The US Currency Is in the Positive Zone

The US dollar strengthened against a basket of major currencies. The dollar index (#DX) closed yesterday in the green zone (+0.30%). The conflict between the US and Iran is still in the focus of attention. The day before, US President Donald Trump responded to Iranian attacks on US forces in Iraq with sanctions, not military measures. At the same time, he noted that the Americans had not suffered as a result of missile strikes by Iran.

Optimistic economic data from the United States supported the US currency. Thus, ADP nonfarm employment change increased to 202K in December, while experts expected 160K.

The "black gold" prices have fallen. Currently, futures for the WTI crude oil are testing the $59.65 mark per barrel.

Market Indicators

Yesterday, there was the bullish sentiment in the US stock market: #SPY (+0.53%), #DIA (+0.58%), #QQQ (+0.75%).

The 10-year US government bonds yield has been growing. At the moment, the indicator is at the level of 1.87-1.88%.

The Economic News Feed for 09.01.2020:
  • - Initial jobless claims in the US at 15:30 (GMT+2:00).

We also recommend paying attention to the speech by the Bank of Canada Governor Poloz.

by JustForex, 2020.01.09

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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