The News Feed Is Calm. American Currency Is in the Positive Zone

October 9, 2018

by JustForex

Yesterday, the US currency strengthened against a basket of major currencies. The US dollar index (#DX) closed in the positive zone (+0.14%). Demand for the US currency is still high. Meanwhile, the news feed is fairly calm. Financial market participants expect additional drivers.

The euro has been declining due to the resumed concerns about the budget of Italy. Conflict arose between the European Union and Rome regarding the project of budget deficit of Italy for the next three years, which exceeds the specified EU limits. However, Italy noted it intended to adhere to its plans to increase budget spending.

The British pound weakened against the US currency due to uncertainty about Brexit. The EU and the UK can not reach an agreement after the country’s exit from the Union. The European Union intends to offer the UK to inspect goods “anywhere”.

The “black gold” prices show positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $74.85 per barrel.


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Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (0.00%), #DIA (+0.19%), #QQQ (-0.61%).

At the moment, the 10-year US government bonds yield is at the level of 3.24-3.25%.

The news feed on 2018.10.09:

Today, the publication of important economic news is not expected.

by JustForex