The US Dollar Continued to Decline

Yesterday, the US currency continued to decline against the basket of major currencies after the speech by the Fed Chairman Jerome Powell. The US dollar index (#DX) closed in the negative zone (-0.41%). Meanwhile, yesterday it became known that the US and Mexico reached a new agreement on the future of the North American Free Trade Area (NAFTA). This can change the sentiment in the financial markets.

The euro was supported by German IFO business climate index published yesterday, which counted to 103.8 and was better than the expected value of 101.9. Today, investors have taken a wait-and-see attitude before the publication of CB consumer confidence index in the US.

The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $68.75 per barrel. At 23:30 (GMT+3:00) the API weekly crude oil stock will be published.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.79%), #DIA (+1.06%), #QQQ (+1.02%).

At the moment, the 10-year US government bonds yield is at the level of 2.84%-2.85%.

The news feed on 2018.08.28:

- CB consumer confidence index at 17:00 (GMT+3:00).

by JustForex, 2018.08.28

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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