The Dow Jones index fell on Monday with concerns about the global commercial ecosystem amid wars of commercial tariffs. The declining trend continued on Tuesday, with President Donald Trump’s tariff fell by 25 % against imports from Canada and Mexico. The Dow Jones League decreased by 0.4 % before the opening of the markets, indicating the next tumultuous days.
Canada has average against US definitions with 25 % of anti -models over about $ 100 billion in US imports. Elsewhere, China announced up to 15 % of the customs tariff for American imports, in response to the additional definitions by 10 % announced by President Trump last week. FUD feelings that are driven by the customs tariffs are likely to increase in the coming days if Trump has committed his threats against imports from the European Union.
The most prominent thing in the week will be the Friday of NFP salary data (NFP), which will provide a perspective on the American economy path. There are concerns that high definitions can keep inflation high and extinguishing jobs.
Elsewhere, the return on the standard for 10 years in the United States has decreased to 4.136 % until the writing of this lines, the lowest level in nearly three months, indicating a decrease in the investor’s confidence in the American economy.
The yield of fallen bonds indicates that more investors rush to buy safe haven bonds, for fear that other segments of the economy have stare in shrinking. This increases their request and moves acquired returns. The continuation of the direction of the declining pressure is likely to place the Dow Jones (indexdjx: .dji).
Download Jones Index Prepultion
Dow Jones Index indicates 43,230 points, and the procedures less than this level indicate control by sellers. The first support is likely to be at 42,410 points, but the strongest momentum will lead to this level and can find the second support at 41,950.
On the contrary, going above 43,230 points will enter the buyers to control. In this case, the bullish movement is likely to meet with a brand of 43,800 points. A fracture above this level will nullify the narration of the downside. Also, expanded control by buyers can lead to more gains to test 44,450 marks.
