On March 29, it was reported that next Wednesday (April 2) will be the day of announcing Trump's reciprocal tariffs, which is of global concern. Previously, investors were cautious due to uncertainty about the specific tariff levels Trump would apply. Bank of America's foreign exchange analysts, Athanasios Vamvakidis and Claudio Piron, stated that risks are currently balanced before next week's deadline. Tariffs on specific products were already anticipated by the market. Overall tariffs would be a negative surprise, and in this scenario, the USD is not expected to continue appreciating.
In a market environment concerned about risks, gold prices have continuously set new records this week, reaching $3,086.75 per ounce, establishing the 18th record this year. The quarterly increase is 17%, the largest since 1986.
Market focus points for next week include: Monday at 21:45, US Chicago PMI for March. Tuesday at 21:45, final value of US S&P Global Manufacturing PMI for March. Wednesday at 20:15, US ADP employment data for March. ECB President Lagarde will speak at 01:00 on Thursday. At 19:30 on Thursday, the European Central Bank will publish the minutes of the March monetary policy meeting. Thursday at 19:30, US layoff report for March. At 00:00 on Friday, Federal Reserve Vice Chair Jefferson will speak. Friday at 20:30, US unemployment rate for March, US seasonally adjusted non-farm payroll for March, US average hourly wage year/month for March. Fed Chair Powell will speak at 23:25 on Friday.
Note: This content is for market information purposes only and does not constitute investment advice.
