Investors Expect The Inflation Report In The US

Yesterday, the US dollar continued to decline relative to other majors. The yen showed the biggest growth. In the fourth quarter of 2017, Japan’s GDP increased by 0.5% (year on year), which is below the forecasted value of 0.9%. At the same time, the country’s economy shows a steady growth 8 quarters in a row. The American currency has risen in price against the Canadian dollar because of the decline in oil prices. Today, the financial market participants took a wait-and-see position before the publication of the inflation report in the United States. We also recommend paying attention to the retail sales statistics.

Yesterday, the inflation report was published in the UK, which showed that the inflation remained at the same level. Consumer prices rose by 3.0% year on year, while investors expected the growth of this indicator by 2.9%.

The “black gold” prices began to recover during the Asian trading session. At the moment, futures for the WTI crude oil are testing a mark of $59 per barrel. At 17:30 (GMT+2:00), a report on the crude oil inventories in the US will be published.

Market Indicators

Yesterday, the major US stock indices closed the trading session in the positive zone: #SPY (+0.25%), #DIA (+0.16%), #QQQ (+0.52%).

The 10-year US government bonds yield is at the level of 2.82%.

The news feed on 2018.02.14:

– Eurozone GDP statistics at 12:00 (GMT+2:00); 
– Inflation and retail sales reports in the US at 15:30 (GMT+2:00).