Fundamental analysis 2018.02.22

22-02-2018 12:44:59
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EUR/USD

During the Asian trade, the euro weakened against the dollar. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the committee heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At 10:00 o’clock, ifo is an indicator of the business climate sentiment in Germany for February. At around 8:20 pm, the euro is exchanging 1.2266 dollars, which at the beginning of the European session shows a gain of 0.14%. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

GBP/USD

During the Asian trading, the dollar strengthened against the British pound. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the board heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At 10:30, preliminary data on GDP growth in the UK in the fourth quarter of 2017 will be published. At around 8:20 pm, this currency pair is at $ 1.3879 per pound, which means a gain of 0.28%. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

USD/JPY

During Asian trading, the Japanese yen weakened against the dollar. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the committee heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At around 8:20 pm, this currency pair is traded at 107.59 yen per dollar, which makes the dollar a stronger yen by 0.17% at the beginning of the European session. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

GOLD

The price of gold has been falling since Friday last week. The US dollar is at its highest level in the last ten days compared to a basket of strong currencies. Last week’s notes from the last US Federal Reserve meeting were published. They showed that in the second half of March, most likely, a new increase in the interest rate, first this year. The price of gold is around 8:25 am around $ 1321 for a fine ounce.

OIL

During the Asian trade, the price of crude oil declined as the stronger dollar was dominated by the news from the American Petroleum Institute, which announced last night that crude oil stocks fell (-0.9 million barrels and a growth of 1, 3 million). Before the end of the Asian session, crude oil is traded about $ 61.01 per barrel, which gives a drop of about 1.09%.