The Meeting of the Central Banks is in the Focus of Attention

The pound remains under pressure following the results of parliamentary elections in Great Britain. The Conservative Party unexpectedly lost the majority in the House of Commons, which increased uncertainty over the Brexit issues. On Friday, the pound weakened against the US dollar by more than 1.5%.

Last week, the downward trend in the oil market continued. Quotations for futures for WTI crude oil fell by more than 2.5%. Participants of the financial markets believe that the growth in oil products and drilling production in the US could prevent OPEC from reducing the supply surplus in the world market of “black gold”.

In the current trading week, investors’ attention will be focused on meetings of the Central Banks of the United States, Switzerland, Britain, and Japan.

Market Indicators

On Friday, US stock indices showed a variety of trends. Trades ended with a decrease of #SPY (SPDR S&P 500 ETF) by 0.15% to 243.41 USD.

The 10year US government bonds yield continues to grow. At the moment the indicator is at the level of 2.212.22%.

On Friday, the US dollar strengthened against the basket of world currencies. The dollar index (#DX) increased by 0.35%.

Today’s news background is calm

The financial markets of Australia are closed due to the holiday. The publication of important statistics from the US and the Eurozone is not planned.

by JustMarkets, 2017.06.12