Daily News

Trust Capital professional market research team updates clients on important and up to date economic events and daily newsletter. This newsletter includes important news and trend information as well as commentary and market summaries all geared towards optimizing your online trading and investment.

DAILY REPORT PRE EU DAILY REPORT PRE US

Tuesday, April 22, 2025

EUR/USD: Rises to near 1.1550, four-year highs.

At about 1.1530 on Tuesday during Asian hours, E uro continues to rise for the third straight session. The pair is rising within an ascending channel pattern, according to the technical analysis of the daily chart, which also indicates increasing purchasing pressure .

Embedded Image
Pivot Point
1.1540
Resistance Levels
1.1590
1.1660
1.1730
Support Levels
1.1450
1.1380
1.1320

GBP/USD: dges higher above 1.3350 as Trump’s attacks on Powell threaten Fed’s independence.

During Tuesday's early Asian session, the GBP/USD pair is trading in positive territory at 1.3370. The US dollar declines and creates a tailwind for a key pair due to worries about the Federal Reserve's (Fed) independence and fears of a U.S. slowdown .

Embedded Image
Pivot Point
1.3400
Resistance Levels
1.3450
1.3520
1.3590
Support Levels
1.3310
1.3240
1.3170

Dow Jones Index: Ends sharply lower following Trump’s anti-Powell tirade.

As U.S. President Donald Trump intensified his attacks on Federal Reserve Chair Jerome Powell on Monday, U.S. markets saw sharp declines, raising concerns among investors about the independence of the central bank even as they deal with the fallout from Trump's ongoing, unpredictable trade war .

Embedded Image
Pivot Point
38,400
Resistance Levels
38,600
38,800
39,000
Support Levels
38,200
38,000
37,800

Crude Oil: Rebound after sharp drop.

As markets remained cautious amid global economic uncertainty fuelled by U.S. trade tariffs and President Trump's plans to restructure the Federal Reserve, oil prices rebounded from a steep 2% decline in Asian trading on Tuesday .

Embedded Image
Pivot Point
62.80
Resistance Levels
65.00
67.00
69.00
Support Levels
61.00
59.00
57.00

Gold: Price extends fresh record run toward $3,500

Tuesday's Asian trading saw the price of gold close in on the $3,500 level as it continues to build on its record run. Due to Trump's attacks on Fed Chairman Powell and the lack of faith in the US dollar, investors are still fleeing to shelter in the traditional store of value, the price of gold .

Embedded Image
Pivot Point
3,480
Resistance Levels
3,500
3,515
3,530
Support Levels
3,460
3,445
3,430

Economic calendar:

(All times is GMT)

Time
Currency
Events
Forecast
Previous
2:00pm
EUR
ECB President Lagarde Speaks
 
 
2:00pm
USD
Richmond Manufacturing Index
-6
-4

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