The US dollar has become stable against currency majors. The dollar index (#DX) is consolidating near weekly lows. Financial market participants have taken a wait-and-see attitude before the publication of the US labor market report for September. Recent economic releases from the US were pessimistic. Experts expect mixed data: the number of people employed in the US non-farm sector will accelerate from 130,000 to 145,000; the growth in average hourly earnings will be 0.3% (m/m) compared to the previous value of 0.4% (m/m); the unemployment rate will remain unchanged (3.7%). We recommend paying attention to the difference between the actual and forecasted values of the indicators.

In August, retail sales in Australia accelerated by 0.4%, which was below market expectations at 0.5%. Investors continue to monitor trade negotiations between the US and China, as well as the situation concerning Brexit. Donald Trump said that a delegation from China would come to the US next week to participate in trade negotiations. We also recommend paying attention to the statistics from Canada.

The “black gold” prices have been recovering after a continuous fall. Currently, futures for the WTI crude oil are testing the $52.65 mark per barrel.

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Market Indicators

  • Yesterday, there were purchases in the US stock markets: #SPY (+0.82%), #DIA (+0.49%), #QQQ (+1.10%).
  • The 10-year US government bonds yield continues to show negative dynamics. At the moment, the indicator is at the level of 1.52-1.53%.

The Economic News Feed for 04.10.2019:

  • Report on the labor market in the US at 15:30 (GMT+3:00).
  • Ivey PMI in Canada at 17:00 (GMT+3:00).

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