Trump suddenly reported major news about the "China-US tariff negotiations"! , the US dollar index is below the 100 mark

On April 25, early trading in Asian market on Friday, Beijing time, the US dollar index hovered around 99.55. On Thursday, the U.S. dollar index fell back as Fed speeches pushed expectations for interest rate cuts to heat up, and eventually closed down 0.611% at 99.29. U.S. Treasury yields fell, with the benchmark 10-year U.S. Treasury yields closed at 4.325%; and the two-year U.S. Treasury yields, which are more sensitive to monetary policy, closed at 3.805%. Boosted by the dollar's decline and buying on dips, spot gold rebounded sharply, hitting a high of $3367.32/ounce, and finally closed up 1.84% at $3348.73/ounce. Spot silver fluctuated sideways above the 33 mark and finally closed up 0.02% at $33.59 per ounce. International crude oil rose slightly under the influence of the avatradescn.complex macro environment and geopolitical factors. WTI crude oil once stood above the 63 mark and finally closed up 0.76% to $62.62 per barrel; Brent crude oil closed up 0.63% to $65.66 per barrel.

Analysis of major currencies

Dollar Index: As of press time, the US dollar index hovers around 99.55. U.S. durable goods orders surged by 9.2%, driven mainly by aircraft orders, but core orders remained stable. The number of people applying for unemployment benefits for the first time rose to 222,000; the number of people applying for unemployment benefits fell to 1.841,000, which added mixed labor signals. Fed officials said interest rates will be cut in June if the recession signal is intensified, sparking hopes for loose policies. Technically, if the U.S. dollar index closes below 50MA at 99.30, it will reach the nearest support level of 98.80–99.00 range moves.

Euro: As of press time, the euro/dollar hovers around 1.1354. As investors remain concerned about U.S.-China trade tensions, downside space for major currency pairs may be limited. The final reading of the Michigan Consumer Confidence Index will be released later Friday. Technically, breaking through 50MA1.1390 ​​will open up the way to test the resistance level of 1.1450–1.1470.

GBP: As of press time, GBP/USD is hovering around 1.3312. The pound/dollar is supported by widespread rebound in risk-sensitive assets, a softening of the dollar again and lingering uncertainty in U.S.-China trade negotiations. Technically, if GBP/USD successfully closes above the 1.3320 level, it will move to the next resistance level 1.3400–1.3420.

Trend Analysis of Gold and Crude Oil

1) Gold Marketavatradescn.comTrend Analysis

On the Asian session on Friday, gold trading around 3356.13. Market sentiment remains optimistic, with Wall Street recording earnings. While traders seem to be relieved that Trump is willing to reach a deal with Beijing, China has taken a tough stance to demand the removal of all "unilateral" U.S. tariffs and clarified that they have not yet negotiated with the U.S. government.

Technical: The upward trend of gold prices has recovered, but buyers must clear the high of $3,386 on April 22 to prevent sellers from dragging down the price. The next key resistance level is $3400, then $3450 and $3500. On the other hand, if gold falls below $3300, this could test $3200 before the April 3 high of $3167. A breakout through the latter will bring the 50-day simple moving average (SMA) to $3,041.

2) Analysis of crude oil market trends

On Friday, crude oil trading was around 62.85. OPEC+ and its allies (OPEC+) members are likely to push for increased production in June and increase global supply, which could put pressure on crude oil prices. The signals released by the Sino-US trade negotiations have mixed emotions, bringing uncertainty. Crude oil futures are near the key price of $63.06 after a sharp dropStabilize, but traders are ready for reappearing volatility and market volatility.

Technical: As the overall trend still tends to decline, the rebound may still be limited unless crude oil prices can convincingly break through $63.06 and recover $64.87. If this is not possible, oil prices may fall further, moving towards the $61.53 or even $59.67 price. Adverse factors such as OPEC+'s supply risks, trade frictions and geopolitical uncertainty show that unless the buyer regains the initiative, the oil price outlook will be bearish in the short term.

Forex market trading reminder on April 25, 2025

To be determined global financial leaders attend the IMF-World Bank Spring Meeting

To be determined SEC Chairman Atkins delivered a speech

14:00 UK March seasonally adjusted retail sales monthly rate

16:00 Swiss National Bank Governor Schlegel delivered a speech

20:30 Canada February retail sales monthly rate

22:00 US April secret The final value of the University of Chigan Consumer Confidence Index

22:00 The expected final value of the US April one-year inflation rate

The next day 01:00 The total number of oil drilling rigs in the week from the United States to April 25

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