The US dollar remained under pressure due to the possible trade war between China and the United States. On Monday, Donald Trump wrote on Twitter that duties in China and the US were being imposed unfairly: cars from China were sold in the US with duties of only 2.5%, while duties on cars from the US in China counted to 25%. Investors are afraid that this trade conflict will damage the global economy. Yesterday, the US dollar index (#DX) closed in the negative zone (-0.28%).
Shortly after Donald Trump's statement on Twitter, the president of the People's Republic of China, Xi Jinping, made a speech at the Boao forum and promised to make the country's economy more open, as well as to reduce duties on the import of goods, including cars. "China will not threaten anyone else, attempt to overturn the existing international system, or seek spheres of influence, no matter how much progress it has made in development," Xi Jinping said.
At the moment, the "black gold" prices are growing in the hope that disagreements between the US and China will be resolved. Futures for the WTI crude oil are testing a mark of $ 64.25 per barrel. At 23:30 (GMT+3:00), a report on the API weekly crude oil stock will be published.
Yesterday, the bullish sentiment prevailed in the US stock market: #SPY (+0.49%), #DIA (+0.25%), #QQQ (+0.70%).
At the moment, the 10-year US government bonds yield is at the level of 2.79-2.80%.
- the volume of housing starts in Canada at 15:15 (GMT+3:00);
- producer price index in the US at 15:30 (GMT+3:00);
- building permits in Canada at 15:30 (GMT+3:00).
by 2018.04.10, 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.