The US dollar is strengthening against the basket of world currencies. The dollar index (#DX) has set new weekly highs. Demand for the US currency is supported amid the “dovish” rhetoric of key Central Banks. Yesterday, President of the European Central Bank, Mario Draghi, said that interest rates rise could be postponed for a longer period. Earlier, the RBNZ announced that in the near future it was ready to consider the issue of introducing additional expansionary actions. Investors are still concerned about the inversion of the US government bonds yield curve.
The situation concerning Brexit is in the spotlight. Yesterday, British lawmakers rejected all eight options for Brexit. We recommend following current information on this issue. Today, financial market participants will assess important economic releases from the US.
The “black gold” prices have been declining due to the growth of crude oil inventories in the US. At the moment, futures for the WTI crude oil are testing the mark of $59.00 per barrel.
Yesterday, there was the bearish sentiment in the US stock market: #SPY (-0.52%), #DIA (-0.14%), #QQQ (-0.64%).
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The 10-year US government bonds yield has been declining and has updated annual highs. Currently, the indicator is at the level of 2.35-2.36%.
– Report on US GDP at 14:30 (GMT+2:00);
– Pending home sales index in the US at 16:00 (GMT+2:00).