The “black gold” prices are increasing. Right now, futures for the WTI crude petroleum are testing the mark of $60.75 per barrel.
The US dollar fell against a basket of major currencies by Fed Chairman, Jerome Powell. The official stated that concerns about trade policy and also the economy’s weakness continued to put pressure and the Fed was willing to do whatever required to encourage development. Powell believes that the rate of economic growth is now moderate, but inflation may persist for somewhat longer than it was assumed. The US dollar index (#DX) closed at the negative zone (-0.40%) yesterday.
Among other matters. Yesterday, ambiguous financial figures were published in the united kingdom. GDP (m/m) improved by 0.3 percent, as specialists expected. Manufacturing production grew by only 1.4% in May rather than 2.2%. also, an integral interest rate was determined on by the Bank of Canada. As anticipated, the ruler left the index at 1.75%.
– Data on inflation in america at 15:30 (GMT+3:00).
We advise paying attention to the addresses.
Even the 10-year US government bonds yield has become stable. Presently, the index is in the amount of 2.04-2.05 percent.
Investors obtained the statements by the head of the US Central Bank as a sign that the Fed was prepared for a rate of interest reduction. According to the CME FedWatch Tool, more than 50 percent of financial market participants feel that the regulator could lower the range of crucial interest rate to 1.75percent -2.00% in a meeting in September.
Yesterday, the bullish sentiment was observed in america stock markets: #SPY (+0.48%), #DIA (+0.31%), #QQQ (+1.00%).