DAX DIPS! 9-DAY RALLY CRASHES AS TRADE TENSIONS ROAR!
- TRUMP’S TARIFFS STRIKE AGAIN!
- GERMANY’S PMI SURGES PAST EXPECTATIONS!
- DAX STILL IN THE GAME DESPITE TODAY’S SLIDE!
Hold onto your wallets, folks! The DAX has taken a nosedive, snapping its 9-day winning streak as traders brace for the storm of trade uncertainties swirling around Wall Street! Trump’s latest tariff bombshells are sending shockwaves through the market, igniting fears of an all-out trade war!
MERZ’S CHANCELLOR HOPES HANG BY A THREAD
In a nail-biting twist, Friedrich Merz fails to rally enough support to clinch his Chancellor bid, snagging only 310 votes instead of the 316 he needed. A second vote looms, but with confidence in his eventual win, the market’s barely flinching!
TARIFF TERROR! TRUMP UNLEASHES 100% MOVIE TAX!
In a jaw-dropping move, Trump strikes again, slapping a 100% tariff on films produced outside the U.S., and whispers of pharmaceutical tariffs hang in the air! As the U.S.-China trade tango continues, the uncertainty is enough to send chills down the spine of investors everywhere!
FEDERAL RESERVE ON THE BRINK!
With an urgent interest rate decision looming tomorrow, the Fed is expected to keep rates steady, but with Trump’s tumultuous tariffs in play, who knows what will happen next? The stakes couldn’t be higher!
Meanwhile, the German Composite PMI is making headlines, rising to 50.1 from 49.7, signaling a cautious bounce back into expansion territory. MTU Aero and Fresenius Medical Care are also revealing their earnings, but is it enough to stem the tide?
DAX TECHNICAL BREAKDOWN!
The DAX has soared from its April low of 20,675, reaching a dizzying peak of 23,400! But today’s slip doesn’t mean the party’s over! Watch for a push above 24,477 to a record-breaking high, with a critical support level hanging around 23,000.
GBP/USD SOARS AS CENTRAL BANK MAYHEM LOOMS!
- FEDERAL RESERVE HOLDS THE LINE!
- BANK OF ENGLAND TO DROP RATES?
- GBP/USD CLIMBS ABOVE 1.33!
The British pound is packing a punch, rising for a second day amid U.S. dollar weakness! Trump’s chaotic trade strategies are shaking up demand for the greenback just ahead of a mega central bank showdown this week!
With the Fed set to leave rates unchanged and the Bank of England eyeing a potential cut to 4.25%, the market’s on edge! Could this mean even more pressure on the pound if the BOE signals a dramatic shift in policy?
DATA DILEMMA – UK SERVICES IN TROUBLE!
Newly released data shows the UK services PMI floundering in contraction at 49, while the composite PMI hangs below the crucial 50 mark at 48.5. The economic outlook is looking grim!
GBP/USD TECHNICAL TURMOIL!
After hitting resistance at 1.3440, GBP/USD experienced a bumpy ride, teetering just above 1.33! A breakthrough above 1.3350 could send it soaring, but watch out for sellers lurking below 1.3250!
Get ready, because this financial rollercoaster is far from over! Buckle up and stay tuned for what’s next!
