On Friday, the US dollar fell slightly against a basket of major currencies, as demand for risky assets increased. Investors continue to monitor the negotiations between the US and China closely. So far, negotiations are succeeding. President Donald Trump said on Sunday that he would postpone tariff increases for Chinese goods in the US. This week, the leaders of the two countries will hold a summit at which a deal can be signed. On Friday, the dollar index (#DX) closed the trading session with a slight decrease (-0.10%).
Investors are also focused on Brexit. It became known that if the parliamentarians did not approve the agreement on the British exit from the EU before March 12, the Brexit process could be postponed.
On Friday, important economic reports from the Eurozone were published. The German IFO business climate index fell to 98.5 and was worse than the expected 99.0. The Eurozone consumer price index counted to 1.4% (y/y) in January, as experts forecasted. Statistics Canada published weak retail sales data for December: the core retail sales index fell by 0.5%; the volume of retail sales in the country decreased by 0.1%.
Market Indicators
On Friday, the bullish sentiment was observed in the US stock market: #SPY (+0.62%), #DIA (+0.63%), #QQQ (+0.74%).
The 10-year US government bonds yield is at 2.65-2.66%.
Today, the publication of important economic news is not expected. We recommend paying attention to the speech by the Bank of England Governor Carney.
by , 2019.02.25
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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