Market Overview 2018.02.26

26-02-2018 10:01:48
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EUR/USD

During the Asian trade, the euro strengthened against the dollar, primarily due to declining yields on US government bonds that had withdrawn from high levels last week. This morning, data on GDP growth in Germany for the fourth quarter of 2017 remained at the expectation level. At 11:00, a set of inflation figures in the euro zone is expected. At around 08:15 hours, the euro is exchanged for $ 1.2324, which at the beginning of the European session shows a strengthening of the euro by 0.16%. In the afternoon, at 3:00 pm, Mario Draghi, President of the ECB, will speak. An hour later, data from the US real estate market will be published – the number of sold (new) houses.

EUR/USD by SGT Markets Forex Broker and CFD | February 26, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | February 26, 2018

GBP/USD

During the Asian trade, the dollar weakened against the British pound, mainly due to declining yields on US government bonds that had withdrawn from high levels last week. There are no major economic releases and news from the UK today. At around 8:20 pm, this currency pair is at $ 1,4011 for a pound, which means a pound increase of 0,26%. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak, and at 4:00 pm, the US real estate data will be published – the number of sold (new) houses.

GBP/USD by SGT Markets Forex Broker and CFD | February 26, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | February 26, 2018

USD JPY

During the Asian trade, the Japanese yen strengthened against the dollar, primarily due to declining yields on US government bonds that withdrew from high levels last week. At around 8:20 pm, this currency pair is traded at 106.50 yen per dollar, which makes the dollar weaker against the yen by 0.27% at the beginning of the European session. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak for tomorrow’s address of the new Fed chairman, Jerome Pauel, ahead of the Congress. At 4:00 pm, the US real estate data will be published – the number of sold (new) houses.

USD/JPY by SGT Markets Forex Broker and CFD | February 26, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | February 26, 2018

GOLD

The gold price is rising as the dollar is dragging its way to the world’s major currencies, primarily due to declining yields on US government bonds lower than last week, and are cautious before the Congress’s new President of the Fed, Jerome Pauel. The price of gold is around 8:25 am around $ 1340 for a fine ounce. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak.

GOLD by SGT Markets Forex Broker and CFD | February 26, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | February 26, 2018

OIL

Late last night and during Asian trade, crude oil prices rose slightly. On Friday, it was announced that the number of wells was higher by one (now a total of 799). Crude oil is traded for about $ 63.66 a barrel, which today gives an increase of about 0.17%.

OIL by SGT Markets Forex Broker and CFD | February 26, 2018 OIL indicators by SGT Markets Forex Broker and CFD | February 26, 2018