- DXY is traded near the 104.30 zone after a modest upward reaction to economic data.
- Traders Durable Property Power and Fresh Copper Tariff Reviews against Geopolitical Armistice noise.
- Resistance is aligned close to 104.53, while 104.09 short -term support.
The US dollar Index (DXY), which measures the value of a US dollar against a basket of currencies, stands near 104.30 during Wednesday’s session. Greenback helps Greenback Edge higher when combined with Sahin Rhetoric, one of the Fed officials, from the FED officials in February’s durable goods orders. However, the momentum indicators still clash by pointing to a fragile reversal.
Daily Digest Market Carriers: US Dollar Series As Data, Fed Comments Offset Risk Emotion Shift
- For February, Greenback uses the US’s durable property orders more strongly, which sees that the previous data has been revised upwards.
- US President Donald Trump announced that copper tariffs will come earlier than the envisaged markets and help usd traction.
- In the Black Sea between Ukraine and Russia, an early disadvantage for a potential ceasefire Dxy, but peace talks face great obstacles.
- Russia’s requests to remove all sanctions on agriculture and banking in exchange for optimism of the ceasefire.
- Neel Keşkari reiterated that inflation progress was missing and strengthened expectations for long -term restrictive policy.
- Traders remain sensitive to PCE data this week due to the uncertainty about the Ratio path.
- Market participants carefully evaluate tariff headings and geopolitical signals by balancing the risk appetite against Fed squeezing signals.
DXY Technical Analysis: Light Taurus Tone Poor Market
The US Dollar Index shows a slight rise tone traded in the range of 104.18-104.46 in Wednesday’s session. Moving average convergence deviation (MACD) prints a slight purchase signal, wider pressure 20 days, 100 days and 200 -day simple moving averages (SMA) as all signal sales remains as a decrease.
The 30 -day exponential moving average (EMA) and SMA continue to act as top obstacles. Although the short -term momentum remains weak, the relative force index (RSI) appears neutral when matched with stochastic. While the switch resistance is at 104.43, 104.47 and 104.53, instantly supports the instant support at 104.09 and 103.84.
