Tuesday, July 31, 2018

Dow Jones - 01 August 2018

  • Stocks
  • Dow Jones

Fundamental Highlights

The Trump administration will be proposing to raise tariffs on $200 billion in Chinese imports from 10% to 25% despite ongoing talks as they seek to pile on extra pressure on China. For today, investors will turn their attention to the Fed Policy. Markets anticipate the FOMC to be quiet today, so looking forward, attention might shift towards Friday's non-farm payroll report.

Technical Analysis

On the technical analysis chart, we see that Dow is currently moving upward towards the 25460 resistance; if it reaches that point it may break through it towards the second resistance of 25523 or may take a downward trend towards the 25170 resistance.

Support: 25170 25088
Resistance: 25460 25523

Chart (H4)