During yesterday’s trading, the major currency pairs showed a variety of trends. The dollar index (#DX) closed the trading session with a slight increase (+0.16%). This week, the publication of important economic reports from the US is not planned. We recommend you to monitor the government bonds yield and up-to-date information on the tax reform in the United States. At the moment, the demand for US currency remains at a fairly high level. The probability of increasing the range of the Fed’s key interest rate in December of this year exceeds 90%.

In the Asian trading session, China published mixed data on the trade balance. In October, the proficit of the trade balance was $38.17 billion. Market expectations were at $39.50 billion. Today, the Reserve Bank of New Zealand press conference will be held. It is expected that the regulator will leave the key interest rate at the previous level of 1.75%. We recommend paying attention to the comments of the Central Bank representatives.

The oil quotes have moved away from local highs. The American Petroleum Institute said that over the past week, crude oil inventories fell by 1.562 million barrels, which is less than the forecasted value of 2.700 million barrels. At the moment, futures for the WTI crude oil are testing the mark of $56.9 per barrel.

Market Indicators

Yesterday, the major US stock indices showed a variety of trends: #SPY (-0.07%), #DIA (0.00%), #QQQ (+0.06%).

At the moment, the 10-year US government bonds yield is at the level of 2.31-2.32%.

The news background on 2017.11.08:

– Statistics on the real estate market in Canada at 15:15 (GMT+2:00) and 15:30 (GMT+2:00);
– Crude Oil Inventories in the US at 17:30 (GMT+2:00);
– Meeting of the Reserve Bank of New Zealand at 22:00 (GMT+2:00).

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