Yesterday the USD kept losing positions against the basket of other currencies. The US index (#DX) updated the local minimums and ended the trade in the red (-0.49%). The financial market participants keep evaluating the Brexit situation. The Cabinet of the UK approved a preliminary agreement between London and Brussels. However, now the Premier Minister of Great Britain needs an approval of Parliament, who heavily criticised this version of the agreement.
Jerome Powell, the head of the Federal Reserve, is certain in the US economic growth and mentioned that the Central Bank plans to gradually raise the key interest rates. At the same time, he is concerned about the growing risks in the world economy. October had seen the creation of 32.8K jobs, which is much higher than the expected 19.9K. The unemployment level remains at 5.0%. The investors are expecting important economic reports from the US and Great Britain.
The prices on oil are stabilizing after a rapid descent. The WTI futures are testing the mark of 56.20 USD/barrel. We recommend you keep an eye on the crude oil reserves report from the US at 18:00 (GMT +2:00).
Market Indicators
Yesterday the major US stock indices closed in the negative zone: #SPY (-0,68%), #DIA (-0,85%), #QQQ (-0,76%).
The 10-year US government bonds yield is 3,12-3,13%.
- - Core Retail Sales (UK) – 11:30 (GMT+2:00);
- - Philadelphia Fed Manufacturing Index – 15:30 (GMT+2:00);
- - Retail Sales report (US) – 15:30 (GMT+2:00).
We recommend you keep an eye on the statements by the FOMC representatives.
by , 2018.11.15
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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