{"id":107556,"date":"2025-04-01T12:45:09","date_gmt":"2025-04-01T09:45:09","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=107556"},"modified":"2025-04-01T12:47:22","modified_gmt":"2025-04-01T09:47:22","slug":"trump-tariffs-to-go-into-effect-tomorrow","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/pt\/trump-tariffs-to-go-into-effect-tomorrow\/","title":{"rendered":"Trump tariffs to go into effect tomorrow"},"content":{"rendered":"

Trump\u2019s tariffs are set to be implemented tomorrow. The President is widely expected to announce widespread tariffs across a variety of nations and industries. According to Bloomberg, White House Press Secretary Karoline Leavitt said Monday the announcement would feature \u201ccountry-based\u201d tariffs. She said the president is also \u201ccommitted to implementing\u201d sectoral duties. Overall, it appears that the US Government is committed to proceeding with the imposition of tariffs, which in turn could result to widespread trade wars between the US and a variety of nations. In turn the aforementioned scenario could lead to numerous economic implications for numerous countries around the world. Thus, should the US proceed with its tariff ambitions it could funnel safe haven inflows into the precious metal given its status as a safe haven asset and as a hedge against inflation.Earlier on today, the RBA remained on hold as expected. The bank\u2019s accompanying statement noted, \u201cMany central banks have eased monetary policy since the start of the year, but they have become increasingly attentive to the evolving risks from recent global policy developments.\u201d Implying that the RBA as well is concerned over the global economy. In turn this may be perceived as slightly hawkish in nature, with the bank potentially aiming to acquire further information before resuming on it\u2019s rate cutting path.Over in Europe the Eurozone\u2019s preliminary HICP rate for March is set to be released during today\u2019s European session. The HICP rate is expected to remain steady at 2.3% yet a deviation lower or higher could weaken or aid the EUR respectively.<\/p>\n\n\n\n

EUR\/USD appears to be stabilizing between our 1.0730 (S1) support level and the 1.0845 (R1) resistance line. We opt for a sideways bias for the pair and supporting our case is the pair\u2019s failure to clear the 1.0845 (R1) resistance line. We would also like to mention the RSI indicator below our chart which currently registers a figure in the upper fifty range which tends to imply a neutral market sentiment, yet being close to 60 could also imply that some bullish market tendencies remain. Nonetheless, for our sideways bias to be maintained we would require the pair to remain confined between the 1.0730 (S1) support level and the 1.0845 (R1) resistance line. On the flip side for a bullish outlook we would require a clear break above the 1.0845 (R1) resistance line, with the next possible target for the bulls being the 1.0940 (R2) resistance level. Lastly, for a bearish outlook we would require a clear break below the 1.0730 (S1) support level with the next possible target for the bears being the 1.0630 (S2) support line.<\/p>\n\n\n\n

GBP\/USD appears to be moving in a sideways fashion after failing to clear our 1.2830 (R1) resistance level. We opt for a sideways bias for the pair, yet we must note that the RSI indicator below our chart currently registers a figure relatively near 60 implying some residual bullish market tendencies. For our sideways bias to be maintained we would require the pair to remain confined between the 1.2830 (S1) support line and the 1.3000 (R1) resistance level. On the flip side for a bullish outlook we would require a clear break above the 1.3000 (R1) resistance level with the next possible target for the bulls being the 1.3155 (R2) resistance line. Lastly, for a bearish outlook we would require a clear break below the 1.2830 (S1) support line with the next possible target for the bears being the 1.2670 (S2) support level.<\/p>\n\n\n\n

Other highlights for the day:<\/strong><\/h2>\n\n\n\n

Today we get UK\u2019s nationwide house prices rate, France\u2019s and Germany\u2019s manufacturing PMI figure all for March, the UK\u2019s manufacturing PMI figure and the Eurozone\u2019s preliminary HICP rate both for March as well. During the American session, we note Canada\u2019s manufacturing PMI figure, the US final S&P and ISM Manufacturing PMI figures for March and ending the day is the JOLTS Job Openings figure for February. In tomorrow\u2019s Asian session we note Australia\u2019s AIG Manufacturing index figure for March. On a monetary level we note the speeches by BoE Greene and Richmond Fed President Barkin.<\/p>\n\n\n\n

EUR\/USD  Daily Chart<\/strong><\/h2>\n\n\n\n
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