The Currency Majors Showed Mixed Results

Yesterday, the major currency pairs showed mixed results. The dollar index (#DX) closed the trading session with a slight increase (+0.15%). The US currency was supported by the growth of the US government bonds yield. At the moment, the US dollar has moved away from local extremes.

USD/JPY updated a 3month high, as financial market participants expect the central bank of Japan to adhere to a stimulating monetary policy. The Canadian dollar continued to lose ground against the US dollar. In August, the volume of wholesale sales in Canada increased by 0.5%, which is less than the forecasted value of 0.6%. The single currency remains under pressure amid political uncertainty in Spain. We recommend you to keep track of uptodate information on potential candidates for the Fed’s Chairman.

At the moment, the “black gold” prices are consolidating. Futures for the WTI crude oil are being traded near $52 per barrel. Investors expect a preliminary report on the weekly crude oil inventories in the US from the American Petroleum Institute.

Market Indicators

Yesterday, the major US stock indexes moved away from historical highs: #SPY (0.39%), #DIA (0.21%), #QQQ (0.65%).

The 10year US government bonds yield continues to show positive dynamics. At the moment, the indicator is at the level of 2.382.39%.

A number of indices of business activity in Germany and the Eurozone at 10:30 (GMT+3:00) and 11:00 (GMT+3:00), respectively;Statistics on business activity in the US at 16:45 (GMT+3:00).

by JustMarkets, 2017.10.24