The US dollar and US debt were "abandoned"?

The US dollar remained flexible against other currencies earlier on Thursday after two consecutive days of gains. The U.S. Economic Calendar will release the number of people requesting weekly unemployment benefits, durable goods orders and existing home sales data for March. Investors will continue to assess the latest developments surrounding the Sino-US trade conflict and closely monitor avatradescn.comments from the central bank governor.

The Wall Street Journal reported on Wednesday that the White House is considering cutting tariffs on Chinese goods to ease the trade conflict. Later in the day, U.S. Treasury Secretary Scott Bessent pointed out that President Donald Trump did not unilaterally propose lowering tariffs on China, but said the current tariff levels would not be sustainable for either party, adding that he would not be surprised if they were lowered in a avatradescn.common way. Major Wall Street stock indexes closed higher on Wednesday, while the US dollar index closed higher. Meanwhile, data from the U.S. shows that private sector business activity continues to expand, despite slowing growth in April, with the S&P Global avatradescn.comprehensive Purchasing Managers Index falling from 53.5 to 51.2. In early Thursday, U.S. stock index futures fell slightly, with the US dollar index consolidating gains around 99.50.

Euro/USD remained stable in the first half of Wednesday after a sharp decline on Tuesday, and then lost its foothold during the U.S. trading session. After a drop of nearly 1% on the day, the EUR/USD made a technical correction in early European session Thursday and traded in the positive zone around 1.1350. Investors will keep an eye on Germany's IFO sentiment later in the sessionaccording to. Several European Central Bank (ECB) policy makers will also make speeches.

Basic foreign exchange market trend:

The pound/dollar continued its decline on Wednesday, setting a week's lowest single-day closing price below 1.3250. The pair rose slightly in early European session, but remained below 1.3300. Speaking at an International Monetary Fund event, Andrew Bailey, President of the Bank of England (BoE), said central banks must take the risks of global trade disruptions to economic growth very seriously.

The US dollar/JPY is ready to go, rising more than 1% on Wednesday. The pair was revised in early European trading Thursday and below 143.00. During Friday's Asian session, market participants will closely monitor Tokyo Consumer Price Index data for April.

Bulle market fundamentals:

Gold regains traction and recovers $3,300. As of press time, gold was trading at about $3,320, up about 1% on the day.

Analysis of major currency trends:

avatradescn.comEuro: The intraday bias of the euro/dollar is still slightly downward. The short-term top pullback from 1.1572 may continue to move lower. But the downside space should be bound by the 38.2% retracement level of 1.1039 from 1.0176 to 1.1572. On the bright side, breaking through 1.1572 will resume a larger upward trend.

Pound: The intraday bias of pound/dollar is still slightly downward. The pullback from the short-term top 1.3422 will continue to decline. But the downside space should be bound by the 38.2% retracement level of 1.2917 from 1.2099 to 1.3422. On the positive side, a firm breakthrough of 1.3433 will resume a larger upward trend.

Yen: The intraday bias of the US dollar/yen remains upward as the rebound from the short-term bottom of 139.87 will further rise. But as long as the 38.2% retracement level of 147.12 from 158.86 to 139.87 remains unchanged, the overall risk will remain downward. On the downside, a decisive breakthrough of 139.26 will have a greater bearish impact.

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