Euro Marches/US dollar, where the US dollar maintains bleeding

• The euro/the US dollar rises to approximately 1.1145, as the US dollar is severely exposed by declaring the Trump’s mutual tariff.
• US President Trump announced 20 % of mutual fees on the euro area.
• EC Von der Leyen returns to revenge if negotiations with Washington fail.

Euro/dollars It climbs to its highest level since October about 1.1145 in the North American session on Thursday and gaining approximately 2.5 % a day. The main currency pair exceeds the performance (EUR), although fears of a possible trade war between the United States and the United States The euro area I escalated yet US (United States) President Donald Trump announced 20 % of mutual definitions in the European Union (European Union).

The European Commission President (EC), Ursula von der Lin, said that the consequences will be “bitter for millions of people all over the world.” She warned that the old continent was ready to take revenge on counter -measures if negotiations with Washington ended without a health conclusion. Von der Lin added that EC is already ending the “first package of anti -measures” in response to steel definitions and is now preparing for more counter -measures to protect our “businesses and interests”.

Last month, von der Lynne warned against imposing a tariff of 26 billion euros of imports from the United States as a 25 % anti -Tram -reinforcing measure on steel and aluminum imports, which became effective on March 12.

Meanwhile, European Central Bank officials (ECB) has ruled out expectations that inflation driven by customs tariffs can contemplate more cuts in interest rates. During the European trading hours, the European Central Bank’s policy maker and Greek Bank Ruler Yannis Storenarras said that the American customs tariff will not be “an obstacle to reducing interest rates in April” where the path of inflation remains “unchanged.” Stornarras led the American customs tariffs will “Negatively” affects the GDP growth rate in the eurozone (GDP) by 0.3 % -0.4 % in the first year.

Digest Market March: Euro/US dollar marches amid weak in US dollars

• The main motivation behind the absolute power in the US/US dollar pair is the US dollar decline (USD), which takes a bullet to move in the long term in the US economy. The US dollar index (DXY), which measures the value of Greenback for six main currencies, to nearly 101.30, which is the lowest level seen in six months.
• On Wednesday, Stephen Miran, Chairman of the US Economic House of Economists, agreed that the customs tariff announced by US President Donald Trump can lead to short -term bumps in the economy but will be favorable for long -term horizons. His comments came after Trump revealed the planned mutual definitions. Trump has announced a 10 % baseline duty on all imports to the United States and the additional specific fees on most of its commercial allies. Some leaders of the targeted countries threatened revenge against counter -measures.
• Market participants expect that Trump’s tariff will lead to a global economic slowdown, including in the United States. Experts believe that new import duties are higher than expected and sufficient to send the American economy to recession. Such a scenario paves the way for inflation, assuming that high fees will reduce the efforts they made Federal Reserve (Nutrition) to contain sticky inflationary pressure. This will complicate the Federal Reserve job in maintaining inflation near the 2 % goal with full employment.
• To move forward, investors will focus on the United States Non -agricultural salary statements (NFP) data for March, which will be released on Friday. Official recruitment data will affect market expectations for monetary policy expectations at the Federal Reserve Bank. On Wednesday, ADP recruitment change data showed that the private sector added 155,000 new workers in March, which is much higher than 105K expectations and the previous version 84K.
• At Thursday’s session, investors will pay close attention to the data of the S& P Global and ISM Services Buying (PMI) for the month of March, which will be published during the trading hours in North America. It is estimated that the S & P Global Services PMI is in line with the initial reading of 54.3. The PMI Services ISM is expected to come at 53.0 of February 53.5, indicating that activities in the service sector have grown moderately.

Technical Analysis: Euro Eyes/dollars more up about 1,1200

Euro/dollars It gathered to approximately 1.1150 on Thursday after a decisive outbreak of the previous resistance of 1.0955, and traded at levels that have not been seen since early October. In the short term Expectations Among the two main spouses, the currency pair turned to a very climb as the SIA moving average resumes for 20 days (EMA) his upscale journey, where he traded around 1.0800.

The relative strength index jumps for 14 days (RSI) around 70.00 after calm to approximately 60.00, indicating that the upscale momentum has resumed.

Looking down, the mid -March resistance area is about 1.0955 is the first support to be taken into account, followed by March 31 at 1.0850. On the contrary, the September 25 height of 1.1214 will be the main barrier of euro bulls.