Investors are Waiting for the Federal Reserve Representatives Speeches

Last week, the Fed supported the US currency. At the same time, participants of the financial markets are quite skeptical against the backdrop of weak economic reports from the United States. On Friday, the dollar weakened against major world currencies. In May, the number of building permits issued in the US declined by 4.9% to 1.168M. The indices of consumers' expectations and sentiments were 84.7 and 94.5, which is less than the market expectations of 87.5 and 97.1, respectively.

In the current trading week, the publication of important statistics on the US economy is not planned. Investors will follow the speeches and comments of the Federal Reserve representatives. If officials support the position of the Central Bank, the demand for the US dollar could grow significantly.

In the Asian trading session, futures for oil and gold showed a variety of trends.

Market Indicators

On Friday, US stock indices closed the trading session in the negative zone: #SPY (-0.46%); #DIA (-0.06%); #QQQ (-0.70%). The dollar index (#DX) decreased by 0.30%.

At the moment, the 10-year US government bonds yield is at the level of 2.16%.

The news background today is pretty calm:

  • - The FOMC member Dudley's speech at 15:00 (GMT+3:00).
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.