Market Overview 2018.05.04

04-05-2018 10:37:44
Back to Market News

Facebooktwitter

EUR/USD

During the Asian trading session, the euro held less gains since Friday afternoon against the US dollar. At 11:00, retail data in the euro zone will be published. At around 8:45 pm, the euro is exchanged for $ 1.1969, which at the beginning of the European session shows a 0.17% drop in the euro. At 14:30, a regular monthly report from the US labor market is expected, so-called. Non-farm payroll. Analysts expect the US economy to add 189,000 new jobs in April, and investors will also pay attention to the unemployment rate expected to fall in April to 4.0% in April, as well as the average wage growth expected to be increased by 0.2% (compared to 0.3% a month earlier). This report is important because it will give a clearer picture of the justification for a strong dollar gain over the last two weeks.

EUR/USD by SGT Markets Forex Broker and CFD | May 4 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | May 4, 2018

GBP/USD

During the Asian trade, the British pound weakened against the US dollar. The disagreement within the British government led by Prime Minister Theresa May, as well as the increasingly delayed increase in the interest rate of the Bank of England, has pressed the pound of the past days. At around 08:45 hours, this currency pair is at $ 1.3557 per pound, which means the weakening of the pound and 0.15%. At 14:30, a regular monthly report from the US labor market is expected, so-called. Non-farm payroll. Analysts expect the US economy to add 189,000 new jobs in April, and investors will also pay attention to the unemployment rate expected to fall in April to 4.0% in April, as well as the average wage growth expected to be increased by 0.2% (compared to 0.3% a month earlier). This report is important because it will give a clearer picture of the justification for a strong dollar gain over the last two weeks.

GBP/USD by SGT Markets Forex Broker and CFD | May 4 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 4, 2018

USD/JPY

During the Asian trading, the dollar weakened slightly against the Japanese yen. Today is a non-working holiday in Japan. At around 8:40 am, this currency pair is traded at 109.11 yen per dollar, which makes the dollar a weaker one at the beginning of the European session than a yen by 0.07%. At 14:30, a regular monthly report from the US labor market is expected, so-called. Non-farm payroll. Analysts expect the US economy to add 189,000 new jobs in April, and investors will also pay attention to the unemployment rate expected to fall in April to 4.0% in April, as well as the average wage growth expected to be increased by 0.2% (compared to 0.3% a month earlier). This report is important because it will give a clearer picture of the justification for a strong dollar gain over the last two weeks.

USD/JPY by SGT Markets Forex Broker and CFD | May 4 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 4, 2018

GOLD

Gold prices stagnate during Asian trade. The US dollar is still in the pipeline, but also awaiting the afternoon data. At around 08:45, the price of gold is about $ 1312 for a fine ounce. At 14:30, a regular monthly report from the US labor market is expected, so-called. Non-farm payroll. Analysts expect the US economy to add 189,000 new jobs in April, and investors will also pay attention to the unemployment rate expected to fall in April to 4.0% in April, as well as the average wage growth expected to be increased by 0.2% (compared to 0.3% a month earlier). This report is important because it will give a clearer picture of the justification for a strong dollar gain over the last two weeks.

GOLD by SGT Markets Forex Broker and CFD | May 4 2018 GOLD indicators by SGT Markets Forex Broker and CFD | May 4, 2018

OIL

During Asian trade, oil prices are in stagnation. Dealers are awaiting the US decision on the (possible) introduction of sanctions against Iran (until May 12). Tonight’s weekly Baker Hughes weekly report – the number of oil wells in the United States, (currently 825), is published. At around 8:35 am, crude oil is traded for around $ 68.42 per barrel, which gives a symbolic fall of 0,01% this morning.

OIL by SGT Markets Forex Broker and CFD | May 4 2018 OIL indicators by SGT Markets Forex Broker and CFD | May 4, 2018