The USD Index Is Testing the Monthly Maximums

This Friday the USD slightly weakened against the basket of the other currencies. The USD index closed in the negative zone (-0,33%). Particularly, the demand for the American currency holds. According to preliminary data, the US economic growth in the third quarter reached 3.5% instead of the predicted 3.3%.

The EUR is still under pressure since Mario Draghi expressed the possibility of extending the asset purchase program against the backdrop of political instability and a slowdown in the growth of the European economy. The ECB President noted that further stimulation of the economy is necessary. This week the investors are waiting for a Eurozone inflation report, which will be published this Wednesday.

Prices on oil are showing a downward trend. At the moment the WTI futures are testing 67.20 USD/barrel price.

Market Indicators

On Friday the major US stock indices significantly lowered: #SPY (-1,76%), #DIA (-1,30%), #QQQ (-2,57%).

The 10-year US government bonds yield keeps lowering. At the moment, it is on the 3,06-3,07%.

The Economic News Feed for 29.10.2018:

- Chancellor's autumn forecast statement (UK) – 14:30 (GMT+2:00);

- Consumer Spending Trends (USA) – 14:30 (GMT+2:00).

by JustForex, 2018.10.29

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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