On Friday, the US dollar weakened against a basket of major currencies despite the partial recovery of the US government. The US President, Donald Trump, reached a temporary deal with Congress, according to which the government will resume work until February 15. Within three weeks, the President and Congress should reach an agreement on a wall on the border with Mexico. The US dollar index (#DX) closed in the negative zone (-0.86) on Friday.

The current trading week will be full of important macroeconomic events. The Fed will announce its decision on a key interest rate. According to experts, the regulator will keep the interest rate at the level of 2.25-2.50%. Investors will also closely monitor the vote in the British Parliament on the Brexit plan proposed by Prime Minister, Theresa May. On Friday, February 1, a report on the US labor market for January will be published.

The “black gold” prices are falling. At the moment, futures for the WTI crude oil are testing the mark of $52.70 per barrel.

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Market Indicators

On Friday, the bullish sentiment was observed in the US stock market: #SPY (+0.85%), #DIA (+0.78%), #QQQ (+1.19%).

The 10-year US government bonds yield fell slightly. At the moment, the indicator is at the level of 2.74-2.75%.

The News Feed on 28.01.2019:

Today, the publication of important economic data is not expected. We recommend paying attention to the speeches by the heads of the ECB and the Bank of England.

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