British Parliament Rejected the Brexit Deal

Yesterday, the US dollar strengthened against a basket of major currencies despite weak economic statistics. Thus, the NY Empire State manufacturing index counted to 3.90 in January, while experts expected 10.75. The producer price index fell by 0.2% instead of 0.1%. However, the dollar index (#DX) closed yesterday in the positive zone (+0.38%).

Yesterday, the Brexit vote took place in the British Parliament, as result members of Parliament rejected the Brexit deal proposed by Theresa May. Such a situation may lead to the UK exit without a deal, or a second referendum will be held. Prime Minister Theresa May has only three days to submit the Brexit backup plan.

The "black gold" prices are rising. At the moment, futures for the WTI crude oil are testing the mark of $52.15 per barrel. At 17:30 (GMT+2:00), a report on crude oil inventories will be published in the US.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+1.15%), #DIA (+0.71%), #QQQ (+1.95%).

The 10-year US government bonds yield is at the level of 2.72-2.73%.

The news feed on 16.01.2019:

- Consumer price index in the UK at 11:15 (GMT+2:00);
- Retail sales in the US at 15:30 (GMT+2:00);
- Fed's "Beige Book" at 21:00 (GMT+2:00).

by JustForex, 2019.01.16

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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