Market Overview 2018.02.19

19-02-2018 11:03:00
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Today, relatively peaceful trading is expected since the US is a non-working day. Today, a Eurogroup meeting will be held which could reflect the exchange rate of this currency pair. During the Asian trading, the euro strengthened against the US dollar by 0.10%.

EUR/USD by SGT Markets Forex Broker and CFD | February 19, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | February 19, 2018

GBP/USD

The British pound weakened against the US dollar during Asian trading. After last week’s US dollar reached its lowest level in the past three years, the dollar managed to recover slightly during the trading session this morning. Tonight at 7:45 pm, the speaker of the Bank of England, Mark Carney, will speak, which can be reflected in the exchange rate of this currency pair. Today is a non-working day in the United States. During the Asian trade, the British pound weakened against the US dollar by 0.04%.

GBP/USD by SGT Markets Forex Broker and CFD | February 19, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | February 19, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trading. During the previous trading, the US currency managed to recover from the lowest recorded value in the last three years. Good trade balance data in Japan were published this morning, which can be reflected in the exchange rate of this currency pair. Today is a non-working day in the United States. During the Asian trading, the US dollar strengthened against the Japanese yen by 0.24%.

USD/JPY by SGT Markets Forex Broker and CFD | February 19, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | February 19, 2018

GOLD

The price of gold weakened during Asian trade. The weakening of gold during the Asian trading session was supported by the strengthening of the US currency, which managed to recover after having recorded the lowest value in the last three years last week. Today is a non-working day in the United States, however, the publication of the Special Investigator Robert Miller that allegedly thirteen Russians suspected of interfering in the presidential election in the United States can raise the sentiment of political risk, which can be reflected in the price of gold. During Asian trading, the price of gold declined by 0.37%.

GOLD by SGT Markets Forex Broker and CFD | February 19, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | February 19, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Growth in the price of this fuel is mostly supported by the weakening of the US dollar. However, the number of wells released Friday by the Baker Hughes report showed that seven new wells are open, so the total number now stands at 798, which is interpreted as an increase in the production of this fuel in the United States, and the increase in the production of this fuel in the United States up to now negatively reflected on the price of crude oil. During Asian trade, the price of crude oil increased by 1.12%.

OIL by SGT Markets Forex Broker and CFD | February 19, 2018 OIL indicators by SGT Markets Forex Broker and CFD | February 19, 2018