Forex Analysis 2018.07.24

24-07-2018 12:11:39
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EUR/USD

During the Asian trade, the euro weakened against the dollar and added less profits. Donald Tramp made the Fed’s independence, but the impression remains that this will not affect the dynamics of interest rates. At around 08:50 hours, the euro is exchanged for $ 1.1662, which at the beginning of the European session shows a weakening of the euro by 0.26%.

EUR/USD by SGT Markets Forex Broker and CFD | July 24, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 24, 2018

GBP/USD

During the Asian trade, the British pound weakened against the US dollar. Political risk on the British Isles has not begun but is rising, as there is less time to reach an agreement with the EU, and the island still has an atmosphere of guessing which way to go. At around 08:50 hours, this currency pair is at $ 1.3078 per pound, which means the weakening of the pound by 0.18%. At noon, the index of managerial mood in the manufacturing industry of the UK will be published, and at 15:45 hours, and methodologically very similar, the preliminary indicator of the sentiment of the manufacturing industry in the USA.

GBP/USD by SGT Markets Forex Broker and CFD | July 24, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | July 24, 2018

USD/JPY

The US dollar weakened against the Japanese yen during the Asian trade, but ultimately strengthened and emerged as a winner. Yesterday’s speculation – that the Bank of Japan is considering the possibility of reducing the program of mass monetary incentives is no longer in the foreground. At around 8:50 am, the US dollar is exchanged for 111.43 Japanese yen, which represents an increase in the yen by 0.09%. At 15:45, a preliminary indicator of the sentiment of the manufacturing industry in the United States will be published.

USD/JPY by SGT Markets Forex Broker and CFD | July 24, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 24, 2018

GOLD

The price of gold is in a mild fall in Asian trade, as the US dollar is recovering well after the fall recorded on Friday. At around 08:45, the price of gold is around $ 1,219.5 for a fine ounce. At 3:45 pm, a preliminary indicator of the sentiment of the manufacturing industry in the United States will be published, which, to the extent that affects the US dollar, may also reflect the short-term price movement of precious metals.

GOLD by SGT Markets Forex Broker and CFD | July 24, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 24, 2018

OIL

During the Asian trade, the price of crude oil declined slightly, although the US president sharply threatened Iran after the Persian state threatened to overturn the strategic bridge of Hormuz over the weekend, through which the bulk of world oil supplies pass. At around 08:45 hours, crude oil is traded about $ 67.77 per barrel, which has dropped 0.18% since the beginning of trading today. On Friday, the number of active oil wells in the United States showed a decline of five units (a total of 858).

OIL by SGT Markets Forex Broker and CFD | July 24, 2018 OIL indicators by SGT Markets Forex Broker and CFD | July 24, 2018