FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Dollar failed to extend its gains despite the Senate’s bill vote and other positive developments surrounding The US political and economic space while Euro closed the session mixed.

The British Pound realized some gains even with the no-deal drop of 100 pips.

This morning started on a good footing for Aussie as market participants traded the unchanged interest rates as the low rates keep supporting the economy.

More opportunities are likely to appear around the release of EU, GB and US data.

Today’s Forecast for Important Trading Indicators

Market Movers

• USDJPY – Dollar losses momentum despite data deemed otherwise, investors remain cautious on tax plan. Dollar was rejected at the 61.80% Fibonacci Extension at 112.66 as selling pressure following uncertainty around the tax reform weighs in. The Flynn-Trump developments failed to raise sentiment on risk-on assets, neither did the upbeat US factory Orders and the T-Yields. The pair is trading higher ahead of the Japanese CPI and the US ISM releases.

• GBPUSD – May fails to close a GB-EU deal amid Irish Northern Ireland terms, divorce deal on hold. Sterling seems to have reached a top at 1.3548 for now as recent hopes on a Brexit divorce deal faded on Ireland’s demand for same terms as the rest of the UK. The pair plunged over 100 pips after the announcement and trades below the psychological $1.35. On the economic front, the Construction PMI was the source of the bullish momentum during yesterday’s session; Services PMI today at 09:30.
• EURUSD – Euro trades in a tight range in a quiet session, bulls remain under control nonetheless. Euro-Dollar closed the session mixed as Investor Confidence declined. This, paired with the Dollar’s weakness led to a daily ‘battle’ between bulls and bears. However, in the long(ish)-term Euro bulls are winning the game. Market participants look forward to Eurozone-wide PMIs in today’s session.
• USOIL – Crude declines ahead of API as US Shale output weighs in, investors taking profits. Oil prices moved lower to a close of $57.40 per barrel after the market digested last week’s OPEC – Non-OPEC agreement to extend output cuts through the end of 2018. In addition, Crude declined as US Shale Production raised and has been raising every month.
• XAUUSD – Gold maintains a positive outlook above the 200 DMA, following Dollar’s trails. Spot Gold rose some $3/oz yesterday in reflection to a weaker Dollar as uncertainty surrounding the US tax Plan weighed in. Despite all-time highs were seen in the US Stock Market, Dollar failed to extent, hence, Gold buyers took advantage of the opportunity.

• US Indexes – DJ jumped 0.24% higher; S&P 500 fell by 0.11%
• European Indexes – UK 100 trades 0.30% higher, DE 30 1.60% higher.
• Asian Indexes – ASX 200 deteriorated by 0.22%, Hang Seng trades 0.88% lower.
• US Equities – Apple improved by 1.40%, Amazon followed with 1.33%