The US Dollar Index Has Moved Away from Highs

On Friday, trading on currency majors was calm. The US dollar index (#DX) has moved away from highs and closed in the negative zone (-0.14%). In general, demand for the US currency is still high. The dollar is tending to strengthen.

This week important economic reports are expected, which may determine the further alignment of forces on currency majors. Today, data on China's GDP (y/y), the value of which has counted to 6.7%, as investors expected, have been published. Today, a report on the volume of retail sales in the US for June will be published. On Tuesday, financial market participants expect a report on the US economy and monetary policy by the Federal Reserve Chairman Powell. We also recommend paying attention to the meeting between the US President Donald Trump and Russian President Vladimir Putin, which will take place today.

The "black gold" prices are declining. At the moment, futures for the WTI crude oil are testing a mark of $69.20 per barrel.

Market Indicators

On Friday, the major US stock indices closed in the positive zone: #SPY (+0.08%), #DIA (+0.36%), #QQQ (+0.08%).

At the moment, the 10-year US government bonds yield is at the level of 2.84-2.85%.

The news feed on 2018.07.16:

- Core retail sales index in the US at 15:30 (GMT+3:00).

by JustMarkets, 2018.07.16

We advise you to get acquainted with the daily forecasts for the major currency pairs.

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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