The Euro and the Pound Strengthened Against the Dollar. The Oil Quotes Are Unchanged

The US dollar index (#DX) increased by 0.01% to 91.57. Donald Trump`s petulancy on Twitter in the direction of Kim Jong-un contributed to a small dollar rollback by the end of yesterday's trading. According to the US president, he also has a "nuclear button". The euro and the pound continue to strengthen against the US currency. According to the published data on January 2, the growth rate of business activity in the manufacturing sector of the Eurozone rose sharply in the end of 2017. This report pointed to the high economic growth of the Eurozone economy at the beginning of the new year.

Today, during the Asian trading session, the Australian dollar has fallen. The financial markets participants are waiting for the publication of the minutes of the Fed's meeting in December, which should set the mood of the further trading. Today, it is also worth paying attention to the statistics from the Eurozone and the UK.

Oil is kept practically unchanged due to growing geopolitical tension in Iran and Donald Trump's statement on Twitter. Futures for the WTI crude oil are being traded in the range of $60-$60.30 per barrel. At 23:30 (GMT+2:00), a report on weekly inventories of crude oil from the API will be released.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: #SPY (+0.72%), #DIA (+0.26%) and #QQQ (+1.75%).

The 10-year US government bonds yield shows a positive dynamics. At the moment, the indicator is at the level of 2.46-2.47%.

The news feed on 2018.01.03:

- Statistics on the unemployment rate in Germany at 10:55 (GMT+2:00);
- The index of business activity in the construction sector in the UK at 11:30 (GMT+2:00);
- The index of business activity in the manufacturing sector of the US from ISM at 17:00 (GMT+2:00);
- Publication of the FOMC protocols at 21:00 (GMT+2:00);
- Weekly inventories of crude oil from the API at 23:30 (GMT+2:00).

by JustMarkets, 2018.01.03

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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