During yesterday's trading session, the greenback strengthened significantly against a basket of world currencies. The dollar index (#DX) closed in the green zone (+0.82%). Major stock indices and "black gold" prices have fallen sharply. Financial market participants are concerned about the second wave of COVID-19 outbreak. The United States reported more than 2 million coronavirus cases as of June 12, as well as a re-wave of infection in the most populous states.
The UK has published pessimistic economic releases. The Office for National Statistics reported that GDP fell by 20.4% (m/m), which is below market expectations at 18.7%. The volume of manufacturing production decreased by 24.3% compared to the forecasted value of 15.8%.
Oil quotes have set new local lows. Currently, futures for the WTI crude oil are testing the $36.00 mark per barrel. We recommend paying attention to the US Baker Hughes rig count at 20:00 (GMT+3:00).
Market indicators
Yesterday, there were aggressive sales in the US stock market: #SPY (-5.76%), #DIA (-6.81%), #QQQ (-4.95%).
The 10-year US government bonds yield has been growing. At the moment, the indicator is at the level of 0.70-0.71%.
- - Eurozone industrial production at 12:00 (GMT+3:00).
by , 2020.06.12
We advise you to get acquainted with the daily forecasts for the major currency pairs.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.
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