Flat of the American dollar at the beginning of the next key week in the markets

At the beginning of the week, the edges of the American dollar at the beginning of the week with all the eyes at the Trump-Putin meeting on Tuesday.
American bond markets are to go to the upcoming FED meeting on Wednesday.
The American dollar index remains strictly after retail data in the USA on Monday.

The American dollar index (DXY), which follows the results of the American dollar (USD) compared to six main currencies, can see an explosion of variability among geopolitical development and federal reserve (FED) this week. At the time of writing on Monday, the DXY index becomes lower and trades nearly 103.60 after issuing sales data in the United States (USA) in February.

On the geopolitical front, on Tuesday, the meeting of US President Donald Trump was planned and the President of Russian Vladimir Putin, and both sides discuss the territory and divide some assets, according to President Trump on Sunday in Airforce One, Bloomberg informed.

The second major development is in German policy, voting on Tuesday for an expenditure package worth 1 trillion euros in order to escalate the European weapon industry that would spill into the entire European industry. If the contract and support can be achieved with the green, most of the third majority would be present to get a plan by the German Bundestag.

On the front of economic data, all eyes will be in the Federal Reserve (FED) and the Federal Open Rynek Committee (FOMC) on Wednesday, where every FED voting member will have in its projection, in which the degree of central bank policy will be in the next and medium period. Before the decision of the FED and the Fed chairman, Jerome Powell, retail sales in the USA in February recorded a terrible search, while the current retail sales fell.

Daily Digest Market Movers: Retail sales claims that the customer is fed up with

President Trump said on Tuesday with Russian President Vladimir Putin, when American presses at the end of the fight in Ukraine, Bloomberg informs. On Sunday, during the flight to Air Force One, President Trump confirmed that the discussion will concern territory and division of some assets and that there is a “very great chance” on a contract.
At 12:30 GMT, retail sales in the USA appeared:
The monthly number was 0.2%, regardless of 0.7% compared to the previous 0.9% contraction in January. It is even more painful that -0.9% were corrected to -1.2%. The annual number previously amounted to 4.2% and dropped to 3.1%, while 4.2% earlier was changed to 3.9%.
At the same time, the NY Empire State Manufacturing Index for March took over, contracting at 20, lack of the expected contraction of 1.9, derived from positive 5.7 in February.
Actions do not impress, with another ponderous performance on Monday. In American Futures they are red, while European actions come green.
The CME Fedwatch tool sees 99.0% chances of no interest rate changes at the upcoming Fed meeting on Wednesday. The chances of reduction of the rate at the meeting on May 7 are currently 27.5%.
10-year income in the US trads around 4.30%, discounts of almost five months of the lowest level 4.10% printed on March 4.

Index Dollar Index Technical Analysis: stuck in a ditch

The American dollar index (DXY) got stuck in the range from 103.18 to 103.99. However, seeing geopolitical risk events and the FED decision this week, the breakthrough seems inevitable. Watch out for any false breaks and stick to radiant technical levels that make sense, such as a round level of 105.00 at the top and 101.90 in the minus.

The risk of growth is a rejection to 104.00, which can cause a greater slowdown. If the bulls can avoid this, look for a enormous sprint higher towards the round level of 105.00, with a 200-day straight movable average (SMA) at 105.01. 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 ponderous 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

(This story was corrected on March 17: 12: 46gmt to say that DXY trades nearly 103.60 after the release of retail data in February. Not earlier)