🌟 📉 Declining Approval Ratings for President Trump and Their Market Impact 🌟 Market Overview (April 28, 2025)

28 4月 2025, 10:40
Masayuki Sakamoto
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🌟 📉 Declining Approval Ratings for President Trump and Their Market Impact
🌟 Market Overview (April 28, 2025)

📉 Trump’s Approval Ratings Slide — Market Implications
Tomorrow marks the Trump administration’s 100-day commemorative rally.
According to a CNN poll (April 17–24), Trump’s approval rating has fallen to 41%, the lowest among post-Eisenhower presidents.
“Strong disapproval” has surged to 45%.

Market Interpretation

  • The market’s sensitivity to Trump’s comments appears to be fading.
  • Recent market moves have become less reactive, with the dollar index (DXY) remaining stable between 99 and 100 after a downward trend since April.

Focus Going Forward

  • The growing influence of U.S. Treasury Secretary Bessent is seen as key.
  • Markets are hopeful for a more pragmatic and market-friendly approach.
  • However, risks of Trump’s unexpected statements persist.

🛠 Recent Developments and Market Conditions

  • The “sell America” trend (USD weakness, equity sell-off) has stabilized somewhat.
  • Markets remain highly sensitive to U.S.-China trade negotiation headlines.

📈 Upcoming Economic Events

Event Impact Currency
Hong Kong Trade Balance (March) HKD
India Industrial Production (March) INR
Mexico Employment & Trade Balance (March) MXN

▶ Note: Impact expected to be minimal.
▶ No major market-moving indicators scheduled today.

🎤 Speeches & Events

  • ECB Vice President De Guindos
  • Finland Central Bank Governor Rehn
    ▶ EUR could react in the short term depending on comments.
  • Canadian General Elections:
    Observers expect a ruling party advantage, potentially reinforcing countermeasures against Trump's trade policy.
  • FRB Blackout Period (until May 8):
    No scheduled monetary policy remarks during this period.

Trading Strategy Summary

  • Main Trend: Range-bound due to lack of strong catalysts.
  • Risk: Headline-driven algo moves remain a threat.
  • Active Trading: Not recommended. Focus on short-term day trading.
  • Watchlist: Canadian election results, U.S.-China headlines.

💬 Commentary
Adopt a defensive stance today.
Avoid heavy positioning; prioritize risk management.
For short-term trades, target small profits — don’t be greedy!

🎯 Recommended Trading Scenarios (April 28)

USD/JPY (Dollar/Yen)

Scenario Strategy Notes
Break above 143.30 Short-term buying (target: 143.70) Liquidity is thin; rebounds are possible but limited.
Break below 142.80 Sell on pullback (target: 142.30) Risk-off flows could pressure the pair downward.

▶ Key Points:

  • Expected range: 142.80–143.70
  • High sensitivity to U.S.-China related headlines; sharp swings possible.

EUR/USD (Euro/Dollar)

Scenario Strategy Notes
Break above 1.0720 Buy (target: 1.0750) Strong PMI figures could trigger upside.
Break below 1.0670 Sell (target: 1.0630) A resurgence in broad USD strength could accelerate downside.

▶ Key Points:

  • Expected range: 1.0670–1.0750
  • Highly reactive to European PMI flash releases (especially Germany, Eurozone).

XAU/USD (Gold)

Scenario Strategy Notes
Break above $2,330 Buy (target: $2,350) Continued risk-off sentiment could fuel gold buying.
Break below $2,315 Sell (target: $2,290) Risk sentiment improvement and strong U.S. data could trigger a sharp sell-off.

▶ Key Points:

  • Expected range: $2,315–$2,350
  • Sensitive to geopolitical tensions (e.g., Israel–Iran) and U.S. stock market trends.

📌 Daily Summary

  • USD/JPY: Range-bound but prone to sharp moves on U.S.-China news.
  • EUR/USD: Flash PMI releases are key triggers.
  • Gold: Direction depends on risk-off/risk-on shifts.

✍️ Trading Notes

  • Focus on short-term trades (within a few hours).
  • Avoid holding positions overnight, especially in gold.
  • Always use stop-losses to protect against sudden swings.