariff, reduced from 32%, was finalized.
·
Malaysia (19%): A 19% tariff, down from 24%.
·
Myanmar and Laos (40%): Both face 40% tariffs, among the highest rates.
·
Syria (41%)
·
Taiwan (20%):
A 20% tariff was imposed.
·
Philippines (19%): A 19% tariff, up from 17%
·
Turkey (15%):
A 15% tariff was set
·
New Zealand (15%): A 15% tariff was imposed.
·
Pakistan: 19%
Sectoral-Product-Specific
Tariffs:
Steel and aluminum face 50% tariffs, autos and
parts 25%, and copper products 30% under Section 232. Investigations into
polysilicon and unmanned aircraft systems were initiated on July 14, 2025.
Exclusions apply for copper, pharmaceuticals, semiconductors, lumber, and
energy products.
The tariffs are estimated to raise U.S. household
costs by $1,300 annually. These tariffs reflect Trump’s strategy to reduce
trade deficits and boost U.S. manufacturing, but they’ve sparked global
economic concerns, market volatility, and retaliatory measures. Negotiations
and legal challenges continue to shape the outcomes.
More about Trump’s
Tariff Executive Order (July 31, 2025):
The order, issued under the International Emergency
Economic Powers Act (IEEPA) and other laws, modifies tariffs set by Executive
Order 14257 (April 2, 2025) to address persistent U.S. trade deficits, deemed a
national security and economic threat. It adjusts tariffs based on trade
negotiations, reciprocity, and alignment with U.S. economic and security
interests. New tariff rates apply to
goods entered for consumption starting 12:01 a.m. EDT on August 7, 2025, with a
savings clause exempting goods in transit before this date until October 5,
2025. Tariff Structure: Annex I lists country-specific tariff rates, ranging
from 0% to 41%. Countries not listed face a default 10% tariff. The European
Union (EU) has a unique structure: goods with a Column 1 Duty Rate (General)
below 15% are adjusted to reach 15%; those at or above 15% incur no additional
tariff. Goods transshipped to evade tariffs face a 40%
duty, plus fines and penalties.
Exclusions: Tariffs do not apply to certain goods (e.g.,
copper, pharmaceuticals, semiconductors, lumber, and energy products) as per
Executive Order 14257. Product-specific tariffs (e.g., 50% on steel, 25% on
autos) remain under Section 232.
White House
Comments: July 31, 2025
·
Goods
transshipped to evade a 35% tariff on Canada will be subject instead to a
transshipment tariff of 40% tariff.
·
Goods under
USMCA are not subject to the IEEPA tariffs
·
Trump has
determined that it is necessary and appropriate to modify the reciprocal tariff
rates for certain countries
·
The Trump
administration will continue to use all available tools to protect national
security
·
Trump signed an
executive order increasing tariffs on Canada from 25% to 35%, with the higher
tariff set to go into effect on August 1, 2025
Trump’s
comments on Fed Chair Powell, trade & tariffs: July 31, 2025
·
Trump calls
Powell a political hack
·
It was a mistake
to appoint Powell to Fed Chair
·
He's a terrible
Fed chair
·
Trump suggests
Covid made him pause on imposing tariffs before
·
On Tariff Legal
Battle: We've been winning all along
·
Canada Talks
Holdup: They have to pay a fair rate
·
Canada's view on
the Palestinian state is not a deal breaker
·
Canada's PM
Carney has called, but I haven't spoken to Canada today
·
I didn't like
what Canada said about the Palestinian state
·
Making a lot of
deals
·
Tariffs are
making America GREAT & RICH Again. They were successfully used against the
USA for decades and, coupled with really dumb, pathetic, and crooked
politicians, we’re having a devastating impact on the future, and even the
survival, of our country. Now the tide has completely turned, and America has
successfully countered this onslaught of Tariffs used against it. ONE YEAR AGO,
AMERICA WAS A DEAD COUNTRY. NOW IT IS THE “HOTTEST” COUNTRY ANYWHERE IN THE
WORLD. CONGRATULATIONS TO ALL!
·
Wow! Canada has
just announced that it is backing statehood for Palestine. That will make it
very hard for us to make a Trade Deal with them. Oh, Canada!!!
