{"id":17665,"date":"2025-04-10T08:51:31","date_gmt":"2025-04-10T08:51:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17665"},"modified":"2025-04-10T08:51:31","modified_gmt":"2025-04-10T08:51:31","slug":"forex-market-analysis-10-april-2025","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-10-april-2025\/","title":{"rendered":"Forex market analysis: 10 April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/51-1024x536.png\" alt=\"\" class=\"wp-image-17667\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Global markets jumped on signs of easing trade tensions, but the mood didn\u2019t last in US tech stocks. Optimism gave way to caution as investors weighed the credibility of shifting policy signals and the persistence of inflation. While Asian and European markets held onto gains, Wall Street lost steam\u2014highlighting the fragile confidence driving recent price action.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Nasdaq 100 slips despite global rally as tech sentiment sours<\/strong><\/h2>\n\n\n\n<p>Global equity markets surged overnight, yet the Nasdaq 100 struggled to maintain early momentum, closing Thursday\u2019s session 1.26% lower at 18,924.20.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Asian stocks bounced back, following a day of wild swings on Wall Street <a href=\"https:\/\/t.co\/SELJiehGCU\">https:\/\/t.co\/SELJiehGCU<\/a> <a href=\"https:\/\/t.co\/LEbG907J1m\">pic.twitter.com\/LEbG907J1m<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1909471267830522005?ref_src=twsrc%5Etfw\">April 8, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The index briefly touched 19,244.60 earlier in the day but later reversed gains as US tech sentiment weakened.<\/p>\n\n\n\n<p>Investors grew cautious amid concerns over the durability of policy relief and its ability to support long-term growth in the tech sector.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>US tariff policy sparks doubt despite initial optimism<\/strong><\/h2>\n\n\n\n<p>Markets initially welcomed President Donald Trump\u2019s decision to <a href=\"https:\/\/www.aljazeera.com\/news\/liveblog\/2025\/4\/9\/trump-tariffs-stocks-dive-as-world-braces-for-duties-to-begin-at-midnight\" target=\"_blank\" rel=\"noopener nofollow\" title=\"delay most new tariffs\">delay most new tariffs<\/a> for 90 days, fuelling a strong relief rally across Asia and Europe.<\/p>\n\n\n\n<p>However, optimism faded quickly as investors assessed the fine print\u2014tariffs on Chinese goods were hiked to 125%, and a blanket 10% tariff remains on all other imports.<\/p>\n\n\n\n<p>The limited scope of the pause reignited concerns about policy clarity and leadership direction.<\/p>\n\n\n\n<p>Commentators noted the erratic nature of White House decisions during a time of elevated market stress.<\/p>\n\n\n\n<p>Martin Whetton from Westpac described the reaction as markets watching on \u201cwith horror,\u201d as policy pivots were accompanied by distractions like executive orders on water pressure.<\/p>\n\n\n\n<p>While Japan\u2019s Nikkei 225 soared by 8% and European futures jumped similarly, US tech stocks failed to follow suit.<\/p>\n\n\n\n<p>A growing \u201csell America\u201d trend appears to be taking hold, with capital flows shifting towards traditional safe havens such as the yen, Swiss franc, and gold, rather than the US dollar or equity indices.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Bond yields ease but core risks persist<\/strong><\/h2>\n\n\n\n<p>Following a sharp sell-off in the bond market, US 10-year Treasury yields moderated to 4.2774%, down from a recent high of 4.5150% that had sparked fears of another \u201cdash for cash.\u201d<\/p>\n\n\n\n<p>Despite this easing, structural concerns remain. Analysts at LPL Financial highlighted persistent inflation, reduced global demand, hedge fund deleveraging, and market illiquidity as ongoing threats to stability.<\/p>\n\n\n\n<p>Minutes from the Federal Reserve\u2019s latest meeting confirmed policymakers remain focused on taming inflation, showing little urgency to cut rates.<\/p>\n\n\n\n<p>Market expectations for rate cuts by year-end have adjusted accordingly, now pricing in 80 basis points of easing, down from 100 earlier this week.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis: Bullish structure holds despite resistance<\/strong><\/h2>\n\n\n\n<p>From the recent low at 16,633.95, the Nasdaq 100 has staged a strong V-shaped recovery, with price action shifting decisively from lower lows to higher highs.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/2.4_1-1024x449-2.jpg\" alt=\"\" class=\"wp-image-17666\" \/><figcaption class=\"wp-element-caption\">Buyers dominate the second leg as resistance at 19244.6 briefly caps the move, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Momentum indicators remain supportive\u2014the MACD crossed bullishly well below the zero line, with growing green histogram bars suggesting underlying strength.<\/p>\n\n\n\n<p>Moving averages across the 5, 10, and 30-period windows are stacked in a bullish formation, reinforcing the upward trend.<\/p>\n\n\n\n<p>The index has cleared multiple resistance levels, including the psychological 18,000 mark, and peaked near 19,244.60.<\/p>\n\n\n\n<p>However, it has since entered sideways consolidation just below this zone, with the 18,600\u201318,800 region now acting as key support.<\/p>\n\n\n\n<p>A move above 19,250 could signal renewed upside and pave the way for a test of earlier highs.<\/p>\n\n\n\n<p>However, traders should watch for a MACD rollover or a breakdown in the moving average stack, which may suggest fading momentum.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook: Caution prevails amid policy and inflation risks<\/strong><\/h2>\n\n\n\n<p>The Nasdaq 100\u2019s inability to sustain gains\u2014despite widespread global optimism\u2014signals growing scepticism around the effectiveness of recent policy moves.<\/p>\n\n\n\n<p>Escalating tariffs on Chinese goods and a resolute Federal Reserve suggest that pressure on corporate margins may persist, particularly in the tech sector.<\/p>\n\n\n\n<p>Unless upcoming <a href=\"https:\/\/www.bls.gov\/cpi\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"CPI and PPI data\">CPI and PPI data<\/a> show an unexpected softening in inflation, volatility is likely to remain elevated.<\/p>\n\n\n\n<p>Support for the Nasdaq 100 lies around the 18,500 level; a drop below that may open the door to a deeper retracement towards 16,600. On the upside, resistance remains firm at 19,250.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global markets jumped on signs of easing trade tensions, but the mood didn\u2019t last in US tech stocks. Optimism gave way to caution as investors weighed the credibility of shifting policy signals and the persistence of inflation. While Asian and European markets held onto gains, Wall Street lost steam\u2014highlighting the fragile confidence driving recent price <a href=\"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-10-april-2025\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":102,"featured_media":17667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-17665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/17665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/comments?post=17665"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/17665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media\/17667"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media?parent=17665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/categories?post=17665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/tags?post=17665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}