by JustForex
On Friday, the US dollar slightly weakened against a basket of major currencies. The US dollar index (#DX) closed in the negative zone (-0.07%). At the moment, investors are focused on trade relations between the US and China. The next round of negotiations between the delegations of the countries will be held in Washington. Last week, the US and China reported on progress in trade negotiations, but the US President, Donald Trump, said the negotiations were difficult and he could postpone the increase in duties on Chinese goods scheduled for March 1.
On Wednesday, the FOMC meeting minutes will also be published, which may provide additional information on US monetary policy. In addition, important US economic reports will be released, including data on the durable goods orders, as well as the real estate market. At the moment, the currency majors are consolidating.
The “black gold” prices are rising. At the moment, futures for the WTI crude oil are testing the mark of $56.50 per barrel. A decrease in oil production by OPEC+ countries supported oil quotes.
Market Indicators
On Friday, the bullish sentiment was observed in the US stock market: #SPY (+1.09%), #DIA (+1.37%), #QQQ (+0.42%).
The 10-year US government bonds yield is at 2.66-2.67%.
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Today, the publication of important economic data is not expected. Financial markets of the US and Canada are closed. Family Day is celebrated in Canada, and Presidents’ Day is celebrated in the US.
by JustForex
