Today, the news background will be very eventful. The ECB will decide on the further monetary policy. Most experts believe that the regulator will leave interest rates at the same level. At the same time, the latest statistics indicate a recovery in the Eurozone economy. We recommend you to pay attention to the comments and statements of the Central Bank representatives.
The Bank of Japan, as expected, left the interest rate unchanged at -0.10%. The regulator revised the time frame for accelerating inflation to the target level. At the moment, the Central Bank is expecting that the consumer prices in the country will grow to 2% per annum by March 2020. At the same time, the Bank of Japan raised its forecast for the GDP growth.
In the Asian trading session, the bearish sentiment prevailed on AUD/USD. This is due to the publication of a weak report on the labor market in Australia. In June, the number of employed population in the country increased by 14,000, which is less than the forecasted value of 15,000.
At the moment, the "black gold" prices are stable. Futures for the WTI crude oil is being traded above $47 per barrel.
Market Indicators
Yesterday #SPY (SPDR S&P 500 ETF (NYSE:SPY)) updated its historic high and closed at 246.99 USD (+0.54%).
At the moment, the U.S. 10-Year government bonds yield is in the range of 2.26-2.27%.
The dollar index (#DX) closed in the positive zone (+0.25%).
The news background on 2017.07.20:
- Statistics on retail sales in the UK at 11:30 (GMT+3:00);
- Decision on the ECB interest rate at 14:45 (GMT+3:00);
- The index of production activity from the Federal Reserve Bank of Philadelphia at 15:30 (GMT+3:00).