DowJones closed at record highs on Monday. Investors expect Trump to unveil details on the ‘Phase One’ deal. Renewed optimism on the trade front supports the upbeat mood. The DowJones index started the week with marginal gains (0.04%) and closed in levels just shy of the 27,700 pts on Monday, all amidst alternating risk-appetite trends in response to some renewed effervescence in the US-China trade scenario. It is worth recalling that the DJI recorded an all-time intraday high at 27,774 last Thursday. Today, markets will be closely following President Trump’s speech at the Economic Club in New York in search for any extra detail on the trade front and particularly regarding the ‘Phase One’ deal and the potential roll over existing tariffs. Monday’s gains in Industrials, Financials and Telecoms helped the benchmark stock index to keep the positive performance, as opposed to the S&P500 (-0.20%) and the NASDAQ Composite (-0.13%). DowJones faces the next interim resistance at 27,774.7 (all-time high Nov.7) while on the downside the next support emerges at the 10-day SMA at 27,414.7 seconded by July’s high at 27,398.7 and then the September peak at 27,306.7. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD technical analysis: Flirting with 2-week lows, 38.2% Fibo. support FX Street 3 years DowJones closed at record highs on Monday. Investors expect Trump to unveil details on the 'Phase One' deal. Renewed optimism on the trade front supports the upbeat mood. The DowJones index started the week with marginal gains (0.04%) and closed in levels just shy of the 27,700 pts on Monday, all amidst alternating risk-appetite trends in response to some renewed effervescence in the US-China trade scenario. It is worth recalling that the DJI recorded an all-time intraday high at 27,774 last Thursday. Today, markets will be closely following President Trump's speech at the Economic Club in New York in search… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
