Meetings of the Central Banks Are in the Focus of Attention

The US dollar is moving in different directions against the basket of major currencies. Yesterday, the pending home sales index was published, which counted to 0.9% and was above the forecasted value of 0.4%. However, despite this, the US dollar index (#DX) closed in the negative zone (0.34%) yesterday. In general, demand for the US currency is still high. Investors took a waitandsee attitude before the Fed interest rate decision, which will be taken tomorrow, August 1. It is expected that the regulator will leave the interest rate unchanged at 2.00%.

Today during the Asian trading session the Bank of Japan meeting has taken place, at which it has been decided to leave the key interest rate unchanged at the level of0.10%. Financial market participants expect important economic statistics from the Eurozone, the US and Canada. On Thursday, August 2, the Bank of England meeting will be held.

The “black gold” prices are rising. At the moment, futures for the WTI crude oil are testing a mark of $69.70 per barrel. At 23:30 (GMT+3:00), a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, the bearish sentiment was observed in the US stock market: #SPY (0.52%), #DIA (0.55%), #QQQ (1.41%).

At the moment, the 10year US government bonds yield is at the level of 2.932.94%.

German unemployment change at 10:55 (GMT+3:00);Consumer price index in the Eurozone at 12:00 (GMT+3:00);Data on Canada GDP at 15:30 (GMT+3:00);CB consumer confidence index in the US at 17:00 (GMT+3:00).

by JustMarkets, 2018.07.31