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Trump sends a major signal to tariffs, the dollar index rebounds slightly, gold falls below $3,000
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Hello everyone, today XM Forex will bring you "[XM Group]: Trump has released a major signal of tariffs, the US dollar index rebounded slightly, and gold fell below $3,000." Hope it will be helpful to you! The original content is as follows:
On April 7, in the early trading of Asian market on Monday, Beijing time, the US dollar index hovered around 102.72. Last Friday, the U.S. dollar index rebounded slightly and returned to above the 103 mark for a time, finally closing up 0.89% to 102.93 as investors continued to weigh the impact of U.S. tariffs on global trade and the economy. The benchmark 10-year U.S. Treasury yield closed at 4.009%; the two-year U.S. Treasury yield closed at 3.662%. As the intensified trade war sparked concerns about a global recession, investors sold gold to make up for their losses in the wider market collapse, spot gold once plummeted more than 3%, and fell to an intraday low of $3,015.53 intraday, falling nearly $100 from the high, and finally closed down 2.4% at $3,038.71 per ounce. Spot silver plummeted 7.01% to $29.57 per ounce. Precious metals continued to plummet at the beginning of Monday, and the Federal Reserve's expectation of interest rate cuts continued to rise, moving closer to the five interest rate cuts throughout the year. International oil prices continued to plummet as tariffs and investors expect the U.S. to fall into a recession higher. WTI crude oil finally closed down 6.39% at $62.08 per barrel; Brent crude oil closed down 5.58% at $65.71 per barrel. Brent crude oil prices fell 10.9% last week, the biggest one-week decline in a year and a half, while WTI crude oil prices fell 10.6%, the biggest one-week decline in two years.
Analysis of major currencies trends
Dollar Index: As of press time, the US dollar index hovers around 102.72. Index thrills after President Donald Trump announced his so-called "liberation day" WednesdayThe decline accelerated again, which also strengthened the prospects of a transatlantic trade war and added additional momentum to the idea of a slowdown in the U.S. economy. Technically, the US dollar index is trying to close above the 102.70 level. If this attempt is successful, it will move towards the nearest resistance level 103.20–103.40.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On the Asian session on Monday, gold trading around 2984.12. Spot gold continued to fall, losing the 3,000 integer mark, as international trade concerns heated up, U.S. stock index futures continued to plummet, and Japanese, Australian and New Zealand stock markets also followed the decline, and investors continued to sell gold to make up for their losses in the wider market collapse.
2) Analysis of crude oil market trends
On the Asian session on Monday, crude oil trading was around 59.60. The decline in oil prices reflects uncertainty in the market and may suppress global crude oil prices in the short term, especially if trade tensions hinder economic growth in major oil-consuming regions. As the market absorbs the full impact of tariffs, volatility may increase. In the next week, the market will closely monitor the actual implementation of tariff policies in various countries and whether OPEC+ will send a signal of production adjustment. In this eventful spring, the pricing logic of the crude oil market is being xmaccount.completely rewritten.
Forex market trading reminder on April 7, 2025
①To be determined China's foreign exchange reserves in March
②14:00 Germany's seasonally adjusted industrial output monthly rate in February
③14:00 Germany's seasonally adjusted trade account in February
④14:00 UK's March Halifax seasonally adjusted housing price index monthly rate
⑤16:30 Eurozone April Sentix Investor Confidence Index
⑥17:00 Eurozone February retail sales monthly rate
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