Sourced from: https://www.countingpips.com/2019/07/the-us-dollar-is-consolidating-3/
– Data on the UK labour market at 11:30 (GMT+3:00);
The US dollar is now changing against a basket of major currencies. The US dollar index (#DX) closed trading session with a small increase (+ 0.13%) yesterday. Trading activity and volatility in the foreign exchange market declined as investors focused on the book of economic releases, which may signal further adjustments in interest rates of global Central stocks. Monetary market participants will evaluate statistics from the United States, Germany and the UK Now.
Even the “black gold” prices are steady. At the moment, futures for the WTI crude petroleum are analyzing $59.85 per barrel. At 23:30 (GMT+3:00) API weekly crude oil stock is going to be published.
The US government bonds yield fell slightly. Right now, the indicator is in the amount of 2.08-2.09 percent.
The News Impact on 2019.07.16:
Throughout the trading session, the New Zealand consumer price index was released, that has met market expectations and counted to 0.6% (q/q). The British pound is still because of the uncertainty regarding Brexit. The key contenders for the post of leader of the Conservative Party, Boris Johnson and Jeremy Hunt, asserted that they were ready into the no-deal Brexit.
We also advocate paying attention by the Governor of the Bank of FOMC and also England representatives.
Sourced from: https://www.countingpips.com/2019/07/the-us-dollar-is-under-pressure-after-fed-chairman-powells-comments/
The News Impact on 2019.07.11:
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%).