• The dollar indicator gains adhesion, reaching fresh week above 108.00 as the market moods deteriorates.
• Orders for fixed goods in the US were disappointed, falling by 2.2% in December, there is a lack of expectations as to 0.8% growth.
• Treasury Secretary Scott Bessent proposed gradual tariffs, but Trump pressed at higher, uniform rates, terrifying investors.
• Consumer trust in January fell to 104.1 of 109.5 December, reflecting the growing fears of economic perspectives.

The American dollar indicator (DXY), which measures the value of the American dollar in relation to the currency basket, expanded its profits on Tuesday, consolidating above the psychological level of 108.00. Market sentiments were accommodated after re -fears of tariffs and impoverished economic data in the USA, including lower than expected orders for eternal goods and decreasing consumer trust. Despite these winds, DXY managed to keep the last minima, signaling some immunity.

Daily Digest Market Movers: American dollar profits despite impoverished economic data

• Treasury Secretary Scott Bessent proposed an incremental tariff for all US imports, starting from 2.5%, causing risk aversion in markets.
• President Trump counted the bessent’s suggestions, demanding much higher tariffs, additionally disturbing global financial markets.
• The indicator of the trust of the Consumer Conference Council fell to 104.1 in January from 109.5 in December, which indicates weaker sentiments.
• Orders for fixed goods fell by 2.2% in December, conducted by a 7.4% decrease in transport equipment, which means another economic failure.
• By excluding transport, novel orders increased modestly by 0.3%, offering restricted optimism among wider decreases.
• Fears of overstated AI actions contributed to a cautious market mood, limiting the appetite to risk and favoring the American dollar.
• Investors now move their eyes to the Wednesday decision of the federal reserve, in which the detention is already valued.

DXY Technical perspectives: resistance above 108.00, the risk of correction remained

The dollar indicator showed immunity, recovering levels above 108.00, strengthened by the renovated protected demand. However, technical indicators paint a mixed image. While RSI remains below 50, pointing to a feeble momentum, MacD shows the growing flat rods, signaling the sturdy pressure of the bear.

On the other hand, the upper correction can stretch if the down movement is excessively scattered. Immediate resistance lies at 108.50, while the lack of maintenance of 108.00 can see the support of the DXY index near 107.50.