Currency Majors Are Consolidating

Last week, the US dollar strengthened against the major currencies. A number of important statistical data from the USA, Great Britain and Canada was published. At the moment, the currency majors are consolidating. Financial markets participants expect additional drivers. The publication of the report on the US labor market will be the key event this week.

Today, trading activity may be reduced due to the celebration of Easter. Investors expect data on business activity in the manufacturing sector in the US from ISM. We also recommend you to monitor current information regarding trade relations between the US and China. The Ministry of Finance of the People’s Republic of China announced the introduction of duties on 128 US exports.

The bullish sentiment prevailed in the market of “black gold”. Over the past month, futures for the WTI crude oil rose by more than 6%. At the moment, quotes are testing the mark of $ 65.25 per barrel.

Market Indicators

On Friday, the major US stock indices closed in the positive zone: #SPY (+1.28%), #DIA (+1.31%), #QQQ (+1.83%).

At the moment, the 10year US government bonds yield is at the level of 2.762.77%.

At 17:00 (GMT+3:00) the index of business activity in the manufacturing sector in the US from ISM will be published.

by JustMarkets, 2018.03.30