Sentiment of the Financial Market Participants Turned Up

On Friday, the US currency weakened against the basket of major currencies after it had become known that China and the US intended to resolve the trade conflict. Negotiations between the countries should be held this week on Wednesday and Thursday, August 22-23. The US dollar index (#DX) closed in the negative zone (-0.58%). Currency majors are tending to recover.

Also this week, Thursday to Saturday, the international economic conference will take place in Jackson Hole, where the Federal Reserve Chairman Jerome Powell will give a speech. Experts hope to receive clues from the leaders of central banks regarding further courses of monetary policies. Investors also expect the publication of FOMC protocols on Wednesday, August 22.

The "black gold" prices are moderately declining. At the moment, futures for the WTI crude oil are testing a mark of $65.20 per barrel.

Market Indicators

On Friday, the bullish sentiment was observed in the US stock market: #SPY (+0.35%), #DIA (+0.22%), #QQQ (+0.02%).

At the moment, the 10-year US government bonds yield is at the level of 2.86%-2.87%.

The news feed on 2018.08.20:

Today, important economic data are not expected to be published.

by JustForex, 2018.08.20

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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