Yesterday USD kept losing positions against the major currencies. The USD index (#DX) is in the red (-0.27%). The financial market participants keep evaluating the “careful” comments by the Federal Reserve representatives regarding the increase of the key interest rate. An additional pressure on the USD is caused by the drop in the yield of the US Treasury bonds. We recommend you keep an eye on the US/China trade conflict as well as Brexit.
The Reserve Bank of Australia foresees a stable growth of the economy in 2018-2019. They indend to keep the current direction of the monetary policy and keep the interest rates at the all-time-low level. The investors are waiting for a series of reports from the US real estate market.
The quotes on oil are consolidating. The WTI futures are testing the 56.80 USD/barrel mark. Keep an eye on the weekly report on the crude oil reserves in the US by API – 23:30 (GMT+2:00).
Market indicators
Yesterday the US stock market was marked by an aggressive sell-off: #SPY (-1,69%), #DIA (-1,65%), #QQQ (-3,25%).
The 10-year US government bonds yield keeps falling. Right now it is 3,05-3,06%.
At 15:30 (GMT+2:00) the US will publish some important real estate market reports.
You should also keep an eye on the statement by the Head of the Bank of England.
