- Greenback begins to lose Earth against most of their main peers on Wednesday.
- US President Trump is scheduled to announce mutual definitions on Wednesday.
- The US dollar index is trading around 104.10, while looking for any type of driver.
The US dollar index (DXY), which tracks the performance of the US dollar (USD) against six main currencies, begins turning red and decreases to less than 104.00 at the time of writing this report on Wednesday, while selling shares and low bonds. Greenback is still sedative a few hours before the US President (United States), Donald Trump, announced the application of mutual tariffs at the White House at 20:00 GMT. The White House and Trump Administration are very superficial in the details, and yet, it is still unclear what the definitions will mean for the markets.
In economic data versions, this main event on Wednesday was the private sector employment data data (ADP). As usual at Non -Agricultural salary week (NFP), the official number ADP No. NFP is preceded by the Bls Statistics Office (BLS). Although there is no real relationship between NFP and ADP numbers for the private sector, the optimistic number on Wednesday determines the tone of expectations on Friday.
Daily Digest Market Master: Build pressure
- The ADP recruitment change data jumped for the month of March to 155,000, overcoming 105,000 expectations in the new recruitment compared to 77,000 in February.
- At 14:00 GMT, the February Factory Order Data will be released. Expectations to increase 0.5 % softer compared to the previous 1.7 % seen in January.
- At 20:00 GMT, the main event on Wednesday on Wednesday, US President Donald Trump will announce a widespread tariff at an event called “Liberation Day”. The moves can significantly affect global trade and financial assets.
- The shares turned blood to red before the American trading session. Both European and the United States fell to more than 1 % a day.
- 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 85.5 %. For the June meeting, borrowing costs are 74.4 % less.
- The return in the United States is traded for about 4.11 %, which is the lowest new monthly level as the bonds are a safe resort.
Technical analysis of the US dollar index: Finally, get some measures
The US dollar index (DXY) has not been able to see any major moves or changes again even after Trump announced the “liberation day”. Dark traders are still about the impact of all these drawings and definitions on the United States and the global economy. While the local American recession will witness a largely lower US dollar, the global slowdown will benefit and enhance Greenback as a safe haven.
In this case, a return to the 105.00 circle level can occur in the coming days, with simple moving average rapprochement for about 200 days at that stage and strengthening this area as a strong resistance at 104.93. 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 since Friday. 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
Customs fees are common questions
Customs duties are useful customs duties on some imports of goods or a category of products. Customs duties are designed to help local producers and manufacturers to be more competitive in the market by providing the price feature on similar goods that can be imported. Definitions are widely used as fever tools, along with commercial barriers and import shares.
Although customs tariffs and taxes generate government revenues to finance public goods and services, they have many differences. Customs duties are pre -paid in the entry port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while customs duties are paid by importers.
There is a school of thought between economists regarding the use of definitions. While some argue that definitions are necessary to protect local industries and address commercial imbalances, others see them as a harmful tool that can push prices up in the long term and lead to a harmful commercial war by encouraging customs tariffs.
During the period before the presidential elections in November 2024, Donald Trump explained that he intends to use the customs tariff to support the American economy and American producers. In 2024, Mexico, China and Canada accounted for 42 % of the total imports of the United States. During this period, Mexico emerged as the best source with $ 466.6 billion, according to the American Statistical Office. Thus, Trump wants to focus on these three countries when imposing definitions. It is also planned to use the revenues created by definitions to reduce personal income taxes.
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