Investors' Attention Is Still Focused on Brexit

During yesterday's trading session, the US currency did not change a lot against the basket of major currencies. The US dollar index (#DX) closed yesterday in the positive zone (+0.07%). Today, important economic statistics will be published in the US. Investors' attention is mainly focused on the Brexit.

After the Brexit vote, the leader of the Opposition Labour Party, Jeremy Corbyn, offered to carry out a vote of no confidence against the government of Prime Minister Theresa May. Yesterday, members of the House of Commons of the UK Parliament expressed confidence in the government: 306 members of parliament supported Theresa May and 325 deputies voted against. If the government faced a no-confidence vote, it could dent the position of Great Britain even more. The issue concerning Brexit is still unresolved. As it became known, the European Union is ready to postpone the process of the UK exit from the EU on the latter half of 2019. According to the plan, Brexit was supposed to end on March 29.

The "black gold" prices are declining after the release of the report on crude oil inventories in the US. At the moment, futures for the WTI crude oil are testing the mark of $51.85 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (+0.24%), #DIA (+0.51%), #QQQ (-0.02%).

The 10-year US government bonds yield is at the level of 2.70-2.71%.

The news feed on 17.01.2019:

- Consumer price index in the Eurozone at 12:00 (GMT+2:00);
- Data on the real estate market in the US at 15:30 (GMT+2:00);
- Philadelphia Fed manufacturing index at 15:30 (GMT+2:00).

by JustForex, 2019.01.17

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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