Investors Expect Negotiations Between Donald Trump and Kim Jong Un

The US dollar is stable against the basket of major currencies. Investors took a wait-and-see attitude before the negotiations between the leaders of the United States and North Korea. Financial market participants expect a serious breakthrough in relations between two countries. The US dollar index (#DX) closed in the positive zone (+0.02%) yesterday. It should be recalled that tomorrow the Fed will announce its decision on the key interest rate.

The British pound fell against the US currency after the publication of weak economic statistics from the UK. In April, manufacturing production fell by -1.4%, while investors expected growth of 0.3%. Demand for the euro is still high before the ECB meeting. As expected, the regulator will report time limits of quantitative easing withdrawal.

The "black gold" prices show a positive trend. At the moment, futures for the WTI crude oil are testing a mark of $66.50 per barrel.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.13%), #DIA (+0.05%), #QQQ (+0.27%).

At the moment, the 10-year US government bonds yield is at the level of 2.95-2.96%.

The economic calendar on 2018.06.12:

- Statistics on the labor market in the UK at 11:30 (GMT+3:00);
- ZEW economic sentiment index in Germany at 12:00 (GMT+3:00);
- Inflation report in the US at 15:30 (GMT+3:00).

by JustForex, 2018.06.12

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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