During the yesterdays' trading, the USD has strengthened against the basket of major currencies once more. The USD index (#DX) set the new annual maximums and closed in the positive zone (+0.67%). Nonetheless, a technical correction is highly possible, since the investors can start fixing the positions. The financial market participants are waiting for the statement by the Head of the Federal Reserve and the publication of the important economic reports from the US.
A political conflict between the EU and Italy remains in the spotlight. On October 23, the EU refused to approve the Italian budget, and this week the official Rome will present a new one, which should fit better. The pound remains under pressure due to the uncertainty regarding Brexit. We are expecting important reports from Great Britain and Germany.
The oil market is showing an aggressive sell-off. The WTI futures are being traded at 59.25 USD/barrel.
Market Indicators
The US stock indices closed the trading session in the red: #SPY (-1,87%), #DIA (-2,26%), #QQQ (-3,03%).
The 10-year US government bonds yield is 3.18-3.19%.
- - Labour Market Report (GB) – 11:30 (GMT+2:00);
- - ZEW Indicator of Economic Sentiment (GER) – 12:00 (GMT+2:00).
Also keep an eye on the statements by the FOMC representatives.
by , 2018.11.13
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.
Open Account