• Markets are considering recent advertisements about copper tariffs and Russian-Ukrain negotiations.
• The USA, February goods are a great bit of expectations and changes in previous reading.
• The American dollar indicator sees support at 104.00 and reflects higher in the direction of 104.50

The American dollar index (DXY), which follows the efficiency of the American dollar (USD) compared to the six main currencies, is only a few cents in the amount of 104.50, and consolidates on Wednesday after issuing data from ordering data for fixed data in the USA.

On the one hand, DXY sees some sales pressure from a ceasefire in the Black Sea, mediating through the United States (USA), in which Ukraine is ready to commit, and Russia withdraws and requires increases in all sanctions against banks and agricultural companies.

On the other hand, shopping pressure comes from the comments of US President Donald Trump, who said that copper tariffs would come in a few weeks, much earlier than the markets expected.

On the front of economic data, February orders for fixed goods raise the green place. The expectations were quite bear, with 1% contraction for the number of forecasts compared to 3.2% raise from the previous month. Instead, a positive number and an raise in the previous reading of the American dollar. On the front of the Federal Reserve (Fed) President Minneapolis Fed Neel Kashkai and President ST Louis Fed Alberto Musalem, I have to speak on Wednesday.

Daily Digest Market Movers: Big Beat goods lasting goods

• At 11:00 GMT Mortgage Bankers Association (MBA) published a weekly mortgage application number. The number this week was -2% compared to the previous cramp 6.2%.
• At 12:30 GMT was due data from February orders for fixed goods:
  • The headers increased to 0.9%, which is a great rhythm of -1%, with the previous version of 3.2%to 3.3%.
  • Permanent goods excluding transport were sanguine at 0.7%, exceeding 0.2% of the survey number. 0.0% in the previous month was changed to 0.1%.
• Around 14:00 GMT, president of the Federal Reserve Bank in Minneapolis, Neel Kashkari, will host the event and talks at Detroit Lakes Regional Chamber of Commerce Summit of Detroit Lakes, Minnesota.
• Only 10 minutes after Kashkari Fed, President of St. Louis Fed Alberto Musalem will take a speech in dinner with the commercial development of Paducah Area/Greater Paducah.
• Actions do not break any pots on Wednesday, with slight profits in Asia and diminutive losses in Europe and in American term contracts.
• According to the CME Fedwatch tool, the probability of remaining interest rates in the current range 4.25%-4.50%in May is 88.4%. In June, the chances of loan costs are lower are 65.6%.
• 10-year income in the US trads around 4.34%, and bond traders see that the yields are higher, because the difference in the rate between the USA and other main countries expands again.

American dollar index Technical Analysis: Reflection

The American dollar index (DXY) consolidates on Wednesday. Technically, support in 104.00 is good for reflection, while concerns about tariffs and impact on the American economy support the strength of the American dollar. On the contrary, ongoing talks about Russia-Ukraina’s peace agreement mean that a sigh with relief can survive markets, weighing the American dollar.

Last week, a weekly similar above 104.00, a huge 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 forceful resistance at 104.96. 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 is the first nearby support after a successful reflection on Tuesday. 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