Stock markets retreat as reciprocal tariffs sting
In adddtion to 10% blanket tariff, Trump has announced 'half' tariffs on countries in reaction to tariffs on US goods. . Below is the chart of some of the tariffs.
In adddtion to 10% blanket tariff, Trump has announced "half" tariffs on countries in reaction to tariffs on US goods.
Below is the chart of some of the tariffs. He went big.
If the products are made the US there will not be any tariffs.
Shares which were up have turned lower with the QQQ now down -3.02%. The SPY is down -2.19%
The EURUSD is back down testing the 100 and 200 bar MA on the 4-hour chart at 1.0809 down to 1.0802. So far, that is stalling the fall.
The USDCAD fell below the 100-day MA and 38.2% target, around 1.4269, but then snapped back higher and traded above the 100/200 bar MAs on the 4-hour chart between 1.4325 to 1.4339 The high reached 1.4366 back has moved back down. Seller had their shot. Buyers had their shot. The price is not at 1.4316 waiting for the next shove.
Yields are lower with the 2 year down -1.5 basis point. The 10 year is down -3.0 basis points.
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