Dow Jones

Without a new bearish catalyst, ongoing trade optimism may keep the stock markets supported for a while yet. Our Dow Jones forecast remains mildly positive for now.

Over the past five trading sessions, the U.S. index has sustained a strong bullish movement, gaining more than 3.5% in the short term. However, this advance is now facing resistance at the 42,000-point level, where the price has begun to stabilize after a buying streak.

EURUSD, Dow Outlook: While markets respond to optimism surrounding a 90-day tariff cut between the U.S. and China, underlying fundamentals and economic data remain in focus — with the upcoming U.S. CPI release next on the radar.

Hopes that the US will strike some trade deals with its large trading partners ahead of the weekend meeting between US and Chinese trade representatives is helping to keep risk appetite mildly positive. This is keeping the Dow Jones forecast neutral as the index tests a major resistance area.

Stocks rebound sharply, with all three major indices hitting fresh multi-week highs- Fed on tap. Battle lines drawn on the SPX500, NDX & DJI weekly technical charts.

ASX 200 and Dow Jones test key resistance after strong rallies. Bearish signals are building, with pullbacks likely as momentum shows signs of exhaustion.

Shortly after the Dow Jones reached a low near 36,500 points, the index has posted a notable rebound, gaining more than 9% over the last four trading sessions.

USDJPY, Dow Forecast: China slapped the US with 84% tariffs in retaliation to Washington’s 104% levy, keeping markets near yearly lows. Meanwhile, US CPI, major bank earnings, and consumer sentiment data are set to heighten volatility risks heading into the weekend.

Over the past five trading sessions, the Dow Jones index has posted a decline of more than 2%, currently hovering around 42,000 points.

EURUSD, Dow Outlook: Following exhausted momentum and market extremes during FOMC week, EURUSD holds a bearish reversal, testing 1.0730 support, while the Dow sustains its bullish reversal, testing 42,600 resistance—both navigating key levels amid tariff fears and a cautious market hold.

The relative calm seen on Wall Street these past two weeks came to an abrupt end on Wednesday in anticipation of Trump's auto tariffs. The Nasdaq led the way lower, with S&P 500 and ASX futures being dragged along for the ride.