On Wednesday, the Greenback held steady vs. a basket of major currencies, as optimism surrounding a major U.S. tax reform bill began to decline. On the release front, markets are awaiting the U.S. Existing-Home Sales index, which measures sales and prices of existing single-family homes for the nation overall.
The Single currency rose slightly by 0.08% vs. the dollar, to settle at $1.1848.
The Sterling pound rose by 0.10% vs. the Greenback, to settle at $1.3400. Traders are awaiting Mark Carney's speech at Parliament Hearing in London, as he could mention the next direction on the GBP.
The JPY fell as much as 0.24% vs. the USD, to settle at ¥113.18. today, traders are awaiting Japan Buying Foreign Bonds and Japan Buying Foreign Stocks.
Gold prices settled high as the Greenback held steady on anticipations the U.S. government could pass the country's biggest tax overhaul since the 1980s. Gold Futures - Feb 18 (GCG8) rose as much as 0.29%, to settle at $1,267.90.
Earlier today, Oil prices settled high, backed by anticipations of a fall in U.S. crude stockpiles and by the ongoing outage of the Forties pipeline in the North Sea, which is one of Europe’s most important oil pipeline systems. The loss of around 400k barrels a day of Forties crude, which is significant and may support oil prices for weeks. On the release front, traders are awaiting the U.S. Crude Oil Inventories data, which is expected to hit -3385k from -5117k.
Crude Oil WTI Futures - Jan 18 (CLF8) rose as much at 0.30% at $57.74 and Brent Oil Futures - Jan 18 (LCOF8) was up by 0.02% at $63.81.
The most important economic events:
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