Swing Trades DAX/DOW/NQ/GOLD

China targets U.S. services and other areas after decrying ‘meaningless’ tariff hikes on goods.

 

1. While the Trump administration has largely focused on pressing ahead on his tariff plans, Beijing has rolled out a series of non-tariff restrictive measures.
2. China is seen by some as seeking to broaden the trade war to encompass services trade — which covers travel, legal, consulting and financial services — where the U.S. has been running a significant surplus with China for years.
3. “Beijing is clearly signaling to Washington that two can play in this retaliation game and that it has many levers to pull, all creating different levels of pain for U.S. companies,

MNQ Long re entry 18.525.25
T1 +10/11p 3 lot
1 left/SL BE zone
Last closed +10p

Target 575 (if the SnP moves above +0.75%)

Likely a pull back ahead of the US open

MNQ Short 18.565 (from +1.0% zone)
T1 +10p 2 lot
6 left
T2 +15p/16p 4 lot
2 left
T3 +18p 1 lot
1 left SL BE
Last closed +32p

Target 500<>480<>450

MNQ Short again from 600 rejection zone
Last 2 lot
T1 +11/12p 2 lot
T2 +18/19p 1 lot.
1 Left
Last closed +14/15p

MNQ Short again 18.635 last lot
Last closed +31p

MGC closed at 3299.5

ES short 1 lot (Re entry short)

MES short last 2 lot

MNQ Short

MNQ closed +62p/65p at 300 -0.5% zone

Trump is looking for a scapegoat to blame his big beautiful tariffs failure on. Expect more blame game til he figures a way to wiggle out of his epic dumpster walk.

DOW looks ready for an other bear week, down to 38.600/500 after breaking 39K

SnP down target 5200 zone

NQ down target 18K>>17.900

Oil stalling just below $65

Gold heading for &3400

US $ drop continues.

Trump is ‘shredding’ credibility with allies while China benefits, former national security advisor John Bolton says

 

1. “This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say, I’m going to tariff you unless you do better on trade negotiations,” Bolton told CNBC.
2. International leaders, including U.S. allies, have criticized Trump’s actions.
3. On Monday, Chinese Premier Xi Jinping embarked on what some observers are dubbing a charm offensive through Southeast Asia, first visiting Vietnam followed by scheduled trips to Malaysia and Cambodia.

“And in fact, the one country that really deserves a trade war — China — we’ve put them in a much better position strategically by going to war on tariffs with our best friends, whereas if we had all joined together, maybe we would have had an impact on China’s behavior. So, this is a not just an economic blunder, which I think it clearly is. It’s a strategic blunder that’s going to cost the United States dearly if this tariff policy isn’t reversed.”

Reversed my MNQ Long from 18.305 to short 18.359 (reached Thursdays close and reversed)

T1 +12/13p 3 lot
2 left
1 lot closed ++10p
1 left/SL BE
Last closed BE

ES short 2 lot
T1 +3p
1 left
Last lot closed +4.5p

2 last lots MES still running from 5300
T2 +7.5p 1 lot
1 left/SL BE
Last lot closed +12p

Target 5285 & 5272

5275/72 is Todays low and SP zone so far

MNQ Short again last lot 18.314
T1 +11p 3 lot
1 left
Closed +30p at placed SL

SnP needs to get below 5275 DS1 now to drag the NQ further down

YM Mini (DOW) Short 39.073 2 lot
T1 +15p
1 left SL BE
Closed +25p last lot

MYM MIcro still 4 last lot running
T2 +25p/26p 2 lot
2 left SL BE
Last 2 lot closed BE

Target 39K & 38.950/955 -1.0%
39K SP zone so far

Trump’s desire to intervene in Fed could cause chaos

 

1. U.S. President Donald Trump again called for Powell to cut rates.
2. Economic activity might ‘fall off’ in summer, Chicago Fed President Austan Goolsbee said.
3. The Trump administration could overhaul the U.S. State Department.
4. Fees on Chinese-built vessels will be imposed by the Trump administration.

An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and mortgages, among other debt, are based.

U.S. President Donald Trump’s repeated calls for Federal Reserve Chair Jerome Powell to cut interest rates might make businesses and people happy — at the cost of letting inflation run rampant again.

Factor in Trump’s tariffs, which are taxes on imports and hence fundamentally price increases, and inflation could be getting two shots in the arm.

That’s why central bankers tend to operate independently from the government.

MNQ Short again last lot
T1 +25/27p 2 lot
T2 +74/75 at DS1
1 left
Last closed +55p

Below DS1 new light short try for 18K<>17.900 zone