Market Overview

The US stock market ended Wednesday’s trading higher amid the strength of the oil and gas, financial, and technology sectors. The Dow Jones Index increased by 1.00%, the S&P 500 added 0.95%, and the NASDAQ Composite jumped by 1.02%. The Dow Jones recovered by more than 300 points after a four-day decline. At yesterday’s Fed meeting, Jerome Powell said that the US central bank planned to start cutting the QE program shortly, but nothing was said about specific dates.
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The US stock market ended Tuesday's trading without a single trend. At the close of the stock exchange, the Dow Jones Industrial Average decreased by 0.15%, the S&P 500 decreased by 0.08%, while the Nasdaq added 0.22%. The US Federal Reserve is expected to meet today. Amid the sell-off in global stock markets on Friday and Monday, the dollar index and Japanese yen have become safe haven assets for investors. Economists believe that Jerome Powell will give a hint about the QE program cuts today, with an official announcement to be made in November. But many analysts believe the Fed will have a problem convincing investors that the plans to cut asset purchases are not an obstacle to raising interest rates.
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Monday, September 20, was the worst day for the US market in almost a year. At the stock market’s close, the Dow Jones decreased by 1.78% to a 1-month low, the S&P 500 decreased by 1.70%, and the NASDAQ lost 2.19%. The sell-off was triggered by investor concerns about the possible bankruptcy of Evergrande, China's largest real estate developer, and expectations of a reduction in the Federal Reserve's stimulus programs. Also, the VIX volatility index, also known as the fear index, reached a maximum of four months. Morgan Stanley analysts warn that they do not exclude the chances of the S&P 500 to correct by 20% or more.
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The US stock market ended Friday's trading lower amid negative dynamics from the basic materials, utilities, and technology sectors. At the closing of the exchange, the Dow Jones Industrial Average decreased by 0.48%, the S&P 500 decreased by 0.91%, and the NASDAQ lost 0.91%. At the end of the week, the Dow Jones decreased by 0.23%, the S&P 500 decreased by 0.93%, and the NASDAQ lost 1.1%. Statistically, more than 15% of the S&P 500 stock is down more than 20% from this year's peak. Many investors are losing faith in the ability of most of the market to maintain profit growth above the current levels.
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The US stock market ended Thursday's trading without a single dynamic. At the closing time of the stock exchange, the Dow Jones index decreased by 0.18%, the S&P 500 lost 0.15%, and the NASDAQ added 0.13%. The technological sector became the growth leader, while the negative dynamics were demonstrated by the oil, gas, and utility sectors.
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The US stock market is declining. The Dow Jones index decreased by 0.84%, the S&P 500 lost 0.57%, the Nasdaq decreased by 0.45%. The value of the Nasdaq is decreasing for the fifth session in a row. The sharp drop in treasury bond yields signifies that investors are preparing for the worst. At the moment, a continued rotation out of value stocks into high-quality growth stocks is evident. The technology and health care sectors are showing relative strength. Energy, financial and industrial sectors are showing relative weakness.
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The US stock indices closed in the green zone yesterday. The Dow Jones added 0.76%, the S&P 500 increased by 0.23%, while the Nasdaq Composite technology index slightly decreased by 0.07%. On the one hand, the market was positively influenced by the investors' expectations that inflation would not accelerate and the Federal Reserve System and the US government would continue to support the economy. On the other hand, Patrick Harker, head of the Philadelphia Fed, also wants the central bank to start cutting stimulus as soon as this year. It also should be noted that statistically, September and October are weak months for the major US indices. The indices tend to drop before winter and then experience a bullish rally for Christmas.
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Last week, investors focused on the release of the ECB's monetary policy plans. The European Central Bank left the interest rate unchanged and slightly raised its inflation target this year. But the ECB will likely start to reduce its stimulus program in the next quarter. Such news had a negative impact on the US market as well. Also, investors are now inclined to believe that the Federal Reserve will follow its colleagues from Europe and start cutting its quantitative easing program next quarter as well. A lot will depend on inflation data released this week in the USA, Canada, Great Britain, Europe, and Japan.
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The main US stock indexes closed in the red zone yesterday. The S&P 500 and Dow Jones indices decreased for the fourth session in a row. This is not a good sign, which indicates that investors are closing their positions. Many analysts expect the market to fall in the coming months. The head of the Federal Reserve Bank of Atlanta Rafael Bostic says that the Fed may start to reduce the asset purchase program this year and make the appropriate decision at the next meeting. Only an increase in the number of COVID-19 cases can put off the decision, but the situation is under control so far.
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American employers struggle to find workers. As a result, the number of vacancies in the US reached a record high of 10.9 million. The news was positive for the dollar index and negative for the major stock indices. At the close of the stock market, the Dow Jones index decreased by 0.20%, the S&P 500 decreased by 0.13%, and the NASDAQ technology index lost 0.57%. Mostly the negative dynamics were observed in the oil and gas and technology sectors.
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The US stock market closed in different directions yesterday. Industrials, utilities, and real estate sectors showed negative dynamics. At the close of the stock market, Dow Jones decreased by 0.76%, S&P 500 lost 0.34%, but NASDAQ added 0.07%. Walt Disney Company (+1.85%) was the biggest gainer among the components of the Dow Jones index. Moderna shares jumped by 4.72%. Apple increased to a historic high (+1.55%). In the US, unemployment payments will end soon, which could have a significant impact on economic growth.
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On Friday, the main American indices failed to strengthen. By the end of the week, the Dow Jones index decreased by 0.2%, while the S&P 500 increased by 0.6%, and the Nasdaq jumped by 1.6%. It’s a Bank Holiday in the United States and Canada today, so with no important events in the European session, the trading day will be quiet.
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The number of initial jobless claims in the US fell to 340,000, the lowest level since March 2020. Investors are now focusing on nonfarm payrolls data. Economists expect the number of workers to increase by 720,000 a month and the unemployment rate to fall from 5.4% to 5.2%. If the data is above those expectations, the dollar index will rise substantially, and major stock indices will decrease. The US stock market ended Thursday's trading higher due to the strength of the oil and gas, health care, and utilities sectors. The Dow Jones increased by 0.37%, the S&P 500 increased by 0.28%, and the NASDAQ added 0.14%.
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September started with renewed buying of tech stocks, which helped the Nasdaq index add 0.33% and close at a new peak yesterday. The Dow Jones industrial index decreased by 0.14%. The S&P 500 index stayed about the same. The national employment report from ADP showed that the US private sector jobs increased by 374,000 in August compared to 326,000 in July, which is much less than the forecast of 613,000. Such statistics have negatively affected the dollar index.
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Amid a temporary strengthening of the dollar index, major US stock indices declined yesterday. The Dow Jones index decreased by 0.11%, the S&P 500 index decreased by 0.13%, and the NASDAQ index lost 0.04% at the close of trading. 7 of the 11 sectors closed in the red zone. The technology and energy sectors declined most. But despite that, the S&P 500 index added almost 3% at the end of the month. It is the seventh month of growth in a row. And while the Fed is in no hurry to tighten its monetary policy, the rally is likely to continue. Investors' attention is now focused on labor market data, which will be released later this week. The Federal Reserve relies on employment reports, so very good figures may provoke investors to start selling.
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The US stock market showed multidirectional dynamics. Technology, healthcare, and consumer cyclical sectors demonstrated growth. The oil and gas and financial sectors declined. At the close of trading, the S&P 500 increased by 0.43%, while the Nasdaq added 0.9%; both indices updated the price highs. But the Dow Jones Industrial Average decreased by 0.16%, even despite the growth of Apple and Microsoft's shares, which increased yesterday by 3.04% and 1.29%, respectively. The US dollar index is under pressure right now. Excess liquidity in the financial system is driving the dollar index lower and major stock indices higher.
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After it became known that the QE program was not planned to be cut in the nearest future, the main US stock indexes sharply jumped and closed the day at the maximums. At the close of the trading session, the Dow Jones increased by 0.69%, the S&P 500 index increased by 0.88%, and the NASDAQ index jumped by 1.23%. The rally continues.
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Investors were cautious in the stock markets yesterday, with some investors starting to trim their portfolios, which caused a short-term decline in indices. As a result, the S&P 500 decreased by 0.58%, the Dow Jones lost 0.54%, and the Nasdaq fell by 0.6%. The head of the Fed, Jerome Powell, will give a speech today following the symposium in Jackson Hole. This verbal intervention may increase the volatility in the financial markets.
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Yesterday, the S&P 500 and Nasdaq closed at record highs. The Dow Jones index increased by 0.09%, the S&P 500 added 0.15%, and the Nasdaq jumped by 0.52%. Investors are waiting for Friday’s speech by Fed Chairman Jerome Powell. The July FOMC minutes suggest that the Fed could start cutting QE by the end of the year. However, there is a high probability that Mr. Powell may refrain from talking about cutting QE because of the spread of Delta and the fact that Fed officials aren’t unanimous about this issue.
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The latest global wave of COVID-19 is slowing the global economic recovery. As a result, it could lead the Federal Reserve to postpone cutting the QE program until the end of the year. On the back of this news, US stock indices showed strong gains on Monday. The S&P 500 increased by 0.85%, the Dow Jones added 0.61% and the Nasdaq technology index jumped by 1.55%. At the same time, the dollar index yesterday demonstrated its biggest one-day drop since May. The focus this week remains the annual economic symposium in Jackson Hole, where Fed Chairman Jerome Powell will address the public. If Mr. Powell confirms that the Fed will start to reduce the QE program this year, short-term, but sharp sales can begin on the market. If the reduction of the QE program will be postponed, it means that everything will remain as it is, and stock indices will continue to renew maximums.
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Major US stock indices closed Friday in green territory. The S&P 500 index increased by 0.8%, the Dow Jones index increased by 0.65%, and the Nasdaq added 1.2%. NVIDIA, MSFT, and CSCO stock prices made new all-time highs. But that did little to make up for the week's losses. By the end of the week, the Dow and S&P 500 decreased by 1.1% and 0.6%, respectively, and the Nasdaq technology index fell by 0.7%. The main event of the coming week will be the annual symposium of the world’s central banks’ heads in Jackson Hole, where signals concerning the plans of the Federal Reserve's monetary policy are expected.
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The US stock market ended Thursday's trading without a single dynamic. Index Dow Jones decreased by 0.19%, S&P 500 added 0.13% and NASDAQ added 0.11%. The FOMC minutes indicate that the Federal Reserve may begin cutting the QE program at any time, but analysts tend to think it will happen between September 22, 2021, and January 1, 2022. Investors are likely to be very cautious all this time, so the growth potential of indexes will be limited.
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The FOMC minutes of the July meeting suggest that the reduction of the QE program may take place as soon as this year. September is just around the corner, so the labor market still needs better data before the central bank begins cutting stimulus measures. Investors' attention is now focused on the annual economic symposium that will take place next week, where Jerome Powell will disclose the details about the future plans of the Fed. Considering this news, investors began to close their positions partially. As a result, major stock indices began to decline. The S&P 500 index decreased by 1.07%, the Dow Jones lost 1.08%, and the Nasdaq decreased by 0.89%. Major indices are very likely to trade in a wide price range in the next month or two. After the announcement of the beginning of the QE program reduction, a large correction will take place in the market, so investors should rebalance their portfolios.
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US retail sales decreased by 1.1% in July, while the core retail sales index decreased by 0.4%. Both indicators did not meet economists’ expectations, but the dollar index increased by 0.54% despite that. The political instability in Afghanistan also increased the demand for US currency. According to Fed Chairman Jerome Powell, the central bank does not know how the outbreak of the Delta strain might affect the economy, so the central bank is just watching the situation. At the same time, major US stock indices decreased yesterday due to declines in the technology, financial, and consumer cyclical sectors. Dow Jones decreased by 0.79%, S&P 500 index fell 0.71%, NASDAQ index lost 0.93%. General Motors stock decreased by 2.5% after Warren Buffett's Berkshire Hathaway announced it was cutting its stake in the company. Sharp declines in auto sales in July also contributed to declines in Ford and Tesla stocks.
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US stock indices closed without a single trend yesterday. The Dow Jones increased by 0.31%, the S&P 500 added 0.26%, and the Nasdaq Composite decreased by 0.2%. Tesla shares lost 4.3% after the US National Highway Traffic Safety began an inspection of Tesla's Autopilot system after a series of crashes involving the company's electric cars. According to a survey, the majority of investment banks believe that the Federal Reserve will announce a reduction in the QE program at the meeting on September 22. In this case, the reduction of stimulus will begin on December 1, 2021, and will be completed by August 1, 2022, after which the Fed will raise the interest rate by 0.25% at the beginning of 2023. Usually, a massive sale of assets is observed in the financial markets after the announcement of the QE program reduction.
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Last week on Friday, the University of Michigan released its Consumer Confidence Index. The index decreased from 81.2 to 70.2, indicating growing fears about the dynamics of the economic recovery. As a result, the dollar index fell sharply. However, the US stock market ended Friday's trading higher due to strengthening health care, utilities, and telecommunications sectors. The Dow Jones increased by 0.04% to a historic high, the S&P 500 added 0.16%, and the NASDAQ increased by 0.04%. The gainers among the S&P 500 index companies were the eBay shares (+7.45%), which reached its historical maximum, as well as AMD (+3.80%).
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Last week the number of new jobless claims was 375,000 (previously 387,000) in the US. The labor market is slowly recovering. In July, the US producer price index increased more than expected as high inflation and strong demand, driven by the economic recovery, continue to damage supply chains. The producer price index increased by 7.8% within the last 12 months; this is the highest value since 2010. The US stock market ended Thursday's trading in growth due to strengthening health care, technology, and consumer goods sectors. The Dow Jones and S&P 500 reached new all-time highs for the third session in a row. Inflation data remains the main leverage of the US Federal Reserve now.
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According to the US Labor Department, the consumer price index (CPI) decreased from 0.9% to 0.5%. The core CPI, which does not include food and fuel prices, fell from 0.9% to 0.3%. On a year-on-year basis, the inflation remained at 5.4%, in line with forecasts. Core annual inflation decreased to 4.3% from 4.5%. The US inflation growth is slowing down, easing investors’ fears that the Federal Reserve will reduce its QE program soon. Considering this news, the dollar index decreased by 0.16%. The Dow Jones Industrial Average and the S&P 500 closed at record highs, while sectors related to economic growth rose following the signing of the infrastructure bill. The Dow Jones index added 0.62%, the S&P 500 index increased by 0.25%, and the Nasdaq index decreased by 0.16% again.
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The US stock market traded without a single dynamic yesterday. At the close of the day, the Dow Jones index increased by 0.46%, making a new all-time high, the S&P 500 index added 0.10%, and the NASDAQ technology index decreased by 0.49%. The rise in Dow Jones was mainly due to the approval of the $1 trillion infrastructure project. The top gainers among Dow Jones index components were shares of Caterpillar Inc. (+2.46%) and Walmart Inc. (+2.13%). Today, the previous month’s US inflation data will be published. A rise in inflation could cause strong sales in financial markets, as cutting the Federal Reserve QE program is the only way to suppress inflation. Rising inflation could also heighten expectations of rate hikes next year. If inflation is lower, there is a possibility that everything will remain the same.
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Despite positive JOLTs Job Openings data, US main stock indices slightly decreased on Monday. The US must overcome the economic crisis caused by the epidemic before the central bank begins to raise interest rates, according to Federal Reserve official Rafael Bostic. Most likely, the US stock market situation will not change significantly, and indices will continue to rise slowly until the annual symposium in Jackson Hole later this month.
