The US Dollar Index Keeps Current Levels

Yesterday, the US dollar weakened slightly against a basket of major currencies. The US dollar index (#DX) closed in the negative zone (0.09%). The 10year US government bonds yield has become stable. In general, demand for the US currency is still high.

Trade relations between the United States and China have escalated again. Chinese Foreign Minister Wang Yi accused the United States of escalating the trade conflict between the countries, as well as of Washington’s interference in the internal affairs of China. Due to political tension, demand for safe assets has increased.

The British pound strengthened against the US dollar after Dow Jones Newswires reported that an agreement on the Brexit terms could be reached by Monday. Today, we expect important economic statistics from the UK, which may affect the alignment of forces on currency pairs with the pound.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $74.75 per barrel. At 23:30 (GMT+3:00) a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (0.15%), #DIA (0.23%), #QQQ (+0.32%).

At the moment, the 10year US government bonds yield is at the level of 3.213.22%.

Data on the UK GDP at 11:30 (GMT+3:00);The volume of production in the UK manufacturing industry at 11:30 (GMT+3:00);Producer price index in the US at 15:30 (GMT+3:00).

by JustMarkets, 2018.10.10