Market Overview 2018.04.03

03-04-2018 09:32:39
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EUR/USD

The euro strengthened against the US dollar during Asian trading. The frustration of financial market participants that the two most developed economies of the US and China world, the disagreement over the issue of trade relations to the level of trade war, weakened the US dollar. Today, at 09:55 PM, a PMI will be published in Germany, which can be further reflected in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.03%.

EUR/USD by SGT Markets Forex Broker and CFD | April 3, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | April 3, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. The frustration of the financial market participants that the two most developed economies of the US and China disagreements on the issue of mutual trade relations would raise the level of trade war, weakened the US dollar. Today at 10:30 in the United Kingdom a PMI will be published, which can be further reflected in the exchange rate of this currency pair. During the Asian trading period, the British pound strengthened against the US dollar by 0.14%.

GBP/USD by SGT Markets Forex Broker and CFD | April 3, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | April 3, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trading. Yesterday, the US dollar recorded a strong weakening in relation to the Japanese currency, as a response to worries about the US and China trade war and a worse ISM Purchasing Manager (PMI). Today at 3:30 pm in the US, a member of the FOMC Federal Reserve Committee, Kashkari, will hold a speech, which could in the short term be reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar strengthened against the 0.05% yen by Japanese yen.

USD/JPY by SGT Markets Forex Broker and CFD | April 3, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | April 3, 2018

GOLD

Gold prices weakened slightly during Asian trade. In spite of the current weakening, tensions on the US-China trade relationship are supporting the growth of safe investments, including gold. Today at 3:30 pm in the US, a member of the FOMC Federal Reserve Committee, Kashkari, will hold a speech, which could in the short term be reflected in gold. During Asian trading, the price of gold declined slightly by 0.27%.

GOLD by SGT Markets Forex Broker and CFD | April 3, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | April 3, 2018

OIL

During Asian trade, the price of crude oil has strengthened. The price of crude oil was strengthened as a reaction to the decline in the production of this fuel in the United States. On the other hand, Russia has increased its production while Saudi Arabia intends to reduce the price of its crude oil, which could negatively affect this fuel. At 22:30 tonight, the US Petroleum Institute will publish a report on the stock of this fuel, which can be further reflected in the price of crude oil. During Asian trade, the price of crude oil increased by 0.17%.

OIL by SGT Markets Forex Broker and CFD | April 3, 2018 OIL indicators by SGT Markets Forex Broker and CFD | April 3, 2018