The Uncertainty Remains On the Market

The majors continue to show mixed results. Yesterday, the dollar index (#DX) closed the trading session with a slight decrease (-0.03%). The Canadian dollar got support due to optimistic reports on the real estate market. Investors are still waiting for new information on the tax reform in the US and the Fed's new chairman. Today, the news background will be fairly calm. We recommend paying attention to the US government bonds yield.

The Reserve Bank of New Zealand, as expected, retained the key interest rate at the previous level of 1.75%. The regulator plans to adhere to the current rate of the monetary policy. China published mixed statistics. In October, the consumer price growth slowed from 0.5% to 0.1%. Nevertheless, on a year-on-year basis, the indicator was revised from 1.6% to 1.9%.

The Energy Information Agency reported that over the past week, crude oil inventories in the US increased by 2.237 million barrels. Experts expected the decline of the indicator by 2.876 million barrels. At the moment, the "black gold" prices are stable. Futures for the WTI crude oil are being traded in the range of $56.75-$57.00 per barrel.

Market Indicators

Major US stock indices closed the trading session in the positive zone: #SPY (+0.17%), #DIA (+0.02%), #QQQ (+0.40%).

At the moment, the 10-year US government bonds yield is at the level of 2.31-2.32%.

News background on 2017.11.09:

- The number of initial jobless claims in the US at 15:30 (GMT+2:00);
- The new houses price index in Canada at 15:30 (GMT+2:00).

by JustForex, 2017.11.09

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.