US Dollar Index (DXY)

The US dollar saw some slight gains at the beginning of the week, supported by expectations of easing tensions in the global trade war, as well as declining concerns about the independence of the Federal Reserve.

This came after the statements of former US President Donald Trump last week, in which he noted progress in trade negotiations with Japan, and the possibility of significantly reducing tariffs on China.

Trump also denied any intention to dismiss Fed Chairman Jerome Powell, which contributed to strengthening market confidence.

It is worth noting that the weekend did not witness any exciting statements from Trump or his administration officials, which reinforced the beginning of the week with a wave of optimism that supported the US dollar, pending the release of a set of important economic data that may determine its trends during the coming period.

The most prominent indicators expected this week include:

- The US jobs report for April (on Friday), which is expected to show a slowdown in the pace of growth compared to the previous month.

- GDP data for the first quarter in the United States ( on Wednesday).

- The core Personal Consumption Expenditures index, which is the Fed's preferred measure of inflation ( on Wednesday).

- We will also have preliminary GDP and inflation figures in the eurozone(on Friday), which may affect the moves significantly.

Investors are watching these data with interest, given their potential impact on central bank policies and market trends