DXY

Last week, the US economy grew by 1.6%, below expectations of 2%2.5 growth. When the slowdown in the economy was accompanied by rigidity in inflation, the decline in expectations of a soft landing for the Fed created pressure on US stock markets. The US core PCE price index, announced on the last trading day of the week, increased by 0.3% monthly in March, in line with expectations, at the same rate as the previous month. This week, the Fed interest rate decision, Chairman Powell's statements after the decision, and the non-farm payrolls data set are among the headlines to be followed for index movements. Ahead of the highly significant calendar data, the Classic Dollar Index is following a profile that continues its upward trend appearance above the 34 and 100-day averages (current 104.03 - 104.73 region). . Intraday support at 105.350 and 105.050 and resistance at 105.890 and 106.010 are emerging. Support: 105,350-105,050 Resistance: 105,890-106,010