Web Trader MT5 
On Monday, the S&P 500 and Nasdaq hit new all-time highs with minimal gains. The S&P 500 finished just above flat, the Dow Jones fell 0.1%, while Nasdaq gained 0.3%.
In early trading on Tuesday, stock futures edged up following new S&P 500 and Nasdaq Composite records despite no strong market rally. S&P 500 futures rose 0.15%, Nasdaq 100 futures 0.24%, and Dow futures added 60 points.
Early market gains followed President Trump’s Sunday announcement of a U.S.-EU trade deal imposing 15% tariffs on most European imports, including automobiles. Though investors largely dismissed the EU deal, they’re watching for potential agreements with other nations, particularly China, before Friday’s tariff deadline. U.S. and Chinese officials met in Stockholm on Monday for trade talks.
The EU now faces a 15% US tariff instead of the threatened 30%, though still higher than pre-April rates and the UK’s 10%. The lower rate applies to major European exports, including cars (15% instead of 25%), while EU steel and aluminum still face 50% tariffs. In exchange, the EU will allow zero-tariff American exports and purchase US energy and arms worth billions. The agreement includes EU commitments to invest $600bn in the US and spend $750bn on energy.
Tariffs and inflation are key focal points this week. The Fed will announce its interest rate decision on Wednesday, with rates expected to hold steady at 4.25-4.5%.
In the Forex market, the USD was the biggest beneficiary from the news. The dollar index (DXY) jumped more than 1% on Monday, reaching a high of 98.75. EURUSD fell 185 points to 1.1580 following the announcement of the trade deal.
Gold also fell on Monday as the USD strengthened. The precious metal dropped more than 1% to a low of $3,301 before recovering back to $3,319. Silver dropped slightly as well, reaching $37.88 before reversing back up to $38.20.
Major sell-offs also occurred in the crypto market. Ethereum fell to $3,733, short liquidations also intensified the selling pressure on different altcoins.
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