Optimistic Reports From The U.S. Support USD

Yesterday, a number of optimistic economic reports from the United States was published. The GDP indicator counted to 2.9%, while investors expected a value of 2.7%. The index of pending sales in the real estate market rose to 3.1% against the forecasted value of 2.1%. It supported the US currency. The US dollar index (#DX) closed in the positive zone (+0.88%) yesterday.

However, concerns about the beginning of the trade war between the US and China do not subside. Yesterday it became known that Beijing intended to announce the list of duties on imported goods from the United States in the near future. Meanwhile, Donald Trump discussed with German Chancellor Angela Merkel and French President Emmanuel Macron the issue of conducting trade with China.

The “black gold” prices show a positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $64.75 per barrel. At 20:00 (GMT+3) a report on the US Baker Hughes oil rig count will be published.

Market Indicators

Yesterday, sales prevailed in the US stock market: SPDR S&P 500 (NYSE:SPY) (-0.30%), SPDR Dow Jones Industrial Average (NYSE:DIA) (-0.00%), PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) (-1.15%).

At the moment, the 10-year US government bonds yield is at the level of 2.77-2.78%.

Today we recommend paying attention to the following statistics:

German unemployment change at 10:55 (GMT+3); – UK GDP data at 11:30 (GMT+3); – Report on Canada’s GDP at 15:30 (GMT+3); – Statistics on personal income and spending in the US at 15:30 (GMT+3).

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