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Market News Gold rose against the trend after Trump announced reciprocal tariffs!
Markets News
Gold rose against the trend after Trump announced reciprocal tariffs!
TOPONE Markets Analyst2025-04-03 08:35:41
Hot spot tracking
- Trump signed an executive order imposing a 10% "minimum benchmark tariff" on all countries and levying reciprocal tariffs, with the EU facing 20%, Japan 24%, Vietnam 46%, and South Korea 25%. Tariff exemptions for goods under the USMCA will continue, while non-compliant tariffs remain at 25%. This news is bearish for the US dollar.
- Tesla's Q1 deliveries plummeted, marking the worst quarterly performance since 2022. This news is negative for Tesla.
- Indian automakers are lobbying to delay cuts in import tariffs on electric vehicles. This news is negative for new energy vehicle stocks.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.54% 1.0852 1.08272 GBP/USD ▲0.65% 1.30065 1.29977 AUD/USD ▲0.35% 0.6301 0.62638 USD/JPY ▼-0.24% 149.281 148.702 GBP/CAD ▲0.31% 1.85343 1.85132 NZD/CAD ▲0.41% 0.8184 0.81518 📝 Review:On Wednesday, the U.S. economic outlook was hit as Trump announced global reciprocal tariffs, with the dollar index closing down 0.49% at 103.73. The benchmark 10-year U.S. Treasury yield closed at 4.1270%, while the more policy-sensitive two-year yield ended at 3.8630%.🕵️ Operation suggestion:USD/JPY 148.177 Sell Target Price 147.426
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▲0.58% 3132.16 3134.95 Silver ▲0.58% 33.867 33.644 📝 Review:Supported by safe-haven demand and a weaker dollar, gold prices rose toward record highs on Wednesday, with spot gold ultimately closing up 0.83% at $3,139.31 per ounce. Spot silver ultimately closed down 1.14% at $33.70 per ounce.🕵️ Operation suggestion:Gold 3142.13 Buy Target Price 3167.17
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.65% 70.419 70.415 Brent Crude Oil ▼-0.86% 73.601 73.599 📝 Review:After Trump's tariff policy was announced, international oil prices plummeted, turning from gains to losses. WTI crude oil finally closed down 0.58% at $70.65 per barrel; Brent crude oil closed down 1.52% at $73.63 per barrel.🕵️ Operation suggestion:WTI Crude Oil 69.344 Sell Target Price 67.846
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲1.48% 19780.375 18734.525 Dow Jones ▲0.97% 42467 41219 S&P 500 ▲1.16% 5710.025 5473.15 US Dollar Index ▼-0.44% 103.52 102.95 📝 Review:The Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.67%, and the Nasdaq Composite increased 0.87%. Tesla (TSLA.O) rose 5.3%, Newsmax (NMAX.N) plunged 77%, Trump Media & Technology Group (DJT.O) fell 7.4%, and Pinduoduo (PDD.O) dropped more than 2%. The Nasdaq Golden Dragon China Index closed down 0.09%, Kingsoft Cloud (KC.O) rose over 4%, and Alibaba (BABA.N) fell more than 2%.🕵️ Operation suggestion:Nasdaq 100 18833.175 Buy Target Price 19999.062
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲0.51% 85597.5 84765.3 Ethereum ▼-1.83% 1878.1 1863.8 Dogecoin ▼-0.78% 0.17154 0.1694 📝 Review:From the overall trend, the Bitcoin market is currently dominated by the bearish side with a clear advantage. As of the opening, Bitcoin's price is below the 85,000-point mark. Yesterday, Bitcoin formed a strong daily bottom reversal pattern, and from a short-term perspective, the price has completely broken away from the lower central range. Currently, Bitcoin is in a 30-minute uptrend, though there are signs of stagnation in the short term. However, if the U.S. market session can rally again and break through the current resistance, the market may see another surge. In my personal view, Bitcoin's performance today is stronger than Ethereum's. However, some altcoins have experienced significant pullbacks, showing a clear polarization in the market. That said, Bitcoin is unlikely to see a waterfall-like sharp decline at the moment. The market could reverse at any time and experience a rapid rise. Investors should not be misled by so-called news or rumors but instead focus on technical analysis as the core. The current market is in the process of a bullish reversal.🕵️ Operation suggestion:BitCoin 83063.9 Sell Target Price 81266.4
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