On Friday, the US dollar continued to decline against a basket of major currencies despite optimistic economic data. The US dollar index #DX closed in the negative zone (-0.59%). So, on Friday, a report on existing home sales was published, the figure counted to 5.34M in May, while experts expected 5.29M. The greenback is still under pressure after the Fed meeting. The regulator is ready to consider the issue of reducing the key interest rate at the next meetings. At the moment, investors are focused on whether Washington and Beijing will be able to eliminate the trade conflict at the G20 summit in Japan. The two-day summit will start on Friday.

The euro jumped to a high in three months amid a decline in the US currency. The publication of positive economic statistics from the Eurozone supported the European currency. Thus, German manufacturing PMI counted to 45.4 in June and turned out to be better than the forecasted value of 44.6. Markit composite PMI counted to 52.1 in June and was better than the expected value of 51.8.

The “black gold” prices are rising amid tensions between Iran and the United States after US Secretary of State, Mike Pompeo, announced that serious sanctions would be imposed on Tehran. At the moment, futures for the WTI crude oil are testing the mark of $57.90 per barrel.

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Market Indicators

  • On Friday, there was the bearish sentiment in the US stock market: #SPY (-0.63%), #DIA (-0.37%), #QQQ (-0.15%).
  • The 10-year US government bonds yield is at 2.04-2.05%.

The news feed on 2019.06.24:

  • German IFO business climate index at 11:00 (GMT+3:00).

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