The Currency Majors Showed Mixed Results

Yesterday trading on the main currency pairs was quite active. Unidirectional trends were not observed. The dollar index (#DX) kept the current levels. Support for the US currency was provided by optimistic economic reports. Preliminary data pointed to the growth in the US GDP (3 square.) By 3.3%, which is higher than market expectations at 3.2%. In October, the index of pending sales in the real estate market increased by 3.5%. Experts expected the growth rate of 1.0%. At the same time, the growth of the US dollar was moderate. Geopolitical risks on the Korean peninsula continue to put pressure. Investors expect additional information on the tax reform in the US.

In November, the index of business activity in the manufacturing sector of China rose to 51.8 from 51.6. Today, a number of important statistics on the economy of the Eurozone and the United States will be published. We also recommend paying attention to the dynamics of the US government bonds yield.

At the moment, the oil quotes are consolidating. Investors took a wait-and-see attitude before the OPEC meeting. At the moment, futures for the WTI crude oil are being traded in the range of $57.50-$57.75 per barrel.

Market Indicators

Yesterday, the major US stock indexes showed a variety of trends: #SPY (-0.06%), #DIA (+0.45%), #QQQ (-1.74%).

The 10-year US government bonds yield has grown significantly. At the moment, the indicator is at the level of 2.38-2.39%.

- A report on the German labor market at 10:55 (GMT+2:00);
- The preliminary data on inflation in the Eurozone at 12:00 (GMT+2:00);
- Statistics on personal income and spending in the US at 15:30 (GMT+2:00);
- The index of business activity in Chicago at 16:45 (GMT+2:00).

by JMarkets, 2017.11.30

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.