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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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认证最优金牌级别
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
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中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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荣获2022年埃及金融博览会颁赠
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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FX168于2020年12月颁赠
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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2016最佳本土 客户服务
-
中东和北非地区（MENA）增长最快的经纪商
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2015年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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荣获2022年埃及金融博览会颁赠
-
2015最佳外汇交易平台
-
2015最佳金融交易平台
-
2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
-
金融行业的佼佼者
-
认证最优金牌级别
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2014年首届亚军
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Finance Magnates 颁发
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Finance Magnates 颁发
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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COLWMA 2024年颁赠
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
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荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年埃及金融博览会颁赠
-
荣获2022年City of London Wealth Management Awards
-
CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
-
2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
-
荣获2021年City of London Wealth Management Awards
-
FX168于2020年12月颁赠
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荣获Global Business Awards 2020
-
荣获2020年City of London Wealth Management Awards
-
Capital Finance International Magazine (CFI.co)颁赠
-
Capital Finance International Magazine (CFI.co)颁赠
-
荣获2019年City of London Wealth Management Awards
-
Shares Magazine 授予 UK Forex Awards 2018
-
Capital Finance International Magazine (CFI.co)颁赠
-
Capital Finance International Magazine (CFI.co)颁赠
-
2017年伦敦财富管理奖
-
2016最佳本土 客户服务
-
中东和北非地区（MENA）增长最快的经纪商
-
2015年最佳外汇科技提供商
-
2014年最佳外汇科技提供商
-
2014年最佳外汇科技提供商
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荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年中东地区 Brokersview 颁赠
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荣获2024年阿曼 Smart Vision 峰会颁赠
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荣获2024年迪拜外汇博览会颁赠
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荣获2024年迪拜 Forex Traders Summit 颁赠
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2024年埃及 Smart Vision 峰会颁赠
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投查查于2024年颁赠
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Capital Finance International Magazine (CFI.co) 2024年颁赠
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CFI.co于2023年颁赠
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CFI.co于2023年颁赠
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交易社区平台FOLLOWME于2022年颁赠
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2022年迪拜Forex Expo获颁赠
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2022年迪拜Forex Expo获颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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CFI.co于2022年颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance 2021颁发
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FOLLOWME于2021年颁赠
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Global Forex Awards 2021 — B2B 颁赠
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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CFI.co于2020年颁赠
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CFI.co于2020年颁赠
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荣获Global Business Awards 2020
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
FOLLOWME交易社区授予
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Global Forex Awards颁赠
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Global Forex Awards颁赠
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FinTech Age Awards颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
荣获 World Finance Forex Awards 2018 颁赠
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荣获2018年埃及金融博览会颁赠
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荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
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荣获 World Finance Forex Awards 2017
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2016年最佳黄金经纪商
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2016年最佳外汇经纪商
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2015年最佳本地客户服务
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Global Brands Magazine 颁赠
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Online Money Awards 2022 颁发
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2015最佳外汇交易平台
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2015最佳金融交易平台
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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金融行业的佼佼者
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认证最优金牌级别
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2014年首届亚军
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market news
Trade war hits air travel, analysis of short-term trends of spot gold, silver, crude oil and foreign exchange on April 9
Wonderful Introduction:
Love sometimes does not require the promise of vows, but she must need meticulous care and greetings; sometimes she does not need the tragic spirit of Liang Zhu turning into a butterfly, but she must need the tacit understanding and xmaccount.companionship with each other; sometimes she does not need the follower of male and female followers, but she must need the support and understanding of each other.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Platform]: Trade war strikes air travel, analysis of spot gold, silver, crude oil and foreign exchange short-term trends on April 9". Hope it will be helpful to you! The original content is as follows:
Global Market Review
1. European and American market conditions
The three major stock index futures fell, with Dow futures mainly blue-chip stocks falling 0.72%; S&P 500 futures falling 0.50%; and Nasdaq 100 futures mainly technology stocks falling 0.01%. European stocks fell, with the German DAX index falling 2.94%; the French CAC40 index falling 2.98%; and the UK FTSE 100 index falling 2.80%.
2. Market news interpretation
The trade war hits air travel, Delta lowers its performance expectations
Depending on the uncertainty of global trade, Delta has withdrawn its full-year performance guidance, which is a clear sign that Trump's tariff policy has brought turmoil to the American business xmaccount.community. While Delta still expects to make a profit in 2025, it declined to reiterate its forecast released in January, when the xmaccount.company said adjusted annual earnings would exceed $7.35 per share. Delta reported better-than-expected first-quarter results on Wednesday and said it will update its performance outlook later this year as the situation becomes clear.
