by JustForex
Since the beginning of this week, the main currency pairs have demonstrated a variety of trends. Yesterday, the dollar index (#DX) closed the trading session with a slight decrease (-0.06%). At the moment, financial market participants have taken a wait-and-see position before the meetings of the Bank of England and the ECB. We recommend monitoring current information regarding the trade conflict between the US and China, as well as negotiations on NAFTA and Brexit.
The Office for National Statistics published a rather optimistic report on the labor market. In August, the number of jobless claims counted to 8.7K. Market expectations were at the level of 10.0K. The unemployment rate remained unchanged at 4.0%. The growth of average wages, taking into account bonuses, accelerated from 2.4% to 2.6%. At the same time, the GBP/USD currency pair closed the trading session in the negative zone. Investors expect comments by the Bank of England representatives on further monetary policy. The meeting of the Central Bank will be held this Thursday, September 13.
The “black gold” prices have been growing. At the moment, futures for the WTI crude oil are testing a mark of $69.75 per barrel. We recommend paying attention to data on the US crude oil inventories at 17:30 (GMT+3:00).
Market Indicators
Yesterday, the major US stock indices closed in the positive zone: #SPY (+0.33%), #DIA (+0.42%), #QQQ (+0.77%).
The 10-year US government bonds yield shows positive dynamics. At the moment, the indicator is at the level of 2.97-2.98%.
Free Reports:
Get Our Free 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.
by JustForex