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Last week, investors were mainly focused on the US Nonfarm Employment Change data. The US economy added 943,000 jobs in July, and the unemployment rate decreased to 5.4% (previous 5.9%). The labor market data were better than expected. S&P 500 and Dow Jones indices hit new all-time highs on Friday. Over the past week, the Dow Jones increased by 0.8%, the S&P 500 added 0.9%, and the Nasdaq jumped by 1.1%. The main event of the week is the US inflation data. The consumer price index is expected to fall slightly after the strongest gain last month. Traders should keep a close eye on the Fed officials' speeches (Raphael Bostic and Thomas Barkin), who are inclined to reduce the QE program. Optimistic labor market data, combined with projected lower inflation, could prompt Fed officials to begin cutting bond purchases as soon as September, which would be the first step toward a possible interest rate hike.
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Initial jobless claims in the US decreased by 14,000 to 385,000. The number of layoffs fell to its lowest level in more than 21 years. It indicates that companies are holding on to their workers by any possible means amid a labor shortage. Today, the investors' attention will be focused on the Nonfarm Payrolls data and the unemployment rate in the USA. The good labor data might raise concerns that the Fed will start cutting its QE program soon. Negative labor market data will cause questions about the economic recovery but will add confidence that the soft monetary policy will remain unchanged. The S&P 500 and Nasdaq indices closed at record highs on Thursday as optimism over strong corporate reporting, as well as progress on the infrastructure bill and expectations for a strong monthly jobs report on Friday, supported investor sentiment. 340 companies in the S&P 500 index have already reported for the past quarter. 87.6% improved their earnings estimates. The White House considers the option to oblige foreigners to vaccinate from COVID-19 before traveling to the United States.
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The US stock market declined yesterday but closed the day without a single trend. The fall was observed in almost all sectors of the economy. Only some industries stayed in the green zone (semiconductor and software companies). Oil & gas, healthcare, industrials, and consumer cyclical sectors showed the biggest declines. At the end of the day, the S&P 500 index decreased by 0.46%, the Dow Jones index lost 0.92%, while the Nasdaq index added 0.13%. The leaders of the decline among S&P 500 components were General Motors stock (-8.95%) and Lumen Technologies stock (-8.86%). Shares of Robinhood Markets jumped by 50.4% as interest from the famous Kathy Wood fund, and the popularity of the service set investors and traders up to buy. Because of the growing spread of the COVID-19 Delta strain, traders and investors are also actively buying Moderna and Pfizer stocks.
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The US stock market ended the trading session in the green zone due to good corporate reporting. The oil and gas, healthcare, and industrial sectors were the growth leaders. Dow Jones index increased by 0.80%, S&P 500 added 0.82% and Nasdaq increased by 0.55%. At the same time, there is an increase in cases of COVID-19 in the United States. Many local authorities have reintroduced mandatory wearing of masks indoors, and some authorities want to introduce mandatory forced vaccination. On Friday, the US Labor Department will release its July unemployment report. Experts are predicting an increase in the number of jobs. If the growth of the number of US jobs in July and August reaches about 800,000, the American labor market will be close to the pre-crisis level. It can make the Fed announce the reduction of the QE program in September. However, US business activity indices show that the peak of economic growth is over, and no significant increase in jobs should be expected.
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The US stock market ended Monday's trading without a single dynamic. The Dow Jones index decreased by 0.28%, the S&P 500 index decreased by 0.19%, and the NASDAQ technology index increased by 0.06% at the close of the stock market. The number of stocks that fell in price exceeded the number that closed on the plus side (1,755 vs. 1,436). Investors did not like the data from the US manufacturing sector, as it raised concerns about further economic recovery. Positive reports from companies do not help indexes strengthen. More and more economists are inclined to the fact that at the annual symposium in Jackson Hole on August 27, the Federal Reserve representatives can announce the cutting of stimulus, which will cause a large sell-off in the stock market.
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After months of work, US senators finally presented a large bipartisan infrastructure development plan of $1 trillion (investing in roads, railroads, bridges, ports, high-speed Internet, electric car charging stations, water pipe replacement, and other infrastructure) that will certainly impact economic growth and labor market. It is a five-year plan. But on the other hand, Democrats want to offset the social spendings with tax increases for corporations and wealthy Americans earning more than $400,000 a year.
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Last quarter, US GDP increased to 6.5% (previous 6.4%) in annual terms, significantly lower than 8.5% expected by economists. Weekly jobless claims fell to 400,000 (previous 424,000), but also below expectations of 382,000. Against the background of this data, the dollar index fell to a monthly minimum, but it did not prevent the US stock market from closing in the green zone. The major indices increased due to a strengthening of the consumer goods sector as well as the oil and gas sector. At the close of the New York Stock Exchange, the Dow Jones increased by 0.44%, the S&P 500 increased by 0.42%, and the Nasdaq technology index added 0.11%. But after the market closed, AMZN reported for the previous quarter. The company's revenue was up but below expectations. Also, the online giant lowered its forecast for the third quarter, which led to a sharp drop in prices by more than 7%. Such a drop undoubtedly affected the Nasdaq index as well, which fell sharply by more than 1%. It suggests that AMZN is the driver of the Nasdaq index. Despite the positive report, Facebook's stock price also decreased yesterday. However, Ford Motors stock, on the other hand, increased by 3.8%. The US automaker recorded a net profit in 2Q2021, although the figure is half as much as a year earlier.
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At yesterday’s press conference, Jerome Powell said that the Fed would wait for strong labor market numbers in the coming months before cutting the QE program. Currently, the Fed is not cutting QE. The interest rate remains unchanged. Also, the Fed chair said that the inflation rate could be higher and steady, but it would return to the 2% target in the following year. The situation in the financial markets will remain the same at least until the end of August. Subsequently, the dollar index decreased by 0.19% to a two-week low.
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US stock markets closed in the red zone yesterday. The biggest drop was in the Nasdaq technology index, which fell by 1.21%, while the fall at that moment was about 1,400 points (-2.3%). The Dow Jones index was more stable and decreased by 0.24%. The S&P 500 Index lost 0.47%.
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US stock indices are trading at historic highs again. Corporate profits are keeping the market from even small corrections. US electric vehicle manufacturer Tesla, which reported after the market closed, finished the second quarter of 2021 with record profits and beat analysts' expectations. This week, investors are expecting quarterly reports from a number of US companies, including tech giants (Alphabet, Amazon, Apple, Facebook, Microsoft). But the real estate market is in decline. New home sales in the US unexpectedly fell by 6.6% in June to the lowest level since April 2020. A Commerce Department report showed that the average sales price of a new home increased by 6.1% compared with a year earlier. Goldman Sachs experts have lowered their forecasts for the US GDP growth for the third and fourth quarters of this year and expect a significant slowdown in the US economic recovery in 2022. Investors around the world invested more than $900 billion in US funds in the first half of the year, more than was invested in all global funds in the first two quarters of 2021. This shows that the US economy is now a kind of "safe haven" for investors. A Fed meeting will take place tomorrow. The main question will be how well the central bank is doing with rising inflation.
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Against the background of the continuing season of corporate reporting in the United States, major stock indices closed trading at record highs on Friday, with the Dow Jones Industrial Average breaking the 35,000 mark for the first time ever. According to the results of the week, the Dow Jones added 1.1%, the S&P 500 increased by 2%, and the Nasdaq - by 2.8%. The upcoming week is expected to be more intense with the Fed meeting and many important economic statistics. But most analysts expect the Fed to give a clearer picture of its plans to reduce the quantitative easing (QE) program at its annual conference in Jackson Hole in late August. Also, in the coming week, financial reports of a number of technology giants will be published, including Tesla Inc., Apple Inc., Alphabet Inc., Microsoft Corp., and Amazon Inc.
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Yesterday, the data from the US Labor Department showed that initial jobless claims increased by 51,000 to 419,000 last week, the highest level within the last 2 months. But the news didn’t affect the stock indices that much, as corporate earnings of reporting companies are pushing the indices up. But many analysts are sure that good company reports can't support the stock market all the time, and a severe correction may happen in the near future. August and September are statistically weak months for the indices, so according to Ryan Detrick, chief market strategist at LPL Financial, the next two months could be a serious test for the bullish trend, considering that the Federal Reserve will hold a monetary policy meeting next month. Any signs of QE cut could send the market into a 10% correction. In its turn, the websites of several major companies (Delta Air Lines, British Airways, Capital One, Vanguard, United Parcel Service, LastPass, AT&T, Costco) shut down due to a large-scale failure yesterday. The reasons for the failure will be specified later.
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The US stock market closed in the green zone yesterday due to the flow of corporate revenues of reporting companies, which led to the strengthening of the oil and gas, financial, and technology sectors, particularly the semiconductor industry. The S&P 500 index increased by 0.82%, the Dow Jones added 0.83%, and the Nasdaq jumped by 0.92%. Special attention was focused on the airline and cruise companies, which are steadily recovering. Today, investors' attention is directed to the ECB meeting, which will indirectly influence the dollar index, as well as to the weekly report on the number of initial jobless claims. Positive labor market data could provoke growth in the dollar index and a decrease in the main indices.
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The US stock indices closed in the green zone yesterday. All three indices increased steadily at the end of the day. The biggest gain was shown by Dow Jones, which increased by 1.62%. The S&P 500 added 1.52% and the Nasdaq increased by 1.57%. Optimism has returned to the markets a little, but the situation is still uncertain. On the one hand, many economies are showing good signs of recovery. On the other hand, a new wave of coronavirus could slow these growth rates and lead to new lockdowns. In the meantime, investors are looking for profitable opportunities in stock markets, as there are practically no investment alternatives today.
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Last week, the number of new cases in the US increased by 70% compared to the previous week and the number of deaths increased by 26%, with outbreaks occurring mostly in those parts of the country where the vaccination rates are the lowest. Such numbers are very negative for both stock indices and commodity markets. All three major US stock indices closed the session with sharp declines, with the S&P 500 and Nasdaq experiencing their biggest one-day percentage drop since mid-May. And for the Dow Jones index, it was the worst day for the last nine months. The US Treasury yields also fell, which caused a decline in the stocks of the banking sector. On the other hand, everybody knew that the stock market was “overheated” and needed a fresh breath in the form of a correction movement. Now it is important to watch whether the positive quarterly reports of the companies will be able to renew the growth of the stock indexes. If this does not happen, the correction can be much stronger.
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On Friday, the US stock indices finished trading in the red zone amid concerns about accelerating inflation. Investors believe that the Fed is unable to control inflation, so even though many major corporations have reported high net profits and revenues due to the economic recovery, the fixation of the previously open positions is still observed in the market. Last week, the Dow Jones decreased by 0.52%, the S&P 500 decreased by 0.97%, and the Nasdaq lost 1.87%.
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Yesterday, the Fed Chairman Jerome Powell pointed out that the economic situation wouldn’t allow Fed to reduce the QE program in the near future, as 7.5 million jobs weren’t provided to reach previous levels. When it comes to the rise in inflation, Mr. Powell said that the increase in prices is predetermined by the country's recovery from the pandemic and is temporary, but inflation will remain high in the coming months. This year, the Fed promises strong support to complete the US economic recovery. The US stock indices closed a trading session without a single trend on Wednesday.
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The consumer price index data slightly shocked financial markets. Annual consumer inflation accelerated to 5.4% from 5% (the forecast was 4.9%), and the core CPI increased to 4.5% from 3.8% (with the forecast of 4.0%), it’s a record for the last 30 years. This data shows that inflation is out of control and revives investor fears that the Fed will tighten monetary policy in the near term. Today, traders should be watching closely what Jerome Powell will say during his speech to Congress. However, the Chairman of the Federal Reserve Bank (FRB) of San Francisco, Mary Daley, still believes that the acceleration of inflation in the USA is temporary.
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All three major US indices closed in the green zone yesterday as investors expect positive statistics on the consumer price index and that quarterly earnings of major banks will be a catalyst for further growth. The S&P 500 and Nasdaq reached new all-time highs, while the Dow Jones did not have 126 points to reach new all-time highs. The US banking sector is reporting today and tomorrow, so traders are actively buying stocks of banks such as JP Morgan, Goldman Sachs, Bank of America, Wells Fargo, and Citigroup.
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The prospects for US inflation and future Federal Reserve policy tightening are in the spotlight ahead of Tuesday's consumer price data (the most important inflation indicator) and Fed Chairman Jerome Powell's statements on Wednesday and Thursday. Concerns about the Delta variant of the new coronavirus are also adding to the tension in the financial markets. However, the S&P 500 Index made a new all-time high on Friday, and other indices also increased significantly. This week, the second-quarter reporting season begins in the US stock market.
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The Federal Reserve will scrap its quantitative easing (QE) program on January 1, 2022. But the US labor market situation is raising concerns among investors again. The number of Americans filing for unemployment benefits unexpectedly increased by 2,000 to 373,000, indicating that the labor market recovery from the pandemic remains unstable. These numbers also raise concerns that new outbreaks continue to be one of the biggest downsides for the ongoing sustained economic recovery. Amid this news, the US stock indices closed the day in the red zone. The Dow Jones index decreased by 0.75%, the S&P 500 index fell by 0.86%, and the NASDAQ lost 0.72%. However, the analysts are confident that the growth of the indices will continue until the Fed moves from words to actions.
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According to the minutes of the Fed's meeting in June, which were published yesterday, Fed officials are ready to take steps to reduce asset purchases as early as 2021. But the target for the beginning of the reduction of the monthly bond purchases has not yet been reached. There is some kind of uncertainty about the timeframe of meeting the conditions for a reduction. Opinions are divided. Some representatives expected the target to be reached sooner than expected, while others preferred to wait for incoming economic data. Considering the decrease of the bond yields, the S&P 500 and Nasdaq indices closed at record highs on Wednesday. Technology, commodity, and industrial sectors were the leaders of the growth.
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The Dow Jones and S&P 500 stock indices declined on Tuesday, moving back from last week's record highs, while the Nasdaq increased to a new high. The US ISM Services PMI fell from 64 to 60.1 points, indicating a slight slowdown in the economic recovery. The main problems with the business recovery are caused by inflation, logistical problems, raw materials, and personnel shortages. Investors are also closely watching the situation in the oil market. Oil is usually denominated in the US dollars, and the United States is the largest exporter of fuel. Oil had increased in price for foreign partners, which led to the increased demand for the US currency. The growth of the US currency is reflected in the growth of the dollar index, which in turn affects major stock indices.
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Last week, investors followed the change in the US nonfarm payrolls. In June, the US economy had been increasing the number of jobs for the sixth month in a row, with the job growth to 850,000 against the expected 720,000. However, the unemployment rate remained high, at the level of 5.9% (5.8% in May). Overall, the labor market data were better than expected. The S&P 500 and Nasdaq indices reached new all-time highs on Friday. This suggests that investors are confident that the Fed's easing policy will remain unchanged. It is a bank holiday in the US today due to yesterday's Independence Day celebration.
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Today, all investors' attention is focused on the Nonfarm Payrolls report. Positive labor market data can be interpreted ambiguously. On the one hand, if the report is too good, investors may start selling their portfolios on expectations of the Fed's stimulus cuts. On the other hand, the unemployment rate has to demonstrate the number of 2,000,000 new jobs every month (700,000 according to the plan) to reach pre-crisis levels. But the market does not believe in such great optimism as the number of new jobless claims was higher than expected yesterday.
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The preliminary employment data from ADP showed that the US private sector added 692,000 jobs in June, 92,000 more than economists expected. Investors are now waiting for Nonfarm Payrolls data from the government to gauge the labor market recovery. The previous figure was 559,000 jobs, while analysts are expecting a figure of 700,000. The dollar index increased by 0.32% amid such a positive situation, and the S&P 500 closed at a record high again. But investors should be cautious because Friday's positive labor market data could lead to a review of monetary policy by the Federal Reserve, which, in turn, could send the major US indices into a mid-term correction.
