29 July 2025,05:56
Daily Market Analysis
29 July 2025, 05:56
Key Takeaways:
*US Stocks Edge Higher as Big Week of Risks, Earnings Begins
*Federal Reserve meeting in focus, with markets betting on a dovish tone even as rates are expected to remain unchanged.
Market Summary:
US equities edged to fresh highs in muted Monday trading, as investors weighed a new US-EU trade pact against a barrage of looming catalysts—ranging from Big Tech earnings to the Federal Reserve’s policy decision and key US economic data.
The S&P 500 posted a sixth straight record close, rising slightly above the flatline. The Nasdaq Composite added 0.3%, also setting a fresh high, while the Dow Jones Industrial Average slipped 0.2%, dragged by weakness in cyclical names.
Trade Relief, but Caution Prevails:
Market sentiment was supported early in the session by news that the US and European Union had reached a preliminary trade agreement, capping tariffs on EU imports at 15%—half the level previously threatened. President Trump hailed the deal as “the biggest of them all,” though European officials struck a more cautious tone. The muted reaction in markets suggests optimism remains tempered ahead of key macro risks.
Mega Week of Earnings, Fed in Focus:
Traders now turn their attention to what may be the most consequential week of the quarter. Over 150 S&P 500 companies are set to report results, with Meta (META) and Microsoft (MSFT) on deck Wednesday, followed by Amazon (AMZN) and Apple (AAPL) Thursday. Given tech’s dominant role in the 2025 rally, results from these names could define near-term sentiment.
The Federal Reserve kicks off its two-day meeting Tuesday, with a decision due Wednesday. While policymakers are widely expected to hold rates at 4.25%-4.50%, investors will parse Chair Powell’s tone for any pivot toward rate cuts—possibly as early as September. Market focus also remains on inflation trends and the July jobs report due Friday.
The Nasdaq continues its bullish momentum, having recently broken past previous highs and now testing Fibonacci expansion resistance at 23,585.00.
🔹 Trend Structure:
• Price action remains in a clean uptrend, supported by higher highs and higher lows.
• A confirmed breakout above 23,585.00 may pave the way for the next extension target at 25,350.00.
🔹 Momentum Indicators:
• MACD is showing a mild bullish bias but the histogram is flattening, indicating weakening upside momentum in the short term.
• RSI remains elevated at 73, suggesting overbought conditions and a possible consolidation or minor pullback before the next leg up.
Resistance Level: 23585.00, 25350.00
Support Levels: 22200.00, 21230.00
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
