Investors Are Following the US-China Talks

The US dollar fell slightly against a basket of major currencies. The dollar index (#DX) closed in the negative zone (-0.07%). Investors are closely monitoring the development of the trade relationship between the US and China. According to the US President, Donald Trump, countries will probably close a deal this week. "It's possible to do it, they're all here. The vice premier one of the most respected men one of the highest officials in China is coming," Trump said in Washington on Thursday. Also, the US President said that he might soon hold talks with Chinese President Xi Jinping by telephone.

Yesterday, mixed economic data were also published in the United States. Thus, the producer price index rose by 0.2% in April, which met the expectations of experts. However, initial jobless claims rose to 228K, while investors expected an increase by 215K. Today, we expect important economic data from the US, the UK, and Canada.

The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are testing the mark of $62.15 per barrel.

Market Indicators

Yesterday, sales were observed in the US stock market: #SPY (-0.30%), #DIA (-0.47%), #QQQ (-0.54%).

The 10-year US government bonds yield is at 2.44-2.45%.

The news feed on 2019.05.10:

- UK GDP data at 11:30 (GMT+3:00);
- Manufacturing production in the UK at 11:30 (GMT+3:00);
- Core consumer price index in the US at 15:30 (GMT+3:00);
- Statistics on the labor market in Canada at 15:30 (GMT+3:00).

by JustForex, 2019.05.10

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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