Market Overview 2018.03.02

02-03-2018 08:37:27
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EUR/USD

During the Asian trade, the euro strengthened against the dollar that strongly withdrew after President Trump’s statement yesterday that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At around 8:35 am, the euro is exchanged for $ 1.2254, which at the beginning of the European session shows a marginal strengthening of the dollar.

EUR/USD indicators by SGT Markets Forex Broker and CFD | March 2, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | March 2, 2018

GBP/USD

During the Asian trade, the dollar weakened against the British pound after yesterday’s statement by President Tramp that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At 10:30, an economic activity indicator in the construction sector of UK will be published and half an hour later a speech by Mark Carney, the governor of the Bank of England, will be announced. Prime Minister Theresa Mey is also expected today to discuss the position of the UK in the negotiations on her country’s EU entry. At around 8:35 am, this currency pair is at $ 1,3771 per pound, which marks a marginal strengthening of the dollar.

GBP/USD indicators by SGT Markets Forex Broker and CFD | March 2, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | March 2, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar, which strongly weakened after President Tramp’s statement yesterday that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At around 8:35 am, this currency pair is traded on the level of 105.91 yen for one dollar, which makes the dollar a weaker relative to the yen by 0.29% at the beginning of the European session.

USD/JPY indicators by SGT Markets Forex Broker and CFD | March 2, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | March 2, 2018

 

OIL

After the fall, the price of crude oil stabilized during Asian trade. Tonight Baker Hughes’s report on the number of oil wells in the United States will be published. At around 08:30, crude oil is traded for around $ 60.91 per barrel, which gives a modest drop of 0.13% since this morning.

OIL indicators by SGT Markets Forex Broker and CFD | March 2, 2018 OIL indicators by SGT Markets Forex Broker and CFD | March 2, 2018