The EU transfers the third batch of frozen Russian assets to Ukraine
On April 9, local time, Ukrainian Prime Minister Smegal confirmed that the EU has transferred the third batch of frozen Russian assets to Ukraine, with an amount of 1 billion euros (about 1.1 billion US dollars). This funding is the third transfer under the framework of the G7 Aid Ukraine initiative, and has previously transferred 5 billion yuan.EUR. According to the G7 resolution, it is planned to provide Ukraine with a total of US$50 billion in aid by freezing Russian assets, of which Europe will bear US$20 billion.
Indonesia palm oil industry organizations urged the government to reduce palm oil export tax to 0%
On Wednesday, Indonesia's palm oil industry and farmers' groups urged the government to reduce export costs to offset the impact of the 32% "reciprocal" tariff imposed by the U.S. on Indonesia's exports. "By reducing export tariffs and special export taxes to 0%, the decline in farmers-level prices can be offset to help stabilize the price of palm fruits." Indonesia imposed an export tariff and special export tax of USD 196 per metric ton on crude palm oil exports.
Delta Air Lines withdraws its full-year guidance, and its economic growth prospects are unclear.
① On April 9, 2025, Delta Air Lines announced the withdrawal of previous expectations that 2025 will be the best financial performance in its 100-year history. ②Delta CEO Ed Bastian said broad economic uncertainty in global trade has led to stagnation in growth. The xmaccount.company has revoked its adjusted earnings guidance of $7.35 per share and said it will provide updated data by the end of the year after visibility increases. ③Delta and other airlines previously expected that customer demand for leisure and business travel will be very strong this year. However, due to changes in the economic situation, Delta now plans to reduce capacity growth in the second half of the year and focus on managing costs. ④ Nevertheless, Delta's stock price rose 3.7% to $37.20 in pre-market trading.
Turkey's current account deficit in February is expected to reach US$4.3 billion
① According to Reuters on April 9, Turkey's current account deficit in February is expected to be US$4.3 billion, and the full-year deficit in 2025 is expected to expand to US$20 billion. The forecast is based on a Reuters survey of eight economists, with a forecast ranging from $3.9 billion to $4.65 billion. ② Türkiye's current account deficit was mainly driven by strong domestic demand, resulting in an increase in imports. To improve this situation, the Turkish government has taken measures to limit domestic demand and promote investment and exports. The central bank's tight monetary policy has also helped stabilize demand. ③ Türkiye's foreign trade deficit (the main part of the current account deficit) rose 14.8% to US$7.77 billion in February. The cumulative deficit from January to February rose 18.2%, to US$15.31 billion. The full-year deficit in 2024 was US$9.97 billion. ④ Despite uncertainty over global markets due to new U.S. trade protectionist measures, falling oil prices are expected to help narrow Türkiye's current account deficit. In addition, the government has restricted strong domestic demand related to gold trade through measures such as raising interest rates to reduce imports. ⑤ February data does not include the impact of recent U.S. tariff hikes and the market volatility caused by the detention of Istanbul Mayor Ekrem Imamolu in March. Türkiye's central bank will be 07:00 on April 14 (GrenichTime) Release current account data for February.
The European Central Bank's expectation of interest rate cuts has heated up
① On April 9, as the US reciprocal tariff measures took full effect, the market's expectations for global economic growth have been significantly lowered. ② The market focus turns to the response measures of central banks in various countries. Based on interest rates repricing, the market generally believes that the central bank will be forced to speed up the pace of interest rate cuts to cope with the shock of economic growth. ③For the European Central Bank (ECB), market sentiment has changed from "when will interest rate cut" to "rate and amplitude of interest rate cuts". Since the March meeting, market expectations for the April meeting have shifted from a 50% chance to a 100% rate cut, with a rate cut of 25 basis points. Meeting expectations for June and July have also been significantly adjusted. ④ The remarks of ECB official Olli Rehn supported this dovish expectation, pointing out that the downside risks of economic growth have emerged since the last meeting, and the reasons for supporting interest rate cuts are more fully supported. Meanwhile, ECB sources said the drag on economic growth by tariffs may exceed 1 percentage point, twice the previous estimate of 0.5 percentage points. ⑤ Although the market is almost certain that the ECB will cut interest rates at its April meeting and that the statement may be dovish, the euro remains resilient as traders shun the dollar.
