Trading on currency majors is calm

2 January, 2019

In December, China Caixin Manufacturing PMI slowed down from 50.2 to 49.7. Economists forecasted growth to 50.3. Today, financial market participants will assess indicators of economic activity in the Eurozone and the UK.

The bearish sentiment still prevails in the "black gold" market. At the moment, futures for the WTI crude oil are testing the mark of $44.85 per barrel.

Market Indicators

Yesterday, the main financial markets were closed due to the New Year holidays.

The 10-year US government bonds yield shows negative dynamics. Currently, the indicator is at the level of 2.69-2.70%.

The economic calendar on 02.01.2019:

  • The index of economic activity in the manufacturing sector in Germany at 10:55 (GMT+2:00); 
  • The index of economic activity in the UK manufacturing sector at 11:30 (GMT+2:00).

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