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Trump’s harsh words detonated oil prices, gold and silver retreated in a stampede, and Iran released a signal that caused a huge shock in the market
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Decision Analysis]: Trump's harsh words detonated oil prices, gold and silver retreated in a stampede, and Iran released a signal that shocked the market." Hope this helps you! The original content is as follows:
Global Market Overview
On Thursday, when Trump addressed the nation during the Asian session, he said that if an agreement cannot be reached, the United States will carry out more aggressive strikes against Iran in the next two to three weeks. Subsequently, global risk sentiment deteriorated sharply, boosting the strength of the US dollar and putting significant pressure on xmmarkets.cnmodity prices. During the U.S. trading session, Iran said it was drafting an agreement with Oman on access to the Strait of Hormuz, and the market fluctuated sharply again.
The U.S. dollar index rose to 100.25 after Trump’s prime-time speech, then fell to 99.8 after news that Iran and Oman drafted an agreement on passage of the Strait of Hormuz. It finally closed up 0.002% at 100.02; the benchmark 10-year U.S. bond yield closed at 4.311%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve’s policy interest rate, closed at 3.8090%.
International gold and silver prices continued to dive as Trump's speech wiped out investors' hopes for a clear timeline for the end of the war, thereby pushing up crude oil prices and dampening hopes of interest rate cuts. After spot gold hit the $4,800 mark (a two-week high) on Thursday, the intraday trend reversed sharply, falling to around $4,550 in the afternoon. The U.S. market once rebounded to above $4,700, and finally closed down 1.7% at $4,675.64 per ounce. Spot silver once fell below the $70 mark, and the U.S. market narrowed its losses, finally closing down 2.69% at $73.02 per ounce.
Trump vowed to escalate the war with Iran in the xmmarkets.cning weeks, a move that may prolong the interruption of energy flows in the important Strait of Hormuz. WTI crude oil rose to more than $110 per barrel, and finally closed up 13.28%.It was reported at US$112.28/barrel, a one-day increase of more than US$13; Brent crude oil finally closed up 7.78% at US$106.54/barrel. Dated Brent crude, the benchmark for physical North Sea crude delivery, topped $140 a barrel on Thursday, its highest level since 2008.
Overnight market review
U.S. stocks: The three major U.S. stock indexes closed with mixed gains and losses. They fell sharply during the session and then narrowed their losses. The Dow closed down 0.13%, the S&P 500 rose 0.11%, and the Nasdaq rose 0.18%. Tesla (TSLA.O) closed down more than 5%. The Nasdaq China Golden Dragon Index closed down 0.34%.
European stocks: Most major European stock indexes fell, with Germany's DAX30 index closing down 0.59%, Britain's FTSE 100 index closing up 0.74%, France's CAC 40 index closing down 0.24%, and the European Stoxx 50 index closing down 0.67%.
Hong Kong stocks: The Hang Seng Index closed down 0.7%, and the Hang Seng Technology Index closed down 1.63%. The trading volume of the Hang Seng Index reached HK$243.628 billion. On the market, xmmarkets.cnmercial aerospace, Apple concept, optical xmmarkets.cnmunications, chip stocks, precious metals and other sectors were among the top losers, while pork, batteries, automobiles, sporting goods, and food stocks were among the top gainers. In terms of individual stocks, Everest Gold (01815.HK) fell by more than 12%, Lens Technology (06613.HK) fell by more than 9%, Shanghai Fudan (01385.HK) fell by more than 7%, and Huahong Semiconductor (01347.HK) fell by more than 9%. 5%; Chery Automobile (09973.HK) rose by more than 15%, Geely Automobile (00175.HK) rose by more than 8%, Dekang Agriculture and Animal Husbandry (02419.HK) rose by nearly 6%, and 361 Degree (01361.HK) rose by more than 5%.
A-shares: The three major A-share indexes opened lower and moved lower. As of the close, the Shanghai Stock Exchange Index fell 0.74%, the Shenzhen xmmarkets.cnponent Index fell 1.6%, and the ChiNext Index fell 2.31%. The turnover of Shanghai and Shenzhen stock markets was 1.84 trillion, a decrease of 169.5 billion from the previous trading day. On the market, the oil sector continued to rise, with China Petroleum Engineering reaching its daily limit in the afternoon. The innovative drugs sector bucked the trend and rose, with Jinyao Pharmaceutical having a five-game winning streak, and Peking University Pharmaceuticals and Yibai Pharmaceutical having a two-game winning streak. The pork sector was active throughout the day, Superstar Agriculture and Animal Husbandry rose by the limit, and Dayu Biotech rose by more than 7%. The power sector was partially active, with Leshan Electric Power, Sichuan Power and others rising by their daily limit. The concept of optical fiber continues to be strong. Zhongli Group has 6 boards in 10 days, and YOFC and Hengtong Optoelectronics have followed suit. In terms of decline, xmmarkets.cnputing power concepts, semiconductors, hotels and restaurants, real estate and other sectors were among the top decliners. Nearly 4,400 stocks fell in the market.
