The USD Index Is Testing the Monthly Maximums

This Friday the USD slightly weakened against the basket of the other currencies. The USD index closed in the negative zone (0,33%). Particularly, the demand for the American currency holds. According to preliminary data, the US economic growth in the third quarter reached 3.5% instead of the predicted 3.3%.

The EUR is still under pressure since Mario Draghi expressed the possibility of extending the asset purchase program against the backdrop of political instability and a slowdown in the growth of the European economy. The ECB President noted that further stimulation of the economy is necessary. This week the investors are waiting for a Eurozone inflation report, which will be published this Wednesday.

Prices on oil are showing a downward trend. At the moment the WTI futures are testing 67.20 USD/barrel price.

Market Indicators

On Friday the major US stock indices significantly lowered: #SPY (1,76%), #DIA (1,30%), #QQQ (2,57%).

The 10year US government bonds yield keeps lowering. At the moment, it is on the 3,063,07%.

Chancellor’s autumn forecast statement (UK)14:30 (GMT+2:00);

Consumer Spending Trends (USA)14:30 (GMT+2:00).

by JustMarkets, 2018.10.29