The US Dollar Has Recouped some of the Losses

Yesterday, the major currency pairs showed a variety of trends. Nevertheless, the US dollar managed to recoup some of the losses. The dollar index (#DX) closed the trading session in the positive zone (+0.15%). Support was provided by optimistic data on the real estate market. In October, new home sales rose by 6.2% to 685,000. Experts expected the index to fall by 6.0%. At the moment, the major currencies are consolidating. Participants of the financial markets expect additional drivers.

Today, investors will follow the speeches of Fed's representatives and the Bank of Canada head Poloz. The Fed's officials may throw light on further plans for the monetary policy. We also recommend paying attention to the financial stability report from the Bank of England and statistics on the US economy.

At the moment, there is a correction in the market of "black gold". Futures for the WTI crude oil are being traded in the range of $57.5-$58.0 per barrel. Investors expect data on crude oil inventories in the US from the American Petroleum Institute. On Thursday, November 30, the OPEC meeting will take place, at which the issue of extending the pact to limit the extraction of raw materials will be considered.

Market Indicators

Yesterday, the major US stock indices showed a variety of trends: #SPY (-0.05%), #DIA (+0.11%), #QQQ (-0.04%).

The 10-year US government bonds yield continues to consolidate. At the moment the indicator is at the level of 2.33-2.34%.

Economic reports from the USA:

- The balance of foreign trade in goods at 15:30 (GMT+2:00);
- The consumer confidence index at 17:00 (GMT+2:00).

by JustMarkets, 2017.11.28

We advise you to get acquainted with the daily forecasts for the major currency pairs.

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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