by JustForex
During yesterday’s trading session, the greenback significantly weakened against currency majors. The dollar index (#DX) has updated monthly lows and closed in the red zone (-0.49%). The US currency is still weak before the US presidential election scheduled for November 3. At the moment, polls give the lead to the Democratic candidate Biden. Investors also continue to monitor negotiations on a new stimulus package in the US.
According to the Fed’s Beige Book, most US federal districts showed weak or moderate economic growth from late August to early October. The UK and EU plan to resume trade talks later this week. Investors will assess important US economic releases today.
The “black gold” prices have become stable after a sharp collapse the day before. At the moment, futures for the WTI crude oil are testing the $40.20 mark per barrel.
Market indicators
Yesterday, there were sales in the US stock market: #SPY (-0.19%), #DIA (-0.35%), #QQQ (-0.08%).
The 10-year US government bonds yield has become stable. At the moment, the indicator is at the level of 0.81-0.82%.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly 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);
- – Existing home sales in the US at 17:00 (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.
- 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