- The US dollar is traveling widely in The Red on Tuesday, which reduces its value against most of their main peers.
- The German Green Coalition is said to have returned to the right track of a defensive draft defensive spending.
- The US dollar index is heading to the minimum range of 103.00 and can break it.
The US dollar index (DXY), which tracks the performance of the US dollar (USD) against six major currencies, comes out of the lowest unprecedented levels since October 2024. The index is trading over 103.50 at the time of writing this report on Tuesday. Greenback faces the opposite winds on the early European comments from the German Green Alliance, which he said is due to the right track to obtain an agreement on the German Defensive Acts Bill. This pays the US dollar (USD) less in favor of the euro (Euro).
On the economic data front, the Jolts Jolts jobs report for January will attract most of the attention. Darkening from merchants is already from stagnation, so it may add an additional decrease in job opportunities to this conviction and see more negative momentum of DXY. The business optimism index in the United States has already decreased to 100.7, a loss of 101 and higher than the previous 102.8 reading.
Digest Market Motors: Some points to call
- In the early European trading session, a major title said that the leader of the German Green Coalition is said to be hoping for the defense spending agreement this week, Bloomberg said. This news represents a 180 -degree shift from the title that led to the power of the US dollar (USD) on Monday, as the Green Party was not ready to support any defensive spending deal.
- At 14:00, Jolts Jolts Jobs will be published for January. Expectations are dedicated to an increase of 7.75 million in opening, compared to 7.6 million from December.
- Arrows try to brush from death and depression from the two. European stocks are higher while futures in the United States are in a positive area.
- The CME Fedwatch Tool provides a 95.0 % opportunity for lack of interest rate changes at the upcoming Federal Reserve meeting on March 19. However, the chances of lowering prices at the May 7 meeting to 47.8 % and 89.9 % at the June meeting.
- The return in the United States is trading for 10 years about 4.20 %, from its lowest level in five months at 4.10 % printed on Tuesday last week.
Technical analysis of the US dollar index: Not an event for one day
The US dollar index (DXY) faces more pressure on the sale on Tuesday, as the fear of stagnation does not disappear. Traders are still concerned about the impact of definitions and uncertainty on the American economy. When seeing performance in American stocks from year to date, there is no great reason to be happy and not a reason to support a stronger dollar in the current narration.
There are high risks at 104.00 to reject a company. If the bulls can avoid this, look for a large racing towards the 105.00 round level, with a average simple movement for 200 days (SMA) at 105.03. Once it is broken in that area, it will present a series of axial levels, such as 105.53 and 105.89, as covers.
On the negative side, the round level of 103.00 can be considered declining in the event of the start of American revenues again, with up to 101.90 cannot be conceived if the markets surrender to their long -term property of the US dollar.
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.