The US dollar strengthened significantly against the basket of major currencies. The US dollar index (#DX) updated the weekly high and closed in the positive zone (+0.80%). The US currency is supported by an increase in the Fed interest rate, as well as data on GDP. The index counted to 4.2% in the second quarter, as investors expected. Also, the GDP report indicates that the US economy has been growing at the fastest rate in the past 4 years.
Meanwhile, weak economic data were also published in the US, which still did not prevent the growth of the US currency. So, the core durable goods orders increased by 0.1% in August instead of the expected value of 0.4%. Pending home sales index counted to -1.8% in August, while experts forecasted -0.2%.
The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $72.25 per barrel.
Market Indicators
Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.28%), #DIA (+0.18%), #QQQ (+0.85%).
At the moment, the 10-year US government bonds yield is at the level of 3.04-3.05%.
The news feed on 2018.09.28:
German unemployment change at 10:55 (GMT+3:00);
UK GDP data at 11:30 (GMT+3:00);
Consumer price index in the Eurozone at 12:00 (GMT+3:00);
Canada GDP data at 15:30 (GMT+3:00).
