Demand for the US currency fell. We are waiting for statistics from the USA

The dollar continues to decline due to a fall in the 10year US government bonds yield. Additional pressure on the US currency is put by mixed economic reports. Demand for the dollar fell significantly. On the eve of the New Year holidays, trading activity may again decline.

Today during the Asian session, positive reports on the labor market of Japan were published. The volume of industrial production in Japan increased by 0.6%, that is higher than the forecasted value of 0.5%. The yen is also supported by the growth in retail sales.

The “black gold” prices show a positive dynamics against the background of inactive preNew Year trading. Futures for the WTI crude oil rose during Asian trading. Now the quotes are being traded in the range of $59.78$59.0 per barrel.

On Thursday, the dollar weakened against the background of the decline in the 10year US government bonds yield, while commodity currencies were supported by the rally of metal and oil prices. Investors expect data on crude oil inventories in the US from the American Petroleum Institute.

Market Indicators

Yesterday, the major US stock indices showed the positive dynamics: #SPY (+0.05%), #DIA (+0.09%) and #QQQ (+0.01%).

At the moment, the 10year US government bonds yield is at the level of 2.42%.

The ECB report in the Eurozone at 11:00 (GMT+2:00);The balance of foreign trade in goods in the US at 15:30 (GMT+2:00);The number of initial jobless claims in the US at 15:30 (GMT+2:00);Crude oil inventories in the US at 18:00 (GMT+2:00).

by JustMarkets, 2017.12.28