The US Dollar Index Is in the Positive Zone

The US currency strengthened against a basket of major currencies after Fed Vice Chairman, Richard Clarida, said that he supported a procedure for a gradual interest rate rise. At the same time, the official is concerned about inflation expectations. The US dollar index (#DX) closed in the positive zone (+0.31%). Today, important economic statistics from the United States, as well as the speech by the Fed Chairman, Powell, are in the focus of attention.

The British pound is under pressure after the new Brexit deal has been criticized. The US President, Donald Trump, said that the agreement reached was beneficial only to the European Union, while the UK could face difficulties. Trump also noted that this agreement could prevent the UK from developing trade with the United States. Former British Secretary of State for Defence, Michael Fallon, also spoke negatively about the agreement.

The “black gold” prices have started to recover. At the moment, futures for the WTI crude oil are testing the mark of $52.20 per barrel. At 17:30 (GMT+2:00), a report on weekly crude oil inventories will be published in the US.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.34%), #DIA (+0.45%), #QQQ (+0.34%).

The 10year US government bonds yield has become stable. Currently, the indicator is at the level of 3.053.06%.

Preliminary data on the US GDP at 15:30 (GMT+2:00);Report on new home sales in the US at 17:00 (GMT+2:00).

We also recommend paying attention to the speech by Fed Chairman Powell.

by JustMarkets, 2018.11.28