US30 consolidates in a bearish pennant below 200 SMA, signaling potential for further downside

DOW JONES was down on Monday morning after testing the high level of 44157 in the last trading session as  Friday’s weak jobs report showed nonfarm payrolls rose by just 73,000 in July, far below expectations, with prior months revised down by 258,000, pointing to a deeper labor market slowdown. Markets are now nearly fully pricing in a Fed rate cut in September, with over 63 basis points of easing expected by year-end.


Recent News

WTI CRUDE OIL AT CRITICAL LEVELS BEARISH...

April 26, 2025

Market Insights

Gold surges past $3,800 amid rising US G...

September 29, 2025

Market Insights

AUDUSD trading on 200 SMA

November 08, 2024

Market Insights

Dow Jones Trades Near Key Support as Bea...

March 13, 2025

Market Insights

WTI Crude Rejected from Trendline Resist...

July 26, 2025

Market Insights

US30 (Dow Jones) Trading Within Ascendin...

July 29, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window