by JustForex
Last week, the US dollar closed with a decline against a basket of currency majors. The dollar index (#DX) moved away from local highs and closed in the red zone. The US has published some ambiguous economic releases. At the same time, Fed Chairman Jerome Powell said the US economy was stable and the official did not see a risk of recession. In the near future, the regulator plans to keep interest rates at current levels. Financial market participants continue to monitor the settlement of the trade conflict between Washington and Beijing.
White House economic adviser, Larry Kudlow, said China and the US were approaching an end to their trade war, which has been going on for 16 months. On Sunday, Xinhua, China’s news agency, reported that the parties had “constructive talks” via the phone, but they didn’t give any information about it.
The “black gold” prices have been growing. Currently, futures for the WTI crude oil are testing the $57.80 mark per barrel.
Market Indicators
On Friday, there was the bullish sentiment in the US stock markets: #SPY (+0.72%), #DIA (+0.61%), #QQQ (+0.73%).
The 10-year US government bonds yield has not changed. At the moment, the indicator is at the level of 1.84-1.85%.
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- Today, the publication of important economic news is not expected.
by JustForex
