Market Overview 2018.03.01

01-03-2018 11:50:39
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EUR/USD

During the Asian trade, the euro has weakened against the dollar as it draws doubts about the end of this year’s ECB monetary support program. At around 8:35 am, the euro is exchanged for $ 1.2208, which at the beginning of the European session shows a weakening of the euro by 0.12%. At 9:55 am, the economic activity in the manufacturing sector in Germany will be published for the month of February. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

EUR/USD indicators by SGT Markets Forex Broker and CFD | March 1, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | March 1, 2018

GBP/USD

During the Asian trade, the dollar has slightly strengthened against the British pound, and after yesterday’s statement by the European Union’s chief negotiator, Michel Barnie – that negotiations between the UK and the EU have to be accelerated, and that there is a possibility that the UK will suspend access to the EU common market after the departure of the island state from the European Club of States. At around 8:35 am, this currency pair is at $ 1,3759 per pound, which means a gain of 0,01%. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

GBP/USD indicators by SGT Markets Forex Broker and CFD | March 1, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | March 1, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. At around 8:35 am, this currency pair is traded at the level of 106.85 yen per dollar, which makes the dollar weaker against the yen by 0.16% at the beginning of the European session. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

USD/JPY indicators by SGT Markets Forex Broker and CFD | March 1, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | March 1, 2018

GOLD

The price of gold is falling. The dollar index is in a mild retreat ahead of the continuation of today’s address by the new Fed chairman, Jerome Pauel, in front of the US Congress. The price of gold is around $ 1314 for a fine ounce around 8:35 am.

GOLD indicators by SGT Markets Forex Broker and CFD | March 1, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | March 1, 2018

OIL

The price of crude oil declined sharply since yesterday afternoon, as stock data showed a rise in stocks of crude oil and gas, which added to the sentiment that normally prevails – that the shale oil production revolution will lead to the United States soon becoming the world’s largest oil producer. At around 08:30, crude oil is traded about $ 61.73 per barrel, which has been modest since 0.15% since this morning.

OIL indicators by SGT Markets Forex Broker and CFD | March 1, 2018 OIL indicators by SGT Markets Forex Broker and CFD | March 1, 2018