by JustForex
During yesterday’s trading session, the greenback showed a variety of trends against the basket of world currencies. The dollar index (#DX) kept the current levels (+0.08%). Investors are focused on the ECB meeting. As expected, the regulator kept the key marks of the monetary policy at the same level: the base interest rate at 0.00%, the deposit rate at -0.5%, the margin rate at +0.25%. The Central Bank has raised its GDP forecasts for 2020-2022, as well as improved its inflation forecast for 2021. ECB President Christine Lagarde says the Eurozone economy is experiencing a “strong rebound” after the collapse in the second quarter.
The British pound is still under pressure amid uncertainty concerning Brexit. GBP/USD quotes fell by more than 1.5% and reached $1.28. EU chief negotiator Michel Barnier said that significant differences remained between London and Brussels in areas important to the EU. We recommend following up-to-date information on this issue. Financial market participants will assess the US inflation report today.
The “black gold” prices have become stable. At the moment, futures for the WTI crude oil are testing $37.40 per barrel. At 20:00 (GMT+3:00), data on US Baker Hughes oil rig count will be published.
Market indicators
Yesterday, there was the bearish sentiment in the US stock market: #SPY (-1.74%), #DIA (-1.45%), #QQQ (-1.99%).
The 10-year US government bonds yield continues to consolidate. At the moment, the indicator is at the level of 0.68-0.69%.
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
- – UK GDP data at 09:00 (GMT+3:00);
- – UK manufacturing production at 09:00 (GMT+3:00);
- – Report on inflation in the US at 15:30 (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.
- TSLA shares rose on a weak report. Inflationary pressures are easing in Australia Apr 24, 2024
- USDJPY: On intervention watch Apr 24, 2024
- Euro gains against the dollar amid mixed economic signals Apr 24, 2024
- PMI data is the focus of investors’ attention today. Turkey, Iraq, Qatar, and UAE signed a transportation agreement Apr 23, 2024
- Australian dollar rises on strong economic indicators Apr 23, 2024
- Geopolitical risks in the Middle East are declining. China kept interest rates at lows Apr 22, 2024
- Brent crude dips to four-week low amid easing geopolitical tensions Apr 22, 2024
- COT Metals Charts: Speculator bets led by Copper & Silver Apr 20, 2024
- COT Bonds Charts: Speculator bets led by 10-Year Bonds & Fed Funds Apr 20, 2024
- COT Stock Market Charts: Speculator bets led by S&P500-Mini Apr 20, 2024