The US Dollar Index Went Down

The US dollar weakened yesterday against the basket of major currencies after the release of a report on new home sales in the US. In June, sales fell to 631K, while experts expected 669K. The US dollar index (#DX) closed in the negative zone (0.43%). Also yesterday, negotiations between President of the European Commission Junker and US President Trump were held, at which officials had to discuss trade duties. Investors expect the results of negotiations.

Yesterday, the IFO business climate index of Germany was also published, which counted to 101.7 and was above the forecasted value of 101.6. Today, participants in financial markets took a waitandsee attitude before the ECB decision on the interest rate. It is expected that the interest rate will remain unchanged.

The “black gold” prices are rising amid a reduction in crude oil inventories. At the moment, futures for WTI crude oil are testing a mark of $69.45 per barrel.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.85%), #DIA (+0.72%), #QQQ (+1.40%).

At the moment, the yield of 10year US government bonds is at the level of 2.952.96%.

A decision on the interest rate by ECB at 14:45 (GMT+3:00);

Core durable goods orders in the US at 15:30 (GMT+3:00).

by JustMarkets, 2018.07.26