The Dollar Index Reached Two-Week Highs. Political Instability in the US and the UK Is in the Focus of Attention

During yesterday's trading, the US dollar strengthened significantly against a basket of major currencies. Yesterday, the dollar index (#DX) closed the trading session in the positive zone (+0.75%). The demand for greenback grew after statements by the US president about the possibility of concluding a trade deal with China. Yesterday, Donald Trump said that the deal could be concluded even earlier than everyone suspected.

News that Japan and the United States signed an agreement, which is the first stage of a trade deal between the two countries, put additional optimism. The agreement between US President, Donald Trump, and Japanese Prime Minister, Shinzo Abe, aims to regulate the trade in agricultural and industrial goods.

Also, optimistic economic data supported the US currency. So, yesterday, a report on new home sales was published, according to which the figure counted to 713K in August instead of 660K. At the same time, investors are worried about the likely start of Donald Trump's impeachment, as well as early elections in the UK.

The “black gold” prices are consolidating. Currently, futures for the WTI crude oil are testing the $56.75 mark per barrel.

Market Indicators

Yesterday, there was the bullish sentiment in the US stock markets: #SPY (+0.59%), #DIA (+0.60%), #QQQ (+1.12%).

The 10-year US government bonds yield rose slightly. At the moment, the indicator is at the level of 1.70-1.71%.

The Economic News Feed for 26.09.2019:
  • - Data on GDP in the US at 15:30 (GMT+3:00);
  • - Initial jobless claims in the US at 15:30 (GMT+3:00);
  • - Pending home sales in the US at 17:00 (GMT+3:00).

We also recommend paying attention to the speeches by the President of the ECB Draghi and the FOMC representatives.

by JustForex, 2019.09.26

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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