The US Dollar Has Slightly Strengthened

Yesterday, trades on the main currency pairs were rather calm. The dollar index (#DX) closed the trading session with a slight increase (+0.22%). Support for the US currency was provided by positive data on the NY Empire State index of manufacturing activity. In October, the indicator increased by 23.8% to 30.20. Market expectations were at the level of 20.70. We recommend following uptodate information on the situation on the Korean Peninsula and the tax reform in the United States.

Today in the Asian trading session, New Zealand has published an optimistic report on inflation. In the third quarter, the consumer price index increased by 1.9% (year on year), which is higher than the forecasted value of 1.8%. The minutes of the meeting on the monetary policy of the RBA indicated that in the near future the regulator will not raise interest rates. Representatives of the Central Bank are concerned about the high level of the household debt.

At the moment, the “black gold” prices are consolidating. Futures for the WTI crude oil are being traded in the range of $51.70$51.90 per barrel.

Market Indicators

Yesterday, the major US stock indexes again updated historical highs. Support was provided by the financial sector. #SPY (SPDR S&P 500 ETF) closed at $255.29 (+0.13%).

The 10year US government bonds yield shows positive dynamics. At the moment, the indicator is at the level of 2.31%.

The UK consumer price index at 11:30 (GMT+3:00);A number of indices of economic sentiments from ZEW in Germany and in the Eurozone at 12:00 (GMT+3:00);A report on inflation in the Eurozone at 13:00 (GMT+3:00);The export price and import price indices in the USA at 15:30 (GMT+3:00);The volume of US industrial production at 16:15 (GMT+3:00).

by JustMarkets, 2017.10.17