The greenback shows a variety of trends against its main competitors. The dollar index (#DX) is consolidating in the range of 93.30-93.85. On Friday, October 16, the US released optimistic retail sales data for September. Investors continue to monitor discussions on new economic stimulus in the US before the November 3 presidential election. Financial markets are under pressure due to the COVID-19 virus epidemic. The number of infected in the world has approached 40 million.
Financial market participants expect new statements by the British Prime Minister concerning the country's exit from the EU. It should be recalled that the deadline for Brexit negotiations was scheduled for October 15th. Today, during the Asian trading session, a number of important economic releases have been published. Japan's trade balance was 675.0B (Sep), compared to market expectations of 989.9B. In the third quarter, China's GDP growth accelerated and counted to 4.9%. At the same time, experts forecasted indicators at 5.2%.
The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are testing the $40.90 mark per barrel.
Market indicators
On Friday, there was a variety of trends in the US stock market: #SPY (-0.06%), #DIA (+ 0.33%), #QQQ (-0.55%).
The 10-year US government bonds yield has started growing. The indicator has reached 0.77-0.78%.
At 15:30 (GMT+3:00), data on wholesale sales in Canada will be published.
We also recommend paying attention to the speeches by the heads of the ECB and the Fed.
by , 2020.10.19
We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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