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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[AvaTreade]: The United States does not seek to depreciate the US dollar in tariff negotiations, and its focus will turn to Powell and the United States hard data." Hope it will be helpful to you! The original content is as follows:
On May 15, early trading in the Asian market on Thursday, Beijing time, the US dollar index hovered around 100.94. On Wednesday, the U.S. will not seek a weak dollar in tariff negotiations after market news said the U.S. trade tariff agreement with Japan, South Korea and India was "closely reached", and the U.S. will not seek a weak dollar in tariff negotiations. The U.S. dollar index rebounded after falling close to the $100 mark and finally closed up 0.11% to 101.04. The benchmark 10-year U.S. Treasury yield closed at 4.5380%; the two-year U.S. Treasury yield closed at 4.0570%, which is more sensitive to monetary policy. Spot gold hit a more than one-month low as trade optimism heated up, ending down 2.24% to $3,176.58 per ounce. Spot silver finally closed down 2.1% at $32.20 per ounce. EIA data showed that U.S. crude oil inventories increased last week, causing investors to worry about oversupply. WTI crude oil finally closed down 1.19% at $62.82 per barrel; Brent crude oil closed down 1.16% at $65.77 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 100.94. It fell to the 100 mark on Wednesday around 100.60. The decline www.avaforexcn.comes after U.S. inflation data fell below expectations and confirmation of U.S. and South Korea's negotiations on currencies, Bloomberg reported. The US dollar is at a disadvantage in the face of most major Asian currencies. Technically, if the U.S. dollar index rebounds above the 101.00 level, it will move towards resistance at 101.40–101.60.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Thursday, gold trading around 3182.48. As risk appetite improvement and trade negotiations make progress, the potential upward space for gold may be restricted in the short term. As tensions in the global trade war ease, precious metals remain on the defensive, forcing investors to stay away from safe-haven demand. The United States and China agreed to lower tariffs on each other after two-day negotiations in Geneva, Switzerland. The United States lowered tariffs on Chinese imports from 145% to 30%, while China lowered tariffs on U.S. imported goods from 125% to 10%.
2) Analysis of crude oil market trends
On Thursday, crude oil trading around 61.78. WTI prices fell sharply due to unexpected rise in U.S. crude oil inventories and concerns about demand. U.S. crude oil inventories unexpectedly increased last week, sparking concerns among investors about oversupply. The U.S. Energy Information Administration (EIA) weekly report shows that U.S. crude oil inventories rose by 3.454 million barrels in the week ending May 9, www.avaforexcn.compared with a decrease of 2.032 million barrels the previous week. The market generally expects inventory to drop by 1 million barrels.
Forex market trading reminder on May 15, 2025
①To be determined the Federal Reserve holds the Thomas Laubach Research Association
②To be determined Zelensky and Putin have direct negotiations
③14:00The initial value of the first quarter GDP annual rate in the UK
④14:00The UK’s three-month GDP monthly rate in March
⑤14:00The UK’s March seasonally adjusted www.avaforexcn.commodity Trade account
⑥14:00 UK's March industrial and manufacturing output monthly rate
⑦14:45 France's April CPI monthly rate final value
⑧16:00 IEA released its monthly crude oil market report
⑨17:00 Eurozone's first quarter GDP annual rate correction value
⑩17:00 Eurozone's first quarter quarterly adjusted employment final value
17:00 Eurozone Monthly rate of industrial output in March
20:30 Monthly rate of wholesale sales in Canada in March
20:30 Number of people who requested unemployment benefits in the week from the United States to May 10
20:30 Monthly rate of retail sales in the United States in April
20:30 Monthly rate of PPI in April
20:30 Monthly rate of PPI in April
20:30 New York Fed Manufacturing Index in May
20:30 US Federal Reserve Manufacturing Industry in May
20:30 US Federal Reserve Manufacturing Industry in May
20:30 US Federal Reserve Manufacturing Industry in May Index
20:40Federal Chairman Powell delivered a speech at the meeting
21:15U.S. industrial output monthly rate in April
22:00U.S. NAHB real estate market index in May
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