Uncertainty Still Remains in the Market

Yesterday, the majors showed a variety of trends. The dollar index (#DX) closed the trading session with a slight decrease (-0.05%). Participants of the financial markets are waiting for the Fed's statement on the subject of the two-day meeting (September 19-20) outcome. The Central Bank may indicate time frames of tightening the monetary policy. At the moment, the US dollar is keeping local extremes. Support is provided by the growth of the government securities yield. Yesterday, the 10-year US government bonds yield reached a monthly high (2.23%).

The minutes of the RBA meeting on the monetary policy indicated that the regulator intends to adhere to low interest rates. Representatives of the Central Bank reported that the current monetary policy will allow maintaining a stable growth of the economy.

At the moment, prices for "black gold" are consolidating. Futures for the WTI crude oil are being traded in the range of $50.20- $ 50.50 per barrel.

Market Indicators

Major US stock indices showed a variety of trends: #SPY (+0.21%), #DIA (0.32%), #QQQ (-0.35%).

In the Asian trading session, the 10-year US government bonds yield slightly moved away from local highs. At the moment the indicator is at the level of 2.22%.

Today, we recommend you to pay attention to the following economic reports:
  • - The ZEW economic sentiment indices in Germany and the Eurozone at 12:00 (GMT+3:00);
  • - A report on the real estate market in the US at 15:30 (GMT+3:00);
  • - Statistics on trade in the US at 15:30 (GMT+3:00).

by JustForex, 2017.09.19

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.