The US Dollar Is Stable. Trading Activity Has Decreased

Last week, the dollar index (#DX) closed in the negative zone. The United States published a series of mixed economic reports. At present, the US dollar is stable relative to the major currencies. The trading activity and volatility decreased in connection with the holidays. Participants of the financial markets record positions before the end of the year. In the current trading week, the attention will be focused on economic reports from the United States.

In the Asian trading session, Japan published quite optimistic statistics. In November, household spending increased by 1.7% (year on year), which is significantly higher than the forecasted level of 0.6%. The nationwide basic consumer price index was 0.9% (year on year). Experts expected the figure of 0.8%. Investors expect statistics from the US.

In the "black gold" market the bullish sentiment is prevailing. The oil quotes are testing local highs. At the moment, futures for the WTI crude oil are being traded near $58.5 per barrel.

Market Indicators

On Friday, the major US stock indices closed in the negative zone: #SPY (-0.03%), #DIA (-0.10%), #QQQ (-0.11%).

The 10-year US government bonds yield is testing local extremes. At the moment, the indicator is at the level of 2.49-2.50%.

The news feed on 2017.12.23:

At 17:00 (GMT+2:00) the index of consumer confidence will be published.

by JustForex, 2017.12.26

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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