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The US stock indices increased at the end of Tuesday. The CB consumer confidence index jumped to its highest level since the beginning of the pandemic, which had a positive effect on stock indices. The S&P 500 and Nasdaq renewed their all-time highs. But all investors' attention is now focused on Friday's Nonfarm Payrolls report. An optimistic labor market data may lead to the revision of monetary policy by the Federal Reserve. Therefore, it is possible that the labor market data will be positive but the indices will fall as the Central Bank may raise the issue of cutting the QE stimulus.
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The S&P 500 and Nasdaq indices reached new price highs on Monday due to the growth of technology stocks. Such companies as Facebook, Nvidia, Netflix, and Twitter were the growth leaders. Facebook's market capitalization exceeded $1 trillion for the first time. The second-quarter earnings season begins in the US, and investors expect a strong earnings season while interest rates remain low. But the Dow Jones index is a bit out of whack and is showing mixed dynamics.
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The US Personal Consumption Price Index (PCE) excluding food and energy components increased 0.5% after rising 0.7% in April. The American economy is on the rise, but labor market data remains the weak link of this dynamics. With the gradual economy open, inflation has begun to slow, but some sectors are still struggling to recover. However, analysts are confident that the situation should improve significantly by the fall. Especially because the bipartisan infrastructure development bill for $1.2 trillion was adopted last week.
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The number of initial jobless claims in the US fell by 7,000 last week to 411,000. The labor market is showing steady recovery dynamics. With positive PMI data, the major US stock indices continue to rise confidently. The US S&P 500 and Nasdaq indices set new all-time highs. The leaders of the growth are the consumer goods, industrials, and oil and gas sectors. Yesterday, the President of the United States, Joe Biden, announced a $579 billion infrastructure deal (building roads, highways, bridges, etc.). This is a green light for the real economy and a good step to reduce unemployment.
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The US S&P 500 and Dow Jones indices remained at about the same price levels as yesterday. But the Nasdaq reached another all-time high. This is not surprising, as the technology sector has failed to keep pace with the major indices in recent weeks. Overall, the markets calmed down a bit after Powell's speech on Monday, which downplayed the risk of a rapid tightening of monetary policy. The PMI industrial index showed that the US economy is recovering at a rapid pace.
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The central bank is monitoring inflation but is in no hurry to raise interest rates. That's the bottom line from yesterday's speech by the chairman of the US Federal Reserve to Congress. It should be noted that the Federal Reserve is guided by the Phillips curve, which illustrates the relationship between the rate of inflation and the rate of unemployment. If the unemployment rate rises, the inflation rate will also be high. Once the labor market data turn out to be positive and the unemployment rate falls, inflation will also follow a downward trend.
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The US stock market closed with a strong gain yesterday. The S&P 500 increased by 1.4%, the Dow Jones jumped by 1.76%, and the NASDAQ added 0.79%. All sectors of the economy closed in the green zone, with oil and gas, financials, and industrials leading the gains. Today investors are waiting for Federal Reserve Chairman Jerome Powell’s speech that may lead to increased volatility and a temporary decline in indices.
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The US stock market closed in the red zone on Friday. The S&P 500 index decreased by 1.31%, the NASDAQ lost 0.94%, and the Dow Jones fell by 1.58%. Over the weekend, James Ballard, the head of St. Louis Federal Reserve Bank (FRB), told CNBC that the Fed could raise its key rate as early as the end of 2022. Many investors fear that if the Fed starts to tighten policy sooner, further economic growth could be limited. But as long as monetary policy remains unchanged, indexes are expected to rise further until August. At the moment, the biggest attention of traders is concentrated on the NASDAQ index, which is behaving more confidently.
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The US stock market showed multidirectional dynamics on Thursday. The Nasdaq technology index undoubtedly became the growth leader, jumping by 0.87% and making a new historic high. But the Dow Jones fell by 0.62%, setting a monthly low. Few people know that the US Federal Reserve raised the IOER (Interest Rate on Excess Reserves) on Wednesday to prevent negative yields in the debt market. The IOER rate hike causes a sharp rise in treasuries and the dollar index, but this effect, according to experts, will not last more than 1-2 weeks, after which everything will return to normal.
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The US stock indices fell sharply following the Fed's statements yesterday. What happened? For now, the Federal Reserve maintained all stimulus programs and left interest rates unchanged. But the inflation outlook was changed from "temporary" to "stable," followed by the increase (from 2.4% to 3.4% annually), which triggered a sharp sell-off in the market. At the Fed press conference, Jerome Powell said that the Fed is ready to change its monetary policy any minute if the situation changes. First of all, the discussion is about a possible cut of the QE program at the next Fed meeting, as the Fed officials expect stronger employment reports during summer. The interest rate is planned to increase no earlier than in 2023. Amid this news, the entire stock market has shifted into the red zone.
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Today, all the attention of investors is focused on the FOMC meeting and Jerome Powell's press conference. Watch out for the volatility to rise sharply. Analysts expect officials to point out a discussion on the reduction in stimulation measures, but the cuts themselves will not be implemented yet, as the number of jobs is significantly lower than the pre-pandemic level. Therefore, it is more likely that soft monetary policy will remain until August.
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The main US stock indices ended Monday's trading in different directions. Nasdaq became the strongest performer, which jumped by 0.74%. The S&P 500 index also increased by 0.18%, while Dow Jones decreased by 0.25% at the end of the day. The technology sector was the growth leader, but the financial sector, on the contrary, was in the red zone. Investors' confidence in the further growth of the indices has become stronger, but there are still some worries before the Fed meeting this Wednesday.
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With inflation slowing on a monthly basis, analysts are confident that the Fed will not change anything and will keep monetary policy soft until at least August. On Friday, the rise in stock indices also confirmed these expectations. The S&P 500 increased by 0.19%, the NASDAQ jumped by 0.35%, and the Dow Jones remained at the same level. The companies from the technology, consumer services, and consumer discretionary sectors became the growth leaders.
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The inflation growth in the United States up to 5% in annual terms was insufficient to change the monetary policy by the Fed. Monthly dynamics showed a slowdown in inflation growth. The number of new jobless claims also reported its lowest level in the last 15 months. Considering this statistics, the US stock indices rose to new highs. The S&P 500 Index increased by 0.47% to a new all-time high. The Dow Jones Index added 0.06% and the Nasdaq Composite Index jumped by 0.78%. Companies in the healthcare sector were the leaders.
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Yesterday, the US indices were trading in a narrow price range. This is not surprising as no one wants to take additional risk, and everyone was braced for the consumer price index data, which is an indicator of inflation. The US economists expect inflation to rise 0.4% in monthly terms and up to 4.8% annually. Core inflation is expected to be 3.4%. If the report turns out to be worse than those expectations, the market may react very negatively as investors will start to close their positions with the fears that the Fed will start to cut its stimulus measures earlier.
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The US stock indices closed almost unchanged. The best performing index was the tech index Nasdaq, which increased by 0.3%, mainly due to the growth of FAANG companies (Facebook, Amazon, Apple, Netflix, Google). There is a lot of uncertainty among investors right now because everyone is waiting for inflation figures and no one is willing to take an additional risk before the statistics come out. But at the same time, meme-shares continue to pump one by one.
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The US stock indices remained at the same price levels. Investors are braced for the Consumer Price Index (CPI) report to be released on Thursday. In its turn, party disagreements regarding the G7 tax deal are growing in the US. Several high-ranking Senate Republicans criticized the US deal with the G7 countries to impose a global corporate tax of at least 15%.
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Despite positive non-farm data on Friday, the dollar index fell, since the values did not exceed the analysts' expectations. The number of jobs increased by 559,000 in May, which is 90,000 below expectations. At the same time, the unemployment rate decreased from 6.1% to 5.8%. Statistics on the labor market have become a great relief for investors. As a result, the US stock indices closed with growth. But on Thursday, the US consumer price index (CPI) report will be published in the United States.
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Yesterday, the US Labor Department reported that 978,000 jobs were created in May, far above analysts' forecasts of 654,000. The average number of initial jobless claims fell from 562,000 to 428,000. On the one hand, these statistics are a good sign of economic recovery. On the other hand, the faster the economy recovers, the more likely the Fed will start to scale back its stimulus measures in order to avoid a further rise in inflation.
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The US stock market closed higher on Wednesday. The Dow Jones index rose by 0.07%, the S&P 500 added 0.14% and the NASDAQ also increased by 0.14%. BriaCell Therapeutics Corp (BCTX) and Koss Corporation (KOSS) were among the leaders, which increased by 94% and 68%. The US Federal Reserve released its Beige Book report yesterday, which indicated that the pace of economic growth slightly accelerated.
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The US stock indices closed mixed yesterday. On Tuesday, the Dow Jones rose by 0.13%, the S&P 500 decreased by 0.05%, the NASDAQ Composite fell by 0.09%. The energy, financial and real estate sectors became the growth leaders. Among the Dow Jones companies, Boeing (+3.12%) and Dow Inc (+2.8%) showed the biggest gains. However, the boom in meme stocks continues. For example, BlackBerry gained 14.8% yesterday.
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The US stock futures did not change much after the bank holiday on Monday. Despite the fact that the US inflation data exceeded forecasts last week, analysts expect further growth of stock indices. The statistics of the ADP non-farm payrolls may have great influence at the end of the week. Negative data may lead to the revision of the monetary policy by the Federal Reserve.
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On Friday, the major US indices closed with a slight increase. The S&P 500 index increased by 0.08%, the Nasdaq added 0.09%, and the Dow Jones Industrials jumped by 0.19%. Inflationary pressures continue to be a major theme of economists in the US. The key inflation indicator (PCE) showed that prices are rising faster than expected. The fundamental picture for the dollar index remains weak.
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Against the background of reducing unemployment, the US stock indices rose slightly on Thursday. The S&P 500 Index increased by 0.12% and the Dow Jones Industrials added 0.41%. The indices have remained about at the same level for the last two months. On the one hand, the soft monetary policy from the Fed is pushing the markets up. On the other hand, concerns about high inflation have not gone anywhere.
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Yesterday, the Fed vice chairman, Richard Clarida, said that the US central bank will be able to overcome an inflation sharp rise while maintaining the current course of economic recovery. The dollar index fell by 0.17% on this news and is near its yearly lows. The US stock indices corrected a little bit yesterday: the S&P 500 index decreased by 0.21%, the Dow Jones Industrials lost 0.24% and the Nasdaq decreased by 0.03%.
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As of yesterday's results, the US indices rose significantly again. The S&P 500 index increased by 0.99%, the Dow Jones Industrials added 0.54%, and the Nasdaq Composite technology index jumped by 1.41%. Tech giants AAPL, MSFT, and NVDA were the leaders of the growth. This week the US will release statistics on personal consumption, which is a preliminary indicator of inflation. Also, there is a heated debate about tax increases in the US Congress.
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On the background of technology companies growth, the US indices significantly increased on Thursday. Investors were also pleased by positive statistics on weekly jobless claims. The number of jobs has been growing for the third week in a row. The S&P 500 rose by 1.06%, the Dow Jones added 0.55%, and the Nasdaq increased by 1.77% by the end of the trading day. The well-known Kathy Wood Ark Investment Fund bought more than 47,000 Tesla shares yesterday.
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The US stock market closed with growth on Thursday. S&P 500 index rose by 1.22%, Dow Jones added 1.29%. The trigger for the growth was the statement of the US Fed that no changes in the monetary policy will be held in the near future, and the inflation growth is only a temporary effect caused by the pandemic impact. On the back of this statement, the financial, industrial, and utilities sectors showed a good rebound.
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On Wednesday, the main U.S. stock indices showed negative dynamics again. Data from the Labor Department showed that consumer prices in the U.S. almost tripled. This is the highest level for the last 12 years. And the Core PPI index (excluding food and energy prices) rose to a level that was last seen in 1982. There is no doubt that all this will most likely lead to a tightening of monetary policy from the Fed. First of all, the interest rate may be raised by at least 0.25%.
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On Tuesday, the main U.S. stock indexes showed negative dynamics, but by the end of the trading day it recovered their positions. At the moment, the investor sentiment is very mixed. On the one hand, the economy is filling up with cheap money, but on the other hand, there are growing concerns about rising inflation, which could stimulate the Fed to tighten monetary policy.
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Last week, investors were watching the changes in the U.S. Non-Farm payrolls. The report was much worse than expected, with the unemployment rate rising. But that did not stop the S&P 500 and Dow Jones indices from making new all-time highs on Friday. This is because investors are confident in the recovery of the economy as inflation expectations are not yet rising and the Fed's easing policy will remain the same.
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On Tuesday, Janet Yellen, the newly elected Treasury Secretary and former Fed chief, unexpectedly announced about the possible interest rate hike in order to avoid the overheating of the economy. Taking into account the strategy of many investors "Sell in May and go away", the major U.S. indices reacted with a sharp decline, but slightly recovered their positions by the end of the session.
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Last week, investors were mainly watching the U.S. Fed Rate decision. The results of the FED Committee have not surpassed. Although the FED left the interest rate on the same level, monetary policy will also remain soft and stimulative for the U.S economy. This week the main event for investors will be the U.S. Non-Farm Employment Change. The analysts are expected to see 978,000 jobs created in April, reducing the unemployment rate to 5.7% from 6%.
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American tech giant Apple Inc. has more than doubled its net profit by the new report. In the previous days, Alphabet and Facebook also reported positive results. These companies are the leaders of the main U.S. indices, so on the background of the projected GDP growth and new stimulus of 1.8 trillion dollars from Biden, further growth of American indexes is expected.
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On Thursday, despite the fact that the stock market fell by an average of 1% concerning the news on Biden's plans to raise the capital gains tax, the market rebounded very strongly on Friday, showing that investors continue to believe in rising indices. Also, the S&P 500 index was able to update its historical maximum.
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US equities tumbled from all-time highs as investors weighed the start of the corporate earnings season and an increase in the total amount of bond offerings that triggered the rally.
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The main event of yesterday was the publication of data on retail trade in the United States. Indicators declined in February, which was partly influenced by winter weather across much of the country. The market perceived this as a temporary factor of a decrease in demand, and an increase in consumer activity is expected in the near future.
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Intraday volatility decreased in the foreign exchange market, and the stock market slowed down. Investors are looking forward to Wednesday evening when the Fed's economic forecasts will be updated and the results of the two-day meeting will be announced. The market is still looking to the future with caution, suggesting an imminent reduction in stimulus measures.
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On Friday, the dollar index resumed its growth on the back of positive macroeconomic data and rising Treasury yields. The latter consolidated above 1.60% after the publication of PPI data. US producer prices rose the most in February since October 2018 which is a testament to rising inflation in the manufacturing sector as the country begins to emerge from the pandemic.
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On Thursday, the results of the ECB meeting somewhat disappointed investors. Promises to increase the speed of assets purchases don’t indicate an increase in the final volume of the program for 1.85 trillion euros. If the monetary regulator increases the speed of purchases in the next three months, then the volume may decrease. Against this background, the euro reduced the losses incurred in the European session, and by the end of the day increased by 0.47% to 1.1985.
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After a four-day rise of the dollar, the foreign exchange market began to show a correction tendency. Against the backdrop of falling oil prices, the government bonds yield declined. American Treasuries stabilized near 1.55%, which led to a slight pullback of the dollar index. At the same time, the 2-year US bonds yield is indicating an upward tendency, remaining slightly above 0.15%.
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Friday's labor market report showed an increase in the nonfarm payrolls by 379,000 people, where there were 465,000 people more in the private sector, while the number of civil servants fell by 86K. There was an increase in the number of workplaces by 90,000 in catering, retail, health care, and manufacturing. The number of people working in the foodservice increased by 286,000, which is the largest increase since July.
