- DXY falls towards the lowest levels of the session while merchants are preparing for the Trump Putin meeting.
- American retail sales are disappointed, which enhances fears of economic momentum.
- The Federal Reserve’s decision is waving the location of the markets with caution.
- Technical indicators indicate possible stability after severe losses.
The US dollar remains under pressure at the beginning of the week, as investors decreased more softening retail sales data than expected and supporting major political developments. On Tuesday, President Donald Trump is scheduled to participate in discussions about Ukraine with Russian President Vladimir Putin. Meanwhile, bond returns are not running as traders are waiting for the Federal Reserve Policy on Wednesday, a decisive event that will form market morale to move forward.
Digest Market Mark: Geopolitical Tensions and Economic Certainty before the Federal Reserve meeting
- President Trump confirmed that he will participate in talks with Putin on Tuesday, with confirmation that the discussions will revolve around land agreements and the allocation of resources in Ukraine. The American leader suggested that the decision be possible, despite the uncertainty of uncertainty.
- American retail sales numbers for February were weaker than predicting, which exacerbated the concerns of spending on consumer.
- Monthly retail sales increased by only 0.2 %, lower than an expected 0.7 % increase, after a declining review of January to -1.2 % of -0.9 %.
- The annual sales growth slowed to 3.1 %, a decrease from 3.9 % revised (previously 4.2 %), indicating cooling in the demand for consumer.
- The CME Fedwatch tool indicates an overwhelming consensus that the Federal Reserve will maintain the current interest rate levels at Wednesday’s meeting. However, expectations may be to reduce a possible rate at the top, reaching 27.5 %.
- The US Treasury revenue shows mixed performance before the Federal Reserve’s decision, as merchants make a balance between slowing economic indicators and inflationary risks.
Technical expectations: stability on the horizon?
The US dollar index (DXY) is struggling to maintain a land less than 104.00, but with momentum indicators such as the RSI and average MacD transformer (MACD), can be achieved bombing the temporary relief. The main resistance is 104.50, while immediate support is located near 103.50. Despite some stability marks, the broader feelings remain fragile amid geopolitical and economic uncertainty.
