Market Overview 2018.05.02

02-05-2018 09:11:16
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Today at 11:00 in the Eurozone, reading of gross domestic product (GDP) will be published, while at 14:15 in the USA, the ADP data on change of employment will be published, and then at 20:00, the Federal Reserve will hold a meeting on which it should decide on the amount of the reference interest rate. It is expected that the interest rate will remain at the level of 1.75%, which can all be attributed to the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.1997, which represents a gain of 0.03%.

EUR/USD by SGT Markets Forex Broker and CFD | May 2, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | May 2, 2018

GBP/USD

The British pound weakened against the US dollar during Asian trading. Today at 10:30 in the United Kingdom will be published data of the index of procurement managers of the construction sector, while at 14:15 in the USA, will be published ADP data on the change of employment, and then at 20:00, the Federal Reserve will hold a meeting on which it should decide on the amount of the reference interest rate. It is expected that the interest rate will remain at the level of 1.75%, which can all be attributed to the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for $ 1.3603, representing a weakening of 0.08%

GBP/USD by SGT Markets Forex Broker and CFD | May 2, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 2, 2018

USD/JPY

The US dollar weakened against the Japanese yen during Asian trading. Today at 14:15 in the US, ADP will be published on the change of employment, and then at 20:00, the Federal Reserve will hold a meeting on which they should decide on the reference interest rate. It is expected that the interest rate will remain at the level of 1.75%, which can be reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 109.77 yen, representing a decline of 0.08%.

USD/JPY by SGT Markets Forex Broker and CFD | May 2, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 2, 2018

GOLD

Gold prices strengthened during Asian trade. Despite the current slight increase in the price of yellow metals, the lowest recorded value has been recorded since the beginning of this year. The weakening of the price of gold is attributed to the strengthening of the US currency and the reduced demand for “safe haven” financial instruments after the two Koreas summit that took place on Friday. At 20:00 tonight, the US Federal Reserve will hold a meeting on which the interest rate should be decided, which could affect the price of gold. At the end of Asian trading, the price of gold is around $ 1.309.90 per one ounce, which is a gain of 0.23%.

GOLD by SGT Markets Forex Broker and CFD | May 2, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | May 2, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Despite the fact that the US petroleum institute last night showed a rise in crude oil stocks in the US, skeptics that the US might withdraw from the nuclear disarmament agreement with Iran, it strengthens the price of this fuel. By May 12, US President Donald Tramp should make a final decision on an agreement with Iran and the possible reintroduction of sanctions in this Middle East country. Today at 4:30 pm, a US government agency will publish a report on crude oil stocks, which can be further reflected in this energy product. At the end of Asian trade, the price of crude oil is around $ 67.56 per barrel, an increase of 0.46%

OIL by SGT Markets Forex Broker and CFD | May 2, 2018 OIL indicators by SGT Markets Forex Broker and CFD | May 2, 2018