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Express News | Following the release of U.S. PPI data, the U.S. Dollar Index (DXY) continued to decline, with the latest drop of 0.4% bringing it to 98.02 points.
When Divergence Becomes the Main Theme: Is Gold at the 'Pinnacle of a Generation' or at the 'Start of a New Cycle'?
In early April 2026, the global gold market finds itself in a delicate yet pivotal position. Following nearly a full year of relentless upward momentum with hardly any significant pullbacks throughout 2025, prices plunged over 20% from their historical peak of approximately $5,594 per ounce at the end of January, briefly entering what is technically considered a "bear market" (a decline of more than 20% from recent highs). However, unlike the typical collapse often observed in bear markets, this correction did not spiral into panic-driven selling. Prices repeatedly found robust support around the $4,400–$4,500 level and are currently oscillating narrowly near $4,700, with fluctuations persisting.
Express News | Following the release of the non-farm payroll data, the US Dollar Index (DXY) surged significantly in the short term, reaching a high of 100.1. Non-US dollar currency pairs generally declined, with EUR/USD and GBP/USD dropping nearly 30 points in the shor
Trump's tough rhetoric, coupled with weak demand at Japanese bond auctions, intensifies global market sell-off.
Following U.S. President Trump's statement that an "extremely forceful strike" against Iran would be carried out within the next two to three weeks, the weak performance of Japan’s benchmark government bond auction further exacerbated the global market sell-off.
Daily Summary of Investment Bank/Institution Views (2026-04-02)
Mini Program: Daily Global FX Market News Flash Overseas 1. ING Groep: Reopening of Hormuz Key to USD Decline Francesco Pesole of ING Groep stated in a report that a more significant decline in the US dollar may require the reopening of the Strait of Hormuz as a necessary condition. Trump mentioned that the US military operations in Iran might conclude within two to three weeks, while Iranian President Masoud Pezeshkian noted that Tehran has the 'necessary willingness to end the war' if certain conditions are met. However, it remains unclear whether the Strait of Hormuz will be reopened. Pesole remarked
The US dollar has returned to the 100 mark, with its monthly gain potentially reaching a new high for the year.
During the European trading session on Monday (March 30), the US Dollar Index (DXY) once again stabilized above the 100 mark against the complex backdrop of escalating conflicts in the Middle East. It reached an intraday high of 100.3399, trading within a range of 100.04 to 100.33, with a modest increase of 0.10% compared to last Friday. Since the beginning of this month, the dollar has remained in a high-level consolidation phase for several consecutive days, with cumulative gains approaching 2.72%, nearing the upper limit of its range over the past 11 months. Although daily volatility has been limited, buying pressure has remained exceptionally strong, with four consecutive sessions closing positive. In summary, the core reasons behind the dollar’s robust performance are: a sharp rise in safe-haven demand and oil prices.