Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market analysis
The US dollar fell below the 99 mark, and gold rose sharply at the opening!
Wonderful Introduction:
I missed more in life than I have not missed, and everyone has missed countless times. So we don’t have to apologize for our misses, we should be happy for our own possession. Missing beauty, you have health: Missing health, you have wisdom; missing wisdom, you have kindness; missing kindness, you have wealth; missing wealth, you have xmtraders.comfort; missing xmtraders.comfort, you have freedom; missing freedom, you have personality...
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The US dollar fell below the 99 mark, and gold rose sharply!" Hope it will be helpful to you! The original content is as follows:
On April 21, early trading in the Asian market on Monday, Beijing time, the US dollar index hovered around 98.63. Last Friday, affected by Good Friday, the United States, many European countries, Australia and China's Hong Kong Stock Exchange were closed for one day. CME's precious metals, U.S. crude oil, foreign exchange and stock index futures contracts and Brent crude oil futures contracts under the Intercontinental Exchange (ICE) were suspended throughout the day.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 98.63. Market sentiment deteriorated sharply after the White House announced a staggering tariff of 145% on Chinese imports, followed by Beijing’s retaliation measures, imposing a 125% tariff on U.S. goods starting April 12. The Federal Reserve kept interest rates unchanged at 4.25%-4.50% at its March 19 meeting, choosing to remain cautious in an increasingly volatile environment. Officials lowered their 2025 GDP forecast to 1.7%, raising inflation expectations from 2.1% to 2.7%, highlighting concerns amid the stagflation context. Technically, as inflation remains above target, tariffs disrupt trade flows, and political noise blurs policy outlook, the dollar looks to continue to face volatility. All eyes are now turning to the preliminary PMI next week and speeches from Fed officials to find clues to the next step. Technically, the U.S. dollar index trades below its 200-day simple moving average (104.63), sending a bearish signal.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On the Asian session on Monday, gold trading around 3353.15. In the early trading of the Asian market on Monday, gold rose to around 3350 US dollars, after facing some profit rebates due to the long weekend. Uncertainty in the tariff policy of US President Donald Trump and the ongoing geopolitical tensions continue to support gold.
2) Analysis of crude oil market trends
On the Asian session on Monday, crude oil Trading around 63.12. International oil prices rose 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. Last Friday, China announced a 125% tariff on U.S. products from Saturday, far higher than the previously announced 84%. The decision xmtraders.comes after Trump raised tariffs on China to 145% on Thursday.
Forex market trading reminder on April 21, 2025
①To be determined to hold the 2025 World Bank and IMF spring meeting
②15:00 State Information Office held a press conference
③20:30 Fed Goulsby was interviewed by the media
④22:00 The monthly rate of the leading indicator of the United States Chamber of xmtraders.commerce in March
The above content is about "[XM Foreign Exchange Official Website]: The US dollar fell below the 99 mark, and gold rose sharply at the opening! The entire content of " was carefully xmtraders.compiled and edited by the editor of XM Forex. I hope it will be helpful to your transaction! Thank you for your support!
Share, just as simple as a gust of wind can bring refreshment, just as pure as a flower can bring fragrance. The dusty heart gradually opened, I learned to share, sharing is actually so simple.
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 Analysis】--USD/BRL Forecast: US Dollar Testing Major Technical Barrie
- 【XM Market Review】--BTC/USD Forex Signal: Showing Signs of Bottoming
- 【XM Group】--GBP/USD Forecast: Cable Continues to Struggle for Momentum
- 【XM Group】--EUR/USD Forex Signal: Drops Before ECB Decision
- 【XM Decision Analysis】--WTI Crude Oil Weekly Forecast: Supply Sentiment Headwind