Yesterday, the US financial markets were closed due to the holiday. Trading on currency majors was calm. The US dollar index (#DX) kept the current levels and closed the session unchanged (0.00%). It became known that a coalition of 16 US states sued over President Donald Trump due to his decision to declare a national emergency in order to receive funds for the construction of a wall along the border between the US and Mexico. The White House has not commented on the lawsuit. Investors expect the further course of events.
The Australian dollar is under pressure after the publication of the RBA monetary policy minutes. The regulator is concerned about “substantial uncertainty” in the economy. The Central Bank is ready to treat an issue of interest rates decline if the risks to economic stability will continue to grow.
Financial market participants expect new information regarding trade negotiations between the US and China, as well as the Brexit process. Today, investors will assess economic data from the UK and the Eurozone. The European Securities and Market Authority (ESMA) has announced its intention to provide temporary licenses for financial institutions in the UK in case of “tough” Brexit. This will allow the EU customers to trade on the London Stock Exchange, which reduces the risk of financial instability.
The “black gold” prices became stable after a significant increase last week. At the moment, futures for the WTI crude oil are testing $56.60 per barrel.
Market Indicators
- Yesterday, the US stock market was closed due to the holiday.
- The 10-year US government bonds yield is at 2.66-2.67%.
The news feed on 19.02.2019:
- Reports on the UK labor market at 11:30 (GMT+2:00);
- German ZEW economic sentiment at 12:00 (GMT+2:00).
