The US Dollar Is Stable

The strained trade relations between the US and China are still in the focus of attention. However, investors try not to panic ahead of time. This week, Donald Trump`s administration should publish a list of goods from China, on which duties will be imposed. During yesterday's trading, the US dollar did not change a lot relative to the major currencies. The US dollar index (#DX) rose slightly and closed in the positive zone (+0.16%).

The Japanese currency has been strengthening against the US dollar. As usual, the demand for safe assets rises during a period of instability in the financial markets. Today, we recommend paying attention to the publication of important economic reports from the United States, as well as monitoring trade relations between the US and China.

The "black gold" prices are consolidating. According to the American Petroleum Institute, the US oil inventories declined by 3.28 million barrels. Futures for the WTI crude oil are testing a mark of $63.25 per barrel. At 17:30 (GMT+3:00), a report on the US crude oil inventories will be published.

Market Indicators

Yesterday, there were aggressive purchases in the US stock market: #SPY (+1.28%), #DIA (+1.69%), #QQQ (+1.13%).

At the moment, the 10-year US government bonds yield is at the level of 2.77-2.78%.

The news feed on 2018.04.04:

- the index of business activity in the UK construction sector at 11:30 (GMT+3:00);
- consumer price index in the Eurozone at 12:00 (GMT+3:00);
- unemployment rate in the Eurozone at 12:00 (GMT+3:00);
- ADP nonfarm employment change at 15:15 (GMT+3:00);
- the index of business activity in the US non-manufacturing sector at 17:00 (GMT+3:00).

by JustMarkets, 2018.04.04

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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