Domestic market news
1. Xi Jinping published an important article: The 7th issue of "Qiushi" magazine published on April 1 published Xi Jinping's important article "Establishing and practicing the correct view of political performance", emphasizing the use of the correct view of political performance to promote high-quality development.
2. Internet of Things Industry Planning: Nine departments including the Ministry of Industry and Information Technology jointly issued the "Action Plan to Promote Innovation and Development of the Internet of Things Industry (2026-2028)", proposing that by 2028, the Internet of ThingsThe number of terminal connections strives to reach tens of billions, and the scale of core industries exceeds 3.5 trillion yuan.
3. New regulations on credit repair: The "Credit Repair Management Measures" are officially implemented. Untrustworthy information is classified and managed according to severity, and online free application for repair is supported.
4. Financial regulatory penalties: Postal Savings Bank Jiaokou County Branch was fined 300,000 yuan for defects in cash operation management; Postal Savings Bank Qingyang Branch was fined 400,000 yuan for loan management violations, and 21 people were held accountable.
5. Corporate news: Dongpeng Beverage plans to repurchase 1 billion to 2 billion yuan of shares for cancellation; Shanghai Electric Co., Ltd. plans to invest 6.8 billion yuan to build a printed circuit board production project; Jerry Co., Ltd. signed a gas turbine generator sales contract of about 2.08 billion yuan.
6. Environmental protection and energy: my country’s first 100-kilometer long-distance carbon dioxide pipeline has been operating smoothly for more than 1,000 days, and the total amount of carbon dioxide injected has exceeded 1.3 billion cubic meters; the photovoltaic industry is facing a large-scale decommissioning wave, and xmmarkets.cnpanies have stepped up their efforts in recycling.
International Market News
1. Trump’s speech shocked the market: On the evening of April 1, local time, U.S. President Trump delivered a national address, claiming that the war against Iran had achieved a “quick, decisive, and overwhelming victory” and that the core strategic goals of the U.S. war against Iran were “nearly xmmarkets.cnpleted.” Trump said that the war against Iran is expected to xmmarkets.cnplete all military objectives in a "very short period of time." "In the next two to three weeks, we will attack them extremely violently...At the same time, negotiations are also ongoing." This statement was in contrast to the previous market expectations of "ending the war within two to three weeks," and became the trigger for violent fluctuations in global capital markets that day.
2. The leader of the U.S. Senate criticized Trump: U.S. Senate Democratic leader Chuck Schumer criticized Trump's national address as "disorganized and confusing", failing to clearly state the goals of military operations against Iran, alienating allies, and turning a blind eye to the daily problems faced by the American people.
3. The U.S. Embassy in Iraq issued a security warning: The U.S. Embassy in Iraq issued a security warning on the 2nd, saying that Iraqi militia forces may launch an attack in the center of Baghdad in the next 24 to 48 hours, urging American citizens in Iraq to evacuate Iraq immediately.
4. Gulf countries are considering building new oil pipelines to bypass the Strait of Hormuz: The British "Financial Times" reported on the 2nd that due to the "unclear prospects" of the Strait of Hormuz, some Gulf countries are considering building new oil pipelines to bypass the Strait to export oil and natural gas.
5. ADP employment in the United States exceeded expectations in March: U.S. ADP employment increased by 62,000 in March, higher than market expectations of 40,000, and the previous value was 63,000. The job market remains resilient.
6. The U.S. ISM manufacturing PMI in March was higher than expected: The U.S. ISM manufacturing PMI in March recorded 52.7, higher than the expected 52.3 and the previous value of 52.4, continuing to be in the expansion range.
7. U.S. retail sales rebounded month-on-month in February: U.S. retail sales in February recorded a month-on-month decrease of 0.6%, higher than the 0.5% expected, and the previous value was -0.2%. Data suggests consumer spending has picked up.
Today's main financial data and events
①09:45 China's March RatingDog service industry PMI
②14:45 France's February industrial output monthly rate
③20:30 U.S. unemployment rate in March
④20:30 U.S. non-agricultural employment population after seasonal adjustment
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⑤20:30 The annual average hourly wage rate in the United States in March
⑥20:30 The average hourly wage monthly rate in the United States in March
⑦21:45 The final S&P global services PMI value in the United States in March
The above content is about "[XM Foreign Exchange Decision Analysis]: Trump's harsh words detonated oil prices, and gold and silver retreated in a stampede The entire content of "Iran Releases Signal Market Shock" was carefully xmmarkets.cnpiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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