The Meetings of the Central Banks Are in the Focus of Attention

Yesterday, the US dollar weakened against the currency majors. The dollar index (#DX) closed the trading session in the negative zone (-0.42%). This is due to the release of weak statistics. In August, the producer price index in the US fell by 0.1%. Experts forecasted the indicator at +0.2%. This report lowered the expectations of financial market participants regarding the increase in the key interest rate of the Fed in December this year.

Today, the meetings of the Bank of England and the ECB will be the key events. It is expected that regulators will leave interest rates unchanged. We recommend paying attention to the comments by representatives of the Central Banks. The escalation of trade conflict between the US and China continues. It became known that on Friday, the US President Donald Trump could impose new duties on imports of Chinese goods.

The "black gold" prices have started declining after the rapid growth at the beginning of this week. At the moment, futures for the WTI crude oil are testing a mark of $69.80 per barrel.

Market Indicators

Yesterday, the major US stock indices showed mixed results: #SPY (+0.02%), #DIA (+0.08%), #QQQ (-0.29%).

At the moment, the 10-year US government bonds yield is at the level of 2.96-2.97%.

- Bank of England interest rate decision at 14:00 (GMT+3:00);
- ECB interest rate decision at 14:45 (GMT+3:00);
- Core consumer price index in the US at 15:30 (GMT+3:00).

by JMarkets, 2018.09.13

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.