The USD Started to Descend

USD is weakened against the major currencies after the ambiguous economic reports. The Consumer Price Index in November did not grow while the experts expected 0.1%. The basic Consumer Price Index remained at 0.2%. The pressure on the USD is put by the Federal Reserve deciding to increase the key interest rate next year. The investors are waiting for the final decision from Federal Reserve which should be released next week. The USD index (#DX) closed in the red (0.35%).

GBP is rising due to the voting on confidence in Theresa May. May was supported by 200 out of 317 conservatives and overcame the Votum of No Confidence. She also claimed that will leave the post of the Prime Minister in 2022 and will spend the remaining time trying to convince the Parliament to accept the terms of the Brexit agreement.

The prices on oil are consolidating. At the moment the WTI futures are testing the 51.25 USD/barrel mark.

Market Indicators

The prices on oil indicate the bullish mood: #SPY (+0,50%), #DIA (+0,68%), #QQQ (+0,88%).

The 10year yield of the US Treasury bonds keeps recovering. At the moment it is at 2.902.91%.

• Bank of Switzerland’s vote on the key interest rate10:30 (GMT+2:00);
• ECB vote on the key interest rate14:45 (GMT+2:00).

by JustMarkets, 2018.12.13