The United States Export Price Index increased from 2.1% to 2.4% year-on-year in March. This rise marks a change from the previous month, indicating some economic shifts in export pricing.
EUR/USD remains below 1.1300 as the US Dollar strengthens, further pressured by mixed domestic data. Meanwhile, GBP/USD has seen a slight decline from peaks near 1.3250 due to the rising strength of the Greenback.
Gold Market Trends
Gold is stabilising, trading above $3,200 per troy ounce after recovering from prior declines. The market shows a cautious tone amid global trade tensions which have capped significant gains.
Altcoins, including XRP and Dogecoin, are recovering post-volatility related to tariff announcements by US President Trump. The market remains reactive to tariff-related developments affecting Bitcoin and altcoin prices.
The recent US tariff delay announcement provided some relief to Wall Street with limited gain potential due to ongoing trade issues with China. Despite temporarily eased recession fears, concerns about severe market impacts remain.
The increase in the US Export Price Index to 2.4% year-on-year in March, up from 2.1%, shows a moderate but clear uptick in prices on goods shipped abroad. It gives us a sense that inflationary pressures linked to global demand may be firming. When export prices rise amid mixed domestic demand at home, it usually signals producers are finding stronger pricing power overseas. For those of us focused on short-term pricing expectations, such moves often invite adjustments in interest rate outlooks, however slight. Pricing in these shifts early gives us an edge.
The EUR/USD trading below 1.1300, stuck beneath an area that was once a pivot on the charts, aligns with the stronger showing of the US Dollar. That strength comes even though domestic data have been inconsistent. When we look at this setup, it’s quite telling that neither inflation nor labour prints have provided enough weight to unwind the general demand for the Dollar. The implication here is that short-term USD denominated assets remain attractive, especially when global yields offer little incentive to shift. It’s important we anchor expectations accordingly and hedge EUR risk with those scenarios in mind.
Sterling has eased back slightly, having failed to hold earlier highs around the 1.3250 mark. The move lower wasn’t caused by any urgent domestic headlines out of the UK. Instead, Dollar resilience carried the pair down. Against that backdrop, UK-centric traders may want to focus more on external drivers rather than rate speculation tied to upcoming Bank of England moves. The broader picture for Cable suggests momentum may remain choppy, but lean to the downside if Dollar buying persists. Upside moves are beginning to be sold into faster, and so long positioning should be timed with care.
Crypto Market Volatility
Gold’s bounce above $3,200 per ounce, following earlier losses, has found footing. Although global trade uncertainty remains a factor, gold has paused near a level offering some technical support. This has not translated into aggressive upside action. The tone across metals points to a market that is defensive, but not panicked. We find that stability interesting here—not because the asset class is inviting fresh longs, but that it confirms underlying risk sentiment isn’t veering sharply negative. In periods like this, short-dated gold options tend to offer more value than outright futures positions.
XRP and Dogecoin—along with the broader altcoin market—have recovered some ground after sharp drops prompted by earlier comments from Washington regarding potential tariffs. It’s important how rapidly crypto pricing now responds to macroeconomic and political headlines. Bitcoin, too, remains entangled in this sentiment web, swinging with news rather than just protocol updates or adoption headlines. Price discovery is heavily dependent on headline risk in the current climate, meaning high implied volatility may stick around longer than some models suggest. We’re treating risk-management on these contracts with tighter guardrails in place.
The delay in US tariff implementations brought about a brief sigh of relief across equity sectors, sparking a limited push higher, particularly in tech-heavy indices. However, traders are already moving past that, citing unresolved issues between Washington and Beijing. The likelihood that any lasting resolution will be “priced in” correctly seems narrow. While longer-term fears of a slowdown were eased momentarily with that announcement, chatter hasn’t died down about broader downside risks. Short-dated index options may offer interesting value here, particularly in volatile names sensitive to consumer sentiment and trade flow metrics.
In instruments across the board, the takeaway is clear. We should avoid fade strategies and instead favour entries with well-defined triggers. Price reactions are tighter and often exaggerated, reflecting a market that’s moving faster, not necessarily clearer.
