Market Overview 2018.04.18

18-04-2018 09:13:39
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Today, at 11:00 in the EU, the consumer price index (CPI) will be published, and today, a Eurogroup meeting will be held today, which can all be reflected in the euro. In the US, more Federal Reserve officials will speak in the afternoons and evenings, which could also be reflected in the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.2376, which is a gain of 0.05%.

EUR/USD by SGT Markets Forex Broker and CFD | April 17, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | April 17, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. Yesterday’s mostly positive data from the labor market and certain speculations that another elevated reference interest rates in the UK are possible during the second half of the year, support the growth of the British currency. Today, at 10:30, the Consumer Price Index (CPI) will be published in the UK, which can be reflected in the exchange rate of this currency pair. At the end of Asian trading, the pound is exchanged for $ 1.4296, which is an increase of 0.05%.

GBP/USD by SGT Markets Forex Broker and CFD | April 17, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | April 17, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trading. Yesterday’s positive real estate market data in the United States, with a diminishing tension in the Middle East, has helped strengthen the US currency. However, positive data from the trade balance of Japan were published this morning, which could reflect the exchange rate of this currency pair. Also, during the afternoon and evening hours, the US will hold more Federal Reserve officials, which could also be reflected in the exchange rate of this currency pair. At the end of the Asian trade, the US dollar is exchanging 107.36 Japanese yen, which represents a gain of 0.32%.

USD/JPY by SGT Markets Forex Broker and CFD | April 17, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | April 17, 2018

GOLD

The price of gold weakened during Asian trade. Reduced tensions in the Middle East, as well as the absence of harsh rhetoric on trade relations between the US and China, have influenced investors to focus their demand on more risky investments, which has weakened the price of yellow metal. However, bearing in mind that the trade dispute between the US and China is still present, the possible introduction of new tariffs could increase the sentiment risk in the financial market. At the end of Asian trading, the price of gold is around $ 1,345.40, representing a weakening of 0.31%.

GOLD by SGT Markets Forex Broker and CFD | April 17, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | April 17, 2018

OIL

During Asian trade, the price of crude oil has strengthened. The price of this fuel is currently affected by the decline in the stock of crude oil, which was reported yesterday by the report of the US Petroleum Institute. Namely, last night this institute announced that the stocks of crude oil decreased by -1.047 million barrels. Although tensions have been tackled over the Syrian crisis, there is concern in the energy market that a possible reintroduction of US sanctions against Iran could disrupt normal supply of oil from the region. Today at 4:30 pm, the US government will report on crude oil stocks, which can be further reflected in the price of this fuel. At the end of the Asian trade, the price of crude oil is around $ 67.11 per barrel, which represents an increase of 0.89%

OIL by SGT Markets Forex Broker and CFD | April 17, 2018 OIL indicators by SGT Markets Forex Broker and CFD | April 17, 2018