Currency Majors Have Become Stable. Investors Expect the Bank of England Meeting

The US dollar fell slightly against a basket of currency majors. The dollar index (#DX) closed yesterday's trading session in the red zone (-0.04%). It became known that the meeting between US President Donald Trump and Chinese President Xi Jinping, at which the first stage of the trade deal was to be signed, could be postponed until December. The parties have not yet agreed on a new venue for the meeting. It also became known that Washington and Beijing intended to cancel some mutual tariffs on goods simultaneously. China said it was ready to negotiate on this issue.

Investors have taken a wait-and-see attitude before the Bank of England meeting. It is expected that no changes in the policy of the regulator will happen. However, financial market participants expect some reaction from the Bank to current Brexit-related events.

The "black gold" prices have been growing. Currently, futures for the WTI crude oil are testing the $57.00 mark per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock markets: #SPY (+0.02%), #DIA (+0.00%), #QQQ (-0.22%).

The 10-year US government bonds yield has updated local highs. At the moment, the indicator is at the level of 1.85-1.86%.

The Economic News Feed for 07.11.2019:
  • - Bank of England interest rate decision at 14:00 (GMT+2:00).

We also recommend paying attention to the speeches by FOMC representatives.

by JustForex, 2019.11.07

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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