The US Dollar Recovered Some of the Losses. Demand Remains

Yesterday’s trades were very active. The main currency pairs showed a variety of trends. The dollar index kept the current levels. Economic reports from the US were mixed. In October, the growth in retail sales slowed to 0.2% compared with the previous value of 1.9%. At the same time, the indicator exceeded market expectations at the level of 0.1%. Consumer prices increased by 0.1% to 0.2%. The probability of an increase in the Fed`s key interest rate in December 2017 still exceeds 95%. At the moment, there is the growth in demand for the US currency.

The Australian Bureau of Statistics published mixed data on the labor market. In October, the number of people employed in the country increased by 3,700, which is less than the forecasted value of 17500. At the same time, the unemployment rate fell from 5.5% to 5.4%. Today, the attention of financial market participants is focused on the economic reports from the UK, the Eurozone and the US. We also recommend you to monitor the current information on the tax reform in the US.

The “black gold” prices have stabilized after a significant drop since the beginning of this week. At the moment, futures for the WTI crude oil are being traded near $55.5 per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the negative zone: #SPY (-0.50%), #DIA (-0.56%), #QQQ (-0.47%).

The 10-year US government bonds yield began to recoup. At the moment the indicator is at the level of 2.35-2.36%.