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The US military blocks Iranian ports and considers military strikes, and crude oil opens sharply higher
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market xmserving.commentary]: The US military blocks Iranian ports and considers military strikes, crude oil opens sharply higher". Hope this helps you! The original content is as follows:
On April 13, in early Asian trading on Monday, Beijing time, the U.S. dollar index was hovering around 99.02. At the beginning of Monday's trading, as the US-Iran negotiations failed to reach an agreement and Trump decided to block Iran's maritime traffic, WTI crude oil rose by 10%, gold fell by US$100, silver fell by 4%, and US stock index futures fell by more than 1%. On Friday, markets awaited the outcome of U.S.-Iran talks and Israel has sought talks with Lebanon, raising hopes for the reopening of the Strait of Hormuz. The U.S. dollar index closed negative for the fifth consecutive trading day, eventually falling 0.14% to 98.67 points, marking its worst weekly performance since January; the benchmark 10-year U.S. bond yield closed at 4.3400%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, fell slightly to 3.8100%. Although a weaker U.S. dollar provided support for gold prices, investors remained cautious. Spot gold fell back after rising, and finally closed down 0.47%, at US$4746.18 per ounce, but still recorded three consecutive weeks of gains; spot silver finally closed up 0.88%, at US$75.83 per ounce. Although the ceasefire agreement between the United States and Iran is unstable, it still brings optimistic expectations for the cooling of the situation between the United States and Iran, and international oil prices fell by more than 2%. WTI crude oil hit $100 and then fell back, finally closing down 2.4% at $95.62/barrel; Brent crude oil finally closed down 2.21% at $94.25/barrel.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar index is hovering around 99.02. Despite nearly 21 hours of intense discussions mediated by Pakistan, high-level negotiations between the United States and Iran failed to achieve a breakthrough. U.S. Vice President JD Vance said that WashingtonTrump has proposed the final and best plan, but Tehran refused to accept the terms, leading to a deadlock. Technically, the U.S. dollar index was driven by the inflow of safe-haven funds, gapped higher and held steady at a high level. Technical charts show that the index has broken through key resistance and has strong short-term momentum.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In Asian trading on Monday, gold hovered around 4682.46. Gold came under pressure as rising energy prices heightened inflation risks and weakened market expectations for interest rate cuts from the Federal Reserve and other major central banks. US President Donald Trump said Washington would begin blocking all ships entering and leaving the Strait of Hormuz after US-Iran peace talks failed in Islamabad. In addition, the U.S. Central xmserving.command stated that troops will block all maritime traffic in and out of Iranian ports starting at 10 a.m. Eastern Time on Monday (14:00 GMT).

2) Crude oil market trend analysisAnalysis
On Monday’s Asian session, crude oil was trading around 104.59. The latest gains were largely driven by a renewed escalation in the U.S.-Iran conflict, after last week's decline. The collapse of 21 hours of peace talks over the weekend prompted U.S. President Donald Trump to announce a blockade of Iranian ports and maritime traffic through the Strait of Hormuz.

Foreign exchange market trading reminder on April 13, 2025
①To be determined OPEC releases monthly crude oil market report
②To be determined IMF and World Bank to hold spring meeting
③To be determined Bank of Japan Governor Kazuo Ueda's visit to the United States
< p>④22:00 Annualization of the total number of existing home sales in the United States in MarchThe above content is all about "[XM Foreign Exchange Market xmserving.commentary]: The US military blocked Iranian ports and considered military strikes, crude oil opened sharply higher". It was carefully xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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