Market Overview 2018.01.31

31-01-2018 11:49:11
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EUR/USD

During the Asian trading, the euro strengthened against the dollar. At around 08:30, the euro is exchanged for $ 1.2445, which at the beginning of the European session shows the strengthening of the euro by 0.34%. At 09:55 hours, a set of data from the German labor market for January is expected, and above all a number of newly created jobs and unemployment rates. At 11:00, the preliminary data on the inflation rate in the euro zone will be published in the fourth quarter. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

EURUSD by SGT Markets Forex Broker and CFD | January 31, 2018 EURUSD indicators by SGT Markets Forex Broker and CFD | January 31, 2018

GBP/USD

During Asian trading, the dollar weakened against the British pound. There are no economic news and announcements from the UK today. At 08:30, this currency pair is at $ 1,4194 per pound, which means the pound’s weakening of 0,34%. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

GBPUSD by SGT Markets Forex Broker and CFD | January 31, 2018 GBPUSD indicators by SGT Markets Forex Broker and CFD | January 31, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. At around 08:30, this currency pair is traded at the level of 108.69 yen for one dollar, which at the beginning of the European session makes the dollar weaker than the yen by 0.08%. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

USD/JPY by SGT Markets Forex Broker and CFD | January 31, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | January 31, 2018

GOLD

The price of gold is on the rise during Asian trade, as the dollar is again in the withdrawal phase. The gold price is about $ 1343 for a fine ounce around 8:30 am. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

GOLD by SGT Markets Forex Broker and CFD | January 31, 2018 Gold indicators by SGT Markets Forex Broker and CFD | January 31, 2018

OIL

During the Asian trade, the price of crude oil declined, as the data of the American Petroleum Institute on the stock of more than expected expectations (3.23 million barrels compared to the expected 1.5) was published last night. At the end of the Asian session, crude oil is traded about $ 64.12 per barrel, which gives a drop of around 0.59%.

oil by SGT Markets Forex Broker and CFD | January 31, 2018 Oil indicators by SGT Markets Forex Broker and CFD | January 31, 2018

DAX30

Dax30 fell on Tuesday (-0.95%), closing at 13197.71 points. At 09:55 hours, a set of data from the German labor market for January is expected, and above all a number of newly created jobs and unemployment rates. The loser of yesterday was the action of Deutsche Bank (-4.47%).

Dax30 by SGT Markets Forex Broker and CFD | January 31, 2018 Dax30 indicators by SGT Markets Forex Broker and CFD | January 31, 2018