Global Markets Bleed as Trade War Escalates
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  • Market Insights  >  Trade Of The Day

7 April 2025,03:06

Trade Of The Day

Global Markets Bleed as Trade War Escalates

7 April 2025, 03:06

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Fundamental Analysis:

Tensions have escalated following U.S. President Donald Trump’s decision to sharply raise tariffs on several major economies. In response, countries like China and Canada have retaliated, while the EU and UK are preparing their own measures. Market sentiment has turned extremely bearish, with the Dow Jones plunging over 5% last Friday. As panic selling continues, investors are bracing for heightened volatility at the start of the new trading week.

Technical Breakout:  The Dow Jones is currently trading lower, testing the key support level at 38,110.00. MACD signals increasing bearish momentum. If the index breaks below this level, further downside could be seen, potentially targeting the next support at 35,305.00. Conversely, a rebound would face resistance near 40,595.00 and 42,730.00.

Potential Risks: Trade war uncertainty continues to dominate headlines, with potential to trigger deeper declines across global equity markets.

Monitoring: Stay updated on potential trade tensions between US and world to gauge the likelihood movement for several asset classes.

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  • Market Insights  >  Trade Of The Day

7 April 2025,03:06

Trade Of The Day

Global Markets Bleed as Trade War Escalates

7 April 2025, 03:06

Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis:

Tensions have escalated following U.S. President Donald Trump’s decision to sharply raise tariffs on several major economies. In response, countries like China and Canada have retaliated, while the EU and UK are preparing their own measures. Market sentiment has turned extremely bearish, with the Dow Jones plunging over 5% last Friday. As panic selling continues, investors are bracing for heightened volatility at the start of the new trading week.

Technical Breakout:  The Dow Jones is currently trading lower, testing the key support level at 38,110.00. MACD signals increasing bearish momentum. If the index breaks below this level, further downside could be seen, potentially targeting the next support at 35,305.00. Conversely, a rebound would face resistance near 40,595.00 and 42,730.00.

Potential Risks: Trade war uncertainty continues to dominate headlines, with potential to trigger deeper declines across global equity markets.

Monitoring: Stay updated on potential trade tensions between US and world to gauge the likelihood movement for several asset classes.

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

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Create account
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    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

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    Effortlessly fund your account with a wide range of channels and accepted currencies.

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