Market Overview 2018.03.28

28-03-2018 10:03:55
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Yesterday’s recovery of the US currency was halted during Asian trading, primarily due to the inexplicability of trade relations between the two most developed economies of the world, the US and China. Today at 2:30 pm, the gross domestic product (GDP) data will be published in the United States, which can cause increased price fluctuations in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.02%.

EUR/USD by SGT Markets Forex Broker and CFD | March 28, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | March 28, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. The British currency is still positively affected by the past-week achievement of the transitional agreement between the UK and the EU and a growing increase in the interest rate of the Bank of England in May. Today at 2:30 pm, the gross domestic product (GDP) data will be published in the United States, which can cause increased price fluctuations in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.30%.

GBP/USD by SGT Markets Forex Broker and CFD | March 28, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | March 28, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trade. Yesterday it was confirmed that North Korean leader Kim Jong Un visited China and at the same time met with Chinese President Xi Jiiping. After this visit, the North Korean leader agreed to the denuclearization of the Korean peninsula. This news has been slightly weakened by the Japanese yen, which is considered a safe investment. Today at 2:30 pm, the gross domestic product (GDP) data will be published in the United States, which can cause increased price fluctuations in the exchange rate of this currency pair. During the Asian trading, the US dollar strengthened against the Japanese yen by 0.17%.

USD/JPY by SGT Markets Forex Broker and CFD | March 28, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | March 28, 2018

GOLD

Gold prices weakened slightly during Asian trade. Yesterday it was confirmed that North Korean leader Kim Jong Un visited China and at the same time met with Chinese President Xi Jiiping. After this visit, the North Korean leader agreed to the denuclearization of the Korean peninsula. This news has slightly weakened the so-called. “Save haven” financial instruments, including gold. Today at 2:30 pm, the gross domestic product (GDP) data will be published in the United States, which can be reflected in the price of gold. During Asian trading, the price of gold declined by 0.05%.

GOLD by SGT Markets Forex Broker and CFD | March 28, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | March 28, 2018

OIL

During Asian trade, the price of crude oil has weakened. Yesterday, the US Petroleum Institute released a report that showed an increase in the stock of this fuel, which affected the weakening of the price of crude oil. Today at 16:30 a US government report on crude oil stocks will be published, which can be further reflected in this energy product. During Asian trade, the price of crude oil declined by 0.86%.

OIL by SGT Markets Forex Broker and CFD | March 28, 2018 OIL indicators by SGT Markets Forex Broker and CFD | March 28, 2018