by JustForex
The US dollar shows ambiguous results against major competitors. Yesterday, the dollar index (#DX) closed the trading day with a slight decline (-0.18%). Financial market participants continue to follow the negotiations in the US Congress on a new stimulus package for the country’s economy. Demand for the British pound has grown following reports that Brussels and London may extend Brexit negotiations after the mid-October deadline.
European stocks have collapsed amid the rapid spread of the COVID-19 epidemic, which causes significant damage to the EU economy. Some countries have introduced new restrictive measures. At the moment, the number of infected in the world has exceeded 38.5 million. Today, we recommend paying attention to economic releases from the US.
The “black gold” prices show a negative trend. At the moment, futures for the WTI crude oil are testing the $40.20 mark per barrel. We recommend paying attention to the data on EIA crude oil inventories at 18:00 (GMT+3:00).
Market indicators
Yesterday, there was the bearish sentiment in the US stock market: #SPY (-0.63%), #DIA (-0.56%), #QQQ (-0.84%).
The 10-year US government bonds yield has been declining. The indicator has reached 0.70-0.71%.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
- – Initial jobless claims in the US at 15:30 (GMT+3:00);
- – Philadelphia Fed manufacturing index at 15:30 (GMT+3:00).
by JustForex
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.
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024
- QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high Apr 25, 2024
- Japanese yen hits all-time low as BoJ meeting commences Apr 25, 2024