The US Dollar Index Has Updated Local Lows

The US dollar fell against the basket of major currencies but strengthened relative to the Japanese yen. The US dollar index (#DX) updated monthly lows and closed in the negative zone (0.67%). Yesterday, the ambiguous economic statistics were published in the US. Philadelphia Fed manufacturing index counted to 22.9 in September and was above the forecasted value of 17.0. However, existing home sales declined to 5.34M in August instead of 5.35M.

The trade conflict between the United States and China has receded into the background. The demand for risky assets has grown significantly. At the moment, investors’ attention is focused on the summit of the European Union leaders, which takes place in Austria. The main subject of discussion is the conclusion of a deal between the UK and the EU after Brexit.

The “black gold” prices have become stable. At the moment, futures for the WTI crude oil are testing a mark of $70.50 per barrel.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.81%), #DIA (+0.99%), #QQQ (+1.11%).

At the moment, the 10year US government bonds yield is at the level of 3.083.09%.

The index of economic activity in the German manufacturing sector at 10:30 (GMT+3:00);Core retail sales in Canada at 15:30 (GMT+3:00).

by JustMarkets, 2018.09.21