The US Dollar Is Stable. We Expect Important Statistics This Week

On Friday, the US dollar rose against the increase in the 10year US government bonds yield. A strong report on retail sales and the positive Fed’s Beige Book also supported the US currency. Concerns of investors about the geopolitical conflict subsided. The US President Donald Trump did not increase tensions and eased sanctions. The US dollar index (#DX) closed in the positive zone (+0.43%) on Friday.

This week, reports on economic growth in the US and the UK will be in the focus of attention. Meetings of the ECB and the Bank of Japan will also take place, where decisions on the monetary policy of the countries will be taken. Investors will closely follow the comments of representatives of the Central Banks.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $68.25 per barrel.

Market Indicators

On Friday, the bearish sentiment was observed in the US stock market: #SPY (0.85%), #DIA (0.85%), #QQQ (1.58%).

At the moment, the 10year government bonds yield is at the level of 2.962.97%.

The index of business activity in the manufacturing sector in Germany at 10:30 (GMT+3:00);A number of indices of business activity in the Eurozone at 11:00 (GMT+3:00);Existing home sales in the US at 17:00 (GMT+3:00).

We also recommend paying attention to the speech of the Bank of Canada governor Poloz.

by JustMarkets, 2018.04.23