The US dollar rose strongly! Trump announced a 25% tariff, sending a major signal to China!

On March 27, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 104.22. On Wednesday, the US dollar index continued to rise and finally closed up 0.43% to 104.67 after people familiar with the matter said Trump was preparing to announce car tariffs as soon as local time (it has now announced a 25% tariff on all imported cars). The benchmark 10-year U.S. Treasury yield closed at 4.3530%; the two-year U.S. Treasury yield closed at 4.0370%. As the yields of US dollar and US bonds rose, spot gold fell and finally closed down 0.02% at $3,019.08 per ounce. Spot silver finally closed down 0.26% at $33.62 per ounce. Concerns about tighter global oil supply is intensified as EIA data shows that U.S. crude oil and fuel inventories and the U.S. threats to impose tariffs on countries that buy Venezuelan crude oil. WTI crude oil finally closed up 1.07% at $69.88 per barrel; Brent crude oil closed up 1.22% at $74.01 per barrel.

Analysis of major currencies

Dollar Index: As of press time, the US dollar index hovers around 104.57. The U.S. dollar benefited from stronger-than-expected U.S. durable goods order data in February, which was previously raised. Trump announced that copper tariffs will arrive earlier than market expectations, which helped the dollar rise. Ukraine and Russia may ceasefire in the Black Sea, which puts early downward pressure on the dollar index, but peace talks face major obstacles. Technically, if the U.S. dollar index climbs above the 104.50 level, it will move towards resistance at 105.50–105.70 Move.

Euro: As of press time, the euro/dollar hovers around 1.0753. The euro/dollar accelerated downward on Wednesday, falling more than a quarter on Wednesday, falling below 1.0750 for the first time since the first week of March. The pair has fallen for six consecutive trading days, and as April 2 approaches, worsening market sentiment about the trade war will further weaken risk appetite in the avatradescn.coming days. Technically, falling below the 1.0760 level will push the EUR/USD to the next support level 1.0630–1.0650.

GBP: As of press time, GBP/USD hovers around 1.2886. The pound/dollar fell on Wednesday, down 6-tenths from top to bottom and fell below the 1.2900 mark as market sentiment shrank due to a new round of tariff threats from U.S. President Donald Trump. As the Trump administration prepares to spark a trade war with everyone on April 2, the economy suddenly becomes meaningless. Technically, if GBP/USD closes below the 1.2900 level, it will move towards the nearest support level, i.e. the 1.2810–1.2830 range.

Analysis of gold and crude oil market trends

1) Analysis of gold market trends

Thursday, gold trading around 3025.48. According to the Wall Street Journal, headlines that Trump is considering announcing a limited tariff plan and auto tariffs have failed to gain attention from gold and silver traders. Although gold prices are still under mild downward pressure, precious metals are still firmly above the $3,000 support level, giving buyers hope for higher prices.

Technical: The market is waiting for new catalysts, which may push the price to an all-time high or break through the strong bottom of US$3,000. The Relative Strength Index (RSI) is bullish, but turns flat after a few consecutive days of slight declines, indicating that sellers have lost their strength. That said, if gold breaks through this week's high of $3036, this could exacerbate testing of the all-time high of $3057. A breakthrough through the latter will pave the way for testing $3,100. Conversely, if gold falls below $3,000, this will bring the February 24 swing high of 2956USD, then the $2900 mark and the 50-day simple moving average (SMA) $2887.

2) Analysis of crude oil market trends

On Thursday, crude oil trading around 69.61. International oil prices fluctuated, fears of tighter global supply growing after the U.S. threatened to impose tariffs on countries that purchased Venezuelan products, and WTI prices will continue to rise to nearly four-week highs. WTI prices have been supported since U.S. President Donald Trump imposed a 25% secondary tariff on countries that buy Venezuelan oil or gas (effective April 2). According to trade data from the U.S. Department of avatradescn.commerce, the U.S. purchased $5.6 billion worth of oil and gas from Venezuela in 2024, making it one of the largest foreign oil suppliers to the U.S. last year.

Technical: As traders reacted to the EIA report, the report showed that crude oil inventories decreased by 3.3 million barrels avatradescn.compared with the previous week. If WTI crude climbs to 50MA above $71.02, it will move towards the $73.00–$73.50 resistance level.

Forex market trading reminder on March 27, 2025

①Ukrainian President Zelensky held talks with European leaders

②20:30 Number of initial unemployment claims in the week from the United States to March 22

③20:30 The final value of the annualized quarterly rate of the US real GDP in the fourth quarter

④20:30 The final value of the actual personal consumption expenditure in the fourth quarter

⑤20:30 The final value of the annualized quarterly rate of the US core PCE price index in the fourth quarter Value

⑥22:00 US February signing sales index monthly rate

⑦22:30 US to March 21 EIA natural gas inventory

⑧The next day at 04:30 US dollars delivered a speech on the economy

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