Trading Activity Decreased due to Good Friday

Yesterday, a number of ambiguous statistics from the United States was published. Thus, the number of initial jobless claims fell to 215 thousand, while investors expected an increase to 230 thousand. Personal spending remained unchanged at the level of 0.2%. The index of business activity in Chicago fell to 57.4 against the forecasted value of 62.1; the consumer sentiment index also fell to 101.4, while experts expected a mark of 101.9. Despite the mixed reports, the US dollar index (#DX) closed in the positive zone (+0.83%).

Yesterday, data on the UK GDP was also published. The indicator remained at the same level of 0.4% (q/q), 1.4% (y/y). The growth of the Canadian economy slowed by 0.1%. However, these data did not affect the rate of the Canadian dollar. Today trading activity on Forex will be reduced since the most of the financial markets will be closed due to Good Friday.

The “black gold” prices have resumed growth. At the moment, futures for the WTI crude oil are testing a mark of $64.90 per barrel.

Market Indicators

Yesterday, there was a bullish sentiment in the US stock market: #SPY (+1.28%), #DIA (+1.31%), #QQQ (+1.83%).

At the moment, the 10year US government bonds yield is at the level of 2.742.75%.

Important news is not expected to be published today. Financial markets are closed due to Good Friday.

by JustMarkets, 2018.03.30