by JustForex
Yesterday, a strong volatility was observed on the main currency pairs. The dollar index (#DX) closed in the negative zone (-0.33%). The GBP/USD currency pair showed the greatest activity. The pound’s rate has started growing against the rumors about the progress of the Brexit negotiations. According to Bloomberg, Britain and Germany agreed on the abolition of key mutual requirements for the process of the country’s exit from the EU. At the moment, the GBP/USD quotes are testing the round level of 1.2900.
The Bank of Canada, as expected, kept the key interest rate at the previous level of 1.50%. The regulator said that the country’s economy is developing in accordance with the forecasts. At the same time, representatives of the Central Bank are concerned about continuous negotiations regarding new agreement on NAFTA. Investors expect a publication of important statistics on the US economy.
Oil quotes are moderately declining. At the moment, futures for the WTI crude oil are testing a mark of $68.60 per barrel. At 18:00 (GMT+3:00) data on the US crude oil inventories will be published.
Yesterday, the major US stock indices showed mixed results: #SPY (-0.27%), #DIA (+0.07%), #QQQ (-1.29%).
At the moment, the 10-year US government bonds yield is at the level of 2.90-2.91%.
Free Reports:
– Preliminary statistics on the US labor market at 15:15 (GMT+3:00);
– The volume of industrial orders at 17:00 (GMT+3:00);
– The index of economic activity in the non-manufacturing sector from ISM at 17:00 (GMT+3:00).
by JustForex