The US dollar index (DXY) retreated slightly after soaring to the highest level since March 5 on Wednesday. It dropped to a low of $104.3, down from this week’s high of $104.6, after Donald Trump unveiled new auto tariffs. So, what next for the DXY index ahead of US GDP and personal consumption expenditure (PCE) data?

USA auto tariffs

The US dollar index has pulled back slightly after Donald Trump announced new tariffs on all imported vehicles, a move that threatens the industry. Unlike other tariffs, these ones will be universal and target all countries. 

The only difference is that automakers from Mexico and Canada will likely receive a lower tariff since the calculation will exclude US parts. 

These tariffs will be on top of the steel and aluminum tariffs that he announced a few weeks ago. As such, automakers in the US, Canada, Mexico, Japan, and the European Union.

American automakers will be hit hard for three main reasons. First, many of them rely on imported raw materials that the US does not have an adequate supply of. As such, they will have to pay an extra cost for that. 

Second, other countries will likely implement reciprocal tariffs on US vehicles, making them unaffordable there. As such, there is a likelihood that US auto exports will continue falling in the next few months. 

Third, these tariffs will likely lead to weaker demand as many consumers stay off. Economists expect that these tariffs will lead to higher prices of at least $4,000. At a time when the economy is slowing and credit card delinquencies is surging, there is a likelihood that auto sales will plunge. 

Donald Trump’s Liberation Day

The US dollar index is also in focus ahead of the so-called liberation day by Donald Trump. He has set April 2 as the day when the US will unveil reciprocal tariffs on imported goods from other countries. 

These reciprocal tariffs will involve the US implementing similar tariffs to those other countries charge. Many of the biggest trading partners will see no major tariff increase since they have little levies on US goods. 

These tariffs will hurt many countries in the emerging markets like India and Indonesia that have huge tariffs on imports. Analysts believe that these tariffs will ultimately hurt the US economy and its consumers. 

DXY index waits for key data

The US dollar index will be in the spotlight ahead of key economic data. The key data to watch will be the upcoming GDP and PCE numbers scheduled on Thursday and Friday. 

These GDP numbers are expected to show that the economy expanded by 2.3% in the fourth quarter after growing by over 3% in Q3. While the GDP data is important, its impact will be limited since the statistics agency has already published two estimates.

The DXY index will next react to next Friday’s PCE data on Friday. PCE is important data because it is the most important inflation figure. 

US dollar index technical analysis

The daily chart shows that the DXY index peaked at $110.18 earlier this year and then plunged to a low of $103.20. 

It has crashed below the 50% Fibonacci Retracement level. The index has also moved below the 50-day moving average. That is a sign that the ongoing rebound is part of a dead cat bounce.

Therefore, the US dollar index will likely resume the downtrend and retest the key support at $103.20, its lowest level this month. 

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Auto stocks have remained under pressure after Donald Trump announced new tariffs on the industry. All cars entering the US from friendly and foe countries will receive a 25% tariff, a move that will hurt most companies. This article highlights some of the top automobile stocks to sell because of these tariffs.

Top auto stocks to sell after Trump’s tariffs

Porsche, Nissan, and Stellantis are some of the top stocks to sell after Donald Trump launched new tariffs. 

Porsche 

Porsche is a top German automobile company partially owned by the Volkswagen Group. It focuses on premium vehicles that have become highly popular in the United States, its only market where it is growing. The US has now overtaken China as its most important market, meaning that tariffs may have a profound effect.

These tariffs are coming at a difficult time for Porsche, whose stock price has crashed by over 56% from its all-time high and now sits at an all-time low. Its Chinese business is facing major challenges as deliveries tumbled by 28% last year. 

Most importantly, the Chinese market is being disrupted by companies like Nio, BYD, Li Auto, Lotus, and Polestar. Its entry into the electric vehicle industry has not been successful.

Therefore, there is a risk that the Porsche stock price will continue falling in the coming months as these challenges rise.

Read more: Is the Porsche bubble bursting? Job cuts and lower margin target hit iconic carmaker

Nissan

Nissan is one of the top auto stocks to sell after Donald Trump implemented new tariffs on the auto industry. That’s because Nissan is already going through financial difficulty that have seen its debtload surge. Just recently, Nissan was about to merge with Honda. 

Nissan is a big player in the US auto industry. It sold over 8924,000 units in 2024, mostly Rogue and Sentra. While Nissan maintains plants in the US, it also brings in a lot of vehicles from Japan. It also ships most of the parts to its assembly plants from Japan. 

Therefore, Nissan stock is a sell because these tariffs will worsen a bad situation. This explains why its stock has crashed by over 50% from its highest point this year.

Stellantis

Stellantis is another top auto stocks to sell, because of its large presence in the United States and because of its ongoing challenges. The Stellantis stock price has crashed by over 50% from its all-time high, and is hovering near its lowest level since November 2022.

The company sold over 1.3 million vehicles in the US in 2024. Most of these vehicles were Jeep, Dodge, and Chrysler. It manufactures its vehicles in the US, Canada, and Mexico. This means that the company’s exports to the US will have tariffs, which will affect its growth.

