Brad Alexander
FX Large Limited
We finally got the news from the White House about tariffs and it all suddenly got very real.
We see price action on the NASDAQ and the Russell 2000 getting hit harder.
The Russell 2000 represents small-cap companies in the US that will be hit harder by pointless tariffs.
The NASDAQ does not consist of any financial companies and only one failing car company so it is more susceptible to uncertainty.
The S&P500 represents the best cross-section of American industry and hopefully,y soon, we will have an opportunity to “buy the dip.”
The DJIA was hit but not as badly, thanks to the strength of the top 30 companies.
But uncertainty will still be a problem for investors.
The Nikkei225 was hit even harder as most companies in Japan deal with huge export markets.
This gave some strength to JPY, and we will look at some reversal opportunities early next week.
Last time we were considering a bear run on silver and look what happened.
We see technical confluence in the stochastic oscillator and price action has broken through the lower trend line.
If you like gap trading, take a look at WTI and Brent Crude.
The threat to global commerce has hit oil as well, opening lower with a gap.
As well, we will reassess early next week.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
While we may offer market commentary based on fundamental or technical analysis, we do not offer trading advice and cannot be held liable for any decisions taken by viewers and readers of our material.
Recommended Content
Editors’ Picks
EUR/USD retreats below 1.1350 after mixed EU data
EUR/USD remains on the back foot and trades below 1.1350 in the European session on Tuesday. The data from the Eurozone showed that Industrial Production expanded by 1.1% in February. On a negative note, ZEW Survey - Economic Sentiment slumped to -18.5 in April from 39.8.
GBP/USD clings to gains above 1.3200 after UK jobs data
GBP/USD is defending minor bids above 1.3200 heading into the American session on Tuesday. The latest data from the UK showed that the Unemployment Rate steadied at 4% in the quarter to February, while Average Earnings disappointed, limiting Pound Sterling's gains.
Gold stays in consolidation phase above $3,200
Gold holds steady and fluctuates above $3,200 after posting modest losses on Monday. Easing fears over a deepening global trade conflict and the improving risk mood caps XAU/USD's upside as markets keep a close eye on tariff headlines.
Canada CPI expected to hold steady in March ahead of BoC policy decision
Statistics Canada will release the March Consumer Price Index report on Tuesday. Annualised inflation is expected to have held steady at 2.6%, matching the February reading. Market players anticipate a monthly advance of 0.7%, easing from the previous 1.1%.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.