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On Tuesday, the statements of Fed member Lael Brainard about the recent rise in government bond yields were considered as the main event of the day. According to her, the speed of the situation development is attracting attention, and she will be concerned if there is a constant tightening of financial conditions, which might slow down the economic growth.
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On Monday, the foreign exchange market lost Friday’s synchronicity. If the European currencies were decreasing against the dollar, commodities were growing. Nevertheless, the dollar index was close to the daily moving average SMA 100 at 91.30. The market is keeping a close eye on this mark, as in the case of fixing the indicator above, there will be a signal to the market reversal.
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There was a little bit of concern in the market on Wednesday. The dollar index skyrocketed to 90.40 amid the suspension of transactions in the Fed. Payment systems that execute millions of financial transactions per day have been shut down for about four hours due to some kind of a glitch. By the end of the day, the systems were restored, and the dollar returned to the opening price of the day and continued to decline.
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Two months ago, the market didn’t expect the return of central banks to tightening policy at all. But the Bank of England provoked a tipping point earlier this month after politicians expressed optimism about the British economy. It is expected that the acceleration in vaccinations will lead to a rebound in growth after the worst economic recession in more than 300 years.
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January retail sales in the United States grew at the fastest pace in seven months, which was well above economists' estimates. According to the Ministry of Commerce on Wednesday, the total sales volume increased by 5.3% against a 1% decline in December. The median estimate of the economists' survey predicted an increase in retail sales by only 1.1%.
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The global rally of shares continued during the Asian session on Tuesday. The S&P 500 surpassed 3950. Japan's Nikkei 225 increased by almost 2%, fixing above 30,000, and has a leading position of growth in Asia. Bonds price, as a defensive asset, continues to fall amid hopes that the distribution of the Covid-19 vaccine will help to accelerate the global economic recovery.
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A sudden change in the weather in Texas was a surprise for traders. An arctic cyclone sweeping some areas of the US threatens to restrict supplies from one of the world's leading oil producers. West Texas Intermediate crude oil futures increased by 2.5% and surpassed $60 a barrel for the first time since January last year.
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The shares rally was paused on Thursday and declined on Friday morning. One of the reasons was the lack of progress in the Brexit negotiations. The country's withdrawal from the EU was 6 weeks ago, but it hasn’t been possible to resolve a dispute regarding a trade with Northern Ireland so far. On Thursday, four-hour negotiations came to nothing again. The sterling declined together with Gilts.
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On Tuesday and Wednesday, there is a continuation of the rally in the stock markets. The S&P 500 index reached the level of 3200 in the Asian session, while the credit market remained calm. In the absence of an important news background and a slight pullback in oil prices, Treasury yields are stable at 1.60%.
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The latest US labor market data was disappointing, nonfarm payrolls increased just by 49,000 in January, which is below the average growth estimate of 105,000. The revised indicator for December was even worse, with the Labor Department reporting that the world's largest economy lost 227,000 workplaces compared with a cut of 140,000 earlier.
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On Wednesday, ISM pleased market participants with data from the service sector. Business activity accelerated growth to 58.7 in January from 57.7 in December last year, beating the market forecast of 56.8. The numbers point to the strongest growth in the services sector since February 2019. New orders showed the best dynamics (61.8 versus 58.6), and employment returned to growth after contraction (55.2 versus 48.7).
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The beginning of February for the markets may start with a slight disappointment regarding the global economic recovery. China's Caixin Manufacturing Index slowed in January, falling to a seven-month low of 51.5 when the forecast was 52.7. Production and new orders were growing at a slower pace, while export sales decreased for the first time in six months as COVID-19 resumes worldwide.
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Consumer confidence in the US rose in January as Americans became more optimistic about the outlook for the economy and labor market amid expectations of a further bailout. The Conference Board sentiment index rose slightly to 89.3 from a revised one of 87.1 in December.
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With the extension of state aid, the UK labor market showed more resilience than expected. Although the negative tendency prevails, it is not as severe as experts had predicted. The Office for National Statistics claims that the unemployment rate rose by 5% in the country during this period, the highest level since 2016. The economists predicted its growth at a level of 5.1%. Job losses comprised 88,000, the lowest mark since July. The total number of people who have lost their jobs since the start of the crisis is 828,000.
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Preliminary data in the PMI report from IHS Markit showed a slowdown in the German manufacturing sector to 57 in January, the lowest in 4 months. The numbers turned out to be slightly lower than the forecasts of 57.5 but they still indicate a steady increase. The industrial production index remained in the positive zone, although it fell to a five-month low, as the volume of orders decreased.
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On Tuesday, the ZEW Institute released data on economic expectations, which showed the growth after a strong decline since October last year for the second consecutive month. The index for Germany was the strongest. Expectations rose by 6.8 points to 61.8, slightly above market expectations of 60.0. The outlook for the German economy has improved amid rising export expectations and despite the uncertainty caused by tightening social restrictions due to the pandemic. About 71% of surveyed economists expect an improvement in economic activity in the coming months, 9% expect a continuation of the decline in the future, and 20% left their estimates unchanged. The current economic situation remains in the negative zone at -66.4.
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The main news at the end of last week was the data from the US retail sector. Sales dropped sharply despite the holiday shopping period. The pandemic has forced stores to close and discourage consumers from spending more. Total retail sales fell by 0.7% in December. The benchmark also came out negative at the level of -1.4% versus -0.1% that was expected by economists. The control group goods showed a 1.9% drop in sales, pushing preliminary estimates of economic growth in the fourth quarter down.
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On Thursday, the market was awaiting details of Joe Biden's plan for economic aid. The emergence of detailed information has not yet been able to inspire investors to buy risky assets. The plan includes a new wave of household spending by increasing direct payments. It also provides for an increase in unemployment benefits and the amount of funds for state and local authorities, as well as an expansion of vaccination programs and testing for coronavirus. The need to establish a federal minimum wage of $15 per hour and strengthen protection against eviction of citizens from occupied housing in case of impossibility of payment is indicated.
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It looks like the market has taken a break ahead of European economic growth numbers, which will be released on Thursday. Germany has a rather sluggish start in 2021, and the numbers have deteriorated significantly since November 2020. Job losses have accelerated. If in November it reached -17%, then in early January the numbers show -52.3%. The volume of trade and entertainment services fell by 63%.
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The yield on 10-year bonds continues to rise and gradually renews highs. On Friday, US Treasuries, for a moment, reached 1.122%, which is the best indicator since February last year. US 2-year bonds peaked on December 9th. The growth catalyst was the data on wages. If such positive dynamics continue, the market will question the feasibility of keeping low interest rates for a long time by the Fed.
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The market opening after the holidays looks somewhat alarming. S&P 500 futures demonstrates growth against the background of a surge in oil prices, but other parts of the market indicate that investors are looking for defensive assets. Bond yields are decreasing and gold moved sharply to growth. The mining companies and energy sector are the growth leaders.
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Despite the ongoing pandemic, the year on the stock exchanges is ending near historic highs. Bullish sentiment has lifted risky assets this year to unexpectedly high valuations on the expectation that vaccinations in 2021 will resume economic growth and boost corporate profits, amid unprecedented stimuli. The MSCI World Global Stock Index ended up growing 14% for the full year of 2020.
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Stock markets continue to grow amid approval of the Covid-19 vaccine developed by AstraZeneca and the University of Oxford. This move will help the UK to increase vaccinations from Monday next week. Another positive news is the support for British Prime Minister Boris Johnson from the Conservative Party. On Tuesday, party officials said that the deal "upholds UK sovereignty" and requested the House of Commons to vote in favor of it.
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After the stock indexes stopped growing on Friday, the situation with risky assets worsened later on Monday. After the discovery of a new strain of the Covid-19 virus in the UK, which – the British authorities claim – is spreading 70% faster and out of control, investors have begun to flee to defensive assets. The main blow will again fall on the tourism sector and airlines. Thousands of flights are canceled.
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The number of Americans first-time filing for unemployment benefits was down last week, but remained extremely high amid widespread business restrictions to slow the rising tide of new COVID-19 infections and a lack of additional financial incentives.
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Around $39.8 billion was invested in emerging markets equities, which is the second largest monthly cash inflow to this asset class that has ever been on record, where China’s earning is around $7.9 billion.
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The EU chief negotiator Michel Barnier said that significant differences remain between the European Union and the UK regarding the fishing industry, government aid, and future dispute resolution procedures in the negotiations on a trade agreement.
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The Italian government is asking the European Union to discharge its debts accumulated during the pandemic. The ECB needs to change the priorities in monetary policy and start stimulating the economy, one of the measures may be the cancellation of government bonds redeemed by the regulator or repeated prolongation of a term of their extinction. Due to the coronavirus pandemic, the budget deficit of the eurozone countries has increased sharply.
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The minutes of the FOMC meeting were published yesterday. Most Fed leaders believe that the pace of improvement in the labor market will be moderate. There is concern that households with low and average income levels will need to sharply cut spending in the unavailability of further fiscal support from the authorities.
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Yesterday, Fed Chairman Williams said that he expects strong business growth next year. This will be facilitated by the vaccination of the population and the weakening of quarantine restrictions. It was also emphasized that the US economy has already begun to recover, although its decline was very deep.
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Economic activity in the Eurozone has fallen sharply in November as renewed restrictions forced many companies in the service sector to close temporarily. The EU Brexit negotiator said on Monday that big differences persisted in trade negotiations with the UK, but both sides were pushing for a deal.
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On Friday, Fed President of Dallas, Robert Kaplan, said that he expected a slowdown in US economic growth. The coronavirus pandemic contributes to this. He stated that the end of the fourth quarter of 2020 and the first quarter of 2021 would be challenging for the United States.
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British Prime Minister Boris Johnson questioned whether a trade deal with the European Union would be reached. Countries are working hard to find solutions that fully respect UK sovereignty, but there is no certainty that an agreement will be possible. It is worth following the rhetoric by the authorities on this issue further, and trading assets with the EUR, GBP more carefully.
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Investors are still focused on the situation concerning the coronavirus and the vaccine against it. The dollar fell yesterday after Moderna Inc. reported positive test results for a COVID-19 vaccine. Despite concerns about resuming global COVID-19 cases, investors hope that a current vaccine could save the global economy. This contributed to a rally in stock markets, weakening the dollar.
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Last week, the greenback strengthened significantly against the basket of world currencies. The demand for risky assets is still low. The US presidential election is in the spotlight. Financial market participants also expect the meetings of the Reserve Bank of Australia, the Bank of England, the Fed and the report on the US labor market for October. Oil quotes continue to show a negative trend.
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The greenback continued its growth against the basket of world currencies. The US currency was supported by an optimistic report on US GDP. The ECB has kept interest rates at the same level. The regulator signaled the introduction of additional financial incentives by the end of the year. We expect economic releases from Germany, the Eurozone and the US. Positions should be opened from key levels.
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The US dollar continues to strengthen against a basket of world currencies. The demand for risky assets is still low amid the rapid spread of the COVID-19 epidemic. Today, the ECB meeting will be the key event. Traders will also assess a number of important US economic releases. Oil quotes show a negative trend.
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The US dollar shows ambiguous results against a basket of world currencies. Investors have taken a wait-and-see attitude before the US presidential election. The new wave of COVID-19 continues to impact the global economy negatively. Financial market participants also expect meetings of the Bank of Canada, the Bank of Japan and the ECB. Today, traders will be focused on economic releases from the US.
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The greenback shows ambiguous results against its main competitors. Investors are focused on the final stage of the election race between Donald Trump and Joe Biden. The growth in the number of COVID-19 cases in the US and Europe has caused a sharp decline in the demand for commodities. Oil quotes have been declining.
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The greenback has become stable against a basket of world currencies. The demand for US currency is still quite low before the US presidential elections. US House Speaker Nancy Pelosi reported on progress in negotiations with the White House on a new stimulus package. Oil quotes are consolidating.
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The greenback has been declining against a basket of world currencies. The demand for risky assets has grown significantly amid optimism about a new stimulus package in the US. Financial markets are still under pressure due to the rapid spread of the COVID-19 epidemic. The Reserve Bank of Australia does not rule out the introduction of additional monetary incentives. We expect economic releases from Canada and the US.
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The greenback shows a variety of trends against its main competitors. Investors are still focused on the coronavirus pandemic and negotiations on new economic stimulus in the US, as well as the situation concerning Brexit. Oil quotes are consolidating. We recommend paying attention to the speeches by the heads of the ECB and the Fed.
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The US dollar shows ambiguous results against major competitors. Financial market participants continue to follow the negotiations in the US Congress on a new stimulus package. The demand for the British pound has grown sharply following reports that Brussels and London may extend the Brexit talks. European stocks have collapsed amid the rapid spread of the COVID-19 epidemic.
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The greenback does not show a defined trend against its main competitors. Negotiations on a new stimulus package in the US are still in the spotlight. The People's Bank of China said it would cut the reserve requirement ratio for financial institutions. We expect important economic releases from the UK, Germany and the US.
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The greenback continues to show ambiguous results against its main competitors. Financial market participants continue to monitor the progress of a new stimulus package for the US economy. The second wave of the coronavirus pandemic has come to the fore again. Oil quotes have been declining. We expect data on the labor market in Canada.
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The US currency shows a variety of trends against its main competitors. Financial market participants assess the US president's controversial comments on the new stimulus package. ECB President Christine Lagarde said that the ECB would not abandon stimulus measures. Oil quotes have been growing.
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The US dollar is weakening against a basket of currency majors amid Donald Trump's health concerns. The demand for the pound has been resumed amid positive Brexit news. The RBA, as expected, kept the key marks of the monetary policy at the same level. Oil quotes are consolidating.
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The greenback shows a variety of trends against its main competitors. Investors assess the results of the debate. Representatives of the US Congress continue to discuss a new package of measures to stimulate the economy. Oil quotes are declining. We expect the release of important economic reports.
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The US currency is consolidating against a basket of currency majors. Democrats in the US House of Representatives have started working on a new stimulus package to combat the coronavirus. The ECB considers the COVID-19 epidemic as a major source of uncertainty for the global economy. We expect economic reports from the US.
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The US dollar has strengthened against its main competitors. The demand for safe assets is still high due to the renewed increase in the incidence of COVID-19. The Central Banks of New Zealand and Switzerland, as expected, kept the key marks of monetary policy at the same levels. We expect important economic reports from the US.
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Investors are concerned that an increase in COVID-19 cases and a downturn in enthusiasm for new stimulus in the US could impede global economic recovery from the coronavirus pandemic. Today, speech by the head of the Fed Chairman Jerome Powell is in the spotlight. The "black gold" prices are consolidating.
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The US dollar is consolidating. Investors have taken a wait-and-see attitude before the Fed meeting. Yesterday, optimistic data on the UK economy were published. Yoshihide Suga was appointed to the post of Prime Minister of Japan.
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During yesterday's trading session, the greenback showed a variety of trends against the basket of world currencies. The ECB, as expected, kept the key marks of monetary policy at the same level. The Central Bank has published optimistic economic forecasts. The British pound is still under pressure. We expect a report on inflation in the US.
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Yesterday, currency majors strengthened their positions against the US dollar. The ECB meeting is in the spotlight. The Central Bank is expected to keep the key marks of monetary policy unchanged. Investors will also assess important US economic releases. Oil quotes have been declining again.
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The US dollar has continued to rise against the basket of world currencies. The dollar index has updated local highs. The single currency has been declining after the comments by the ECB chief economist. Oil quotes show a negative trend. Today, we expect the publication of important economic reports from the Eurozone, the UK and the US.
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The greenback has become stable against its main competitors. The dollar index (#DX) has updated local highs and closed in the green zone. Australia’s economy has entered a recession for the first time in 30 years. We expect important economic releases from the US. Oil quotes are consolidating.