On top of this, like Nissan, Stellantis is facing major challenges as its sales slow across all its regions. Its brands are also seeing substantial challenges because of many years of underinvestment.

General Motors (GM)

GM is another top auto stock to sell because of its large plants in other countries. It has several plants in Mexico, making brands like Chevrolet and Silverado. It normally imports about 52.7% of all its vehicles sold in the US from Mexico. GM also has plants in other countries like Canada, South Korea, and China.

On top of this, GM will also see the US business cost rise because of all these tariffs on parts. Therefore, the stock, which has crashed by over 16% from its highest level this year, could get worse.

Other auto stocks that will suffer from these tariffs are the likes of Ford, Hyundai, Volkswagen, and Mercedes-Benz.

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The Google stock price has crashed into a bear market this year as concerns about the technology industry continues. After peaking at $208 earlier this year, the Alphabet share price has plunged by almost 20% to the current $167. This article explains why Google is at risk from Grok’s growth. 

Google is being disrupted

Google stock has a long history of outperformance as it jumped from about $25 during its IPO to the current $167. This growth happened as the company became the most dominant player in the search engine industry, where it has become a monopoly.

Attempts to disrupt Google have all failed in the past. Not many people use its top competitors, like Yahoo, DuckDuckGo, and Bing. 

Recently, however, there are signs that Google has found a real threat from artificial intelligence models. Its top competitors are Grok, ChatGPT, DeepSeek, and Perplexity. 

While all these are good products, we believe that Elon Musk’s Grok is Google’s biggest threat to date. 

Launched in 2023, Grok’s parent company, xAI, has become one of the fastest-growing players in the AI industry. It has raised $12 billion from investors and is now valued at over $40 billion. 

Grok operates as an independent website but is mostly used as part of X, formerly Twitter. It recently expanded to Telegram, a social media application with almost 1 billion users. 

While ChatGPT is the most popular AI model, Grok has the biggest potential to disrupt Google. That’s because it has a vast trove of data on X and other places. Most importantly, there are signs that Grok is more accurate than ChatGPT on some simple queries.

Grok is a big disruptor for Google because Google’s Gemini product has not lived to the hype. At the same time, the emphasis on Search Engine Optimization (SEO) has made Google Search worse over time. 

Alphabet’s business is still growing

Still, it will take a long time for Grok to fully disrupt Google because of the moat the company has created over time. 

That’s because Alphabet dominates the search engine industry. It has also invested in Android, a mobile operating system that has billions of users. The company’s Chrome browser has the biggest market share. 

Further, Alphabet has more divisions, including YouTube, Cloud, and other bets. The most recent financial results showed that Alphabet’s search revenue rose from $48 billion in Q4’23 to $54 billion in Q4’24. 

The company’s YouTube Ads revenue jumped from over $9.2 billion to $10.4 billion. Google Cloud made $11.95 billion from $9.1 billion a year earlier. 

Analysts anticipate that the first-quarter revenue rose by 10.8% to $89.3 billion. Its annual revenue for the year will be $389 billion, up by 11.3% from last year. 

Read more: Google’s growth engine sputters: why Wall Street is worried about Alphabet’s future

Google stock price technical analysis

GOOG chart by TradingView

The weekly chart shows that the Alphabet share price peaked at $208 earlier this year, and has moved to $158.70, its lowest point this month. It has remained above the 100-week Exponential Moving Average (EMA).

The stock has formed a doji candlestick pattern, comprising a small body and a long lower shadow.  A doji is one of the most bullish patterns in the market. 

The Google share price has formed a giant megaphone chart pattern. This is a popular pattern made up of two ascending and broadening trendlines. Therefore, there is a likelihood that the Google stock price will continue rising as bulls target the key resistance point at $200, up by 20% above the current level. A drop below the key support at $158 will invalidate the bullish outlook.

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Hims & Hers stock price has imploded this year, erasing some of the gains made in 2024 when it became one of the top-performing companies in the US. HIMS has crashed to $33.35, down by over 54% from its highest point this year. So, why has the telemedicine stock crashed, and what to expect.

Why HIMS stock has plunged

Hims & Hers is a top company that sells healthcare products used by millions of customers in the US. Its strategy is to focus on niche conditions that people have struggled with for years. These conditions include weight loss, hair, anxiety, skin, and sex. Largely, all Americans face at least one of these challenges, giving it a large, addressable market.

The main reason why the Hims stock price has crashed is that its biggest business is under threat. Hims & Hers started offering compounded GLP-1 treatments, which are generic versions of the weight loss products made by companies like Eli Lilly and Novo Nordisk. 

The compounded drugs are effective and much cheaper than those made by large companies. Customers pay about $200 for the drugs sold by Hims, much lower than the $1,000 sold by the larger companies. 

Hims & Hers is also cheaper than other companies in the industry. The average annual cost of its GLP drugs is $1,980, lower than WW’s $2,208, Henry’s $2,864, Noom’s $3,218, and Ro’s $4,583.

