HomeContributorsFundamental AnalysisThe US Dollar Is Condolidating. Brexit Voting Is Canceled

The US Dollar Is Condolidating. Brexit Voting Is Canceled

The US dollar is changing slightly against a basket of currency majors. The dollar index (#DX) closed yesterday’s trading session with a slight increase (+0.04%). Investors’ sentiment improved amid news of positive developments in US-China talks. Chinese Vice-Foreign Minister Le Yucheng said the parties had made progress in the negotiations. US President Donald Trump, in turn, said that the settlement of the trade dispute was progressing well.

Investors also continue to monitor the situation in the UK. Yesterday, British Parliament Speaker John Bercow said that a repeat vote for or against the Brexit deal would not be held, as this issue has already been considered. He believes that the vote would be a repeat of the stage passed. The issue of the deal was already considered at the weekend, after which Boris Johnson was forced to make a request to the EU on the Brexit delay.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing the $53.55 mark per barrel. At 23:30 (GMT+3:00) API weekly crude oil stock will be published.

Market Indicators

  • Yesterday, the bearish sentiment was observed in the US stock markets: #SPY (-0.68%), #DIA (-0.21%), #QQQ (-0.89%).
  • The 10-year US government bonds yield is consolidating. At the moment, the indicator is at the level of 1.77-1.78%.

The Economic News Feed for 22.10.2019:

  • Report on retail sales in Canada at 15:30 (GMT+3:00);
  • Existing home sales in the US at 15:30 (GMT+3:00).
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