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The US dollar has been declining against a basket of currency majors after the Fed Chairman Jerome Powell said that the Fed had approved a new monetary policy strategy. The tension between the US and China continue to escalate. Oil quotes are consolidating. We expect a report on Canada's GDP.
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The US dollar is consolidating against a basket of currency majors. Investors have taken a wait-and-see attitude before the speech of the Fed Chairman Jerome Powell on Thursday at a conference in Jackson Hole. The US currency is supported by the fact that both the US and China are committed to their trade deal. Oil quotes have been growing. We expect important economic releases from Germany and the US.
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The US dollar has been growing against a basket of currency majors after the FOMC minutes were published. Central Bank officials believe that the US economy will need additional financial stimulus, but the deadline is still undefined. The "black gold" prices are declining. We expect important economic reports from the US and the Eurozone.
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The US dollar is declining against a basket of currency majors. The US dollar index has updated two-year lows and closed in the red zone. The US currency is still under pressure due to uncertainty concerning the new stimulus package for the country's economy. Investors expect the FOMC minutes. Oil quotes have been declining.
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The US dollar is declining against a basket of currency majors due to uncertainty concerning the new package of measures to help the US economy. The dollar index has updated local lows. Japan reported that the country's GDP fell by 7.8% in the second quarter. Oil quotes have been growing.
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The US dollar shows ambiguous results against a basket of currency majors due to the uncertainty concerning the new package of measures to help the US economy. China has published weak economic releases. Oil quotes are consolidating. We expect important economic reports from the Eurozone and the US.
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The US dollar has been declining again relative to a basket of currency majors. White House officials and Congressional Democrats have promised to work “around the clock” until they reach a deal on new measures to help the economy. Oil quotes show a positive trend. We expect important economic releases.
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The US dollar has become stable against a basket of currency majors. However, it seems to be a technical correction due to a recent prolonged decline. The overall trend is still weak as investors are concerned about a slowdown in the US economic recovery due to the COVID-19 pandemic. Oil quotes have been declining.
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The greenback has become stable against its main competitors. The dollar index is testing local lows. Investors assess the Fed meeting. The regulator, as expected, kept the key marks of monetary policy at the same level. Financial markets are still under pressure due to the coronavirus pandemic. We expect preliminary data on US GDP.
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The US currency continues to lose ground against a basket of world currencies. The dollar index has updated key lows. The demand for the US dollar is still low. At the moment, the greenback is stable. Financial market participants have taken a wait-and-see attitude before the Fed's decision.
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The dollar index has updated its key lows again. At the moment, the US dollar is stable. Financial market participants have started partially fixing their positions before the Fed meeting. Senate Republicans have presented a $1 trillion stimulus plan for the economy. Oil quotes continue to consolidate.
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The US dollar shows a negative trend against its main competitors. Financial market participants expect the Fed meeting this week. Investors are still concerned about the coronavirus pandemic and its impact on the global economy. Gold prices have reached historic highs. Today we expect important economic reports from the US.
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The US dollar continues to weaken against a basket of world currencies. The dollar index (#DX) has updated local lows and closed in the red. Financial market participants' concerns about the COVID-19 epidemic have escalated again. We expect important statistics from Canada and the US. Oil quotes show a negative trend.
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The greenback has been declining against a basket of world currencies. The demand for risky assets has strengthened amid progress in the development of a COVID-19 vaccine. EU leaders have agreed on a plan and budget for economic recovery in the region. Oil quotes have been growing.
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On Friday, the US dollar index has updated local lows and closed in the negative zone. Investors are still concerned about an increase in the number of people infected with COVID-19. The EU summit in Brussels, where the leaders of the countries discuss the bloc's budget for 2021-2027 and an anti-crisis economic recovery plan, is in the spotlight. The central bank of China left its key rate unchanged for the third month in a row.
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The greenback shows a variety of trends against the basket of currency majors. Financial markets are still under pressure due to an increase in the number of COVID-19 cases. The number of infected has almost reached 13 million people around the world. Oil quotes are consolidating.
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Greenback has started declining relative to currency majors. The dollar index has updated local lows. The coronavirus epidemic remains in the focus of investors' attention. The United States has recorded a new world record for COVID-19 infections. The UK government has introduced a new plan to support the country's economy. Oil quotes are consolidating.
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Greenback shows multidirectional dynamics relative to a basket of world currencies. Investors remain concerned about new outbreaks of COVID-19. The number of people infected around the world has reached 11.5 million. Today, investors' attention will be focused on the ISM Non-Manufacturing Purchasing Managers Index for the US. Purchases prevail in the black gold market.
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The US currency moves in different directions against the basket of majors. Investors are still concerned about the start of a new wave of the coronavirus epidemic. The bullish sentiment prevails in the "black gold" market. Today, the FOMC meeting minutes are in the spotlight. We also expect important economic releases.
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The greenback holds current positions relative to a basket of world currencies. The growing number of COVID-19 infections has led investors to doubt in the V-shaped economic recovery that markets are waiting for. The demand for risky assets has weakened significantly. The "black gold" prices are consolidating.
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The US dollar is declining against currency majors. Investors continue to monitor the growth rate of infected with COVID-19, as well as the settlement of the trade conflict between the US and China. The Washington administration announced the development of a new $1 trillion stimulus package. We expect the publication of important economic releases.
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The US dollar is being traded in different directions against a basket of currency majors. Financial market participants are concerned about the second wave of the COVID-19 epidemic. The Fed Chairman made ivestors upset with a statement that markets are unlikely to count on a quick recovery in the global economy. We expect important economic releases.
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Investors' sentiment has been improved slightly after the Fed announced the start of a massive purchase of US corporate bonds. Investors still concern about the second wave of COVID-19. Oil quotes have been growing again. We expect the speech by the Fed Chairman.
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Since the end of last week, the US dollar has been growing against a basket of currency majors. Demand for risky assets has significantly weakened amid investors' concerns about a possible second wave of coronavirus. British authorities have officially announced that they would not seek an extension of the Brexit transition. Oil quotes have continued to decline.
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During yesterday's trading session, the greenback strengthened significantly against a basket of world currencies. Major stock indices and "black gold" prices have fallen sharply. Financial market participants are concerned about the second wave of COVID-19 outbreak. The UK has published pessimistic economic releases.
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During yesterday's trading session, the US currency fell again relative to a basket of currency majors. The Fed, as expected, kept the key marks of monetary policy at the same level. Oil quotes have been declining. We expect important economic releases from the US.
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The US dollar has continued to decline against its main competitors. The single currency has been growing relative to a basket of currencies after the ECB meeting. Currency majors are currently consolidating. Investors expect the publication of reports on the US and Canadian labor markets.
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The US dollar has continued to decline against a basket of currency majors. The conflict between the US and China is still in the spotlight. Investors have taken a wait-and-see attitude before today's ECB meeting. Yesterday, the Bank of Canada left the key interest rate unchanged at 0.25%. Oil quotes have been declining.
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The dollar index has updated local lows. Financial market participants continue to monitor the conflict between the US and China, as well as mass protests in the United States. The demand for risky assets is still high. The Reserve Bank of Australia has kept the key marks of monetary policy unchanged.
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Last week, the US dollar weakened significantly against a basket of world currencies. The conflict between Washington and Beijing is still in the spotlight. Currency majors are currently consolidating. Financial market participants expect meetings of the Reserve Bank of Australia, the Bank of Canada, the ECB, as well as the US labor market report for May. Oil quotes have become stable after a significant rally.
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The greenback has weakened against its main competitors. The US continues to publish rather weak economic releases. Washington-Beijing conflict is still in the spotlight. Tensions between the two countries are escalating due to China's national security laws for Hong Kong. Oil quotes have been declining. We expect the speech by the Fed Chairman, as well as the publication of important economic reports.
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The dollar index closed in the positive zone. The tension between the United States and China is in the spotlight after China announced its intention to consider the Hong Kong national security law. White House officials, in turn, said that the law could lead to US sanctions. The single currency is under pressure after the release of the last ECB meeting account.
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The US dollar has strengthened again relative to a basket of currency majors after comments by the Fed Chairman. The official said that the interest rate is unlikely to be transferred to the negative zone. Aussie came under pressure after the release of a weak report on the Australian labor market. Oil quotes show a positive trend.
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The United States published ambiguous statistics on the labor market for April. Currency majors have shown a multidirectional response to this report. The greenback is under pressure due to tension in relations between the US and China. The "black gold" prices have fallen again. Today, the publication of economic reports is not expected.
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The greenback has strengthened against a basket of major currencies. The US dollar index has updated local highs. US President Donald Trump accuses China of negligence, which led to an outbreak of coronavirus worldwide. The “black gold” prices are rising amid hopes for a recovery in demand when the restrictions imposed due to the COVID-19 epidemic are lifted.
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The dollar index has moved away from local highs. The coronavirus epidemic is still in the focus of attention. Countries are developing plans for the gradual resumption of their economies. The Bank of Japan kept interest rates unchanged. Oil quotes have been declining again.
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The US dollar has continued to grow against a basket of major currencies. The greenback demand is still high. Oil quotes gradually win back the losses incurred since the beginning of the week. Today, a videoconference of EU leaders will take place, where they will try to identify EU steps in overcoming the consequences of the coronavirus pandemic. We expect important economic releases.
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The US dollar has risen again relative to a basket of major currencies. Demand for safe assets is still high in the context of the coronavirus epidemic spread. The Australian dollar has been growing after the publication of positive economic releases. Oil quotes have collapsed again.
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The US dollar rose against a basket of major currencies. The US dollar index updated local highs and closed in the positive zone. This week, experts expect the EU summit, where measures to fight the effects of coronavirus will be discussed. The "black gold" prices are recovering slightly after a sharp drop.
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The US continues to publish weak economic releases. At the same time, the demand for greenback is still high. China's GDP has declined for the first time since 1992. There are aggressive sales in the "black gold" market. We expect data on inflation in the Eurozone.
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The US dollar strengthened against a basket of world currencies despite weak economic releases. The demand for risky assets is still low. The Bank of Canada left the key interest rate unchanged at 0.25%. The "black gold" prices have been growing.
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The US currency has been declining relative to its main competitors. China published optimistic trade balance data. The Fed and the US Congress, in turn, "have precluded the prospect of a complete economic collapse." Oil quotes have fallen again.
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The US dollar continues to lose ground relative to major competitors. The COVID-19 epidemic continues to impact on the global economy negatively. The Japanese currency is strengthening for the fourth day in a row amid continued demand for the "safe haven" assets. Today, the publication of important news is not expected. Most financial markets are closed due to the Easter holidays.
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The dollar index closed in the green zone again. Greenback demand is still high despite weak labor market data for March. Investors are concerned about the coronavirus epidemic. The British Prime Minister was hospitalized for examination due to persistent symptoms of COVID-19. The "black gold" prices have been declining.
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The dollar index closed in the green zone. The total number of jobless claims over the past three weeks has exceeded 10 million, which is a record high in history. Today, investors will assess the US labor market report for March. The "black gold" prices have shown a record increase recently.
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Investors began trading currencies, which are considered more reliable. The COVID-19 epidemic continues to impact the global economy negatively. The US President said that the US have to endure "painful two weeks" in the fight against COVID-19. Oil quotes are recovering.
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The greenback has recovered part of the losses relative to its main competitors. Currency majors are currently consolidating. Financial market participants continue to assess the impact of the COVID-19 pandemic on the global economy. The loonie is still under pressure after a significant collapse in oil prices. Investors expect a report on the US labor market for March. The 10-year US government bonds yield has moved away from multi-year lows.
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The coronavirus pandemic is still in the spotlight. The US dollar fell again relative to a basket of major currencies. Donald Trump signed a bill, granting financial support to the US economy in the amount of $2 trillion. The US President also extended quarantine until the end of April. Oil quotes are consolidating. We expect statistics from the US.
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Greenback continues to lose ground against major competitors. The US Senate supported the $2 trillion bill. The Bank of England meeting and the report on the initial jobless claims in the US are in the spotlight. Oil quotes are consolidating.
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The dollar index has updated local lows. US authorities have agreed on an incentive package to mitigate the economic impact of the coronavirus outbreak. China reported a decrease in the number of newly confirmed cases of infection. The "black gold" prices are growing.
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Greenback has stabilized against a basket of world currencies. Investors continue to assess the risks of the COVID-19 spread. China has recorded a decrease in the number of new cases of coronavirus during the day. The "black gold" prices have fallen again. Today, the publication of important news is not expected.
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Currency majors have become stable. Investors' sentiment improved slightly. The US continues to introduce new stimulus measures to support the economy during a pandemic. The Bank of England urgently lowered its base interest rate again. The "black gold" prices have been growing.
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The spread of the COVID-19 virus is still in the spotlight. The dollar index closed in the red zone. The U.S. Presidential Administration urged the Senate to urgently support the Coronavirus Assistance Plan, approved by the House of Representatives. The "black gold" prices continued to fall. We expect the publication of important economic releases from the UK, Germany and the US.
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Yesterday, the US Federal Reserve System urgently reduced the base interest rate to zero and announced the launch of a large-scale program of quantitative easing. A number of countries around the world have announced a stricter regime as methods of combating a pandemic. China's economy has shown the worst figures over the past 30 years. The "black gold" prices continued to fall.
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The US dollar is recovering against a basket of major currencies. The Fed tried to stop the market collapse by offering short-term loans $1.5 trillion worth. In turn, investors also expect another reduction in the Fed interest rate. The ECB approved fresh incentive measures and temporarily reduced capital requirements for banks. The "black gold" prices are recovering after a significant collapse at the beginning of the week.
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Donald Trump announced a 30-day ban on trips to the US from Europe. In turn, Australia reported incentive measures $11.4 billion worth. The Italian government has announced that mortgage payments will be suspended. The "black gold" prices continued to fall.
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Investors are counting on coordinated support measures from the largest economies in the world. Financial market participants also expect the US Federal Reserve to cut interest rates next week. The "black gold" prices are consolidating.
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During yesterday's trading session, most markets collapsed. Today, instruments have been recovering slightly. Investors are concerned about the consequences of coronavirus. We recommend monitoring the current information.
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The US dollar continues to lose ground against a basket of major currencies. The US currency is still under pressure amid the prospects for a further reduction in the Fed interest rates. At the moment, financial market participants have taken a wait-and-see attitude before the publication of the US labor market report for February. Oil quotes have been declining again.
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The US dollar continues to lose ground against a basket of major currencies. The US Federal Reserve System unexpectedly lowered its key interest rate by 50 basis points. Investors remain focused on the coronavirus.
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The dollar index closed the trading session in the red zone. The US dollar is still under pressure amid rising expectations that the Fed will lower interest rates. Investors continue to monitor the spread of coronavirus outside of China. Reserve Bank of Australia cut key interest rate. Oil quotes continue to recover.
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World Central Banks plan to cut interest rates to protect the economy from the effects of the virus. Beijing has reported a decrease in the number of new cases of coronavirus infection. Oil quotes have been recovering. We expect important economic releases from Germany, the UK and the US.
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The US dollar is declining relative to a basket of major currencies. Investors are concerned about the further spread of coronavirus from China. Now financial market participants are almost certain that the US Federal Reserve will cut its interest rate next month. The "black gold" prices have continued to decline. We expect important statistics from Germany and Canada.
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Greenback has been declining. The dollar index closed in the negative zone. The epidemic in China is still in the focus of investors' attention. The US is pleased with the measures taken by China as part of the first phase of its trade agreement. Oil quotes continue to show negative dynamics. We expect important statistics from the US.
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The US dollar is stable against currency majors. The Chinese virus is still in the focus of attention. The spread of Covid-19 outside of China is of great concern to investors. Oil quotes are consolidating after a significant fall the day before. We expect economic reports from the US.
