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- Greenback loses previous gains after China has released a tariff for all American goods.
- The focus is now moving to non -agricultural salaries and Federal Reserve Chairman Jerome Powell speaks.
- The US dollar index has returned below 102.00 and appears as a bleak before the weekend.
The US dollar index (DXY), which tracks the performance of the US dollar (USD) for six major currencies, sees a previous attempt to recover failure, and traded in 101.90 at the time of writing this report on Friday. China is launched in the US tariffs by imposing a 34 % tariff on all American goods as of April 10, a day after the US tariff. The focus is now about Non -agricultural salary statements (NFP) Data version and Federal Reserve (Federal Reserve) President of Jerome Powell’s speech even after that.
on Economic evaluation Front, forecast for NFP It ranges from 80,000 to 200,000, with consensus at 135,000 to perform March. Seeing the slide on Jolts Jobs Outings and that Risherge in Challenger Job Cuts ADPTS this week, the question will be whether 135000 is not a great expectation. Markets can search for guidelines from Powell, who will speak shortly after that.
Daily Digest Market Movers: Headline and Data Lack in Tango
- At 12:30 GMT, US recruitment data will be released for the month of March:
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- Non -agricultural salary statements are expected to come 135,000 compared to 151,000 in February. It can see a decrease of less than 80,000 vulnerable points in the US dollar, while a number of more than 200,000 will witness the strongest US dollar.
- The average monthly clock profits should remain stable at 0.3 %.
- The unemployment rate is expected to reach 4.1 % as in February.
- At 15:25 GMT, Federal Reserve Chairman Jerome Powell talks about economic expectations at the Association for the Liberation of Business and Writing (SABEW).
- At 16:00 GMT, Federal Reserve Governor Michael Bar will talk about artificial intelligence and banking services.
- Federal Reserve Governor Chris Waller will speak at 16:45 GMT at the Federal Reserve Conference in New York.
- Killing on the commercial floor with losses in Europe is about 4 % to 5 % while American stocks dive near 4 %.
- 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 68.1 %, from 81.5 % last week. For the June meeting, borrowing costs are 92.6 % lower, while the probability was approximately 81.1 %.
- US revenues are traded for about 10 years by about 3.90 %, which is the lowest new level for five months with the lowest level in the proximity of 3.69 % from the beginning of October 2024.
Technical analysis of the US dollar index: trading the swing
The pendulum of the US dollar index swinging, with strength on the left and weakness on the right. On the left, there were years of the power of the US dollar, which was seen as a market standard. However, since the beginning of March – with a draft defense budget spending law and US President Donald Trump in his post – the pendulum swing from DXY. More weak US dollar is likely to be as soon as the effect of a tariff on the American economy begins to have its impact. With fears of stagnation and stagnation, DXY can easily decrease to less than 100.00 later this year.
With the great declining move on Thursday, some support levels turned into resistance. The first level to pay attention is 103.18, which was supported as support throughout the month of March. Above there, the axial level 104.00 and the simple moving average for 200 days (SMA) is operated at 104.89.
On the negative side, 101.90 is the first defense line and must be able to run the bounce as an index of the proportional power index (RSI) issues warnings from the daily sale conditions on the daily table. Perhaps this is not Friday, but in the coming days, you can see a break less than 101.90 legs less about 100.00.
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.
