The US dollar index revolves around the markets after it reveals the reading of the gross domestic product of inflation to the agenda

• The US dollar gains are broad gains after the second reading of the US GDP.
• Traders believe that the inflation component picks up the markets and surprises them.
• The US dollar index (DXY) is broken above 107.00 and extends higher.

The US dollar index (DXY), which tracks the performance of the US dollar (USD) for six main currencies, exceeds 107.00 for the first time in five days trading, after some important American data versions that restore inflation concerns on the map. The DXY was initially this Thursday receiving a few rear winds of gold and the United States. The move came after the United States (United States) President Donald Trump spoke about the customs tariff during his first meeting in the Council of Ministers on Wednesday, leaving forbidden reports on what will be imposed on countries and timing.

The US President added that Europe should also prepare a 25 % tariff for cars and other things, but he did not specify when these fees will enter into force. Trump criticized the bloc, saying he was only created for the “United States Championship”.

Meanwhile, the reading of the US GDP (GDP) has turned into the fourth quarter into this moderate wind into a large one. The reading of GDP came at the top, which was a surprise, while inflation elements also turn. This is just one day before the Federal Reserve Federal Influence scale (FERED), and the reading expenses (PCE), inflation has returned to the agenda.

Daily Digest Market Movers: PCE FRIIY is more important than ever

• Overnight, many American officials had to issue additional data about the current schedule of the American definitions that are imposed after the US President himself contradicted several times about the type of definitions that will happen, and when and for any countries. The turbulent communication of Trump himself fog for the tariff element, which led to a sharp sale in gold (which was a safe haven for tariffs until now), according to Bloomberg’s reports.
• The main data elements have been released for this Thursday:
  • The second reading of the United States GDP (GDP) for the fourth quarter of 2024:
    • The annual GDP came as expected by 2.3 %.
    • The component of the initial personal consumption (PCE) increased to 2.4 %, overcoming 2.3 % with the primary number turning to red by 2.7 %, exceeding 2.5 %.
  • The unemployed demands for the American initial work for the week ended February 21, at the top of 224,000, with specific numbers for Washington, DC, in the uprising. It is clear that the effect of Dog is playing here. Continuous claims in the United States for the week ended in February 14 to 1.862 million, less than 1.870 million expected people and less than 1.869 million former people.
• At 16:00 GMT, the manufacturing activity index will be released in Kansas in February. There are no expectations available with the previous reading in -5.
• Five US Federal Reserve officials are scheduled to speak:
  • At 15:00 GMT, the Vice President of the Federal Reserve supervises Michael Bar’s supervision of a speech on “Supervising the New Activity” at the Techsprint event Fintech and Finetech arrangements in Washington, DC.
  • At 16:45 GMT, Federal Reserve Governor Michel Bowman gives a speech focusing on community banking services in the Robbins Banking Institute of Fort Hayes University in Hayes, Kansas.
  • At 18:00 GMT, the President of the Federal Reserve in Richmond Thomas Parkin will talk about “inflation at the time and now”, in Vitelville Camberland for Economic Development, North Carolina.
  • Just 15 minutes later, at 18:15 GMT, the Federal Reserve in Cleveland and CEO Beth M. Hamak at the “Bank Organization Research Conference 2025” at the University of Colombia/Bank Policy Institute, New York.
  • It wanders at 20:15 GMT, the Federal Criminal Army Bank in Philadelphia, Patrick T. Harker, will discuss economic expectations in the economic expectations of Leon, presented by the Center for Economic Education and Entrepreneurship at Dilayer University, in Newark, Dilayer.
• The stocks roll in both Europe and the United States with US indicators less than 1 %, while Europe faces greater losses near its closing bell.
• The CME Fedwatch is 33.0 % opportunity for interest rates in the current range in June, with the rest to show a potential reduction in prices.
• The return in the United States is traded for about 10 years by about 4.28 %, not far from its lowest level in this week 4.24 % AAT, and ND again at the highest level last week by 4.574 %.

Technical analysis of the US dollar index: There is finally

The US dollar index (DXY) does not really flourish after President Trump’s comments overnight. Once again, it seems that the US dollar cannot enjoy a very light part of the current market flow, and it is largely met with the continuous decrease in American revenues. Find the sensitive data of inflation that may conflict with the expectations of reducing the current federal reserve, prompting the United States to return to the top and lead to stronger green appearance.

On the upper side, the simple moving average for 100 days (SMA) can bound to buy bulls to buy Greenback near 106.75. From there, the next station can rise to 107.35, which is a central support from December 2024 and January 2025. In the event of the United States recovering and heading up again, it is possible to test up to 107.95 (55 days SMA).

On the negative side, if the DXY fails to stick to the top of 106.52, it may be needed less than the other leg to lure the dollar bulls to re -insert it near 105.89 or even 105.33.

US dollar index: daily chart