·
To all of my
great lawyers who have fought so hard to save our Country, good luck in
America’s big case today. If our Country were not able to protect itself by
using TARIFFS AGAINST TARIFFS, WE WOULD BE “DEAD,” WITH NO CHANCE OF SURVIVAL
OR SUCCESS. Thank you for your attention to this matter!
Overall,
the weighted average rate for Trump’s reciprocal tariffs would be around 20% (including
various sectoral tariffs ~2%) from August 8, 2025 (2nd Liberation
Day!) against ~28% announced on April 2, the 1st Tariff Liberation
day. If we adjust weighted average US tariffs ~3.5% pre-Trump 2.0, the
additional tariff burden should be ~16% from August’25 against ~24% in April’25
and actual ~8% in H1CY25.
Further,
if we assume majority of additional tariff burden will be borne by US importers/corporates/business
~50%; US consumers ~40% and global exporters ~10% (including FX adjustments) as
par reported real trend on the ground, US business/importers/corporates has to
bear ~8% tariff cost, US consumers ~6% and global exporters ~2% (to retain
market share). Even if we assume an equal share of additional tariff costs ~1/3rd
each by US importers, US consumers and global exporters to the US, each one has
to bear ~5% of additional Trump tariff costs, which will invariably add to
overall inflation/higher cost of living, lower corporate profits for Wall
Street and also Global Street. There could be synchronized global stagflation,
even if no recession.
Looking
forward, Trump may withdraw his
Fentanyl tariffs on China, Canada and Mexico by August-September’25, ahead of
his potential China visit and APEC summit meeting with Xi. Trump will
eventually bring effective weighted average US tariffs closer to 10% (net
addition) rather than 15-20%. The market is also expecting a net additional
Trump tariff burden of ~10%, which would be quite manageable among the three
primary stakeholders (US importers, US consumers and global exporters.
Conclusions:
Trump’s
tariff tantrum and bullying tactics, along with Fed/Powell and BLS tantrum, may
seriously undermine the USD and the overall US credibility. Although, as of now,
there is no real competitor or alternative to USD as the preferred global
reserve currency to settle global trade or any other transactions, China’s Yuan
(CNY) along with a potential common BRICS currency (like EUR), may challenge
USD unilateralism and hegemony in the future.
A
devalued/weaker USD, along with higher Trump tariffs, would be a deadly
cocktail for the goldilocks nature of the JUS economy, which is significantly
dependent on cheaper merchandise imports. The US no longer manufactures various
day-to-day items or even many consumer and industrial items due to a lack of
proper industrial infrastructure and feasibility. Thus, it has no other option
but to import from countries like China, which has scale and efficiencies due
to its incredible industrial and logistical infrastructure. Trump’s perception
about the trade deficit with other countries is laughable as there will always
be some creditors and debtors in the business system (suppliers-customers). No
exporter country like China forces the US to buy goods & services at
gunpoint; it’s the US's obligation and preference to import cheaper and keep a lower
cost of living or price stability for the overall economy.
Trump’s
strategy of reindustrialization of the US economy to derisk itself from China and
to also reduce over-dependency on critical items like rare earth materials is
good for the US's interests. But Trump’s over-reliance on tariffs, using them
as a weapon in influencing various geopolitical issues along with YCC strategy
(Fed tantrum) may not only harm the goldilocks nature of the US economy, but
also aid in US global isolation and even decoupling. Various US allies are now looking
to China and also EU as an alternative to US unilateralism and hegemony. China
is now fast emerging as the true superpower of the world, challenging the US in
almost every sector form tech to military. This is the biggest geopolitical
twist in the 21st century.
Trump is now less hawkish on China and more
hawkish on India and the EU than in his 1st term. The Trump admin
may have made a realistic assessment that, together with China, the US has
almost 50% of the global economy and is dependent on each other for prosperity
and development. Unlike Trump 1.0, the US under Trump 2.0 is now seeing China
as a big competitor, not adversary, and seeking decoupling, but derisking from
strategic dependence. China, on the other hand, is also steadily expanding
itself in the last 10-20 years not only in trade with other countries to reduce
US/EU dependence, but also diversifying itself from any US dependence including
high techs and aerospace.
