The Us Dollar Is Stable Against the Basket of Major Currencies

The US dollar stays stable against the basket of major currencies. It was learned that the Fed intends to continue the increase of the interest rate despite criticism of the President of the United States. It should be reminded that last Friday Donald Trump expressed the belief that the policy of the Central Bank undermined his efforts to strengthen the US economy. The US dollar index (#DX) decreased slightly and closed in the negative zone (-0,05%).

The British pound grew against the American currency, as soon as it became known that the premier-minister of Great Britain, Teresa May intends to take control of the negotiations on Brexit. According to provisional data, the process of British exit from the EU will officially finish on March 29, 2019.

The Business Climate Index of Germany was published yesterday. It was 57,3, while the experts’ expectation was 55,5. Today during the Asian trading session the consumer price index in Australia has been released. It is 0,4% which is worse than the predicted value of 0,5%. The experts expect  important statistics of the USA and the Eurozone.

The "black gold" prices are growing. At the moment, futures for the WTI crude oil are testing a mark of $68,80 per barrel.  At 17:30 (GMT+3:00), a report on the US crude oil inventories will be published.

Market Indicators

Yesterday, the bullish sentiment prevailed in the US stock market: #SPY (+0,50%), #DIA (+0,78%), #QQQ (+0,41%).

At the moment, the 10-year US government bonds yield is at the level of 2,93-2,94%.

The news feed on 2018.07.25:

- The IFO Business Climate Index of Germany – 11:00 (GMT+3:00);

- The US New Home Sales – 17:00 (GMT+3:00).

by JustForex, 2018.07.25

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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