市场每周展望——美元、通货膨胀和采购经理人指数数据分析。本周，市场再次陷入困境，因为风险资产反弹的尝试遭到了抛售压力。标准普尔500指数和道琼斯指数都有望在本周结束时保持上涨，但抛售压力仍然存在。

Markets Weekly Outlook – US Dollar, Inflation & PMI Data Analysis.Markets have struggled once more this week as an attempt at a rebound in risk assets was met with selling pressure. The S&P 500 and the Dow Jones are both on course to end the week in the green but selling pressure remains in play.

周五，由于特朗普总统建议在关税问题上采取一些“灵活性”，美国主要股指将跌幅收窄，收于正值区间，而几只大市值股票则有所回升。由于股票期权、指数期货、指数期权和单一股票期货全部到期的“四重转换”事件，预计该交易日将出现波动。标准普尔500指数微涨0.1%，道琼斯指数上涨31点，纳斯达克指数上涨0.5%。虽然特朗普在关税立场中提到了“灵活性”，但他也强调关税将是互惠的，对美国征收关税的国家也将面临类似的措施。然而，由于盈利预测令人失望，市场压力持续存在。联邦快递在工业疲软的情况下下调了盈利预期，暴跌6.4%，而耐克因销售预测下降下跌5.5%。本周，标准普尔500指数小幅上涨，几乎没有突破四周的跌幅，道琼斯指数上涨0.7%，纳斯达克指数收盘基本平静。

Major U.S. indices pared their losses to closed in the positive territory on Friday, as President Trump suggested some “flexibility” on tariffs, while several megacap stocks made a recovery. The session was expected to be volatile due to a "quadruple witching" event, where stock options, index futures, index options, and single-stock futures all expired. The S&P 500 edged higher by 0.1%, the Dow Jones added 31 points, and the Nasdaq gained 0.5%. While Trump mentioned "flexibility" in his tariff stance, he also emphasized that tariffs would be reciprocal, with countries imposing charges on the U.S. facing similar measures in return. However, market pressure persisted due to disappointing earnings forecasts. FedEx plunged 6.4% after cutting its earnings outlook amid industrial weakness, while Nike dropped 5.5% on lower sales projections. On the week, the S&P 500 slightly higher, hardly broke 4-weekly losses, the Dow added 0.7% and the Nasdaq ended mostly muted.

美元和其他金融工具本周表现如何？。美元对主要货币的走势如何？从下面的变化百分比来看，美元兑欧元、日元、英镑、澳元和新西兰元走高。

How did the USD - and other financial instruments - do this week?.How did the greenback do vs the major currencies? Looking at the change % below, the dollar is higher vs the EUR, JPY, GBP, AUD and NZD.

美国主要股指从下午的低点反弹，此前特朗普总统在关税问题上表示了一些“灵活性”，而几只大市值股票也有所回升。交易员预计，由于“四重开关”事件，周五的交易时段可能会出现波动，在此期间，股票期权、指数期货、指数期权和单一股票期货都将到期。标准普尔500指数下跌0.2%，道琼斯指数下跌50点，纳斯达克指数徘徊在平稳线上。虽然特朗普总统提到将有“灵活性”，但他强调，在4月2日截止日期前实施的关税将是互惠的，对美国征收关税的国家也将面临类似的指控。然而，主要公司令人失望的预测继续给市场带来压力。由于工业疲软，联邦快递下调了盈利预期，股价下跌8%，耐克因销售预测令人失望，股价下跌5%。

Major U.S. averages bounced back from their lows in the afternoon session, after President Trump indicated some “flexibility” on tariffs, while several megacap stocks recovered. Traders anticipated a potentially volatile session on Friday due to a "quadruple witching" event, during which stock options, index futures, index options, and single-stock futures all expire. The S&P 500 was down 0.2%, the Dow Jones dipped 50 points, and the Nasdaq hovered around the flatline. While President Trump mentioned there would be "flexibility," he emphasized that the tariffs enforced by the April 2 deadline would be reciprocal with countries imposing charges on the U.S. would face similar charges in return. Nevertheless, disappointing forecasts from key companies kept pressuring the market. FedEx tumbled 8% after cutting its earnings outlook due to industrial weakness, and Nike fell 5% on disappointing sales projections.