Market Overview 2018.02.27

27-02-2018 11:55:59
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EUR/USD

During the Asian trading, the euro strengthened against the dollar. Yesterday, Mario Dragi pointed out the strong recovery of the European economy, but also stressed that inflation growth should be more convincing and that it is still dependent on the monetary stimulus program implemented by the ECB. At around 08:25 hours, the euro is exchanged for $ 1.2331, which at the beginning of the European session shows a strengthening of the euro by 0.11%. At 2:30 pm, the new President of the Fed, Jerome Pauel, will address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

EUR/USD by SGT Markets Forex Broker and CFD | February 27, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | February 27, 2018

GBP/USD

During Asian trading, the dollar weakened against the British pound. There are no major economic releases and news from the UK today. At around 08:25 hours, this currency pair is at $ 1.3973 per pound, which means a pound gain of 0.03%. At 2:30 pm, the new Fed chairman, Jerome Pauel, is expected to address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

GBP/USD by SGT Markets Forex Broker and CFD | February 27, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | February 27, 2018

USD/JPY

During Asian trading, the Japanese yen strengthened against the dollar, mostly due to surprisingly higher inflation than the Bank of Japan methodology. At around 8:35 am, this currency pair is traded at 106.88 yen per dollar, which makes the dollar weaker against the yen by 0.06% at the beginning of the European session. At 2:30 pm, the new Fed chairman, Jerome Pauel, is expected to address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

USD/JPY by SGT Markets Forex Broker and CFD | February 27, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | February 27, 2018

GOLD

The price of gold is falling. The dollar index is in a mild withdrawal before today’s (first) address by the new Fed chairman, Jerome Pauel, before the US Congress at 2.30 pm. The price of gold is about 8:25 hours around $ 1334 for a fine ounce.

GOLD by SGT Markets Forex Broker and CFD | February 27, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | February 27, 2018

OIL

During Asian trade, the price of crude oil is in a mild downward trend. The sentiment of the investor was influenced by the constant growth of production in the US, which prevailed over the efforts of OPEC and Russia in terms of production limitations. Expectations are that the USA will shake Russia’s production volume by 2019. At 22:30 hours, stock information is expected at the US Petroleum Institute. At around 8:20 am, crude oil is traded for about $ 63.84 per barrel, which for today gives a drop of about 0.11%.

OIL by SGT Markets Forex Broker and CFD | February 27, 2018 OIL indicators by SGT Markets Forex Broker and CFD | February 27, 2018