Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market analysis
Trump staged a "face-changing show", the US index approached 100 mark
Wonderful introduction:
Since ancient times, there have been joys and sorrows, and since ancient times, there have been sorrowful moon and songs. But we never understood it, and we thought everything was just a distant memory. Because there is no real experience, there is no deep feeling in the heart.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: Trump staged a "face-changing show", and the US index approached the 100 mark." Hope it will be helpful to you! The original content is as follows:
On April 24, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 99.75. On Wednesday, as Trump and Becente released optimistic signals in trade negotiations, the U.S. dollar index continued to rebound and finally closed up 0.932% to 99.9. U.S. Treasury yields rose and fell mixed, with the benchmark 10-year U.S. Treasury yields closed at 4.393%; and the two-year U.S. Treasury yields, which are more sensitive to monetary policy, closed at 3.885%. The decline in risk aversion sentiment and the rise in the US dollar caused spot gold to plummet by more than $100, once hitting the $3260 mark, and finally closed down 2.77% to $3288.44 per ounce. As demand outlook boosted, spot silver trends and gold differentiated, and eventually closed up 3.29% at $33.55 per ounce. International crude oil plunged after sources said OPEC+ would consider accelerating its oil production growth in June, but easing of trade tensions has limited its decline. WTI crude oil hit a low of $61.4 per barrel and finally closed down 2.02% at $62.13 per barrel; Brent crude oil closed down 1.81% at $65.24 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 99.75. Market volatility stems from remarks by U.S. President Trump, who said he would not fire Fed Chairman Powell (although he expressed dissatisfaction with high interest rate policies). Trump's remarks have caused the market to have certain doubts about US policies, which in turn affects the trend of the US dollar. On the daily chart, the trend of the US dollar index shows a certain weakness. The price has not broken through the 101.00 level above recently and continues to fluctuate in a lower range. Technically, the US dollar index closed at 99.39 50MAabove and try to close above 99.70. If this attempt is successful, the U.S. dollar index will move towards the next resistance level 100.20–100.40.
1) Analysis of gold market trends
On Thursday, gold trading around 3336.79. Earlier, US President Trump said he did not intend to fire the Federal Reserve Chairman and hinted that it had made progress on tariff issues, investors' appetite for risky assets has improved, the US dollar and US stocks rebounded, suppressing the gold price. After the gold price was blocked at the 3500 mark, more short-term long profit settlement also dragged down the gold price. This trading day will be released on the initial monthly rate of durable goods orders in the United States in March and the number of initial unemployment claims in the United States for the week ending April 19. Investors need to pay attention to it. In addition, we need to continue to pay attention to the relevant news about the international trade situation and geopolitical situation.
2) Analysis of crude oil market trends
On Thursday, crude oil trading around 62.18. Market sentiment is boosted by a new round of US sanctions on Iran. The US Treasury Department announced new sanctions on Said Asadora Emamyomeh, a core figure in Iran's liquefied petroleum and gas export network and its corporate system. This round of oil price increases reflects short-term positives on geopolitical and inventory side, but from a structural perspective, the market remains reserved about the demand outlook. . This trading day will be released on the initial monthly rate of durable goods orders in the United States in March and the number of initial unemployment claims in the United States for the week ending April 19. Investors need to pay attention to it. In addition, we need to continue to pay attention to the relevant news about the international trade situation and geopolitical situation.
Forex market trading reminder on April 24, 2025
To be determined G20 Finance and Central Bank Ministerial Meeting held
15:15France April Manufacturing PMI Initial Value
15:30Germany April Manufacturing PMI Initial Value
16:00Eurozone April Manufacturing PMI Initial Value
16:30Eurozone April Manufacturing PMI Initial Value
16:30Eurozone April Services PMI Initial Value
17:00Eurozone February Seasonal Adjusted Trade Account
>21:30 Fed Mousalem and Waller delivered speeches
21:45 US S&P Global Manufacturing PMI in April
21:45 US S&P Global Services PMI in April
22:00 US March total new home sales annualized
22:30 US to April 18 EIA crude oil inventories
22:30 US to April 18
22:30 US to April 18 Weekly EIA Cushing crude oil inventories
22:30 The EIA strategic oil reserve inventories in the week from the United States to April 18
The next day, the Federal Reserve announced the Beige Book of Economic Conditions
The above content is about "[XM Foreign Exchange Official Website]: Trump staged a "face-changing show", the US index approached the 100 mark", which was carefully xmtraders.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
Only the strong know how to fight; the weak are not qualified to fail, but are born to be conquered. Step up to learn the next article!
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】--EUR/USD Analysis: Bearish Momentum Drives EUR/USD Lower
- 【XM Decision Analysis】--BTC/USD Forex Signal: Double-Top Chart Pattern Forms
- 【XM Market Analysis】--BTC/USD Forecast: Continues to Look Positive but Contained
- 【XM Market Analysis】--NZD/USD Analysis: Lack of Clarity and Nervous Conditions P
- 【XM Group】--Gold Analysis: Eyes $3,000 as Bulls Dominate