{"id":17716,"date":"2025-04-19T08:15:00","date_gmt":"2025-04-19T08:15:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17716"},"modified":"2025-04-19T08:15:00","modified_gmt":"2025-04-19T08:15:00","slug":"forex-market-analysis-18-april-2025-2","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-18-april-2025-2\/","title":{"rendered":"Forex market analysis: 19 April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/53-1-1024x536.png\" alt=\"\" class=\"wp-image-17718\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The US dollar index (USDX) traded in\u00a0tight ranges, closing the session near\u00a099.15\u00a0as subdued\u00a0Good Friday volumes\u00a0capped volatility. Despite holding steady on the day, the greenback remains under pressure near 3-year lows.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar nears three-year lows as trade optimism and Fed discontent collide<\/h2>\n\n\n\n<p>President Trump surprised markets with a&nbsp;softer stance on China tariffs, suggesting that not only will he&nbsp;avoid raising duties further, but he may even consider&nbsp;rolling some back. This is a potential pivot that could soothe market anxiety and support risk sentiment next week.<\/p>\n\n\n\n<p>However, his&nbsp;fresh criticism of Federal Reserve Chair Jerome Powell&nbsp;overshadowed the optimism. Trump stated Powell was \u201ctoo slow\u201d to act and \u201ccan\u2019t be removed quickly enough,\u201d escalating the pressure on the Fed just days after Powell reiterated that the central bank is&nbsp;\u201cmonitoring data carefully\u201d before adjusting rates. <\/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\">\ud83d\udea8 WATCH | <a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a> talks about the President of the Fed, Jerome Powell:<br><br>&quot;Oh he&#39;ll leave. If I ask him to, he&#39;ll be out of there. I don&#39;t think he&#39;s doing the job. He&#39;s always too late, a little slow.&quot;<a href=\"https:\/\/t.co\/pKgNWxasH4\">pic.twitter.com\/pKgNWxasH4<\/a><\/p>&mdash; VOZ (@Voz_US) <a href=\"https:\/\/twitter.com\/Voz_US\/status\/1912938513986695483?ref_src=twsrc%5Etfw\">April 17, 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>Markets are now pricing in about&nbsp;86 basis points of rate cuts&nbsp;for the remainder of 2025. <\/p>\n\n\n\n<p>A&nbsp;drop in U.S. jobless claims&nbsp;to a two-month low underscored a&nbsp;still-resilient labour market, offering some support to the greenback. However,&nbsp;persistent uncertainty around trade policy&nbsp;and&nbsp;renewed pressure on the Fed from Trump&nbsp;have kept traders cautious, leaving the dollar stuck near multi-year lows despite flashes of stability.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical analysis for the US Dollar Index<\/h2>\n\n\n\n<p>The 15-minute chart of the&nbsp;USDX&nbsp;shows a&nbsp;choppy consolidation&nbsp;phase after the index found short-term support at&nbsp;98.904. Despite multiple intraday swings, the price remains&nbsp;range-bound, with&nbsp;resistance near 99.50&nbsp;and&nbsp;support holding above 98.90, signaling uncertainty among dollar bulls and bears.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/image-22-1024x441.jpg\" alt=\"us-dollar-index-usdx\" class=\"wp-image-20981\" \/><figcaption class=\"wp-element-caption\"><em>Dollar bulls struggle to regain ground above 99.20, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The&nbsp;MACD (12,26,9)&nbsp;shows waning bullish momentum as the histogram contracts toward the zero line. The recent&nbsp;bearish crossover&nbsp;and fading histogram strength imply a possible retest of support, especially as the price lingers below the&nbsp;30-period moving average, capping any upside thrusts. Traders may want to watch for a&nbsp;break above 99.50&nbsp;for upside continuation, or a&nbsp;clean breach below 98.90&nbsp;to confirm renewed bearish control.<\/p>\n\n\n\n<p>A sustained move below&nbsp;98.90&nbsp;could reopen downside toward&nbsp;98.50, while upside resistance holds at&nbsp;99.50. The dollar is likely to remain range-bound in the short term unless next week\u2019s data or Fed communications provide a directional push.<\/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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar index (USDX) traded in\u00a0tight ranges, closing the session near\u00a099.15\u00a0as subdued\u00a0Good Friday volumes\u00a0capped volatility. Despite holding steady on the day, the greenback remains under pressure near 3-year lows. Dollar nears three-year lows as trade optimism and Fed discontent collide President Trump surprised markets with a&nbsp;softer stance on China tariffs, suggesting that not only <a href=\"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-18-april-2025-2\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":102,"featured_media":22903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-17716","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\/17716","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=17716"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/17716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media\/22903"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media?parent=17716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/categories?post=17716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/tags?post=17716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}