The US Dollar Is Stable

On Friday, the US currency strengthened against the basket of major currencies amid positive economic statistics from the United States. In May, the number of people employed in the nonfarm sector increased to 223 thousand instead of the forecasted 189 thousand. The unemployment rate fell to 3.8%, while experts expected 3.9%. The index of economic activity in the manufacturing sector increased to 58.7 instead of 58.2. As a result, investors have assumed that the Fed may raise the interest rate 4 times this year. The US dollar index (#DX) closed on Friday in the positive zone (+0.22%).

The British pound strengthened against the euro and the US dollar on Friday after the publication of the index of economic activity in the manufacturing sector, which was 54.4 instead of the forecasted value of 53.5. Today, investors took a waitandsee position before the publication of the index of economic activity in the construction sector in the UK.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing the mark of $65.80 per barrel.

Market Indicators

On Friday, the bullish sentiment was observed in the US stock market: #SPY (+0.98%), #DIA (+0.89%), #QQQ (+1.57%).

At the moment, the yield of US 10year government bonds is at the level of 2.902.91%.

The index of economic activity in the construction sector in the UK at 11:30 (GMT+3:00).

by JustMarkets, 2018.06.04