American dollar near a friend of the PCE data

DXY trades flat about 104.30 because PCE data did not offer a fresh impulse.
February PCE increased by 0.4%, maintaining inflation fears in front of the showd tariff of the April.
The resistance lies at 104.47, while 103.95 brief -term support signs.

The American dollar index (DXY), which measures the value of the US dollar (USD) in relation to the currency basket, is currently near 104.30 on Friday after the release of the preferred indicators of the Federal Reserve inflation (FED) – the price of personal consumption (PCE). Reading showed a delicate growth, helping the green to maintain the latest levels. However, the rally seems restricted when unthreatening flows favor gold and the technical signals remain bears.

Daily Digest Market Movers: American Dollar has profits after PCE release, tariff seizures

The basic February PCE increased by 0.4%, above the expected 0.3%, strengthening persistent concerns about inflation in the United States.
PCE header printed at 0.3%, corresponding to expectations and not offering any stern surprises for traders.
Despite the stronger data, the American dollar index traded sideways when Gold increased over USD 3 080 to achieve recent record maxima.
Recent tariff ads of the US President Donald Trump, including 25% car fee with a effect of April 2, shook the global commercial mood.
European Union officials warned against a “solid and timely” response if the tariffs are implemented as planned next week.
The Vice President of the European Central Bank (EBC) Luis de Guindos said that the tariffs will have short-lived inflationary effects, but eternal damage to the euro area growth.
German Chancellor Olaf Scholz criticized the US strategy, stating that isolationism will ultimately harm all involved economies.
DXY remains in a strict consolidation extent because the markets expect more clear direction catalysts after PCE.
On Thursday, the US GDP was changed to 2.4% in Q4, slightly above the initial estimates, but had a minimum impact on green.
Data on unemployment claims showed improvement, and further claims fell to 1.856 million, which supports the narrative of the labor market.
The tariff term is approaching on April 2, increasing the fears of a possible trade conflict with the EU.

Technical analysis

The American dollar index (DXY) still trades consolidation near Zone 104.30 after a delicate reaction after PCE. While the divergence of the movable average convergence (MacD) flashes the buy signal, the shoot indicators remain mixed. The amazing oscillator remains constant, which suggests the suppressed trend strength. The bear background is supported by uncomplicated moving average 20, 100 and 200 days (SMA), as well as 10- and 30-day interpretation medium movable (EMA), all indicating lower. The resistance is located at 104.118, 104.145 and 104,472, and immediate support is 103.951.