The AEX race today seems to be opening at 882 points and with that the Bears stay in charge for a while. That seems to be the result of new Trump-Anrust, which again causes a lot of commotion with his taxes. For example, he announced a 100 percent levy on imported semiconductors and chips.
Donald Trump strikes again
Import from India also has to deal with a levying of 25 percent, while a select group of goods from Brazil even have to do with 50 percent. At the same time, we see that the disappointing economic data from the United States and the cooling labor market have ensured that the expectations for an interest rate reduction in September have increased.
The market is starting to worry about the future again. We also see that on the gold price, which has been opened today with an increase and therefore acts at the highest level in two weeks.
Trump can also nominate a successor for Adriana Kugler, a governor of the US Central Bank this week. He also revealed that there are four more finalists on the list as possible replacements for Jerome Powell, the chairman of the US Central Bank.
In this way the president of the United States dominates all headlines again, but the AEX course cannot benefit from it.
AEX loses Momentum: On the way to important support?
If we look at the graph below, we see that the AEX loses clear momentum. The 21-week and 55-week exponential moving average has since been lost by the AEX. Now the 100-week average seems to be raised as the next support in the graph.
The Relative Strength Index (RSI), an indicator that indicates the momentum at the bottom of the graph, also shows that the AEX loses strength. We see the RSI falling a little and have difficulty in coming over 50 points at all.
Let alone that the RSI goes towards the 70 points, above which you usually have to sit towards new all-time highs.
Source: https://newsbit.nl/aex-koers-lager-verwacht-heffingenoorlog-blijft-probleem/
