Market Overview 2018.03.22

22-03-2018 08:42:59
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EUR/USD

During the Asian trade, the euro strengthened against the dollar. The dollar has weakened since it was announced that three interest rate increases could be expected this year, rather than four as many market participants assumed. At around 08:30, the euro is exchanged for $ 1.2379, which at the beginning of the European session shows the strengthening of the euro by 0.33%. At 09:30, a preliminary indicator of economic activity in the manufacturing industry in Germany will be published in March and half an hour later for the euro zone.

EUR/USD by SGT Markets Forex Broker and CFD | March 22, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | March 22, 2018

GBP/USD

During the Asian trade, the British pound strengthened strongly against the dollar. The dollar has weakened since it was announced that three interest rate increases could be expected this year, rather than four as many market participants assumed. At around 08:30, this currency pair is at $ 1,4173 per pound, which means a pound increase of 0,23%. At 10:30, retail data will be published in the UK. However, at 13:00 the main event today is held – the decision on the interest rate and the address of the Bank of England Governor Mark Carnier. Market participants want to hear whether an increase in the reference rate of this institution can be expected in May.

GBP/USD by SGT Markets Forex Broker and CFD | March 22, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | March 22, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. The dollar has weakened since it was announced that three interest rate increases could be expected this year, rather than four as many market participants assumed. At around 08:30, this currency pair is traded at the level of 105.78 yen per dollar, which at the beginning of the European session, the dollar seems weaker than the yen by 0.25%. Early in the afternoon, a regular weekly set of data from the US labor market is expected.

USD/JPY by SGT Markets Forex Broker and CFD | March 22, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | March 22, 2018

GOLD

The price of gold is on the rise as the dollar has weakened strongly. At around 8:35 am, the price of gold is around $ 1332 for a fine ounce. The dollar has weakened since it was announced that three interest rate increases could be expected this year, rather than four as many market participants assumed. Early in the afternoon, a regular weekly set of data from the US labor market is expected.

GOLD by SGT Markets Forex Broker and CFD | March 22, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | March 22, 2018

OIL

The price of crude oil is on the rise because apart from tensions in the Middle East, yesterday data from the US confirmed the predictions of the US Petroleum Institute, the day before. Namely, yesterday, a great disparity between the expectations and the values ​​shown in terms of the stock of crude oil in the United States was achieved. At 08:35 hours, crude oil is traded about $ 65.22 per barrel, which has grown from 0.08% since this morning.

OIL by SGT Markets Forex Broker and CFD | March 22, 2018 OIL indicators by SGT Markets Forex Broker and CFD | March 22, 2018