The US Dollar Has Hardened

During yesterday’s trading session, the US currency stabilized against the basket of major currencies. The US dollar index (#DX) closed in the positive zone (+0.20%). Yesterday, a report on existing home sales in the US was released, which showed that in June sales fell to 5.38M, while experts forecasted the value of 5.46M. This statistic restrained the growth of the US currency.

The trade conflict between the US and China is still in the spotlight. Also, the geopolitical situation was escalated again after US President Donald Trump and Iran’s President Hassan Ruhani exchanged threats and counterthreats. Ruhani warned Trump that the aggressive policy of Washington towards Tehran could lead to a full war. In response, in a tweet addressed to the President of Iran, Donald Trump advised him not to threaten the States and to be cautios.

The “black gold” prices are declining. At the moment, futures for the WTI crude oil are testing a mark of $67.75 per barrel. At 23:30 (GMT+3:00), a report on weekly stocks of crude oil according to the American Petroleum Institute will be published.

Market Indicators

Yesterday, there was a variety of trends on the US stock market: #SPY (+0.19%), #DIA (0.07%), #QQQ (+0.32%).

The yield of 10year US government bonds has been growing. At the moment, the indicator is at the level of 2.942.95%.

The index of economic activity in the manufacturing sector of Germany at 10:30 (GMT+3:00).

by JustMarkets, 2018.07.24