The Bank of India strengthens risk management of gold loans
① The Bank of India proposes a number of measures to strengthen risk management of gold loans. This includes setting appropriate single borrower limits and industry limits for gold loans to avoid excessive concentration risks. ②The Bank of India also proposed to include gold collateral loan specifications in credit and risk management policies to ensure that the end use of the loan xmaccount.complies with regulations, thereby enhancing the stability of the financial system.
Germany reached a coalition government agreement
①On April 9, 2025, German conservatives reached a coalition government agreement with the center-left Social Democrats (SPD) under Friedrich Mertz, aiming to revitalize the growth of Europe's largest economy, while global trade conflict threatens the recession. ②Murts won the February election but failed to win a majority, and the far-right German Choice Party (AfD) jumped to second place. The joint agreement ended weeks of difficult negotiations between the two sides. ③ As US President Trump imposes extensive import tariffs, the urgency of the German government has further increased. ④Murts criticized the United States as an unreliable ally and promised to increase defense spending to deal with Russia's threat, while supporting xmaccount.companies facing high costs and weak demand. ⑤Murts also plans to take stricter measures on immigration policies, in contrast to former Prime Minister Angel Merkel's loose policy during the 2015 European immigration crisis. ⑥ The joint agreement still needs to be approved by members of the Social Democratic Party. If approved, conservatives will retake the premiership after a three-year term as Social Democratic Prime Minister Scholz.
3. The trend of major currency pairs in the New York Stock Exchange before the market
Euro/USD: As of 20:18 Beijing time, the euro/USD rose, and is now at 1.1050, an increase of 0.86%. Before the New York Stock Exchange, the euro (euro-dollar) fell during the session after approaching the key resistance level 1.1100. The pair are trying to gain positive momentum through this decline, which may help break through resistance. Meanwhile, it is trying to alleviate some of the overbought conditions shown by the Relative Strength Index (RSI) as the main uptrend remains under control in the short term, with prices trading along the uptrend line.
GBP/USD: As of 20:18 Beijing time, GBP/USD rose, now at 1.2778, an increase of 0.11%. Before the New York Stock Exchange, the (GBPUSD) price rose at the intraday level in recent trading, supported by the short-term major bullish trend line and accompanied by positive signals from the Relative Strength Index (RSI), causing it to recover and attack the current resistance level of 1.2864 after reaching oversold levels.
Spot gold: As of 20:18 Beijing time, spot gold rose, now at 3062.65, an increase of 2.71%. Before New York, gold prices rose strongly in recent intraday trading, supported by positive signals from the Relative Strength Indicator (RSI), reaching our first target to test the current resistance at $3,053. This happens when the main uptrend is dominant and trading occurs near the trend line.
Spot silver: As of 20:18 Beijing time, spot silver rose, now at 30.440, an increase of 2.18%. Before the New York Stock Exchange, silver rose in the intraday level in recent trading, and after reaching the highly oversold area, the relative intensity index (RSI) showed a positive signal. This makes the price try to correct some oversold situations and recover some of the previous losses.
Crude oil market: As of 20:18 Beijing time, U.S. oil fell, now at 56.220, a drop of 5.61%. Before the New York Stock Exchange, crude oil prices showed some stability in early trading and resumed their decline at the recent level, trying to recover some of the previous losses. This occurs when the relative strength indicator (RSI) sends negative signals, with bear market trends dominating in the short term.
4. Institutional View
Citi: Lower MalaysiaEconomic growth expectations
①On April 9, 2025, Citi expects Malaysia's GDP growth in the first quarter of 2025 to slow from 5.0% in the fourth quarter of 2024 to 4.8%, and lowers its full-year growth forecast for 2025 from 5.0% to 4.3%. ②Citi analyst Wei ZhengKit pointed out that the slowdown in electronic and electrical export cycles and rising tariff risks are the main reasons. Although the low costs and advantages brought by the Johor-Singapore Special Economic Zone will continue to support the long-term investment outlook, short-term uncertainty may put pressure on the economy. ③He also mentioned that policies to raise wages may boost consumption, but employment risks brought about by weak exports still exist. ④ As the downside risk increases, Citigroup expects the probability of the Malaysian Central Bank cutting interest rates by 25 basis points in May or the second half of 2025 is 30%, and this probability will rise to 40% by 2026. ⑤ Although fundamentals support the value of ringgit (Malaysian currency), tariff pressures may prompt policy makers to allow greater exchange rate flexibility to absorb external shocks.
The above content is all about "[XM Foreign Exchange Platform]: Trade War Strikes Air Travel, Analysis of Short-Term Trends of Spot Gold, Silver, Crude Oil, and Foreign Exchange on April 9". It was carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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