The US dollar index again left behind with the market of the market towards “Tahrir Day”
- Decreased stocks, high prices of bonds and gold rise before Trump’s mutual definitions.
- US President Trump confirmed that all countries will be targeted.
- The US dollar index is trading around 104.10, although there are no safe flows in Greenback.
The US dollar index (DXY), which tracks the performance of the US dollar (USD), lacks six main currencies, lacks guidance and trades almost on Monday. DXY is completely left in the dark while selling shares, bond prices are higher, and gold rises above above 3100 dollars earlier in the day. The move comes after the President of the United States (the United States), Donald Trump, repeated on Sunday at Airforce One that all countries will fall under a mutual tariff on “Liberation Day” on Wednesday, Bloomberg said.
One thing that became clear last week is that the US dollar (USD) is moving depending on American economic data, and that recession or recession is weakening in the green back. Consequently, the concentration of Monday will turn into the Chicago purchase director in March and the Dallas Manufacturing Index. Contracting and slow in economic data points may lead to a decrease in another leg in DXY.
Daily Digest Market Mows: Get importance to emphasize data
- At 13:45 GMT, the Chicago purchase director (PMI) will be released. Expectations are 45.4, only one sign is less than 45.5.
- At 14:30 GMT, the Federal Reserve in Dallas (FED) will be released for the March of March. There are no expectations available, with the previous reading in -8.3.
- Arrows are dived with losses ranging from 1.0 % to 2.0 % of Asia’s crossing over Europe and to American future contracts.
- According to the CME Fedwatch tool, the possibility of the remaining interest rates in the current range of 4.25 % -4.50 % at the May meeting is 82.1 %. For the June meeting, borrowing costs are 81.2 % less.
- The return in the United States is trading for 10 years about 4.20 %, which is a significant decrease in less and the reason that the Fedwatch tool sees high chances to reduce average in June.
Technical analysis of the US dollar index: One thing is clear
The US dollar index (DXY) presented an answer last week, this Monday, to one question that was on the minds of merchants. It is clear that the definitions do not affect the US dollar. Instead, it appears that the American economic data affects Greenback, as it appears on Friday with consumer morale at the University of Michigan and high inflation forecasts, prompting the US dollar to a decrease. Fear of recession or stagnation no longer supports stronger US dollars, and may pay more evidence to stagnation to a decrease from here.
A return to the 105.00 circle level can occur in the coming days, as the simple moving average is converging for 200 days (SMA) at that point and reinforces this region as a strong resistance at 104.94. Once it is broken in that area, it can limit a series of pivotal levels, such as 105.53 and 105.89, of upward momentum.
On the negative side, the round level is 104.00 is the first close support, although it looks dark after testing it on Friday and again on Monday. If this level is not steadfast, the DXY risk a retreat to that march between 104.00 and 103.00. Once you wipe the bottom at 103.00, watched from 101.90 on the downside.
US dollar index: daily chart
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With the emergence of Trump, the American trade war and China aim to resume the place where it was left, with policies for corrections that affect global economic records in nutrition in nutrition.
