The US dollar strengthened against a basket of major currencies amid optimistic news regarding US-China trade relations. Yesterday, US President Donald Trump announced that Washington and Beijing intended to complete negotiations and conclude a new trade deal in the next four weeks. Chinese President Xi Jinping is also pleased with the progress of the negotiations. The dollar index (#DX) closed in the positive zone (+0.27%).
Positive statistics from the United States supported the US currency. Thus, the number of initial jobless claims fell to 202K, while experts expected 216K. Today, investors have taken a wait-and-see attitude before the publication of the report on the US labor market for March. We recommend paying attention to the difference between the actual and forecasted values.
The situation concerning Brexit is still in the spotlight. Earlier, members of the House of Commons supported the bill, which obliges the government to seek the Brexit delay from the EU. Theresa May intends to persuade the opposition to support the Brexit agreement, which has been rejected three times already. Earlier it was reported that the leader of the opposition Labour Party, Jeremy Corbyn, and the British Prime Minister held constructive negotiations and agreed on a joint work program on the implementation of Brexit.
The “black gold” prices have moved away from annual highs. At the moment, futures for the WTI crude oil are consolidating near $62.00 per barrel.
Market Indicators
Yesterday, there was a variety of trends in the US stock market: #SPY (+0.27%), #DIA (+0.68%), #QQQ (-0.04%).
The 10-year US government bonds yield is at the level of 2.51-2.52%.
The news feed on 05.04.2019:
At 15:30 (GMT+3:00) reports on the labor market will be published in the United States and Canada.
