by JustForex
Asian stock indices got a bullish driver after the American ones. The US Congress is gradually moving closer to an agreement on a package of measures to stimulate the economy. The credit market is calm. Treasury bond yields remained almost unchanged. The same dynamic is observed in the foreign exchange market. The exception is the British sterling, where growth was provoked against the backdrop of positive promises from Michel Barnier.
Investors are observing modest gains in stock indices, but on a large scale. Despite trade tensions between China and Australia, it was the Australian market that took the lead. The market is becoming more and more confident that the House of Legislature will make a positive decision on the direct infusion of funds into the US economy. But we are not talking about an amount of over $900 billion, but only about $748 billion.
The Fed will announce the results of its two-day meeting tonight. The rate is expected to remain unchanged. Changes can be affected by the bond purchases and on the basis of expanding the range of redeemable yields. But the most important factor in the movement of markets will be economic forecasts. Investors will closely monitor the regulator’s expectations for changes in inflation and GDP.
Treasuries are stable at 0.900%. The dollar index resumed its decline and reached 90.18 – the new minimum for the year.
Market indicators
Major stock indices are trading in different directions, but mostly in the negative zone:
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
S&P 500 (F) 3.696.38 +9.38 +0.25%
Dow Jones 30.199.31 +337.76 +1.13%
DAX 13.547.55 +184.68 +1.38%
FTSE 100 6.574.65 +61.33 +0.94%
- – UK Consumer Price Index (YoY) (Nov) at 10:00 (GMT+2);
- – German Manufacturing PMI (Dec) at 11:30 (GMT+2);
- – UK Service Sector PMI at 12:30 (GMT+2);
- – Retail Sales (m/m) in the USA at 16:30 (GMT+2);
- – Core CPI in Canada (m/m) (Nov) at 16:30 (GMT+2);
- – US crude oil reserves at 18:30 (GMT+2);
- – Results of the FRS meeting at 21:00 (GMT+2).
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.
- European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024
- Japanese yen shows volatility amid speculation of intervention Apr 29, 2024
- 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