Dollar Index Has Updated Weekly Highs

The US dollar is strengthening against the basket of world currencies. The dollar index (#DX) has set new weekly highs. Demand for the US currency is supported amid the "dovish" rhetoric of key Central Banks. Yesterday, President of the European Central Bank, Mario Draghi, said that interest rates rise could be postponed for a longer period. Earlier, the RBNZ announced that in the near future it was ready to consider the issue of introducing additional expansionary actions. Investors are still concerned about the inversion of the US government bonds yield curve.

The situation concerning Brexit is in the spotlight. Yesterday, British lawmakers rejected all eight options for Brexit. We recommend following current information on this issue. Today, financial market participants will assess important economic releases from the US.

The "black gold" prices have been declining due to the growth of crude oil inventories in the US. At the moment, futures for the WTI crude oil are testing the mark of $59.00 per barrel.

Market Indicators

Yesterday, there was the bearish sentiment in the US stock market: #SPY (-0.52%), #DIA (-0.14%), #QQQ (-0.64%).

The 10-year US government bonds yield has been declining and has updated annual highs. Currently, the indicator is at the level of 2.35-2.36%.

The news feed on 28.03.2019:

- Report on US GDP at 14:30 (GMT+2:00);
- Pending home sales index in the US at 16:00 (GMT+2:00).

by JustForex, 2019.03.28

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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