The US dollar fell against the major currencies because of the news from the White House. Yesterday, the US President Donald Trump unexpectedly fired Foreign Minister Rex Tillerson. Also, the president intends to introduce import duties from China for up to $60 billion. The US dollar index closed in the negative zone (-0.19%).
The US currency was under pressure due to the weak inflation statistics in the US. In February, core inflation slowed from 0.3% to 0.2%, which met the market expectations. The figure was 1.8% (on a year-on-year basis). The slowdown in the growth of wages and consumer prices in the US indicates that today's report on retail sales may be weak.
The "black gold" prices fell due to an increase in shale oil production. Futures for the WTI crude oil are testing a mark of $60.75 per barrel. We recommend you to pay attention to the report on crude oil inventories in the US at 16:30 (GMT+2:00).
Market Indicators
Yesterday, the major stock indices in the US closed in the negative zone: SPDR S&P 500 (NYSE:SPY) (-0.65%), SPDR Dow Jones Industrial Average (NYSE:DIA) (-0.69%), PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) (-1.36%).
At the moment, the 10-Year government bonds yield is at the level of 2.83-2.84%.
The news feed on 2018.03.14:
- The volume of industrial production in the Eurozone at 12:00 (GMT+2:00);
- Producer price index in the US at 14:30 (GMT+2:00);
- Retail sales report in the US at 14:30 (GMT+2:00);
- The GDP data in New Zealand at 23:45 (GMT+2:00).
We also recommend paying attention to the speech of the head of the ECB.