Investors Took A Cautious Position

During yesterday's trading, the US dollar remained unchanged relative to the other major currencies. Investors estimated the budget and infrastructure plan published by the White House, which should positively affect the US currency. The US dollar index (#DX) closed in the negative zone (-0.35%). Financial markets participants took a wait-and-see position before the publication of inflation reports and retail sales in the US on Wednesday.

The current day will be important for the British pound, as data on consumer prices will be published. Investors expect that the consumer price index will decrease by 0.1% to 2.9% (year on year). The currency is restrained by the concern about the Brexit, but if the data turns out to be better than the forecasted values, then the monetary policy is likely to come to the fore.

The "black gold" prices began to recover. At the moment, futures for the WTI crude oil are testing a mark of $59.5 per barrel. Today, at 23:35 (GMT+2), a report on API weekly crude oil stock will be published.

Market Indicators

Yesterday, there were aggressive purchases in the US stock market: #SPY (+1.47%), #DIA (+1.71%), #QQQ (+1.77%).

At the moment, the 10-year US government bonds yield is at the level of 2.86%.

The news feed on 2018.02.13:

- The consumer price index in the UK at 11:30 (GMT+2).

Disclosure: 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, ...

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