• Greenback in a weekly loss before the American trading session on Friday.
• The main risk stays with headers in the field of closing the government and the wind on the tariff head.
• The American dollar index has been confined by an obstacle 104.00 and looks like a negative tone to close the week.

The American dollar index (DXY), which tracks the efficiency of the American dollar (USD) compared to the six main currencies, will fall lower on Friday after several tariff headers and expenditure account in the USA. The index, which was confined below 104.00 this week, did not move so much despite the gossip with a possible suspension agreement by Ukraine, the first steps in the German plan of voting spending and retaliation from Canada and Europe at the US tariffs.

At the front of economic data, the University of Michigan published preliminary reading of consumer moods in March and 5 years of inflation expectations. Apparently, the sentiment rotates with significant lower readings of consumer moods, while inflation expectations are tilted up.

Daily Digest Market Movers: The consumer says no

• Gold as a secure asset of Haven violated the 3000 USD sign in an induced recession this Friday, in which traders are very concerned about the economic growth and tariff perspectives, and mutual fees come into force in April.
• Closing the government seems to be avoided after it is said that the leader of the minority of the Senate Chuck Schumer supports Wednesday’s financing at home.
• Bloomberg reports that the World Trade Organization (WTO) was asked by Canada to check the possibility that US President Donald Trump’s tariffs are illegal.
• The University of Michigan has released a preliminary reading on the march:
  • The index of consumer sentiments in the US has dropped to 57.9, which is a vast deviation from the expected 63.1, comes from 64.7 in the last February.
  • 5 years of waiting for consumers inflation in the US increased to 3.9%, increased from 3.5% in the last February.
• Actions make another attempt to reject the negative tone of this week. All indexes have increased by over 0.50% throughout Europe and in the USA.
• The CME Fedwatch tool designs 97.0% chances for no change in interest rates at the upcoming FED meeting on March 19. The chances of reduction of the rate at the meeting on May 7 is 32.8% and 78.5% at the June meeting.
• 10-year income in the US trads around 4.306%, discounts of almost five months of the lowest level 4.10% printed on March 4 and after reaching a five-day maximum on Thursday.

American dollar index Technical analysis: stuck inside

The American dollar index (DXY) shows bear fatigue after its steep correction down last week. The variability in the price action was completely eroded, and even DXY stabilizes on Friday after recovering the initial weekly losses. While tensions accumulated from mutual tariffs that enter in April, it looks like the American dollar index can be on the verge of equalizing some losses last week during the assessment of the direction to the next week.

The risk of growth is a rejection to 104.00, which can cause a greater slowdown. If the bulls can avoid it, look for a vast sprint higher towards the round level of 105.00, with a 200-day straight movable average (SMA) at 105.02. After breaking this zone, constant levels, such as 105.53 and 105.89, will appear as hats.

On the other hand, the round level of 103.00 can be considered a bear in case we snail-paced down again, and even 101.90 is not unthinkable if the markets are even more surrendering in their long -term American dollar farms.

American dollar index: daily chart