Trump once again considers "relaxation" the dollar hovering around the 100 mark

On April 15, early trading in the Asian market on Tuesday, Beijing time, on Monday, the US dollar index hovered around the 100 mark. Although it once returned to above the 100 mark during the session, it failed to stand firm and finally closed down 0.15% to 99.7. The yield on U.S. Treasury yields declined, with the benchmark 10-year U.S. Treasury yields closed at 4.378%; the yield on two-year U.S. Treasury, which is more sensitive to monetary policy, closed at 3.858%. The White House has exempted some high tariffs on some smartphones and computers, and market risk sentiment has improved. Spot gold fell back, falling more than 1% during the session and fell below the $3,200 mark, but then recovered some of the lost ground and finally closed down 0.85% at $3,210.38 per ounce. Spot silver fluctuated around $32 and finally closed up 0.17% at $32.32 per ounce. The two oils rose slightly, and WTI crude oil once returned to above $62 during the session, but then gave up most of the intraday gains, and finally closed up 0.32% to $61.13 per barrel; Brent crude oil closed up 0.43% to $64.51 per barrel.

Analysis of major currencies

Dollar Index: As of press time, the US dollar index hovers around 99.96. The U.S. dollar index has continued its downward trend for the third consecutive trading day due to the escalation of the trade war between the United States (US) and China. Meanwhile, the deanning of consumer inflation expectations that U.S. importers will bear higher tariff burdens also complicates the Fed's job of maintaining price stability and full employment. From a technical point of view, if the U.S. dollar index climbs above the resistance level of 100.20–100.40, it will be on the 101.70–101.9The next resistance level in the 0 range moves.

Euro: As of press time, the euro/dollar hovers around 1.1321. The U.S. dollar continues to weaken in all respects amid the Trump administration’s latest reversal in tariff threats, but market sentiment remains sluggish due to investors’ concerns about continued trade tensions. Technically, the nearest support level of the EUR/USD is in the range of 1.1275–1.1290. A break below the 1.1275 level will open the way for testing the next support level 1.1185–1.1200.

GBP: As of press time, GBP/USD hovers around 1.3167. UK labor data will be released earlier in the London market opening on Tuesday. The ILO unemployment rate is expected to remain unchanged at 4.4% for the three months to February, while the change in the number of applicants in March is expected to drop to 30.3K from 44.2K in February. Technically, if this attempt is successful, the GBP/USD will move to the next resistance level, which is in the range of 1.3300–1.3320. RSI is in the overbought zone, but there is plenty of room for additional upward momentum in the short term.

Analysis of gold and crude oil market trends

1) Analysis of gold market trends

On Tuesday, gold trading around 3211.88. Gold prices surged and fell on Monday, falling back after a record high of 3245.51 earlier in the session, closing down 0.85% to $3210.39 per ounce as risk sentiment improved after the White House exempted high tariffs on electronic products from most countries.

Technical surface: The daily chart shows that the 14th-day relative strength index (RSI) has fallen from the overbought area, and the current trading is around 69, indicating that the pullback may be shallow. On the downside, the first competition area for bears is at the $3,200 mark, which will challenge last Friday's low of $3,176. A further decline could test the integer mark at $3100, followed by a 21-day moving average (SMA) resistance at $3074 to support. Instead, the record high of $3,245 is a direct upper barrier for gold buyers. A breakout through this level will open the door to the $3,300 mark.

2) Analysis of crude oil market trends

On Tuesday, crude oil trading around 61.29. Crude oil prices are still fluctuating within the range and lack clear directional momentum. In breaking through 63.The outlook remains bearish before $70 may appear. In the short term, the oil price trend may still be limited to the current range, and the downward pressure will gradually increase.

Technical: The price of WTI crude oil futures fluctuates between US$59.53 and US$62.68, indicating that the market is strong and waiting for a breakthrough opportunity. If the price breaks through $62.68, the target may point to $68.30 where the 50-day moving average is; if it falls below $59.53, it may test the support level of $53. Goldman Sachs lowered its oil expectations and expects that the average price of West Texas Intermediate (WTI) in the United States will be $59 and Brent will be $63 for the rest of 2025.

Forex market trading reminder on April 15, 2025

14:00UK unemployment rate in March

14:00UK unemployment benefit applicants in March

14:00UK March

14:45France March CPI final value

16:00IEA released its monthly crude oil market report

17:00Germany April ZEW economic prosperity index

17:00Eurozone April ZEW economic prosperity index

17:00Eurozone February industrial output monthly rate

20:30 Canada's March CPI monthly rate

20:30 US New York Fed Manufacturing Index

20:30 US March Import Price Index

The next day, the European Central Bank Governor and the President of the European Council held a dinner

The next day, the 04:30 US to April 11 API crude oil inventories

The above content is all about "[XM Foreign Exchange]: Trump once again considers "relaxing" the US dollar hovering around the 100 mark". It is carefully 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!