- EUR/USD is trading flat at 1.0830 on Monday after lowering a short time to less than 1.08 last week.
- The initial PMI data for March from Germany, France and the euro area in general are mixed.
- Markets suffer from a sigh of relief with a possible softening of mutual tariffs, according to American officials.
The euro/the US dollar turns near today near 1.0830 at the time of writing this report on Monday, amid the headlines of US officials that the upcoming mutual definitions will target some products and sectors. In general, the couple is expected to remain above 1.08 now after US officials (United States) commented on Monday that the upcoming mutual definitions will be targeted by the sector and the country, and not at all on the wide of al -Qaeda, as US President Donald Trump announced.
Meanwhile, on the economic data interface, the initial purchasing managers index (PMI) is issued on March on Monday. On the ancient continent, the indicators of the Islam conference at the S& P Global and Hamburg Commercial Bank (HCOB) were optimistic in France, where they overcame the estimates and readings of February in both the manufacturing and services sectors, but still indicate a shrinkage. Meanwhile, the results of Germany and the total eurozone were mixed. The focus is now moving to the World PMI data in the United States at 13:45 GMT.
Daily Digest Market Movers: PMI, USA comparison
- European PMI data has already been released:
- For France, optimistic numbers with the service component of 46.6, overcoming 46.3 expected and previous reading 45.3. The manufacturer’s component jumped to 48.9, coming from 45.8 in February and hitting 46.2 expected.
- In Germany, the service sector reading decreased to 50.2, and lost an estimate of 51.4 and under the previous 51.1. The manufacturing component has emerged to 48.3, overcoming the previous 46.5 and over 47.7.
- In the overall euro area, PMI Services decreased to 50.4 from 50.6 previously, with less than 51.0 expected. However, the manufacturing reading accelerated to 48.7 out of 47.6 in February, expected 48.0 expected.
- The National Activity Index of Chicago Fo Fo FoBruary was a surprise 0.18, overcoming the previous -03 to -0.08.
- At 13:45, the S & P Global S & P Global S & P. Service management services managers are expected to reach 51.2, from 51.0. Manufacturing reading is expected to drop to 51.9 from 52.7.
- At 19:10 GMT, Vice Chairman of the Board of Directors of the Federal Reserve, Michael Barr, will speak in a moderate discussion of small business lending in an event hosted in the progress of innovation and fairness in financing small business, Washington, DC,
- The stocks gather on Monday after the news that the upcoming mutual definitions may be less severe than it was announced at first. In Europe, all indicators have risen to 0.5 %, while futures in the United States believe that Nasdaq is driving more than 1 % before the opening bell.
- The CME Fedwatch Tool provides an 85.1 % opportunity for the Federal Reserve (Fed) to maintain interest rates unchanged at the May meeting while there is a minimal opportunity by 14.9 % to lower prices.
- The return in the United States is trading for 10 years about 4.289 % and looking for a trend after a sharp correction of last week.
Technical Analysis: It took place between barriers
EUR/USD pair stuck in a very narrow range on the weekly graph. The fact that EUR/USD closed less than a simple simple moving average for 200 weeks (SMA) at 1.0854 last week means that returning to 1.10 is not in the cards immediately. On the other hand, support from SMA reveals for 100 weeks at 1.0782 and 55 weeks SMA at 1.0740 that the shift to 1.05 has not been set quickly as well.
On the upper side, 1.1000 is the main level to search for. Once this level is violated, the husband enters the famous 1.1000-1.1500, as it often tends to stay for some time. First, of course, SMA must be recovered for 200 weeks at 1.0854.
On the negative side, support from SMA should be for 100 weeks at 1.0782 and SMA for 55 weeks at 1.0740 sufficient to support any sale of sale that the euro/USD may face. In the event that it does not stick, 1.0667 and 1.06 are the next two goals on the negative side.
EUR/USD: weekly graph
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.
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