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The dollar index updated local lows. The epidemic in China is still in the focus of investors' attention. This week, financial market participants will follow the statements by Fed officials. The "black gold" prices are declining. We expect economic reports from Germany.
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Greenback continues to strengthen against a basket of world currencies. Support is provided by positive economic releases from the US. The Japanese yen fell to lows in two and a half years. The epidemic in China is still in the spotlight. Oil quotes have been declining. We expect important economic reports.
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The dollar index closed again in the positive zone. Greenback demand is still high. Financial market participants assess FOMC minutes. Oil quotes continue to recover. We expect important economic releases.
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The dollar index has stabilized. The epidemic in China continues to put pressure on financial markets. RBA plans to keep interest rates at a record low level. Oil quotations went down again. We expect important statistics from UK and Germany.
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The dollar index is consolidating. Investors assess the risks of further spread of the epidemic in China. Japan has published weak data on the country's GDP. Oil quotations are rising. No important news is expected to be published today. The financial markets of the USA and Canada are closed due to the holidays.
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The dollar index is testing local highs. The euro has updated two-year lows against the US currency. The British pound has been growing. Oil quotes continue to recover. We expect important statistics from the Eurozone and the US.
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The US dollar continues to grow against a basket of major currencies. Demand for the greenback is still high. Yesterday, the US Senate acquitted President Donald Trump on both counts of impeachment. Coronavirus from China is in the focus of investors' attention. Oil quotes have been growing.
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Investors assess the results of the Fed meeting. The European Parliament has given Brexit the last necessary approval. Today, the Bank of England interest rate decision will be the key event. We also recommend paying attention to economic reports from Germany and the US. Oil quotes continue to show negative dynamics.
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On Wednesday, the Hong Kong government announced that it would limit transportation from the continent to prevent further spread of the virus. Today, the European Parliament should ratify the agreement on Britain's exit from the EU. The "black gold" prices have been growing.
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The dollar index has updated local highs. Financial markets are still under pressure due to concerns about the effects of coronavirus. Demand for safe-haven currencies remains at a high level. Oil quotes have become stable. We expect important economic reports from the US.
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The dollar index updated local highs. Investors assess the risks of the further spread of coronavirus in China. Oil quotes continue to show negative dynamics. We expect the release of important statistics from Germany and the US.
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The dollar index shows a variety of trends. Loonie weakened after the Bank of Canada meeting. Investors expect the ECB meeting. We recommend paying attention to the comments by representatives of the Central Bank. Oil quotes are declining.
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The dollar index has updated local highs. The potential for further growth remains. The British pound is declining due to weak economic statistics. Oil quotes show a variety of trends. Today, the publication of important economic news is not expected. US financial markets are closed due to the holiday.
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The greenback is being traded stably against major competitors. Financial market participants expect the signing of an interim trade agreement between Washington and Beijing. The British pound is under pressure after the release of weak economic releases. Oil quotes have recovered part of the losses. We expect inflation data in the US.
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The dollar index is testing local highs. Investors assess the US labor market report for December. Financial market participants expect the completion of the trade deal between the US and China. Oil quotes are consolidating.
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The day before, US President Donald Trump responded to Iranian attacks on US forces in Iraq with sanctions, not military measures. Optimistic economic data from the United States supported the US currency. The "black gold" prices have fallen.
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Support for the US currency was provided by clarity in trade relations between the USA and China. The economic data from the US was mixed. Prices for oil are getting higher due to the instability in the Middle East.
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The US dollar is losing ground against a basket of world currencies. Investors began to partially fix positions in the US dollar. Demand for risky assets resumed amid prospects for a settlement of the trade conflict between Washington and Beijing. Major US stock indices have set new historical highs. Today, the publication of important economic releases is not planned.
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The dollar index has moved away from local lows. The US published a rather optimistic report on the country's GDP. China plans to cut duties on imports of goods from January 1, 2020. Oil quotes have been declining. We expect important statistics from the US and Canada.
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The dollar index has become stable. Investors are concerned about the risks of Donald Trump’s impeachment. The Bank of Japan left the key marks of monetary policy unchanged. We expect the Bank of England meeting. Financial market participants will also assess important economic reports from the US. Oil quotes are consolidating.
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The US dollar has become stable against a basket of world currencies. The British pound has been declining. Oil quotes are consolidating. Market participants expect important economic reports from the UK and the US.
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The dollar index shows negative dynamics. US Trade Representative Robert Lighthizer said the phase one US-China trade deal has been completed. Demand for the British pound is still high. Today, investors will assess important releases on economic activity.
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The US dollar is declining after Fed pessimistic comments. As expected, the regulator left the interest rate unchanged. Today, early parliamentary elections are held in the UK. Oil quotes are consolidating.
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The US dollar does not change a lot against a basket of major currencies. Investors are waiting for the Fed meeting to be held tomorrow. Investors expect additional drivers. Oil quotes have decreased slightly.
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The US dollar has been growing against a basket of major currencies after the publication of optimistic economic data in the US labor market. Investors expect a vote in the UK that could decide the fate of Brexit. Oil quotes are declining.
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The US dollar is declining amid weak economic statistics and ambiguous statements by D. Trump. The Bank of Canada left the interest rate unchanged. We expect important economic news.
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According to the President's words, he doesn't have a deadline for reaching a trade agreement with China, and perhaps it is better to wait until the end of the US presidential election in November 2020. The British pound strengthened against the US dollar amid the publication of positive economic data. The "black gold" prices are rising.
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The situation concerning Hong Kong has complicated relations between China and the US. China has imposed sanctions on the American non-governmental organization Human Rights Watch. This week we recommend paying attention to economic releases from the Eurozone, the UK, the US and Canada.
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The US dollar has not changed significantly. Investors expect counter measures from China after D. Trump has signed two bills supporting protesters in Hong Kong. The "black gold" prices have risen slightly.
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The US dollar is being traded without significant changes against a basket of currencies. Market tensions have increased due to a new decision by US President D. Trump. Yesterday, the United States published mixed economic data. The "black gold" prices are declining. Today, the publication of important economic news is not expected.
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Last week, the US dollar strengthened significantly against a basket of world currencies. The trade conflict between Washington and Beijing has come to the fore again. Oil quotes show negative dynamics. Today, investors will assess important statistics from the UK.
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The dollar index closed trading session in the green zone. Demand for the US currency is still high. Greenback is supported by the growing prospects for resolving the trade conflict between Washington and Beijing. Oil quotes are consolidating. We expect important statistics from Canada.
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The US dollar has become stable against a basket of world currencies. Investors have taken a wait-and-see attitude before the publication of the US labor market report for October. These statistics may have a significant impact on the Fed's views on further monetary policy adjustment. The "black gold" prices have been growing.
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The dollar index closed yesterday's trading session in the red zone. The Fed cut its key interest rate range by 25 basis points. The central banks of Canada and Japan kept the key marks of monetary policy at the same level. Oil quotes are consolidating. We expect the release of important economic reports.
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The US dollar is being traded without clear dynamics against a basket of currency majors. Investors still follow the US-China trade agreement. British Prime Minister Boris Johnson officially agreed to delay Brexit until January 31, 2020. The "black gold" prices are declining. We expect important statistics from the US.
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The US dollar is changing slightly against a basket of currency majors. The ECB meeting is in the focus of attention. It is expected that the regulator will keep the key marks of monetary policy at the same level. Uncertainty concerning Brexit continues to put pressure on the British pound. The "black gold" prices show positive dynamics.
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Demand for the greenback has resumed amid prospects for the settlement of trade disputes between the US and China. The dollar index closed the trading session in the green zone. Investors expect up-to-date information on Brexit. Oil quotes have been declining. Today, the publication of important statistics is not expected.
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The US dollar has become stable against a basket of world currencies. Investors' sentiment improved amid news of positive developments in US-China talks. Financial market participants continue to monitor the situation concerning Brexit. The "black gold" prices are consolidating. We expect the publication of important statistics from Canada and the US.
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The dollar index has updated local lows. Financial market participants are focused on the settlement of the Brexit process. Oil quotes have been declining. Today, the publication of important economic releases is not planned.
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The US dollar weakened against a basket of major currencies. Demand for the British pound is still high. UK Prime Minister Boris Johnson and EU leaders have agreed on a new Brexit deal. The "black gold" prices show positive dynamics.
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The dollar index has updated local lows. The greenback was under pressure due to weak economic releases. Investors expect news regarding US-China trade relations, as well as the Brexit process. The "black gold" prices are declining. Today, financial market participants will assess important statistics from the UK and the US.
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The US dollar began to recover against a basket of major currencies. Trade negotiations between Washington and Beijing are still in the spotlight. Optimism over the settlement of the Brexit process is weakening. The "black gold" prices are declining. We expect important statistics from the UK and Germany.
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Financial market participants are closely following trade negotiations between the US and China. Demand for the British pound has grown significantly due to the prospects for a settlement of the Brexit process. The "black gold" prices have been growing. We expect labor statistics from Canada.
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Financial market participants assess US labor statistics for September. Trade negotiations between the US and China have come to the fore again. Investors continue to monitor the situation concerning Brexit. The "black gold" prices continue to recover after a significant drop last week. Today, the publication of important economic news is not expected.
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The US dollar continues to weaken against a basket of world currencies. The dollar index (#DX) has updated local lows again and closed the trading session in the red zone. Investors are concerned about the state of the US economy. There are aggressive sales in the "black gold" market. We expect the publication of important economic reports.
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The US dollar weakened against currency majors. The greenback was under pressure after the publication of weak data on economic activity in the US manufacturing sector. The Aussie has reached multi-year lows. The pound is still under pressure due to the uncertainty concerning Brexit. The "black gold" prices have been recovering. We expect important statistics from the UK and the US.
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The US dollar continues to strengthen against a basket of world currencies. The dollar index has updated two-year highs. The demand for the US currency is at a high level. The Aussie collapsed after a meeting of the Reserve Bank of Australia. Oil quotes have been recovering.
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The US currency was under pressure due to weak economic data. Democrats from the US Congress intend to start an investigation into the impeachment of US President Donald Trump. The "black gold" prices continue to decline.
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Currency majors show mixed results. The dollar index is testing local extremes. The euro is under pressure after the release of weak data on economic activity in Germany and the Eurozone. The "black gold" prices have been declining. We expect important economic reports from Germany and the US.
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The dollar index updated local highs. Investors continue to monitor trade negotiations between Washington and Beijing. European Commission President, Jean-Claude Juncker, said that the signing of the agreement between London and Brussels is still valid. Oil quotes have been growing. We expect important economic releases from the Eurozone.
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Yesterday, the regulator lowered its key interest rate by 25 basis points. The Bank of Japan decided on the interest rate. Scotland intends to stay in the EU in case of Brexit. The "black gold" prices have been growing.
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The Fed meeting is in the focus of attention. Financial market participants agree that the Central Bank will reduce the range of key interest rates by 25 basis points. We recommend paying attention to updated economic forecasts and comments by the Fed representatives. Oil quotes have been declining. We expect important economic reports from the UK, the Eurozone and the US.
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Geopolitical risks in the Middle East are still in the spotlight. The demand for commodity currencies remains high. The Australian dollar has been declining after the publication of the RBA meeting minutes on monetary policy. Oil quotes have become stable after the sharp rally the day before. We expect important economic releases from Germany and the Eurozone.
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The growth of oil quotes exceeded 9% after attacks on oil facilities in Saudi Arabia. The demand for commodity currencies has grown significantly. The British pound reached $1.25 amid optimistic Brexit news. Financial market participants expect the Fed and the Bank of England meetings. Today, the news feed will be calm enough.
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Financial markets participants assess the results of the ECB meeting. Demand for "safe haven" currencies is still low enough amid optimistic news on the settlement of trade disputes between Washington and Beijing. Oil quotes show negative dynamics. We expect important statistics from the US.
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Financial market participants are focused on today's ECB meeting. The US and China have taken steps to resolve trade disputes. There are aggressive sales in the “black gold” market. Investors also expect US inflation data.
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Investors evaluate the US labor market report for August. The British pound moved away from local highs. The uncertainty around Brexit remains in the spotlight. A key event in the current trading week will be the ECB meeting.
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The dollar index has updated local highs. Investors continue to monitor the trade conflict between Washington and Beijing. Oil quotes are consolidating. We expect important economic reports from the Eurozone, the US and Canada.
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The dollar index is testing two-month highs. The uncertainty concerning Brexit and the trade conflict between Washington and Beijing are still in the spotlight. We expect important economic releases.
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The US currency is under pressure due to yet another decrease in the 10-year US government bonds yield. Investors are still concerned about tense trade relations between the US and China. The "black gold" prices are rising.
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Investors have taken a wait-and-see attitude. Speech by the Fed's Chairman Jerome Powell at the Jackson Hole Symposium is in the spotlight. Oil quotes are consolidating. We also recommend paying attention to economic releases from Canada.
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According to the minutes, Fed officials abandoned any forecasting of future policies. The regulator will focus on future economic releases. At the same time, US President, Donald Trump, continues to criticize the actions by Fed Chairman, Jerome Powell. The "black gold" prices have moved away from local highs. Today, investors will assess important statistics from the Eurozone.
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The US dollar holds three-week highs against a basket of world currencies. The US-China conflict is still in the focus of attention. Donald Trump has criticized the Fed again. The "black gold" prices are consolidating after growth the day before. Today, the news feed is calm enough.
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US-China trade relations are still tense. We recommend monitoring the current information on this issue. The euro is under pressure after weak economic reports published last week. The "black gold" prices show positive dynamics.
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The dollar index closed the trading session in the red zone. The escalation of the US-China trade conflict is still in the spotlight. Reserve Bank of Australia kept interest rates unchanged. The US government bonds yield has been recovering after a sharp collapse the day before.
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The escalation of the US-China trade conflict is still in the spotlight. Financial market participants assess a report on the US labor market for July. Oil quotes are declining. Today we expect the publication of important economic releases.
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Yesterday, the Fed lowered its key interest rate by 25 basis points for the first time in 10 years. At the same time, demand for the US dollar has grown after comments by the head of the Central Bank. Some reports on the economies of the Eurozone and Canada were published. The "black gold" prices have moved away from local highs.
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The US dollar is changing slightly against a basket of major currencies. The ECB left the key marks of monetary policy unchanged. Investors assess the comments by the head of the Central Bank. The "black gold" prices continue to rise. We expect important statistics from the US.
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The euro is still under pressure before the ECB meeting. Boris Johnson has become the 77th Prime Minister of the UK. Investors are monitoring the situation concerning Brexit. We expect important economic releases. The bullish sentiment prevails in the "black gold" market.
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The US dollar continues to strengthen against the basket of world currencies. Investors expect the results of voting for the post of Prime Minister of Great Britain. We recommend following the development of trade relations of the USA and China.
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The American currency was supported by the weakening of investors' expectations regarding a sharp reduction in the Fed's interest rate. Today, the US-Mexican deal on migrants expires. The "black gold" prices show a positive trend.
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The US dollar weakened against a basket of world currencies. Investors have begun to partially fix positions on the pound. Oil quotes show negative dynamics. Today, investors will evaluate important economic reports from the US.
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Trading activity and volatility in the foreign exchange market declined. Investors expect additional drivers. The British pound is still under pressure due to the uncertainty concerning Brexit. The "black gold" prices are stable.
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The dollar index keeps the current levels. The demand for the US currency is still at a fairly high level. Investors expect the speech by the Fed Chairman. The British pound is under pressure due to the uncertainty concerning Brexit. Oil quotes are consolidating.
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Demand for the US currency has grown significantly after the release of a rather optimistic report on the US labor market for June. The dollar index set new monthly highs. The bullish sentiment is prevailing in the "black gold" market. Today, the news feed is calm.
