Reports on GDP of the United Kingdom and the United States Are in the Focus of Attention

Yesterday, the ECB decision on monetary policy was the key event. As expected, the Central Bank left interest rates unchanged. At the press conference, Mario Draghi was quite optimistic in his speech. According to the official, recent weak statistics were temporary. The regulator expects stable economic growth in the Eurozone. He also believes that inflation may reach the target level of 2%.

However, the euro did not hold its position against the US dollar due to a large-scale rally in the US currency. Despite the decline in the US government bonds, the dollar remained stable. The US dollar index (#DX) reached a three-month high (91.39) yesterday and closed in the positive zone (+0.48%). Today investors expect reports on GDP of the United States and Britain.

The "black gold" prices moderately decline. At the moment, futures for the WTI crude oil are testing a mark of $68.0 per barrel.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+1.02%), #DIA (+1.01%), #QQQ (+2.11%).

The 10-year US government bonds yield has moved away from local highs. At the moment the indicator is at the level of 2.97-2.99%.

The news feed on 2018.04.27:

- Statistics on labor market in Germany at 10:55 (GMT+3:00);
- The UK GDP report at 11:30 (GMT+3:00);
- Data on the US GDP at 15:30 (GMT+3:00).

We also recommend paying attention to the speech of the Bank of England governor Carney.

by JustForex, 2018.04.27

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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