by JustForex
On Friday, the US currency weakened against the basket of major currencies despite a positive report on GDP. The value rose to 4.1% in the second quarter, as experts expected. The growth of the US economy gives grounds for the Fed to adhere to a gradual increase in the interest rate. However, the tension between the US and trading partners is still high. The US dollar index (#DX) closed in the negative zone (-0.08%).
This week, economic reports from the US, Japan, the Eurozone and the UK will be in the focus of attention. Also, the conflict between the US and China is still not closed. It is expected that on Wednesday the United States will introduce again additional duties on Chinese goods $16 billion worth. China is likely to respond the same. We recommend following the economic calendar, as well as the up-to-date information regarding the trade war.
The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $69.00 per barrel.
Market Indicators
On Friday, the bearish sentiment was observed in the US stock market: #SPY (-0.68%), #DIA (-0.34%), #QQQ (-1.35%).
At the moment, the 10-year US government bonds yield is at the level of 2.96-2.97%.
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– German consumer price index at 15:00 (GMT+3:00);
– Pending home sales index in the US at 17:00 (GMT+3:00).
by JustForex
