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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Foreign Exchange Market Analysis]: The US dollar index breaks through the 101 mark, and the focus turns to the US inflation figure." Hope it will be helpful to you! The original content is as follows:
On May 13, early trading in the Asian market on Tuesday, Beijing time, the US dollar index hovered around 101.65. On Monday, the US dollar index once approached 102 and finally closed up 1.37% to 101.80 as China and the United States reached a tariff reduction agreement, alleviating market concerns about the US recession. The benchmark 10-year U.S. Treasury yield closed at 4.4740%; the two-year U.S. Treasury yield closed at 4.0350%. Affected by the news of the Sino-US economic and trade talks, spot gold fell below $3,210/ounce for a time, and finally closed down 2.73% to $3,235.58/ounce. Spot silver finally closed down 0.43% at $32.58 per ounce. International oil prices rose by 3% at one point as China and the United States ended their trade talks with a positive trend, but OPEC's production increase plan limited the increase. WTI crude oil finally closed up 1.52% at $61.92 per barrel; Brent crude oil closed up 1.68% at $64.95 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 101.65. News of tariff cuts triggered a chain reaction in the market, with the yield on the 10-year U.S. Treasury bond soaring to 4.45%, approaching a high that has not been seen since early April. The widening of interest rate spread between the United States and other countries has caused the US dollar to appreciate relative to currencies in countries with lower yields. Some analysts believe that the chain effect of this correlation may lead to the market avaforexcn.completely canceling expectations for the Federal Reserve's interest rate cut in 2025. Technically, the U.S. dollar index is trying to close above resistance levels 101.40–101.60. If this attempt is successful, the U.S. dollar index will move to the next resistance level, that is, it is located in the range of 103.30–103.50.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Tuesday, gold trading around 3235.13. Gold prices fell more than 3% on Monday, after risk appetite improved after discussions over the weekend, with both sides agreeing to lower tariffs for 90 days. Wall Street made a profit after the U.S.-China agreement, under which both countries lowered tariffs and agreed to continue further negotiations to reach a trade deal after the Swiss meeting.
2) Analysis of crude oil market trends
On Tuesday, crude oil trading around 61.29. WTI oil prices rose more than $2 on Monday after a successful U.S.-China trade talks over the weekend eased tensions and showed that the world's two largest oil consumers were resolving trade conflicts. The market welcomes positive initiatives that significantly improved the demand outlook and further pushed up oil prices.
Forex market trading reminder on May 13, 2025
To be determined. US President Trump visits Saudi Arabia, Qatar and the UAE
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