Currency Majors Have Become Stable. Investors Expect the Fed Meeting

Currency majors have become stable after a significant rally last week. Financial market participants have started partially fixing positions before the Fed meeting, which will be held tomorrow. As experts forecast, the regulator will keep the key marks of monetary policy unchanged. We recommend paying attention to the comments by representatives of the Central Bank.

According to preliminary data, in the first quarter, Eurozone GDP will decline by 3.6% (q/q) compared to market expectations of 3.8%. Investors expect up-to-date information regarding the conflict between Washington and Beijing.

The "black gold" prices are consolidating. Currently, futures for the WTI crude oil are testing the $37.85 mark per barrel. At 23:30, API weekly crude oil stock will be published.

Market indicators

Yesterday, there was the bullish sentiment in the US stock market: #SPY (+1.21%), #DIA (+1.75%), #QQQ (+0.78%).

The 10-year US government bonds yield has fallen again. At the moment, the indicator is at the level of 0.82-0.83%.

The news feed on 2020.06.09:
  • - JOLTS job openings at 17:00 (GMT+3:00).

by JustForex, 2020.06.09

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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