Market Overview 2018.03.16

16-03-2018 09:17:32
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EUR/USD

During the Asian trade, the euro generally remained at a lower level than yesterday. This morning the figures on the inflation rate of wholesale prices in Germany were much lower than expected. At around 8:35 am, the euro is exchanging for $ 1.2318, which at the beginning of the European session shows a slight strengthening of the euro by 0.11%. At 11:00 am, a set of data on inflation in the euro zone will be published for February. At 1:30 pm, a set of data from the US real estate market (building permits) will be published, and at 2:15 pm on industrial production. At 3:00 pm, the number of newly-appointed jobs in the United States and a set of (preliminary) indicators of the Michigan University sentiment is expected for March.

EUR/USD by SGT Markets Forex Broker and CFD | March 16, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | March 16, 2018

GBP/USD

During Asian trading, the British pound has kept growth since yesterday afternoon. At 08:35 hours, this currency pair is at $ 1,3952 per pound, which means the pound’s gain of 0.11%. There are no major economic news from the UK today. At 1:30 pm, a set of data from the US real estate market (building permits) will be published, and at 2:15 pm on industrial production. At 3:00 pm, the number of newly-appointed jobs in the United States and a set of (preliminary) indicators of the Michigan University sentiment is expected for March.

GBP/USD by SGT Markets Forex Broker and CFD | March 16, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | March 16, 2018

USD/JPY

During Asian trading, Japanese yen strengthened strongly against the dollar as the sentiment of political risk from the United States prevails, although this morning data on industrial production in Japan were worse than expected. At around 8:35 am, this currency pair is traded at the level of 105.75 yen per dollar that at the beginning of the European session the dollar makes the weaker against the yen by 0.55%. At 1:30 pm, a set of data from the US real estate market (building permits) will be published, and at 2:15 pm on industrial production. At 3:00 pm, the number of newly-appointed jobs in the United States and a set of (preliminary) indicators of the Michigan University sentiment is expected for March.

USD/JPY by SGT Markets Forex Broker and CFD | March 16, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | March 16, 2018

GOLD

The price of gold has been falling since late yesterday afternoon and is recovering slightly overnight. Yesterday, the new economic adviser to the US president said he should count on the dollar as a strong currency and “sell gold”. At around 8:35 am, the price of gold is about $ 1317 for a fine ounce. In the afternoon, a set of macroeconomic data and indicators will be published, which can expel the price of yellow metal from the balance.

GOLD by SGT Markets Forex Broker and CFD | March 16, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | March 16, 2018

OIL

The price of crude oil recorded a slight increase. The increase in demand for gasoline in the United States supports the price of oil to move away from the psychological limit of $ 60. At around 08:30, crude oil is traded for about $ 61.27 per barrel, which has grown from 0.13% since this morning. At 6:00 pm, the latest number on active oil wells in the United States, released by Baker Hughes, is expected.

OIL by SGT Markets Forex Broker and CFD | March 16, 2018 OIL indicators by SGT Markets Forex Broker and CFD | March 16, 2018