The Dollar Index Has Moved From the Local Lows

The US dollar strengthened against a basket of currency majors. The dollar index (#DX) closed yesterday's trading session in the green zone (+0.21%). Investors are still waiting for the latest news regarding the Washington-Beijing trade talks. Donald Trump recently said that "the deal with China is coming along very well." The US President also said that China has already begun to purchase US agricultural products, and added that he would like China to make even more purchases. US Trade Representative Robert Lighthizer, in turn, hopes that Trump and Chinese President Xi Jinping will sign the first phase of the agreement at the APEC summit in November.

The situation concerning Brexit is still unclear. The British Parliament could not reach a common decision on Britain's exit from the EU. British Prime Minister Boris Johnson said he would withdraw the Brexit bill if Parliament did not vote within three days, and would also seek to hold general elections. As a result, the House of Commons of the United Kingdom supported the new Brexit bill, which was approved together with Brussels last week. 329 deputies voted for the document, 299 voted against.

The "black gold" prices are falling after growth the day before. At the moment, futures for the WTI crude oil are testing the $53.85 mark per barrel. At 17:30 (GMT+3:00), US crude oil inventories will be published.

Market Indicators

Yesterday, there was the bearish sentiment in the US stock markets: #SPY (-0.33%), #DIA (-0.15%), #QQQ (-0.80%).

The 10-year US government bonds yield has declined. At the moment, the indicator is at the level of 1.73-1.74%.

The Economic News Feed for 23.10.2019:
  • Today, the publication of important news is not expected.

by JustMarkets, 2019.10.23

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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