Yesterday’s trades on the majors were calm. The dollar index (DX) closed the trading session with a slight increase (+0.13%). The GBP/USD currency pair demonstrated the greatest fall. The pound was under pressure due to the political risks growth in the UK. Support for the US dollar was provided by the growth of government bonds yield. At the moment, investors took a wait-and-see attitude before the publication of important economic reports from the UK, the Eurozone and the US. The attention of the participants of financial markets is focused on the speeches of the chairmen of the leading Central Banks.

In October, the volume of industrial production in China increased by 6.2% (year-on-year), which is less than the forecast value at 6.3%. Preliminary data on German GDP were quite optimistic. It is expected that Germany’s economy will grow by 0.8% in the third quarter. Market expectations were at the level of 0.6%.

At the moment, the “black gold” prices demonstrate a negative dynamics. Futures for the WTI crude oil are being traded near $56.50 per barrel. Investors expect a report on crude oil reserves in the US from the American Petroleum Institute.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: SPY (+0.09%), DIA (+0.10%), QQQ (+0.12%).

The 10-year US government bonds continue to show positive dynamics. At the moment, the indicator is at the level of 2.40-2.41%.

Today we recommend you to pay attention to the following statistics:

  • inflation report in the UK – 11:30 (GMT+2:00);
  • preliminary data on the GDP of the Eurozone – 12:00 (GMT+2:00);
  • producer price index in the USA – 15:30 (GMT+2:00).
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