Date: 24 April, Thursday 2025
01 Key News Insights
White House Says Zelenskiy Taking Wrong Approach in Ukraine Peace Talks:
- President Trump is unhappy with how slowly the Ukraine peace talks are moving.
- The White House says President Zelenskiy is not taking the right approach in the negotiations
Thai PM Says US Tariff Talks Delayed for Issue Review:
- Thailand’s trade talks with the U.S. on high tariffs have been postponed.
- The delay comes after the U.S. asked Thailand to review key issues, according to PM Paetongtarn Shinawatra.
Tesla Sales Drop in Europe: Down 28% in March, 37% in Q1:
- Tesla’s European sales dropped significantly in March, capping a weak first quarter.
- The company faced pressure from a sales boycott, rising competition, and new trade tariffs.
China Tells U.S. to Avoid Pressure as Xi Criticizes Tariff Disputes:
- China told the U.S. to stop using pressure tactics to reach a tariff deal.
- This comes after President Trump hinted at lowering tariffs on Chinese goods.
The Dollar Index (DXY)
- The DXY is trading near 98.32, marking a decline of approximately 5% since early April and around 9% since the beginning of the year.
- Trump’s decision not to remove Fed Chair Jerome Powell and indications of a more conciliatory approach toward China on tariffs have contributed to the dollar’s stabilization.
- The index is hovering around the 103.50 level, with immediate support at 103.20. On the upside, resistance is observed at 104.10.
EUR/USD
- EUR/USD steadies near 1.1340 in Thursday’s Asian session after falling for two straight days.
- The pair has broken below its ascending channel on the daily chart, signaling weakening bullish momentum.
- Technical indicators now suggest limited upside potential unless the pair reclaims the channel support.
USD/JPY
- USD/JPY stays below 143.00, continuing its pullback from the recent one-week high.
- Diverging policy views between the BoJ and Fed, along with US-Japan tariff uncertainties, are dragging the pair lower.
- Fresh selling in the US Dollar adds pressure, with focus now on upcoming US-Japan trade talks.
02 - Economic Calender
03 - Previous Day Performance
04 - Instructions/Guidelines for executing suggested trade
1.Close your trades within 8-10 hours or before 6:30 PM UTC (midnight IST), regardless of profit/ loss.
2.By chance, if you face losses in your “Primary Trade”, the “Alternative Call” is designed to recover those losses.
3.That’s why, always place the “Alternative call” alongside the “Primary Call”.
4.In case the “Alternative or Recovery Call” doesn’t get triggered the same day, a new call (or signal) will be provided the following day.
5.Generally, the Global Market Outlook Report includes signals with a higher reward-to-risk ratio (from 2:1 and higher). Therefore, consider booking partial profits in steps as follows:
a.For example, if the reward is two times the risk (or 2:1), consider booking half (or 50%) of the profit when levels reach a 1:1 ratio, and maintain the remaining position.
b.Then, when prices reach twice the risk (2:1), book the remaining 50% position.
c.To make this process seamless and smooth, consider placing two calls simultaneously with the same Stop-Loss (SL) and Entry-Level but different Target-Levels.
Note: These guidelines aim to optimize your trading strategy while managing risks effectively.
05 - Gold Analysis
Overview: Gold continues its strong bullish trend. Prices currently is near resistance. It may test the resistance and then approach support. Therefore bearishness is expected.
Biasness: Gold price regains positive traction as fading US-China trade optimism revives safe-haven demand. The US economic worries and Fed rate cut bets undermine the USD, also benefiting the commodity. A positive risk tone might hold back the XAU/USD bulls from placing aggressive bets and cap gains.
Key Levels: R1- 3355 R2- 3500
S1- 3244 S2- 3151
Technical Analysis: The prices are correcting from a confluence of resistances — the upper boundary of the ascending channel, the upper Bollinger Band, and the key psychological level of 3500. RSI also declined below 70 (66.5) from overbought zone since long.
Data Releases: Traders are waiting for initial jobless claims, durable goods orders and existing home sales data.
Alternative Scenario: If prices rise and sustains above 3355 in the next hours, then further bullishness can be expected.
While writing the report, gold is trending at 3328.0
06 - Crude Oil
Overview: The major trend of Oil is Bearish. On the 4-hour chart, Oil took support from the 61.50 level, which was previously a support zone. If oil breaches the level of 62.80 then more upside could be seen.
Biasness: Oil prices went up slightly in Asian trading on Thursday after falling sharply the day before. Investors were reacting to news that OPEC+ might increase oil production even more in June.
Key Levels: R1: 64.20 R2: 66.00
S1: 61.50 S2: 60.00
Indicator: Oil is trading around the middle Bollinger band at 62.80, a breach of this level may indicate bullishness.
Data Release: Traders are waiting for the Initial jobless claims data. If the data comes in more than expected (224K), then oil may rise.
Alternative Scenario: If Oil breaches an immediate support mark of 61.50 and trade below the middle Bollinger band, then a short term bearish view can be expected.
While writing the report, Oil is trading at 62.55
07 - USD JPY
Overview: The USD/JPY pair is currently exhibiting a bearish primary trend. On the 4-hour chart, the pair has gained strength after a strong bearish movement. Now prices may test the 0.5 and 0.6 level of Fibonacci before going up. Therefore bullishness is expected in the pair.
Biasness: USD/JPY trades below 143.00, holding its correction from over a one-week top set on Wednesday. Uncertainty over the US-Japan tariff plans and the divergent BoJ-Fed policy expectations continue to offer a double-whammy to the pair amid a fresh bout of US Dollar selling. The US-Japan trade talks eyed.
Key Levels: R1: 144.10 R2: 145.40
S1: 142.28 S2: 141.70
Indicator: Prices are above the upper Bollinger band signaling bullishness in the pair.
Macro-Economic Factors: Traders are waiting for US initial jobless claims, existing home sales data and durable goods orders. Lower jobless claims and higher readings in the other two would be bullish for USD and USD/JPY.
Alternative Scenario: If prices breach the support at 142.28 then bearishness can be expected in the pair.
While writing the report, the pair is trending at 142.77
08 - Disclaimer
- CFD trading involves substantial risk, and potential losses may exceed the initial investment.
- Signals and analysis are based on historical data, technical analysis, and market trends.
- Past performance does not guarantee future results; market conditions can change rapidly.
- Consider your risk tolerance and financial situation before engaging in CFD trading.
- Signals are for informational purposes only and not financial advice.
- Each trader is responsible for their decisions; trade at your own risk.
- The report does not consider individual financial situations or risk tolerances.
- Consult with financial professionals if uncertain about the risks involved.
- By accessing this report, you acknowledge and accept the terms of this disclaimer.
Safe trading,
Market Investopedia Ltd
