Yesterday, the US dollar continued to strengthen relative to the basket of major currencies against the 10-year US government bonds yield growth. Also, the US currency was supported after the release of a strong report on existing home sales, which counted to 5.60 million instead of the forecast value of 5.55 million. The US dollar index (DX) closed in the positive zone (+0.68%).
Weakening geopolitical risks also supports the US dollar. On the weekend, North Korea announced the suspension of nuclear and missile tests before the planned talks between South Korea and the United States. Tensions between the US and China also subsided. The US Treasury Secretary Steven Mnuchin said that he intended to discuss trade agreements with China.
The "black gold" prices have resumed growth. At the moment, futures for WTI crude oil are testing a mark of $69.20 per barrel. At 23:30 (GMT+3:00), the weekly report by API on US crude oil stocks will be published.
Market Indicators
Yesterday, bearish sentiment was observed in the US stock market: SPDR S&P 500 (NYSE:SPY) (-0.01%), SPDR Dow Jones Industrial Average (NYSE:DIA) (-0.05%), PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) (-0.25%).
At the moment, the 10-year government bonds yield is at the level of 2.96-2.97%.
The news feed on 2018.04.24:
- IFO business climate index in Germany at 11:00 (GMT+3:00)
- CB consumer confidence index in the US at 17:00 (GMT+3:00)
- New home sales in the US at 17:00 (GMT+3:00).