The Brexit Vote Is in the Focus of Attention

The US dollar weakened slightly against a basket of major currencies during yesterday's trading session. The US dollar index (#DX) closed yesterday in the negative zone (-0.04%). Financial market participants took a wait-and-see attitude before the Fed interest rate decision. Also, investors will follow the trade relations between the US and China. Negotiations between countries should take place this week. However, the case of Huawei Technologies Co. may worsen the situation. Yesterday, the US judicial authorities accused Huawei of stealing intellectual property.

At the moment, investors' attention is focused on the UK Parliament vote on Brexit deal, which will be held today. The first version of the agreement proposed by Theresa May was criticized and rejected. The new draft contains 19 amendments, for which parliamentarians will vote.

The "black gold" prices are recovering after a decline the day before. At the moment, futures for the WTI crude oil are testing the mark of $52.10 per barrel. At 23:30 (GMT+2:00), the API weekly crude oil stock will be published.

Market Indicators

Yesterday, the bearish sentiment was observed in the US stock market: #SPY (-0.76%), #DIA (-0.93%), #QQQ (-1.24%).

The 10-year US government bonds yield fell slightly. At the moment, the indicator is at the level of 2.73-2.74%.

The News Feed on 29.01.2019:

- Consumer confidence index in the US at 17:00 (GMT+2:00);
- UK Parliament vote on Brexit deal at 21:00 (GMT+2:00).

by JustForex, 2019.01.29

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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