Investors Assess the ECB Meeting Results

The US dollar is changing slightly against a basket of major currencies. The US dollar index (#DX) closed with a slight increase (+0.07%). Yesterday, optimistic economic data from the US were published. Thus, core durable goods orders rose by 1.2% in June instead of the forecasted growth by 0.2%. Initial jobless claims decreased to 206K instead of 220K.

At the same time, the euro strengthened against the US currency after the ECB decided on the interest rate. Thus, the regulator left the key marks of monetary policy unchanged. In addition, the ECB has changed its forecast for the further course of rate. It is expected that key rates will remain at the same level or will be lower at least until the end of the first half of 2020, or until inflation in the Eurozone returns to the 2% level.

The "black gold" prices continue to rise. At the moment, futures for the WTI crude oil are testing the mark of $56.30 per barrel.

Market Indicators

Yesterday, aggressive sales were observed in the US stock markets: #SPY (-0.48%), #DIA (-0.45%), #QQQ (-0.95%).

The 10-year US government bonds yield has been growing. Currently, the indicator is at the level of 2.07-2.08%.

The news feed for 2019.07.26:

- GDP data in the US at 15:30 (GMT+3:00).

by JustMarkets, 2019.07.26

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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