Investors Took a Wait-and-See Attitude Before the Publication of NFP

The US dollar has strengthened slightly relative to the basket of major currencies against the decrease of concerns about trade war between the US and China. Yesterday, the economic advisor of the White House, Larry Kudlow, said that there was no trade war between the countries, they were simply negotiating. The US dollar index (#DX) closed in the positive zone (+0.38%).

Yesterday, a weak report on the number of initial jobless claims in the US was also published, according to which the figure increased to 242 thousand, while investors expected 225 thousand. The British pound weakened against the US currency after the publication of the business activity index in the services sector, which counted to 51.7 against the forecasted value of 53.9. Today, investors expect important economic reports from the United States, as well as the speech by Jerome Powell.

At the moment, the “black gold” prices are consolidating. Futures for the WTI crude oil are testing a mark of $63.10 per barrel.

Market Indicators

Yesterday, the bullish sentiment prevailed in the US stock market: #SPY (+0.79%), #DIA (+1.01%), #QQQ (+0.57%).

At the moment, the 10year US government bonds yield is at the level of 2.812.82%.

report on the labor market in the US at 15:30 (GMT+3:00);employment change in Canada at 15:30 (GMT+3:00);Ivey PMI in Canada at 17:00 (GMT+3:00).

Also, we recommend you to pay attention to the speeches by the governor of the Bank of England, Carney, and the chairman of the Federal Reserve, Powell.

by JustMarkets, 2018.04.06