Market Overview 2018.04.09

09-04-2018 11:31:19
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EUR/USD

The euro strengthened against the US dollar during Asian trading. The trade tensions between the US and China have also been worsened by worse data from the US labor market. Namely, on Friday, the NFP report on the change in employment showed the worst increase in employment over the past six months, while the unemployment rate has slightly increased, which has all weakened the US currency all together. Today, there are no economic news from the United States, while in Eurozone, at 3:00 pm, a member of the Executive Board of the ECB, Vitor Konstancio, speaks, which can be reflected 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 | April 9, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | April 9, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. The trade tensions between the US and China have also been worsened by worse data from the US labor market. Namely, on Friday, the NFP report on the change in employment showed the worst increase in employment over the past six months, while the unemployment rate has slightly increased, which has all weakened the US currency all together. Today at 09:30, Halifax price index houses will be published in the UK, which can be further reflected in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.05%.

GBP/USD by SGT Markets Forex Broker and CFD | April 9, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | April 9, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trading. The trade tensions between the US and China have also been worsened by worse data from the US labor market. Namely, on Friday, the NFP report on the change in employment showed the worst increase in employment over the past six months, while the unemployment rate has slightly increased, which has all weakened the US currency all together. This morning, disappointing data on the balance of current transactions were published, which can be further reflected in the exchange rate of this currency pair during further trading. During the Asian trading, the US dollar strengthened against 0.04% yen against Japan’s yen.

USD/JPY by SGT Markets Forex Broker and CFD | April 9, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | April 9, 2018

GOLD

Gold prices strengthened slightly during Asian trade. The trade tensions between the US and China have also been worsened by worse data from the US labor market. Namely, on Friday, the NFP report on the change in employment showed the worst growth in employment over the past six months, while the unemployment rate has risen slightly, all of which weakened the US currency all the way, and consequently contributed to the strengthening of the price of yellow metal. During Asian trading, the price of gold rose by 0.01%.

GOLD by SGT Markets Forex Broker and CFD | April 9, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | April 9, 2018

OIL

During Asian trade, the price of crude oil has strengthened. After Baker Hughes’s report on Friday showed an increase in the number of newly opened oil wells by 10, the price of this fuel dropped by about 2%, however, during the Asian trade, crude oil prices stabilized. Trade disputes between the two strongest economies of the US and China are still the primary factor influenced by the price of this energy. During Asian trade, the price of crude oil increased by 0.39%.

OIL by SGT Markets Forex Broker and CFD | April 9, 2018 OIL indicators by SGT Markets Forex Broker and CFD | April 9, 2018