The US Currency Is Supported by the 10-year US Government Bonds Yield Growth

Yesterday, the US dollar strengthened against the basket of major currencies after the publication of the Philadelphia Fed manufacturing index. The value of the index rose to 23.2 compared to the value of 22.3 in the previous month. Meanwhile, experts expected a value of 20.8. The US dollar index (#DX) closed in the positive zone (+0.32%) yesterday.

The British pound weakened against the decline in retail sales in the UK. As it became known, the indicator fell to -1.2%, instead of the forecasted value of -0.5%. In the previous month, the volume of retail sales counted to 0.8%. However, investors keep their hopes up and expect that the Bank of England will raise interest rates at the next meeting, which will be held on May 10.

The "black gold" prices continue to rise. At the moment, futures for the WTI crude oil are testing a mark of $68 per barrel.

Market Indicators

Yesterday, the bearish sentiment was observed in the US stock market: #SPY (-0.55%), #DIA (-0.33%), #QQQ (-0.92%).

Yesterday, the 10-year government bonds yield rose significantly against a strong report of the Federal Reserve Bank of Philadelphia. At the moment, the indicator is at the level of 2.91-2.92%.

The news feed on 2018.04.20:

- Core consumer price index in Canada at 15:30 (GMT+3:00);
- Core retail sales in Canada at 15:30 (GMT+3:00).

by JustMarkets, 2018.04.20

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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