Currency Majors Are Being Traded Stably. US-China Trade Agreement Is in the Spotlight

The US dollar is being traded stably against a basket of world currencies. The dollar index (#DX) is consolidating. Yesterday, financial markets were closed due to Christmas. Today, volatility and trading activity are also reduced since many countries celebrate Boxing Day and most financial centers are also closed.

On Wednesday, Beijing announced an imminent signing ceremony for the phase one trade deal between the US and China. So far, both parties undergo all necessary procedures until the signing of the agreement. China has promised to increase purchases of American goods, including agricultural products, and the United States has refused the next round of the introduction of duties on Chinese goods. Trump expects an interim trade agreement between the US and China will be signed before his meeting with Chinese President Xi Jinping.

The "black gold" prices continue to show positive dynamics. Currently, futures for the WTI crude oil are testing the $61.30 mark per barrel.

Market Indicators

Yesterday, the US stock market was closed due to the celebration of Christmas.

The 10-year US government bonds yield has decreased slightly. At the moment, the indicator is at the level of 1.90-1.91%.

The Economic News Feed for 26.12.2019:
  • - Initial jobless claims in the US at 15:30 (GMT+2:00).

by JustForex, 2019.12.26

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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