Yesterday, pessimistic economic statistics were published in the US. Thus, the core retail sales index fell by 4.5% in March, while experts forecasted a decrease by 4.8%. However, retail sales decreased by 8.7% instead of the estimated 8.0%. At the same time, the US dollar has been growing against a basket of major currencies. The US dollar index (#DX) closed in the positive zone (+0.61). The demand for risky assets is still low. Fed's announcement of the launch of a new large-scale credit program supported the US currency. Also, yesterday, the Bank of Canada decided on the interest rate. As expected, the regulator left the indicator unchanged at 0.25%.
Meanwhile, COVID-19 is breaking new records. At the moment, 2,076,015 infected people all over the world are recorded. The largest number of infected people is still in the US – 639,664. According to European Union Minister for Foreign Affairs, Josep Borrell, the European Union intends to allocate more than 20 billion euros to overcome the humanitarian, medical, social and economic consequences of the global pandemic.
The "black gold" prices have been growing despite the increase in crude oil inventories. Currently, futures for the WTI crude oil are testing the $20.20 mark per barrel.
Yesterday, there was the bearish sentiment in the US stock market: #SPY (-2.12%), #DIA (-1.92%), #QQQ (-1.15%).
The 10-year US government bonds fell again. At the moment, the indicator is at the level of 0.60-0.61%.
- - Statistics on the real estate market in the US at 15:30 (GMT+3:00);
- - Initial jobless claims in the US at 15:30 (GMT+3:00);
- - Philadelphia Fed manufacturing index at 15:30 (GMT+3:00).
by 2020.04.16, 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.Open Account