China is now overtaking the US not only in terms
of real wealth, development, prosperity, but also in hi-techs, AI, chips,
quantum computing, 6G, and advanced military hardware & software. China’s
indigenous GPRS and operating system have reduced it on the US. The US now sees
China as an equal, if not bigger competitor on both economic and military, i.e.,
as the true number two superpower in the world not as a mere military
superpower like the old USSR (now Russia). China is also a big market for US
goods & services and thus, as a pure businessman/dealmaker, Trump wants to have
a good relationship with China, aiming to open the economy more for US goods
& services on an equal footing. Thus, for Trump, China is a vibrant
economy, while India and Russia are ‘dead’ economies.
Trump
fired the BLS head after huge negative revisions of NFP data.
On Friday, August 1, 2025, Trump fired the BLS
head after subdued NFP/Job data for July along with a huge negative revision
for May and June. Trump accused the BLS data as politically motivated to
undermine his economic strategy and administration. Trump also blasted Fed
Chair Powell and asked him to quit in line with another Fed Governor Kugler,
who resigned prematurely ahead of her scheduled departure in January ’26.
Trump
posted on his Truth soon after the terrible US NFP job data was published on
August 1, 2025
·
Jerome “Too
Late” Powell, a stubborn MORON, must substantially lower interest rates, NOW.
IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT
EVERYONE KNOWS HAS TO BE DONE!
·
STRONG DISSENTS
ON FED BOARD. IT WILL ONLY GET STRONGER! “TOO LATE!”
·
Too Little, Too
Late. Jerome “Too Late” Powell is a disaster. DROP THE RATE! The good news is
that Tariffs are bringing Billions of Dollars into the USA!
·
I was just
informed that our Country’s “Jobs Numbers” are being produced by a Biden
Appointee, Dr. Erika McEntarffer, the Commissioner of Labor Statistics, who
faked the Jobs Numbers before the Election to try and boost Kamala’s chances of
Victory. This is the same Bureau of Labor Statistics that overstated the job growth
in March 2024 by approximately 818,000 and, then again, right before the 2024
Presidential Election, in August and September, by 112,000. These were Records
— No one can be that wrong? We need accurate job numbers.
·
I have directed
my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be
replaced with someone much more competent and qualified. Important numbers like
this must be fair and accurate; they can’t be manipulated for political
purposes. McEntarfer said there were only 73,000 Jobs added (a shock!) but,
more importantly, that a major mistake was made by them, 258,000 Jobs downward,
in the prior two months.
·
Similar things
happened in the first part of the year, always to the negative. The Economy is
BOOMING under “TRUMP” despite a Fed that also plays games, this time with
Interest Rates, where they lowered them twice, and substantially, just before
the Presidential Election, I assume in the hopes of getting “Kamala” elected –
How did that work out? Jerome “Too Late” Powell should also be put “out to
pasture.” Thank you for your attention to this matter!
·
In my opinion,
today’s Jobs Numbers were RIGGED to make the Republicans, and ME, look bad —
Just like when they had three great days around the 2024 Presidential Election,
and then, those numbers were “taken away” on November 15, 2024, right after the
Election, when the Jobs Numbers were massively revised DOWNWARD, correcting
over 818,000 Jobs — A TOTAL SCAM. Jerome “Too Late” Powell is no better! But,
the good news is, our Country is doing GREAT!
·
“Too Late”
Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned.
She knew he was doing the wrong thing on Interest Rates. He should resign,
also!
Summary of
Trump’s comments late Friday, August 1, 2025
·
Will appoint
another Federal Reserve chair once Powell's term ends
·
Firing Powell
Would Disturb the Market'
·
Powell will
most likely stay on as Chair
·
We are in a
very challenging situation currently
·
Removing Powell
would disrupt the market
·
Remove Powell
in a heartbeat
·
I want to pay
off debt
·
Mostly, we're
set
·
I'm happy I
have an open spot on the Fed board
·
Fed's Kugler
resigned over a disagreement with her party
·
I understand
she disagreed with Powell
·
We need to have
honest reports
·
Always had a
problem with job numbers
·
To install
someone in the BLS who will be honest
·
I have three
people in mind
·
There are lots
of good candidates
·
The BLS
commissioner put out numbers before the election to help democrats
·
I have heard
that India will no longer be buying oil from Russia
·
I spoke
yesterday with Switzerland about the big deficit
Kugler’s ‘sudden’ resignation after being absent from
the July 30 FOMC meeting and subsequent comments by Trump indicate Trump may be
too eager to appoint another preferred person to the Fed board of seven
members. But even after that, Trump would be three Fed board members (Waller,
Bowman and Kugler replacement) against four (including Chair Powell). Thus,
until Powell resigns prematurely by August, Trump may be ‘helpless’.
