Last week, trading activity on the Forex market was rather weak. The American currency has moved away from local extremes. The ambiguity about an issue of the tightening the Fed's monetary policy has grown significantly. The US continues to publish weak economic reports. Some representatives of the Central Bank believe that one should not hurry up with raising the range of the key interest rate until the end of 2017.
On the current trading week, we recommend you to pay attention to statements made by officials of the US Federal Reserve (J. Yellen, J. Williams, P. Harker and N. Kashkari).
Prices for "black gold" continue to recover after a sharp decline since the beginning of this month. At the moment, the growth of the WTI crude oil futures quotations has exceeded 1.25%.
On Friday #SPY (SPDR S&P 500 ETF) the trading session was completed in the positive zone (+0.12%). The dollar index (#DX) decreased by 0.37%.
The 10-year US government bonds yield is in the range of 2.15-2.16%.
Today we need to pay attention to the following economic reports:
- - The IFO business climate index at 11:00 (GMT+3:00);
- - The statistics on orders for durable goods in the US at 15:30 (GMT+3:00).
At 20:30 (GMT+3:00), the ECB President Draghi will give a speech.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.