Last week, the US dollar strengthened significantly relative to the currency majors. The dollar index (#DX) has updated the annual high. The Federal Reserve System, as expected, increased the range of key interest rate to 1.75%-2.00%. The Central Bank representatives expect two interest rate increases this year. The ECB plans to complete the quantitative easing program in December 2018. The regulator left interest rates unchanged and said that it was not going to raise them until mid-2019.
Today investors' attention will be focused on the ECB President Mario Draghi speech. Also this week, the meetings of the Bank of England and the Swiss National Bank will take place, at which interest rate decisions will be made. The market can also be influenced by tension in the US-China trade relations after the leaders of the countries failed to reach mutually beneficial terms.
The "black gold" prices show a negative dynamics. At the moment, futures for the WTI crude oil are testing a mark of $63.80 per barrel.
On Friday, the major US stock indices closed in the negative zone: #SPY (-0.57%), #DIA (-0.50%), #QQQ (-0.35%).
At the moment, the 10-year US government bonds yield is at the level of 2.91-2.92%.
Important economic statistics are not expected to be published today. We recommend paying attention to the speech of the ECB President Mario Draghi.
The financial markets of China will be closed due to the holiday.
by 2018.06.18, 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.