The USD keeps strengthening against the basket of world currencies. The USD index (#DX) has updated the annual maximums and went over 97. The demand for the USD is kept by the prospects of increasing the key interest rate. At the moment, more than 75% of the market participants are sure that it will happen in December. Additional support is provided by the positive economic reports. October’s Producer Price Index reached +0.6%, which is above the expectations of +0.2%.
EUR and GBP are still under pressure due to the conflicts regarding the budget of Italy and the Brexit conundrum. The investors are waiting for the new information regarding the US and China trading conflict. The key events this week are the statement by the Head of the Federal Reserve and a series of economic reports from the US.
The quotes on oil are recovering after a long fall. Currently, the WTI futures are trading at $61.15.
Market Indicators
This Friday the US stock market was showing a bearish sentiment: #SPY (-0,98%), #DIA (-0,77%), #QQQ (-1,69%).
The 10-year US government bonds yield is 3.18-3.19%.