Read more: Will the falling Hims & Hers stock price recover in 2025?

The challenge, however, is that Hims & Hers drugs have not been approved by the FDA, which has sued to stop the tirzepatide sales. In a court ruling this month, a judge sided with the FDA, meaning that, in the longer term, Hims could face a challenge. Hims is running adverts and campaigns pressuring the FDA to allow compounding. 

The weight loss division is an important part of Hims business because of its higher margins. Also, unlike other divisions, these customers will remain with the company for a long time. In most cases, stopping to take weight loss products usually leads to more weight gain.

Hims growth has accelerated

The most recent financial results show that Hims & Hers business has surged in the past few quarters, mostly because of its compounded drugs. 

Hims & Hers made over $481 million in the fourth quarter, up by 95% from the same period  year earlier. This led to an annual revenue of $1.5 billion, a 69% annual increase.

The company also made a net profit of $26 million in the fourth quarter and $126 million in the full year. This growth happened as the number of subscribers surged by 45% to 2.2 million. Most of these subscribers are mostly because of its weight loss products. 

Analysts anticipate that this growth will continue in the coming years. The average estimate is that Hims’ revenue will grow by 92% in the first quarter to $535 million and $2.3 billion this year.

Read more: Is the soaring Hims & Hers stock a good investment?

Hims & Hers stock price analysis

HIMS chart by TradingView

The weekly chart shows that the HIMS stock price peaked at $72.9 earlier this year, and has crashed to $33.35. It has remained above the 25-week Exponential Moving Average (EMA), and is above the key support at $25.30 

The HIMS stock has moved inside the ascending channel in the past few weeks. Also, the two lines of the MACD indicator have pointed downwards, while the Relative Strength Index (RSI) have pointed downwards.

Therefore, the stock will likely have a strong bullish breakout when the GLP issue cools in the coming weeks. If this happens, the next key resistance point to watch will be at $50, up by almost 50% from the current level.

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Shiba Inu price has crashed to a critical support level this year. SHIB token dropped to a low of $0.00001443, down by about 55% from its highest point this year. It has plunged by over 65% from last year’s high. So, what next for the SHIB coin as its burn rate accelerates?

Shiba Inu burn rate accelerates

A potential catalyst for the SHIB price is the ongoing incineration. Data by Shiburn shows that the burn rate has jumped by over 57,0000% in the last 24 hours. This increase happened after one user moved 1 billion tokens to a dead address. At the current price, these tokens are worth over $14,500.

This burn happened after another user incinerated 1 billion Shiba Inu coins. Another user burned over 2.1 million Shiba Inu coins on Thursday. Therefore, these token burns mean that the coin’s inflation will continue going down in the coming months.

Data shows that there have been over 410 trillion Shiba Inu coin burns over the years. These burns have lowered the number of tokens in circulation to about 584 million coins, a number that will continue falling in the next few years.

However, the reality is that the overall deflation is not all that big when you compare the size of Shiba Inu, which has a market cap of over $7 billion.

Potential catalysts for SHIB coin

There are several potential catalysts for the Shiba Inu coin. First, Donald Trump’s tariffs will likely lead to a recession in the United States. While a recession is a bad thing, history shows that risky assets bounce back after the initial drop.

The main driver for these assets when there is a recession is that the Federal Reserve tends to intervene when markets crash. The bank does that by cutting interest rates and implementing quantitative easing policies that flood the market with money.

At the same time, the federal government often intervenes by providing money to support key sectors. For example, in the 2008/9 crisis, the government spent over $700 billion in saving the banking sector. It spent trillions of dollars during the COVID-19 pandemic.

The fiscal and monetary interventions draw investors into risky assets like cryptocurrencies and stocks. Such a move will benefit cryptocurrencies like Bitcoin and Shiba Inu coin.

Second, Shibarium, its layer-2 network may boost Shiba Inu price. Data shows that the network is nearing 1 billion completed transactions now that it has handled over 975 million coins. The number of accounts has grown to over 245k, while blocks have risen to 10.15 million coins. 

Shibarium is an important part of Shiba Inu’s ecosystem in that the fees generated in the ecosystem are converted into Shiba Inu and then incinerated. While Shibarium has not been all that successful, there is a likelihood that it will be in the future.

Shiba Inu price technical analysis 

SHIB price chart by TradingView

The weekly chart shows that the SHIBZ coin has been in a downward trend in the past few weeks. It has crashed from a high of $0.000035 to low of $0.00001525.

Shiba Inu price has moved slightly below the 50-week Exponential Moving Average (EMA), which is a bearish view.

However, on the positive side, it has formed a megaphone chart pattern, which is characterized by two ascending and broadening wedge pattern. It is one of the most popular bullish patterns in technical analysis.

Therefore, the SHIB coin price will likely have a strong bullish breakout in the coming weeks, with the next key point to watch being at $0.00003395, which is about 130% above the current level.

Read more: Shiba Inu coin price prediction: why the next SHIB price target is $0.000024

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