The major currencies are consolidating

On Friday, the USD has moved away from the monthly highs. The USD index (#DX) closed in the negative zone (-0.21%). The American currency was under pressure after the publication of the report on existing home sales, which counted to 5.15M instead of the expected 5.30M. Overall, the demand for USD is at a fairly high level

The CAD weakened against the USD after the publication of the weak economic stats. Therefore, the core consumer price index has lowered to 1.5% year-on-year. The core retail sales index fell in September to -0.4%, while experts expected a growth of 0.2%.

The investors' attention is focused on the Brexit issue. Last week, Great Britain and the EU weren’t able to reach the agreement about the exit of the UK from the union. This weekend was marked by a mass protest in London, demanding a referendum regarding the final agreement on Brexit. There will be a meeting of the Bank of Canada and ECB this trading week. We also recommend you keep an eye on the reports by the FOMC representatives and the US GDP report for the 3 quarter.

The oil quotes are rising. Currently, futures for the WTI crude oil are testing a mark of $69.80 per barrel.

Market Indicators

On Friday, the major US indices were showing a variety of trends: #SPY (-0,05%), #DIA (+0,25%), #QQQ (-0,09%).

Currently, the 10-year US government bonds yield is at the level of 3.19-3.20%.

Today the publication of important news is not expected.

by JMarkets, 2018.10.22

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.