Uncertainty Remains in the Market

Last week, there was a collapse in the stock markets. By the end of the trading week, the situation began to improve, and the US dollar rate also showed a positive trend. On Friday, the US dollar index (#DX) closed in the positive zone (+0.23%). Today, during the Asian trading session, the US currency began to fall relative to the other world currencies. This week, investors will focus on the inflation data and the volume of retail sales from the US.

Last week was unsuccessful for the British pound because of difficult negotiations on the UK exit from the EU. The EU’s Brexit negotiator, Michel Barnier, said that there could be no “transition period”. This week in the UK data on inflation and retail sales will be published. If it turns out to be weak, the pound will hardly keep the current levels.

The “black gold” prices began to recover after a significant decline last week. At the moment, futures for the WTI crude oil are testing a mark of $60 per barrel.

Market Indicators

On Friday, there were aggressive purchases in the US stock market: #SPY (+1.50%), #DIA (+1.41%), #QQQ (+1.73%).

At the moment, the 10year US government bonds yield is at the level of 2.86%.

Today, the news feed will be fairly calm. We recommend you to pay attention to the monthly OPEC report.

The financial markets of Japan will be closed due to the holiday.

by JustMarkets, 2018.02.12