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Today, US markets are closed due to Independence Day. Investors expect additional clues regarding further Fed’s steps. The US dollar is under pressure due to weak economic data from the US. The bearish sentiment is prevailing in the "black gold" market.
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The US President made concessions to China and refused to further duties increase in order to reduce tensions with Beijing. This week, economic reports from the US will be in the focus of attention. The "black gold" prices have increased.
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The dollar index recovered some of the losses. Investors continue to assess the prospects for lowering the interest rates by the Fed at upcoming meetings. The RBNZ has kept the key marks of monetary policy at the same level. We expect important statistics from the US.
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On Friday, the US dollar continued to decline against a basket of major currencies despite optimistic economic data. The euro jumped to a high in three months amid a decline in the US currency. The "black gold" prices are rising amid tensions between Iran and the US.
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The US dollar has reached a low for three months against the basket of major currencies after the Fed meeting. The Bank of England left the key interest rate unchanged. The "black gold" prices are rising.
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Demand for the US dollar weakened significantly after the Fed meeting. The Bank of Japan left the key marks of the monetary policy unchanged. Today, the Bank of England interest rate decision is in the spotlight. The "black gold" prices are growing.
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At the moment, investors have taken a wait-and-see attitude before the Fed meeting. The British pound is declining due to growing concerns about the fact that Boris Johnson may lead the UK to exit the EU without a deal with Brussels. The bearish sentiment is still prevailing in the "black gold" market.
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Traders have taken a wait-and-see attitude before the upcoming Fed meeting. Weak economic data from China have been published today. The "black gold" prices continue to rise due to increased tensions in the Middle East.
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On Friday, the US dollar fell against a basket of major currencies due to a weak report on the US labor market. The US and Mexico concluded a migration agreement at the end of last week, preventing a tariff war and improving investors' sentiment. The "black gold" prices are rising.
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Financial market participants follow events concerning US trade negotiations with China and Mexico. Also, investors expect a report on the labor market in the US for May. The ECB, as expected, kept the key marks of monetary policy at the same level. The "black gold" prices are rising.
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The dollar index shows negative dynamics. Investors believe that the Fed is ready to consider lowering interest rates, if necessary. The "black gold" prices are consolidating. We expect important economic releases.
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Global trade relations are escalating. The dollar index has been declining. The Reserve Bank of Australia, as expected, lowered the interest rate for the first time in three years from 1.50% to 1.25%. The "black gold" prices are declining due to global risks.
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The escalation of the trade conflict continues. It became known that Beijing intends to use rare-earth metals as a leverage of pressure in the trade war with the US. The Bank of Canada left interest rates unchanged at 1.75%. The "black gold" prices show positive dynamics.
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The US currency is still under pressure due to investors' concern over the escalation of the trade and technological conflict between the US and China. The euro is stable after the Pro-EU parties took two-thirds of the seats in the elections to the European Parliament. The "black gold" prices have been growing.
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The US dollar weakened against a basket of world currencies. The greenback is under pressure due to the trade war and the fall in the US government bond yield. Oil quotes are recovering after a sharp collapse. We expect important economic reports from the UK and the US.
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Demand for the greenback is still high. Investors continue to monitor trade tensions between the US and China. Today the publication of the FOMC meeting minutes will be the key event. Oil quotes show negative dynamics.
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The dollar index is testing key extremes. Demand for the greenback is still high. The trade conflict between the US and China is still in the spotlight. The Australian dollar fell after the publication of the RBA monetary policy meeting minutes. We expect important economic reports.
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The dollar index shows positive dynamics. This week there will be elections to the European Parliament. Investors will assess important economic releases. The bullish sentiment prevails in the "black gold" market. Today we expect the speeches by the FOMC representatives.
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US President Donald Trump announced that he was ready to sign a trade agreement with China. The euro weakened against the dollar after the Deputy Prime Minister of Italy announced that the country was ready to break the European Union’s budget rules. The "black gold" prices show negative dynamics.
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China Strikes Back  – 2019.05.14
The escalation of the trade conflict between the US and China continues. Beijing retaliated. Today we expect important economic data from the UK and the Eurozone. The "black gold" prices are consolidating after the collapse the day before.
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Last week, May 9-10, the 11th round of talks between the US and China on trade disputes took place, which ended without signing an agreement. On Friday, economic data were also published in the UK, USA and Canada. The "black gold" prices are consolidating.
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A trade deal between Washington and Beijing is in the spotlight. The US President D. Trump said that countries might close a deal this week. Yesterday, mixed economic data were also published in the US. The "black gold" prices are consolidating.
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Today, the delegation from China should arrive in Washington to conclude a trade agreement with the US. However, whether countries will be able to reach an agreement is not yet known, especially in the light of Donald Trump's recent comments. The "black gold" prices have been declining.
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The US dollar has continued to strengthen against a basket of major currencies. The Central Banks of Canada and Japan kept the key marks of monetary policy at the same level. The bullish sentiment still prevails in the "black gold" market. Today we expect important statistics from the US.
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The US dollar did not change a lot against the basket of major currencies amid low trading activity. The Brexit delay could seriously affect the financial standing of the European Union. Positive dynamics of oil prices support the demand for commodity currencies. We expect statistics from the US.
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The US dollar shows multidirectional dynamics relative to the basket of major currencies. The Australian dollar weakened after the publication of the minutes of the RBA's monetary policy meeting. The British pound holds the mark of $1.31.
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The US dollar is being traded without a clear dynamic after the release of the FOMC minutes. Financial market participants assess the results of the ECB meeting. The European Council agreed yesterday for a further extension of the Brexit deadline. The "black gold" prices have become stable.
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Today, a new round of talks between Washington and Beijing will begin. Yesterday, Theresa May said that she intended to ask the EU to extend Article 50. Demand for the pound has increased significantly. Investors expect important economic statistics from the UK and the US. The "black gold" prices are growing.
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Yesterday, the US dollar fell slightly against a basket of major currencies amid mixed economic statistics. Four Brexit alternatives were also rejected. The risks of "hard" Brexit are increasing. The "black gold" prices are growing.
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This week, trade negotiations between the US and China will be in the spotlight. Investors are still focused on the uncertainty concerning Brexit. Today, we expect important economic releases from the US. The "black gold" prices are growing.
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The US dollar strengthened against a basket of major currencies despite weak economic data. The British Parliament has not approved any of the bills on Brexit. The "black gold" prices have been growing.
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The US currency shows positive dynamics. Financial market participants are assessing the situation concerning Brexit. We expect important economic releases from the US. We recommend paying attention to the US government bonds yield.
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The dollar index (#DX) has updated weekly highs. The New Zealand dollar has been collapsed after the RBNZ meeting. Today, a meeting of the British Parliament should be held, at which officials will vote for various options for Brexit. The "black gold" prices are maintaining current levels.
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Investors are focused on the Brexit process. The European Commission has completed all preparations in case of non-deal Brexit. The US currency is still under pressure. The "black gold" prices show positive dynamics.
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The euro collapsed after the release of weak economic releases. Financial market participants are increasingly concerned about rising recession risks in the global economy. Investors are still focused on Brexit. The "black gold" prices are falling.
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Yesterday, vote on a Brexit delay was held in the UK Parliament. The US dollar strengthened yesterday against a basket of major currencies despite weak economic data. The Bank of Japan kept interest rates unchanged. The "black gold" prices have continued to rise.
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Theresa May suffered a defeat in the British Parliament again. The pound is still under pressure. We recommend closely monitoring further development on the Brexit issue. The dollar index has updated local lows. The "black gold" prices are rising.
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The US dollar weakened slightly against a basket of major currencies. Financial market participants are focused on Brexit vote. The "black gold" prices continue to rise.
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On Friday, the US dollar weakened against a basket of major currencies after the publication of ambiguous data on the labor market. Important economic reports from the US are expected. The "black gold" prices are rising after a decline the day before.
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The US dollar strengthened against currency majors. The Reserve Bank of Australia left interest rates unchanged, as experts expected. The "black gold" prices are falling after growth the day before. We expect important statistics.
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Investors follow the negotiations between the US and China closely. The sentiment of financial market participants has improved in relation to the British pound. The "black gold" prices have been recovering.
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The dollar index has been growing. Demand for the US currency increased after the release of positive data on the US GDP. Today, we expect important statistics from the Eurozone, Canada and the US. Oil quotes are testing annual highs.
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Financial market participants evaluate the news flow. The US currency was supported by positive economic data. The "black gold" prices have been declining after a sharp rise in yesterday's trading session.
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Dovish comments by Fed Chairman, Jerome Powell, put pressure on the US currency. Demand for the pound has grown significantly after the statements by Theresa May. The "black gold" prices have been recovering after a sharp collapse the day before.
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The dollar index closed in the negative zone. FOMC meeting minutes are in the spotlight today. Investors continue to follow the negotiations between the US and China, as well as the situation concerning Brexit. The "black gold" prices are moving in different directions.
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Yesterday, the US financial markets were closed due to the holiday. Trading on currency majors is calm. The Australian dollar is under pressure after the publication of the RBA monetary policy minutes. The "black gold" became stable.
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The dollar index moved away from monthly highs. Investors are focused on trade negotiations between the US and China. The "black gold" prices are rising. Today, financial markets of the US and Canada are closed due to holidays.
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The US published weak economic reports. The British pound weakened again after members of the UK House of Commons did not support the idea by Theresa May. The "black gold" prices are consolidating after growth the day before.
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The dollar index reached new monthly highs. Demand for the US currency is still high. We expect important economic statistics from the Eurozone and the US. The "black gold" prices are strengthening.
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The US dollar strengthened again relative to a basket of currency majors. The British pound weakened significantly after the publication of weak economic reports. The "black gold" prices have been recovering.
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The trade conflict between Washington and Beijing is in the spotlight. Quite optimistic statistics from Canada were published on Friday. The "black gold" prices show negative dynamics.
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The US dollar strengthened against a basket of major currencies during yesterday's trading session. The Reserve Bank of Australia kept the key monetary policy marks unchanged. The "black gold" prices are consolidating.
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On Friday, there was high trading activity on the currency majors. This week, financial market participants will closely monitor political events. The "black gold" prices are stable.
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Financial market participants took a wait-and-see attitude before the Fed interest rate decision. At the moment, investors' attention is focused on the UK Parliament vote on Brexit deal, which will be held today. The "black gold" prices are recovering.
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The Democratic Unionist Party of Northern Ireland intends to support the Brexit plan proposed by Theresa May. The euro weakened against the US dollar. The "black gold" prices are rising.
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Investors' attention is focused on the trade conflict between the US and China. The British pound strengthened again relative to the US dollar. The "black gold" prices show negative dynamics.
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The US dollar weakened slightly against a basket of major currencies. Important economic data from the UK, Eurozone and Japan were published. The "black gold" prices are recovering after a strong decline the day before.
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On Friday, the US dollar strengthened against a basket of major currencies amid optimism in trade relations between the US and China. The British pound weakened after the publication of weak economic reports. The "black gold" prices are falling.
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The US currency has been changing slightly against a basket of major currencies. Investors' attention is still focused on the US government shutdown. The "black gold" prices demonstrate positive dynamics.
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The US currency has not changed a lot against the basket of major currencies. Yesterday, members of the House of Commons of the UK Parliament expressed confidence in Theresa May's government. The "black gold" prices are falling.
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Yesterday, the US dollar strengthened against a basket of major currencies despite weak economic statistics. Members of the British Parliament rejected the Brexit deal proposed by Theresa May. The "black gold" prices are rising.
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The US government shutdown puts pressure on the US currency. The euro weakened against the US dollar amid weak statistics from the Eurozone. Today, the attention of financial market participants will be focused on the Brexit vote.
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On Friday, important economic data were published in the US, which met the expectations of investors. At the moment, financial market participants expect the Brexit vote, which will be held tomorrow. The "black gold" prices have been declining.
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The US currency is still under pressure after the publication of the FOMC minutes. We expect important statistics from the UK and the US. The “black gold” prices continue to show positive dynamics.
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The US dollar weakened against a basket of major currencies after the publication of the FOMC minutes. Today, we expect important economic statistics from the Eurozone and the US. The "black gold" prices are consolidating after rapid growth during yesterday's trading.
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The US dollar weakened against a basket of major currencies after statements by Fed Chairman Jerome Powell. Also, two-day negotiations between the US and China have started. The "black gold" prices are moderately growing.
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The US dollar weakened against a basket of major currencies after the publication of ambiguous data. Also, investors are closely monitoring the situation concerning Brexit. The "black gold" prices have been growing.
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The US dollar strengthened against the euro, the pound and a number of commodity currencies. The demand for yen has grown significantly. Investors expect relevant information on Brexit and the resumption of the US government work. The "black gold" prices slightly decreased.
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Currency majors are consolidating. Trading activity is reduced due to the New Year holidays. We expect statistics on economic activity in the Eurozone and the UK.
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The US dollar weakened significantly against a basket of major currencies during yesterday's trading. Today we recommend paying attention to statistics on the real estate market in the United States. The "black gold" prices have been recovering.
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The US currency strengthened after news of the upcoming talks between the US and China, which would be held on January 7. Today we expect important economic statistics from the United States. The "black gold" prices continue to recover.
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The US dollar is declining against a basket of major currencies after news from the US. The agreement on the Italian budget was still officially concluded. The “black gold” prices are moderately recovering after the collapse the day before.
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Last week the USD strengthened against the basket of major currencies. Investors are looking forward to the results of the Federal Reserve, Bank of England and Bank of Japan meetings. Prices on oil are consolidating.
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The investors are evaluating the ECB meeting. Today we expect important reports from the EU and the US. Prices on oil are lowering after the previous growth.
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The American currency weakened against the basket of major currencies due to ambiguous economic reports. GBP is rising after the vote of No Confidence to Theresa May failed. Prices on oil are consolidating.
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The USD strengthened against the basket of major currencies due to the recovery of the US Treasury bonds' 10-year yield. GBP remains under pressure due to Brexit. The quotes on oil are growing.
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The USD Index Lowered  – 2018.12.10
The US published weak economic reports. The event of the week is Brexit voting in the British Parliament. Prices on oil stabilized.
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The USD index keeps testing the monthly maximums. The investors evaluating the Brexit conundrum. CAD is under pressure due to the comments by the Bank of Canada. The oil market remains bearish.
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The financial market participants keep evaluating the G20 summit results. Some important reports from the EU, the UK and the US were published yesterday. Prices on oil keep recovering.
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The US dollar has not changed a lot against a basket of major currencies. Investors expect a meeting between the US President Donald Trump and China’s leader Xi Jinping. The "black gold" prices are recovering.
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Investors expect economic data from the United States, as well as the speech by the Fed Chairman Powell. The British pound is under pressure after the new Brexit deal has been criticized. Oil quotes are recovering.
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On Friday, the US dollar rose against a basket of currency majors amid a decrease in oil prices. Investors assess the results of the Brexit negotiations. The "black gold" prices are recovering after the collapse the day before.
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The dollar index keeps the current levels. The euro may be under pressure due to the uncertainty about the Italian budget for 2019. The "black gold" prices continue to consolidate.
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The USD strengthened against the major currencies. The demand for the risky assets decreased. The oil quotes started recovering after a sharp downfall before. We expect important economic reports.
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The USD closed in the red. The investors evaluate the statements by the Federal Reserve representatives regarding the key interest rates. The prices on oil keep recovering.
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The USD index is consolidating around the annual maximums. The euro and the pound remain under pressure. We expect important economic reports. The quotes on oil are showing a negative trend.
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The US currency weakened slightly against a basket of major currencies. Investors took a wait-and-see attitude before the Fed meeting. The "black gold" prices show negative dynamics.
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On Friday, the US dollar strengthened against a basket of major currencies after the publication of strong labor market data for October. A number of events will take place this week that will affect the future alignment of forces on currency majors. The "black gold" prices are falling.
