• Mull USA markets vice president JD Vance about Europe during a leaking signal chat.
• US President Trump introduces “secondary tariffs”.
• The American dollar index does not break 104.50 after a low test.

The American dollar index (DXY), which follows the efficiency of the American dollar (USD) compared to the six main currencies, did not break above 104.50 earlier attempts. The index trads slightly above 104.00 at the time of writing OS on Tuesday, while the markets evaluate two main stories. The first market driver comes from the President of the United States (USA) Donald Trump, who issued “secondary tariffs” in the amount of 25% on all goods from countries that still buy oil from Venezuela. Trump softened the size and width of mutual tariffs, which are to start on April 2, and commented on the addition of more target tariffs, aluminum, pharmaceuticals, fries and wood, informs Bloomberg.

Meanwhile, the markets are looking for comments from the European block after the American news editor was invited by mistake to a signal chat group with several Trump administration officials, including vice president JD Vance, advisor to national security Michael Waltz, Secretary of Defense of Pen Hegeth and Secretary of State Marco Rubio. JD Vance comments in Europe painted a clear picture of what and how he would like the EU to be tariffs to pay for military activities in the USA against Houthi Rebels, informs the Financial Times. This issue not only raises questions about the US attitude towards Europe, but also about security problems, because an external chat application was used to discuss military operations, weapons and tactical plans.

Daily Digest Market Movers: German data compensation

• In early European trade, the German Institute of Economic Research (IFO) published its sentiment indicator. The current assessment number was 85.7, overcoming the expectations of 85.5 and previous readings 85.0.
• Around 12:40 GMT Adrian D. Kugler from the Council of Governors of the Federal Reserve (FED) is to talk about the economic landscape and entrepreneurship in the American Latin Chamber of Commerce 2025 Summit.
• At 13:00 GMT was entitled to a housing price indicator for January. Expectations apply to a softer growth by 0.2% compared to the previous 0.4% reading.
• At 13:05 GMT, the President of the Fed Bank of New York John Williams provides comments at the Regional and Social Banking Conference at New York, New York at New York Fed at New York Fed in New York.
• At 14:00, some US economic data will be issued:
  • The trust of consumers of the American Commission will be issued. No forecast is available.
  • The up-to-date sales of houses are expected to boost to 0.68 million pieces in February compared to 0.657 million in January.
  • The Richmond Fed production indicator is to boost to 8 in March, comes from 6 in the previous month and signaling the reception of activity.
• The actions are mixed on Tuesday, and Chinese indicators are falling. Hang Seng closed by more than 2% lower. European shares boost by over 0.50%, and the Futures in the US dropped by less than 0.50% during the day.
• According to the CME Fedwatch tool, the probability of other interest rates in the current range 4.25%-4.50%in May is 89.2%. In June, the chances of loan costs are lower are 62.5%.
• 10-year income in the US trades around 4.35% after the bonds were sold on Monday with an boost in shares.

American dollar index technical analysis: contradictions and correlations

The American dollar index (DXY) encounters pressure on sale on Tuesday after a very early test to break above 104.50. The return occurs after US President Donald Trump issued more fears and restrictions on tariffs before the date of April 2. Depressed messages from the US Vice President JD Vance about Europe and other trading partners are a matter of concern for markets.

Last week, a weekly similar above 104.00, a gigantic sprint may still occur towards the round level of 105.00, with a 200-day straight average movable (SMA) at this time and strengthens this area as a powerful resistance at 104.97. After breaking this zone, a string with a key level, such as 105.53 and 105.89, can limit the shoot up.

On the other hand, the round level of 104.00 can be considered the first nearby support. If this does not persist, the risk of DXY returns to this march, they range between 104.00 and 103.00. When the lower part to 103.00 subsides, watch out for 101.90 in the minus.

American dollar index: daily chart