After a hawkish hold on July 30, and subsequent subdued
NFP/Job data for May-June-July’25, the Fed is now on the way to cut rates by 25
bps each in September and December' ’25, cumulating 50 bps; the market is also
expecting that. But Trump may want more (100-300 bps) in a desperate attempt to
lower the cost of US public borrowing (~$9T5 debt to be refinanced at lower
rates) and also business and personal/mortgage loans. Also, Trump has huge
business and personal loans/liabilities, which may be facing substantially high
borrowing costs (equivalent to a conflict of interest for his pressure on Fed
to cut rates immediately), and that too by a huge 100-200 bps at a time, like a
crisis era.
Market
impact:
On Friday, August 1, 2025, USD, US stocks slip,
while UST, Gold surged on the renewed concern of hard landing (stagflation)
after subdued NFP job data and Trump’s reciprocal tariffs tantrum, which could
result in higher inflation, higher unemployment, and lower economic growth.
Also, sudden resignation by Fed’s Governor Kugler and non-stop Trump tantrum on
Fed Chair Powell along with the instant firing of BLS head for the terrible job
data/alleged political bias, have raised the question of USD and US
credibility, causing risk aversion. The S&P 500 and Nasdaq-100 fell 1.6%
and 2.2%, their steepest drops since April, while the Dow-30 lost 542 points;
US bond yield slips.
On Friday, Wall Street was boosted by healthcare
(Trump’s soft approach for drug makers to help manufacturing in the US and not
so hawkish price control mechanism), consumer staples, and utilities, while
dragged by consumer discretionary, techs (mixed report card), energy (oil slid
on US/global stagflation concern), financials, communication services, industrials,
materials, and real estate. Amazon sank nearly 8% on disappointing cloud
guidance, dragging tech lower, while Apple fell 2.9% on weak guidance despite an
earnings beat. All three major indexes posted weekly losses.
Weekly
Technical outlook: DJ-30, NQ-100, SPX-500 and Gold
Looking
ahead, whatever may be the narrative, technically Dow Future (CMP: 44800) now has to sustain over 45000 for a
further rally towards 45300*/45800* and only sustaining above 45800, may
further rally to 46100/46500-47100/47200 in the coming days; otherwise
sustaining below 44950, DJ-30 may again fall to 44200/43900-43400/42400 and
41700/41200-40700/39900 in the coming days.
Similarly,
NQ-100 Future (23000) now has
to sustain over 23100 for a further rally to 23300/23600*-23800/24000 and
24100/24450-24700/25000 in the coming days; otherwise, sustaining below 22900,
NQ-100 may again fall to 2400/22200-21900/20900-20700/20200 and
19890/18300-17400/16400in the coming days.
Looking
ahead, whatever may be the fundamental narrative, technically SPX-500 (CMP: 6300) now has to sustain over 6450-6500 for
a further rally to 6600/7000-7500/8300 in the coming days; otherwise,
sustaining below 6375/6300-6250/6200, SPX-500may again fall to
6000/5800-5600/5300 in the coming days.
Technically
Gold (CMP: 3350) has to sustain over 3375-3395 for a
further rally to 3405/3425*-3450/3505*, and even 3525/3555 in the coming days;
otherwise sustaining below 3365-3360, Gold may again fall to
3340/3320-3300*/3280 and 3255*/3225*-3200/3165* and further to
3130/3115*-3075/3015-2990/2975-2960*/2900* and 2800/2750 in the coming days.
Disclaimer: I
am an NSE-certified Level-2 market professional (Financial Analyst- Fundamental
+ Technical) and not a SEBI/SEC-registered investment advisor. The article is
purely educational and not a proxy for any trading/investment
signal/advice. I am a professional
analyst, signal provider, and content writer with over ten years of experience.
All views expressed in the blog are strictly personal & independent and may
or may not match with any organization with, I may be associated.
If you want to support independent &
professional market analytics, you may contribute to my PayPal A/C: asisjpg@gmail.com
For any professional consultation about the
financial market (EQ/COMM/FX), investment, trading ideas, and real-time,
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