Market Overview 2018.02.07

07-02-2018 10:30:41
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EUR/USD

The euro strengthened against the US dollar during Asian trading. The Asian trade so far has been relatively calm and there have been no increased price fluctuations. Today at 10:00 am, a member of the Executive Board of the European Central Bank, Sabina Lautenschlager, will hold a speech, while at 11:40 an auction of ten-year German government bonds will be held, which can be reflected in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.12%.

EUR/USD by SGT Markets Forex Broker and CFD | February 7, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | February 7, 2018

GBP/USD

The British pound strengthened during Asian trading. The National Institute for Economic and Social Research (NIESR) published an audit of the growth of gross domestic product (GDP) for the benefit of the UK, but it was also mentioned that GDP growth depends on the negotiation barges. This institution also expects the Bank of England to make two interest rate increases in 2018. At 09:30 UK, a Halifax house price index will be published, which can be further reflected in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.09%.

GBP/USD by SGT Markets Forex Broker and CFD | February 7, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | February 7, 2018

USD/JPY

The US dollar weakened against the Japanese yen during European trading. The US currency does not exhibit increased price fluctuations during trading so far. Today at 2:30 pm, William Dadley, a member of the Federal Reserve Open Market Committee, will hold a speech, while at 7:00 pm an auction of ten-year government bonds will be announced, which can be further reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar weakened against the Japanese yen by 0.26%.

USD/JPY by SGT Markets Forex Broker and CFD | February 7, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | February 7, 2018

GOLD

Gold prices strengthened during Asian trade. During the relatively recent relatively quiet trading, the price of gold has strengthened, primarily due to the entry into the purchasing positions of market participants, after the price of this secure investment weakened during previous trading sessions. Today at 2:30 pm, member of the Federal Reserve Open Market Committee, William Dadley, will hold a speech, while at 7:00 pm an auction of ten-year government bonds will be announced, which can be further reflected in the price of gold. During Asian trading, the price of gold rose by 0.23%.

GOLD by SGT Markets Forex Broker and CFD | February 7, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | February 7, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Yesterday’s report by the US Petroleum Institute showed a decline in crude oil stocks, which strengthened this fuel. A US government report on crude oil stocks will also be published today, which can be further reflected in the price of this fuel. During the Asian trade, the price of crude oil increased by 0.76%.

OIL by SGT Markets Forex Broker and CFD | February 7, 2018 OIL indicators by SGT Markets Forex Broker and CFD | February 7, 2018

DAX30

Dax index weakened on Tuesday. The biggest gain was recorded by insurance, software and retail companies. Deutsche Post (+ 0.11%) and the loser of Commerzbank (-4.50%) were separated from the winners. The volatility index that records investors’ sentiment in terms of expected volatility in the coming period has increased by 32.75% and is at 25.55 points, the highest level in the last 52 weeks.

DAX30 by SGT Markets Forex Broker and CFD | February 7, 2018 DAX30 indicators by SGT Markets Forex Broker and CFD | February 7, 2018