Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market analysis
The global trade situation continues to be tense, and Powell refuses to save the market!
Wonderful introduction:
Without the depth of the blue sky, there can be the elegance of white clouds; without the magnificence of the sea, there can be the elegance of the stream; without the fragrance of the wilderness, there can be the emerald green of the grass. There is no seat for bystanders in life, we can always find our own position, our own light source, and our own voice.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: The global trade situation continues to be tense, and Powell refuses to save the market!". Hope it will be helpful to you! The original content is as follows:
On April 17, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 99.49. On Wednesday, the dollar index fell again and fell to around $99 at one point, and finally closed down 0.89% at 99.26 as traders waited for whether the Trump administration would reach a new trade deal with trading partners. U.S. Treasury yields also fell, with the benchmark 10-year U.S. Treasury yields closed at 4.282%; and the two-year U.S. Treasury yields, which are more sensitive to monetary policy, closed at 3.784%. Due to the weakening of the US dollar and the escalation of trade tensions, spot gold continued to set a record rise, refreshing its all-time high to above $3,340, soaring more than $100 in the day, and finally closing up 3.49% at $3,342.19 per ounce. Spot silver closed up 1.41% at $32.74 per ounce. Affected by the new sanctions imposed by the United States on Iran's oil exports, the two oils rebounded. WTI crude oil first fell and then rose, and recovered all lost ground during the European session and turned to rise, eventually closing up 1.78% to $61.93/barrel; Brent crude oil closed up 1.48% to $65.31/barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 99.49. With better-than-expected retail sales data in March, it rose 1.4% month-on-month to $734.9 billion, exceeding expectations of 1.3%. The annual growth rate is 4.6%, showing the resilience of consumer activities. However, market attention remains focused on trade tensions after U.S. President Donald Trump launched a new investigation into tariffs on key mineral imports — seen as an escalating non-ChinaRetaliation of tariff measures and export controls. Technically, if the U.S. dollar index closes below the 99.50 level, it will move towards the nearest support level, which is in the 98.80–99.00 range.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Thursday, gold trading around 3346.51. The dollar weakened as tensions between China and the United States increased, gold prices continued a record-breaking gain for the third time this week. These tensions have increased the appeal to safe-haven assets such as gold. The escalation of the trade war has turned market sentiment to pessimism, and US President Trump ordered an investigation into rare earth imports to impose tariffs to further escalate the dispute with China.
2) Analysis of crude oil market trends
On Thursday, crude oil trading around 62.07. International oil prices have surged sharply by more than $1 as U.S. energy secretary Chris Wright said the U.S. could cut off Iran's crude oil exports across the board to force Iran to concessions on its nuclear program. Although Trump imposed a 90-day "suspended" of high tariffs on dozens of other trading partners this week, the protracted trade confrontation between the United States and China may still lead to a decline in global trade volume and disruption of shipping paths, dragging down global economic growth and weakening crude oil demand.
Forex market trading reminder on April 17, 2025
14:00 Swiss March trade account
20:15 European Central Bank announced interest rate resolution
20:30 Number of initial unemployment claims in the week from the United States to April 12
20:30 The total number of new houses started in March in the United States
20:30 Total number of construction permits in the United States in March
20:30 Manufacturing of the Philadelphia Fed in April in the United States Industry Index
20:45 European Central Bank Governor Lagarde held a press conference
22:30 EIA natural gas inventories in the week from the United States to April 11
23:45 Federal Reserve Director Barr delivered a speech
The above content is about "[XM Foreign Exchange Decision Analysis]: The global trade situation continues to be tense, and Powell refuses to save the market!" was carefully xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Market Review】--EUR/USD Forecast: Faces Resistance Near 1.06
- 【XM Forex】--AUD/USD Forecast: Rebounds and Faces Resistance
- 【XM Market Review】--EUR/USD Forex Signal: Likely to Trade Within Narrow Range
- 【XM Market Analysis】--WTI Crude Oil Weekly Forecast: Higher Prices Amidst Noise
- 【XM Decision Analysis】--USD/PKR Forecast: Continues to Bounce from the Same Leve