The US Currency Recovered Some of the Losses

The US dollar has begun to strengthen against the major currencies against the increase of the US government bonds yield. Investors took a waitandsee attitude before the Fed meeting, which will be held on Wednesday, January 31. Financial markets participants expect that the Fed will not raise the interest rate. Also, the attention will be focused on the regulator’s estimation of the economy and the inflation.

The British pound fell against the US dollar due to fears about the consequences of Brexit. The Brexit bill submitted by Prime Minister Theresa May came under criticism. As the parliamentary committee reported, the bill contains significant fundamental miscalculations.

The “black gold” prices are decreasing against the strengthening of the US currency, as well as the growth of raw materials extraction in the United States. Futures for the WTI crude oil are testing a mark of $64.9 per barrel.

Market Indicators

Yesterday, sales were prevailed in the US stock market: #SPY (0.66%), #DIA (0.66%), #QQQ (0.49%).

The 10year US government bonds yield continues to show positive dynamics. At the moment, the indicator is at the level of 2.702.72%.

The GDP statistics in Eurozone at 12:00 (GMT+2:00);Consumer confidence index in the US at 17:00 (GMT+2:00).

We recommend paying attention to the speech of the Governor of the Bank of England Carney.

by JustMarkets, 2018.01.30