The US Dollar Index Has Recovered Losses

December 27, 2018

by JustForex

The US dollar strengthened against a basket of major currencies during yesterday’s trading. American currency was supported by the news that the US government delegation would go to Beijing for talks, which, according to preliminary data, would take place on January 7. It should be recalled that in early December, Chinese President, Xi Jinping, and the US President, Donald Trump, met at the G20 summit and agreed to freeze the introduction of 25% duties on Chinese goods for 90 days. The dollar index (#DX) closed yesterday in the positive zone (+0.60%).

Yesterday, the news feed was rather calm, as the financial markets of most countries were closed due to the Boxing Day. Today we expect important economic statistics from the United States.

The “black gold” prices have been recovering. At the moment, futures for the WTI crude oil are testing the mark of $45.65 per barrel. At 23:30 (GMT+2:00), a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, aggressive purchases were observed on the US stock market: #SPY (+5.05%), #DIA (+4.86%), #QQQ (+6.24%).

Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter

The 10-year US government bonds yield has begun to recover. Currently, the indicator is at the level of 2.76-2.77%.

The news feed on 27.12.2018:

– CB consumer confidence index in the US at 17:00 (GMT+2:00);
– New home sales at 17:00 (GMT+2:00).

by JustForex