Currency Majors Showed Mixed Results

September 11, 2018

by JustForex

Yesterday, trading on the main currency pairs was very active. The dollar index (#DX) closed trading session in the negative zone (-0.22%). The British pound showed the best results. The GBP/USD quotes growth exceeded 120 points. Michel Barnier, the European Union’s chief Brexit negotiator, said that in the near future, the parties can reach a mutually beneficial agreement. Investors continue to assess the risks of the trade conflict between the US and China.

Financial market participants expect the meeting of the Bank of England and the ECB. On Thursday, September 13, regulators will announce their decisions on the key interest rate. Today, investors’ attention will be focused on the ZEW economic sentiment index in Germany and a report on the UK labor market.

At the moment, oil quotes are consolidating after a sharp decline during yesterday’s trading. Futures for the WTI crude oil are testing a mark of $67.75 per barrel. At 23:30 (GMT+3:00) we expect statistics on the API weekly crude oil stock.

Market Indicators

Yesterday, the major US stock indices showed mixed results: #SPY (+0.17%), #DIA (-0.23%), #QQQ (+0.34%).

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At the moment, the 10-year US government bonds yield is at the level of 2.94-2.95%.

The news feed on 11.09.2018:

– Statistics on the labor market in the UK at 11:30 (GMT+3:00);
– ZEW economic sentiment index in Germany at 12:00 (GMT+3:00);
– JOLTS job openings at 17:00 (GMT+3:00).

by JustForex