by JustForex
The US currency is consolidating against a basket of currency majors. The US dollar index closed in the green zone (+0.19%) yesterday. Investors have taken a wait-and-see attitude before the Fed meeting to be held today. Experts are confident that the regulator will keep its “dovish” attitude. They also expect that the Fed’s new softer approach to monetary policy will affect certain measures to support the US economy.
Yesterday, optimistic data on the UK economy were published. Thus, the average earnings index + Bonus decreased by 1.0% in July, while experts expected a decline by 1.3%. The number of unemployment benefits increased by 73.7K in August instead of 100.0K. The Bank of England meeting will be held tomorrow, during which interest rate decision will be made. According to forecasts, the indicator will remain unchanged at 0.10% per annum.
The Japanese yen is growing. Today, the House of Representatives voted to elect Yoshihide Suga as the country’s Prime Minister. It should be recalled that Japanese Prime Minister Shinzo Abe resigned at the end of August for reasons of ill health.
The “black gold” prices have been growing. At the moment, futures for the WTI crude oil are testing the $39.15 mark per barrel. At 17:30 (GMT+3:00), US crude oil inventories will be published.
Market indicators
Yesterday, there was the bullish sentiment in the US stock market: #SPY (+0.51%), #DIA (+0.02%), #QQQ (+1.42%).
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
The 10-year US government bonds yield is consolidating. The indicator has reached 0.67-0.68%.
- – UK consumer price index at 09:00 (GMT+3:00);
- – US retail sales data at 15:30 (GMT+3:00);
- – Fed interest rate decision at 21:00 (GMT+3:00).
by JustForex
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.
- Stock indices sell-off amid rising geopolitical tensions in the Middle East. China’s GDP grew the most in a year Apr 16, 2024
- New FXTM commodity hits all-time high! Apr 16, 2024
- NZD hits five-month low against strong US dollar Apr 16, 2024
- Escalating conflict in the Middle East is forcing investors to shift funds to safe assets Apr 15, 2024
- US dollar exhibits remarkable strength amid global tensions Apr 15, 2024
- COT Metals Charts: Speculator bets led higher by Copper & Platinum Apr 13, 2024
- COT Bonds Charts: Speculator Bets led by 10-Year & 5-Year Bonds Apr 13, 2024
- COT Soft Commodities Charts: Speculator Bets led by Soybean Meal & Lean Hogs Apr 13, 2024
- COT Stock Market Charts: Weekly Speculator Bets led by VIX & S&P500-Mini Apr 13, 2024
- Singapore’s central bank (MAS) maintained its monetary policy settings. The ECB hinted at a rate cut soon Apr 12, 2024