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The US currency continued to strengthen against a basket of major currencies. Yesterday, a number of economic reports from the Eurozone and Canada were also published. The "black gold" prices are consolidating.
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The US dollar continued to strengthen against a basket of major currencies despite ambiguous economic reports. The euro is under pressure due to weak statistics. The "black gold" prices are falling.
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The US dollar strengthened significantly against a basket of major currencies. The growth of the dollar contributed to the decline of the euro and the British pound. The "black gold" prices have been declining.
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The US dollar has not changed a lot against a basket of major currencies. The Bank of Canada meeting is in the focus of attention. The "black gold" prices are recovering after a sharp fall the day before.
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The US dollar index (#DX) closed in the negative zone (-0.15%). The British pound was under pressure after it became known that the UK and the EU could not reach an agreement on Brexit. Oil quotes are moderately declining.
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The US dollar weakened against currency majors. Donald Trump criticized the Fed's policy. The ECB plans to adhere to the current rate of monetary policy. The bullish sentiment prevails on the "black gold" market.
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The US dollar weakened slightly against a basket of major currencies and moved away from local highs. Trade relations between the United States and China have escalated again. The "black gold" prices are consolidating.
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The US dollar is supported by improved US trade relations with international partners. The British pound strengthened after solving the problem with the Irish border. The "black gold" prices are rising.
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The dollar index shows positive dynamics. The Fed comments and positive economic reports from the US support the demand for the American currency. We expect important statistics from the Eurozone, the UK and Canada.
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The dollar index has been growing after the Fed meeting. The Reserve Bank of New Zealand kept the main marks of monetary policy. The bullish sentiment prevailed in the market of "black gold". We expect important statistics from the US.
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On Friday, the US dollar strengthened against the basket of major currencies. The British pound weakened significantly against the US dollar after the statements by Theresa May. The "black gold" prices show positive dynamics.
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The US dollar fell against the basket of major currencies, but strengthened relative to the Japanese yen. The trade conflict between the US and China has receded into the background. The "black gold" prices have become stable.
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The US dollar weakened against the basket of major currencies due to the escalation of trade conflict between the US and China. The British pound strengthened against the US currency amid positive news about Brexit. The "black gold" prices are declining.
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On Friday, the US dollar strengthened against the basket of major currencies. The escalation of the trade conflict between the US and China continues. The British pound weakened against contradictory news on Brexit. The "black gold" prices are moderately growing.
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The dollar index closed in the negative zone. The ECB and the Bank of England kept the main parameters of the monetary policy. Oil quotes are consolidating. We expect statistics from the US.
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The dollar index closed trading session in the negative zone. Demand for the pound has grown significantly. Oil quotes are consolidating. We expect important economic reports from the UK and Germany.
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The dollar index closed the trading session in the positive zone. The potential for growth remains. The bullish sentiment prevails in the market of "black gold". We expect important statistics from the UK.
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The dollar index closed in the negative zone. Demand for the pound has grown significantly. Investors expect important economic reports from the United States. The "black gold" prices are declining.
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The dollar index closed in the positive zone. The potential for growth remains. Investors expect the Bank of Canada meeting. The bearish sentiment prevails in the market of "black gold".
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The main currency pairs are consolidating. The trade conflict between the US and China is in the focus of attention. The "black gold" prices are moderately declining. We expect statistics from Germany and Great Britain.
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The US dollar continues to lose ground relative to the basket of major currencies. Today, financial market participants expect important economic statistics from the United States. Oil quotes are consolidating after the decline the day before.
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Yesterday, the US currency continued to decline against the basket of major currencies. The euro was supported by positive data on the business climate in Germany. The "black gold" prices are consolidating.
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On Friday, the US dollar weakened against the basket of major currencies. Investors assess the comments by the Fed chairman. The trade conflict between the US and China is still in the focus of attention. The "black gold" prices are consolidating.
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The US dollar continued to decline against the basket of major currencies. Investors took a wait-and-see attitude before the publication of the FOMC minutes. The "black gold" prices are moderately growing.
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Yesterday, the US dollar weakened against the basket of major currencies. At the moment, financial market participants expect negotiations between the US and China. The "black gold" prices are moderately growing.
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The US currency continued to strengthen against the basket of major currencies. The British pound weakened after the publication of weak data on the UK labor market. The "black gold" prices are declining.
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During yesterday's trading, the US dollar slightly fell against the basket of major currencies. The British pound continued to decline due to uncertainty concerning Brexit. The "black gold" prices are moderately recovering.
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The US dollar slightly weakened against the basket of major currencies. Investors expect additional drivers. The "black gold" prices are rising.
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The US dollar index (#DX) updated a two-week high. The British pound was under pressure after the statements by a Secretary of State for International Trade. The "black gold" prices are rising.
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On Friday, the US currency weakened against the basket of major currencies despite a positive report on GDP. This week, economic reports from the US, Japan, the Eurozone and the UK will be in the focus of attention.
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The US currency strengthened against the basket of major currencies after negotiations between the presidents of the European Commission and the United States. The ECB left the interest rate unchanged. Oil quotes are consolidating.
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The US dollar weakened yesterday against the basket of major currencies. Investors expect the results of negotiations between the presidents of the European Commission and the United States. The "black gold" prices are rising.
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The US currency stabilized yesterday against the basket of major currencies. The geopolitical situation is again in the spotlight. The "black gold" prices are declining.
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Last week, the US dollar declined against the basket of majors due to comments by Donald Trump. On Friday, a number of economic reports were also published in Canada. The "black gold" prices are consolidating.
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The US dollar index reached its maximum in two weeks. The potential for growth remains. The "black gold" prices are declining. We expect important economic reports from the UK and the USA.
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The American currency is declining down against the basket of majors. The trade conflict between the US and China is still in the spotlight. The "black gold" prices are sharply reducing.
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Today, the news feed is calm, so the quotes dynamics can be restrained. Investors assess the risks of trade conflict between the US and China, as well as the new Brexit plan. The "black gold" prices are consolidating.
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Attention of financial market participants is still focused on trade relations between the US and China. This week, investors expect important economic statistics. The "black gold" prices are moderately rising.
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During yesterday's trading session, the US currency weakened against the basket of currency majors. The euro strengthened against the reduction in political risks in Germany. The "black gold" prices show a positive dynamics.
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The dollar index is testing annual highs. Investors continue to assess the risks of a trade war. The Reserve Bank of Australia left the interest rate unchanged. The "black gold" prices show a positive dynamics.
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On Friday, the US dollar weakened against the basket of major currencies. Strained relations in world trade continue to put pressure on the American currency. The "black gold" prices are moderately declining after a significant growth last week.
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The US dollar strengthened against the basket of major currencies amid a weakening of political tension. Today, we recommend paying attention to economic news from the United States, as well as to speeches by the heads of the Bank of England and the Bank of Canada. The "black gold" prices are consolidating.
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Last week, investors closely monitored trade relations between the US, EU and China. The US dollar index (#DX) moved away from the annual highs. The "black gold" prices are consolidating.
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Last week, the US dollar strengthened significantly relative to the basket of major currencies. Investors are waiting for the meetings of the Bank of England and the Swiss National Bank. The "black gold" prices show a negative dynamics.
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The US Dollar Is Stable  – 2018.06.04
On Friday, the US currency strengthened against the basket of major currencies amid positive economic reports from the US. Today we expect important statistics from the UK. The "black gold" prices are consolidating.
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The US dollar weakened against the basket of major currencies due to the conflict. Euro moved away from the lows against the US dollar. Today, we expect important statistics from the US, the Eurozone and Canada. The "black gold" prices are slightly decreasing after growth the day before.
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The US currency is strengthening against the weakness of euro, as well as falling prices on commodity markets. Today, financial market participants expect important economic statistics from the US, the Eurozone and Canada. The "black gold" prices are slightly decreasing.
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The dollar index keeps annual highs. This week investors expect important economic data from the US. Political uncertainty in Italy has hit the euro significantly. The "black gold" prices are consolidating.
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Yesterday, the US dollar moved away from the highs against the basket of major currencies. The British pound strengthened after the speech of the Monetary Policy Committee member Gertjan Vlieghe. The "black gold" prices are declining.
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The US dollar continued to strengthen relative to the majors against the 10-year US government bonds yield growth. The British pound weakened due to resumed fears concerning Brexit. The "black gold" prices are rising.
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Yesterday, the US dollar strengthened again relative to the basket of major currencies. Today, economic reports from the UK, the Eurozone and the United States are in the focus of attention. The "black gold" prices are stable.
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On Friday, the US dollar continued to decline against the basket of major currencies. Euro was under pressure after it became known about the slowdown in economic growth in the Eurozone. The "black gold" prices are getting cheaper amid the growth of drilling activity in the US.
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During yesterday's trading session, the US dollar strengthened against the basket of major currencies. The speech of the US President Donald Trump, who should decide whether to exit from the Iran nuclear deal, is in the focus of attention today. At the moment, oil quotes are declining.
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The US Dollar Is Stable  – 2018.04.25
The growth of the US currency has slowed down. The publication of important economic reports is not planned today. Investors are waiting for the ECB decision on further monetary policy and data on GDP of the UK and the US. The "black gold" prices are consolidating.
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The US currency continues to strengthen against the majors. Yesterday, weak economic reports from the Eurozone and the UK were published. The "black gold" prices are growing.
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Investors continue to assess the risks of a military conflict between the US and Syria, as well as the US-China trade dispute. This week we expect the publication of important economic reports. Oil quotes are decreasing after a significant rally.
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The situation between the United States and Syria is ambiguous, no action in the direction of Syria is applied. However, fears about the beginning of a military conflict do not subside. The US dollar is stable relative to the basket of major currencies. Oil quotes are declining.
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Today an important report on the change in the number of people employed in the US non-agricultural sector will be published, which will significantly affect the activity in the financial markets. Also we recommend paying attention to the speeches of the governor of the Bank of England, Carney, and the chairman of the Federal Reserve, Powell.
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The US Dollar Is Stable  – 2018.04.04
The American currency did not change a lot relative to the basket of major currencies. Investors closely monitor relations between the US and China. Statistics from the US is in the focus of attention. Oil quotes are consolidating.
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The American currency is recovering after the fall against the concerns about the beginning of the trade war. Oil quotes show negative dynamics. The US economic reports are in the focus of attention.
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The trade war risks continue to put pressure on the American currency. Investors monitor the situation in the White House. Currency majors are consolidating. Oil quotes fall down after a significant growth last week.
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As expected, the Fed raised its interest rate by 25 basis points, but the US dollar significantly weakened relative to the majors. The Reserve Bank of New Zealand left the interest rate unchanged. Oil quotes are consolidating.
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On Friday, mixed economic reports from the United States were published. Investors expect the meetings of the leading central banks. Oil quotes are declining.
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The dollar index keeps local lows. The growth of international trading tension and the White House reorganization put pressure on the American currency. Oil quotes are consolidating.
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The American currency is in demand, after easing the introduction of imports duties on steel and aluminum in the US. The euro declined after the statements of the ECB chairman. Oil prices are consolidating.
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The US dollar is under pressure due to the possible introduction of import duties on steel and aluminum. Investors took a wait-and-see attitude before the meeting of the Bank of Canada. Oil prices are decreasing against the growth in raw material production.
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The US Dollar Is Stable  – 2018.03.06
The question of the beginning of the trading war remains unresolved, but the Congress representatives oppose the introduction of import duties on steel and aluminum. Demand for the American currency resumed. Oil prices are rising.
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The US dollar continued to strengthen against the basket of the major currencies, but growth was restrained due to the weak economic reports. The European Commission published a draft Brexit project, which exacerbated the situation between the UK and the EU. Oil prices are stable.
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The US dollar strengthened against the basket of the major currencies. The British pound was supported by a resolution of the European Parliament. Oil prices are consolidating. We are waiting for important economic reports.
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The US dollar remains stable relative to the major currencies. Yesterday majors showed mixed results. Oil quotes are consolidating.
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The US currency continues to decline relative to other major currencies. The British pound and the Japanese yen strengthened against the US dollar weakness. Oil prices are rising.
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The situation is ambiguous in the financial markets. Investors took a wait-and-see position before the publication of the inflation report in the UK and the US. Oil prices began to recover.
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The dollar index keeps the current levels. The British pound remains under pressure due to difficult negotiations on Brexit and weak economic reports. Oil prices began to recover.
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Volatility in the financial markets has grown significantly. The Bank of England kept the key interest rate at the same level. We expect statistics from the UK and Canada.
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The US currency has strengthened despite weak reports on the labor market and the trading field. Investors took a wait-and-see position before the meeting of the Bank of England. The "black gold" prices are growing.
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Yesterday, the US dollar index closed in the positive zone. Today, the report on the US labor market will be published, which will determine the further sentiment in the financial markets. Oil prices are rising moderately.
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Financial markets participants took a wait-and-see position before the Fed meeting. Euro strengthened against the positive data on the economy of the Eurozone. Oil prices are showing a negative dynamics.
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The US currency continues to lose its grounds relative to other major currencies. Market participants are waiting for the ECB meeting on monetary policy. Crude oil prices grow.
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The US dollar fell against the major currencies due to the weak reports published during yesterday's trading session. The EUR/USD currency pair is strengthening. The "black gold" prices are declining.
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The Fed intends to keep interest rates at the low level. "Black gold" continues to grow in price. Today, important statistics is expected from the Eurozone, the United Kingdom, Canada and the United States.
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The US dollar is falling in price against the euro and the yen. The oil quotes are growing against the background of a decline in production and inventories of raw materials in the US.
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Demand for the dollar remains. The Australian dollar strengthened against the background of the increase in commodity prices. Oil quotes show a positive dynamics.
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The US dollar kept current levels. Investors took a wait and see attitude. In the coming days, the trading activity may significantly increase. The oil quotes show a positive trend.
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The US dollar remains under pressure. The Fed is concerned about low inflation. The US financial markets are closed due to the holiday. We expect economic reports from the UK, the Eurozone and Canada.
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The dollar index closed in the negative zone. Investors are waiting for the publication of the FOMC protocols. In the market of "black gold" bullish sentiments prevail.
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The United States published mixed data on the labor market. The bullish sentiment prevails on the "black gold" market. We expect economic reports from the eErozone and Canada.
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Demand for the US dollar is still high. Today we expect high trading activity. The attention is focused on the meeting of the Bank of Canada and economic reports from Germany, the UK and the US.
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The dollar index closed in the positive zone. New Zealand published optimistic statistics. The RBA will adhere to the current monetary policy rate. We are waiting for important economic reports.
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Participants of the financial markets are expecting a report on the labor market in the US. Preliminary statistics was quite optimistic. The Australian dollar is under pressure.
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Demand for the US dollar increased significantly after the Fed's decision. The Bank of Japan kept the interest rate at the same level. The oil prices continue to recoup.
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The technical pattern on the main currency pairs is ambiguous. Investors are waiting for the Fed's comments. Today, the attention is focused on the economic reports from the EU and the US.
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The dollar index closed the trading session in the negative zone. Australia's GDP growth did not meet market expectations. The attention is focused on the meeting of the Bank of Canada.
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There is an increase in demand for the US dollar. Commodity currencies are under pressure. Participants of the financial markets expect statistics from the UK and the US.
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Last week, the majors showed mixed results. The US dollar remains under pressure due to the tense situation on the Korean peninsula and a weak inflation report. Data on the GDP in Japan exceeded market expectations.
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The US dollar strengthened against the euro and the pound. There is an increase in demand for safe currencies. Prices for "black gold" continue to consolidate. We expect statistics from the US and Canada.
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The growth of political risks, weak statistics from the US continue to put pressure on the US currency. Inflation in the UK has slowed. Demand for the Australian dollar has grown significantly.
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