Trump suspends 90-day reciprocal tariffs "small composition" to come true, the US dollar falls first and then sells

On April 10, in the early trading of the Asian market on Thursday, Beijing time, the US dollar index hovered around 102.72. On Tuesday, the US dollar index fell and fell below the 103 mark, eventually closing down 0.51% to 102.97. The benchmark 10-year U.S. Treasury yield closed at 4.304%; the two-year U.S. Treasury yield closed at 3.738%. Spot gold continued to rise and fall during the day. It once rebounded above the $3020 mark before the US session, and then gave up all the gains, falling again to $3000 mark, falling to $2974.76, and finally closed flat at $2982.56/ounce. Spot silver closed down 0.85% at $29.73 per ounce. International oil prices continued to fall, falling 4% again. WTI crude oil fell by more than 5% during the session, hitting a new low since April 12, 2021, and finally closed down 4.74% at $57.86 per barrel; Brent crude oil closed down 4.52% at $61.33 per barrel.

Analysis of major currencies trends

Dollar Index: As of press time, the US dollar index hovers around 102.72. After the minutes of the Federal Reserve's March meeting were released, policy makers pointed out that there will be "hard trade-offs" in the future, citing the risk of a aihuaforex.combination of rising inflation and slowing growth. Technically, from a technical point of view, the US dollar index found support around 102.00 and tried to rebound above 102.50. If this attempt is successful, the US dollar index willMove towards the nearest resistance level, which is in the range of 103.20–103.40.

Euro: As of press time, the euro/dollar hovers around 1.0978 Euro/dollar is still in trouble. Although investors' risk appetite generally rebounded after the United States once again abandoned its tariff policy, it still hovered between 1.1000 and 1.0900. U.S. President Donald Trump announced through a social media post that his administration will postpone “reciprocity” tariffs for 90 days, although there are still 10% full tariffs. Investors around the world soon found the buy button in the news, however, the euro briefly rebounded to the 1.1100 mark quickly disappeared, leaving Fiber in a familiar congestion area. Technically, if the EUR/USD falls below the 1.1000 level, it will move towards the nearest support level 1.0920–1.0935.

GBP: As of press time, GBP/USD is hovering around 1.2841. The global market response was a general surge, and the stock rose only 0.3% despite the limited bullish interest in Cable. U.S. President Donald Trump still imposes a 10% "reciprocal" tariff as the White House gives most of its trading partners time to negotiate the levels of tariffs initially calculated by dividing imports by U.S. exports, but the Trump administration still raises tariffs on Chinese goods to 125%, a retaliatory move after China itself imposes an 84% retaliatory tariff on U.S. goods, which almost only affects U.S. agriculture. Technically, falling below the 1.2780 level will push the GBP/USD to the next support level 1.2680–1.2700.

Analysis of gold and crude oil market trends

1) Analysis of gold market trends

Thursday, gold trading around 3091.06. , 90 days after Trump approved the suspension of tariffs, gold prices rose more than 3%, trying to recover the high of $3,100 per ounce and are expected to have its best performance since October 2023. Trump said he authorized the suspension of new tariffs on many countries for 90 days, even though he raised tariffs on Chinese imports and took effect immediately. Fearing that tariffs would trigger inflation and hinder economic growth, investors fled the stock market and industrial aihuaforex.commodities to invest in gold.

Technical: If it is close to the historical high, it will appear slightly above the price levelThere is a top trend channel line, and the short-term rising ABCD target is slightly higher, at $3177. This channel line forms a resistance level in the near future and may form a resistance level again in the future. Further upside is the convergence point of the two indicators at $3199.

2) Analysis of crude oil market trends

Weekly https://aihuaforex.com, crude oil trading around 61.38. Crude Oil Following Donald Trump's announcement that he will suspend tariffs on non-retaliatory countries for 90 days. At the same time, he also raised China's tariffs to 125%.

Technical: If WTI oil prices climb above the resistance level between $62.50 and $63.00, it will move towards the next resistance level of $67.00 – $67.50.

Forex market trading reminder on April 10, 2025

①09:30 China's March CPI annual rate

②18:00 RBA Chairman Brock delivered a speech

③20:30 US March unseasoned annual rate

④20:30 US March seasonally adjusted CPI monthly rate

⑤20:30 US March seasonally adjusted CPI monthly rate

⑤20:30 US March seasonally adjusted CPI monthly rate

⑤20:30 US March seasonally adjusted core CPI monthly rate

⑦20:30 US March seasonally adjusted core CPI annual rate

⑧20:30 US Federal Reserve Barkin issued Speech and participate in the Q&A

⑨22:00 Fed Schmid delivered a speech on economic and monetary policy

⑩22:30 EIA natural gas inventories in the United States to April 4

? The next day, EIA released its monthly short-term energy outlook report

? The next day, Fed Goulsby delivered a speech at the New York Economic Club

The above content is about "[AIhua Foreign Exchange Decision Analysis]: Trump's "small aihuaforex.composition" of suspending 90-day reciprocating tariffs has aihuaforex.come true, the US dollar fell first and then opened" was carefully aihuaforex.compiled and edited by the Avatrade Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!

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