Trading on Currency Majors Is Calm

Trading activity and volatility on currency majors decreased due to the New Year holidays. At the moment, the dollar index (#DX) is declining. A report on the US labor market for December will be the key event in the current trading week. Experts expect improvements in key indicators. We recommend taking into account the difference between the actual and forecasted values.

In December, China Caixin Manufacturing PMI slowed down from 50.2 to 49.7. Economists forecasted growth to 50.3. Today, financial market participants will assess indicators of economic activity in the Eurozone and the UK.

The bearish sentiment still prevails in the "black gold" market. At the moment, futures for the WTI crude oil are testing the mark of $44.85 per barrel.

Market Indicators

Yesterday, the main financial markets were closed due to the New Year holidays.

The 10-year US government bonds yield shows negative dynamics. Currently, the indicator is at the level of 2.69-2.70%.

The economic calendar on 02.01.2019:

- The index of economic activity in the manufacturing sector in Germany at 10:55 (GMT+2:00);
- The index of economic activity in the UK manufacturing sector at 11:30 (GMT+2:00).

by JustForex, 2019.01.02

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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