Currency Majors Showed Mixed Results

Yesterday’s trading was very active on the major currency pairs. At the same time, a unidirectional trend was not observed. The dollar index (#DX) closed the trading session with a slight increase. Over the past week, the number of jobless claims in the US declined by 9,000 to 221,000. Some Fed officials expect that this year the inflation and the US GDP growth will accelerate. The US government bonds yield continues to show positive dynamics. The figure has approached the highs of 2013. Investors are concerned about the high volatility in the US stock market.

The Bank of England, as expected, kept the key interest rate unchanged at 0.50%. The regulator raised the forecast of the UK economy growth in 20182019. In the near future, the Central Bank may consider raising the key interest rate. The Governor of the Central Bank, Mark Carney, is concerned about the high level of inflation in the country.

The “black gold” prices continue to decline. At the moment, futures for the WTI crude oil are testing a mark of $60.5 per barrel. We recommend you to pay attention to the data on the US Baker Hughes Oil Rig Count at 20:00 (GMT+2:00).

Market Indicators

Yesterday, there were aggressive sales in the US stock market: #SPY (3.75%), #DIA (4.06%), #QQQ (4.22%).

At the moment, the 10year US government bonds yield is at the level of 2.852.86%.

Manufacturing production in the UK at 11:30 (GMT+2:00);Report on the labor market in Canada at 15:30 (GMT+2:00).

by JustMarkets, 2018.02.09