Trade Negotiations between the US and China Are in the Focus of Attention

During yesterday's trading, the US dollar strengthened slightly against a basket of currency majors. The dollar index (#DX) closed in the green zone (+0.06%). Trade negotiations between the US and China are still in the focus of attention. It became known that Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Secretary of the Treasury Steven Mnuchin reached an agreement on resolving core issues. These events caused a decrease in demand for safe haven currencies. We recommend following the current information.

Fed Chairman Jerome Powell said the regulator planned to keep interest rates unchanged. It should be recalled that this year the Central Bank reduced the range of key interest rates three times. At the moment, the indicator is at the level of 1.50%-1.75%. British Prime Minister Boris Johnson promised to submit a Brexit deal to Parliament before Christmas. Today, financial market participants will assess important economic releases from the US.

There is the bullish sentiment in the "black gold" market. Currently, futures for the WTI crude oil are testing the $58.05 mark per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: #SPY (+0.78%), #DIA (+0.70%), #QQQ (+1.18%).

The 10-year US government bonds yield has been declining. At the moment, the indicator is at the level of 1.74-1.75%.

• - CB consumer confidence index in the US at 17:00 (GMT+2:00).
• - New home sales in the US at 17:00 (GMT+2:00).

by JustMarkets, 2019.11.26

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.