US dollar index has recovered losses

27 December, 2018

The US dollar strengthened against a basket of major currencies during yesterday's trading. American currency was supported by the news that the US government delegation would go to Beijing for talks, which, according to preliminary data, would take place on January 7. It should be recalled that in early December, Chinese President, Xi Jinping, and the US President, Donald Trump, met at the G20 summit and agreed to freeze the introduction of 25% duties on Chinese goods for 90 days. The dollar index (#DX) closed yesterday in the positive zone (+0.60%).

Yesterday, the news feed was rather calm, as the financial markets of most countries were closed due to the Boxing Day. Today we expect important economic statistics from the United States.

The "black gold" prices have continued to recover. At the moment, futures for the WTI crude oil are testing the mark of $45.65 per barrel. At 23:30 (GMT+2:00), a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, aggressive purchases were observed on the US stock market: #SPY (+5.05%), #DIA (+4.86%), #QQQ (+6.24%).

The 10-year US government bonds yield has begun to recover. Currently, the indicator is at the level of 2.76-2.77%.

The news feed on 27.12.2018:

  • - CB consumer confidence index in the US at 17:00 (GMT+2:00); 
  • - New home sales at 17:00 (GMT+2:00).

by JustForex, 2018.12.27

Source link  
Trading on currency majors is calm

Trading activity and volatility on currency majors decreased due to the New Year holidays. At the moment, the dollar index (#DX) is declining. A report...

Dollar index updated monthly lows

The US dollar is declining against a basket of major currencies after news from the United States. The US President, Donald Trump, refuses to sign...

Dollar decreasing after FED meeting

The US dollar fell against a basket of major currencies after the Fed meeting. Yesterday, the regulator raised the interest rate at 25 basis points to 2.50%, as...

Bulls are dominating on oil market

Sellers continue to prevail on the black gold market. The WTI crude oil futures grew by more than 5.5% during the last 2 weeks. The oil prices have reached...

Uncertainty on the Oil Market

There was a correction on the oil market since the beginning of October after a strong growth in September that appeared to be more than 10%...

US currency lost its achievements

The level of inflation in the US still does not reach the Fed target mark. At the moment, the technical pattern is ambiguous. EUR/USD is consolidating...


Share it on:   or