![✅ [Volatility subsides, but market remains in “day trading mode”]](https://c.mql5.com/6/969/splash-762005.jpg "✅ [Volatility subsides, but market remains in “day trading mode”]")
✅ [Volatility subsides, but market remains in “day trading mode”]
— Calm after Trump’s softened tone, but correction trades continue —
■ Market Overview
| Theme | Details |
|---|---|
| 🎤 Trump denies intent to fire Fed Chair | Trump stated he is “not considering firing Powell at this time,” offering temporary relief to the market. |
| 🤝 Softer tone toward China | Comments suggest easing in the U.S.–China trade stance → risk-on reaction leads to slight rebounds in stocks and the dollar. |
| 💬 Underlying market still “uncertain and headline-driven” | Long-term positioning remains difficult, creating a favorable environment for short-term traders. |
■ Strategy Topic 1: Corrections in GOLD and EUR/USD buying
| Asset | Commentary | Strategy |
|---|---|---|
| GOLD | Weaker geopolitical/trade tensions following Trump’s softened rhetoric led to correction pressure on overbought gold. | ✅ Continue selling rallies from yesterday. 2330–2350 seen as a sell zone. |
| EUR/USD | Dollar selling paused. 1.15+ faces resistance. Upcoming ECB speeches may revive rate cut expectations. | ✅ Partial selling between 1.1460–1.1490. If it breaks below 1.1420, downside may accelerate. |
■ Strategy Topic 2: Focus on U.S. Manufacturing PMI (Flash)
| Indicator | Forecast | Previous | Strategy |
|---|---|---|---|
| Manufacturing PMI | 49.6 | 50.2 | 👉 A drop below 50 may trigger renewed dollar selling. |
| Services PMI | 52.4 | 51.8 | 👉 If strong, room for dollar recovery → USD/JPY may revisit 141s. |
⚠ Even mixed results may cause 20–30 pip swings due to algorithmic reactions.
■ Key Upcoming Speeches & Events
| Speaker/Event | Impact | Affected Markets |
|---|---|---|
| Knot, Cipollone, Lane (ECB) | Euro may fluctuate if they mention inflation or rate cuts. | EUR |
| Pill, Bailey, Breeden (BOE) | BOE tone on rate cuts in focus. | GBP |
| Goolsbee, Musalem, Waller, Hummack (Fed) | Positions on Powell or rate policy may affect dollar direction. | USD |
| Beige Book | Regional economic outlooks. If stagflation fears resurface → Risk-off sentiment may return. | All JPY crosses |
✅ Summary Strategy (April 23)
- PMI data, Fed speeches, and the Beige Book represent today’s “triple risk.”
- Overheated assets like Gold and Euro are undergoing short-term correction → Selling pressure remains.
- Trump’s softened tone provides temporary relief, but the “re-ignition risk” remains high, so avoid overexposure.
