Market Overview 2018.05.09

09-05-2018 10:38:03
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EUR/USD

During Asian trading, the euro is in a downward downward trend against the US dollar. This morning, he disappointed the March data on industrial production in France. Namely, there was a decrease of 0.4% and the same growth was expected. There are no major economic news and announcements from the EU today. The euro is otherwise under pressure because of the (new-old) uncertainty regarding the formation of a government in Italy. Early parliamentary elections are increasingly likely, probably in July, which can lead to the formation of an anti-system coalition government. At around 8:40 am, the euro is exchanged for $ 1.1829, which at the beginning of the European session shows a 0.3% drop in the euro. At 2:30 pm, the figures on the growth of the US producer price index in April are expected.

EUR/USD by SGT Markets Forex Broker and CFD | May 9, 2018EUR/USD indicators by SGT Markets Forex Broker and CFD | May 9, 2018

GBP/USD

During the Asian trade, the British pound weakened against the US dollar. There are no economic news and announcements from the UK today. At around 08:45, this currency pair is at $ 1.3518 per pound, which means a 0.22% weakening of the pound. Tomorrow, a meeting of the Bank of England is held. At 2:30 pm, the figures on the growth of the US producer price index in April are expected.

GBP/USD by SGT Markets Forex Broker and CFD | May 9, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 8, 2018

USD/JPY

During the Asian trade, the dollar strengthened against the Japanese yen. At around 08:45, this currency pair is traded at the level of 109.66 yen per dollar, which makes the dollar stronger at the beginning of the European session than the yen by 0.49%. At 2:30 pm, the figures on the growth of the US producer price index in April are expected.

USD/JPY by SGT Markets Forex Broker and CFD | May 9, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 8, 2018

GOLD

The price of gold fell during Asian trade. The US dollar is at its maximum in the last four and a half months according to the main currencies. At around 8:40 am, the price of gold is about $ 1308.5 for a fine ounce. At 2:30 pm, the figures on the growth of the US producer price index in April are expected.

GOLD by SGT Markets Forex Broker and CFD | May 9, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | May 8, 2018

OIL

During Asian trade, oil prices are in a strong upward trend, and after strong oscillations yesterday afternoon and evening. US President Donald Tramp has decided to withdraw his country from an agreement with Iran and reintroduce sanctions. The data of the American petroleum institute has shown a decline in stock prices in the United States by 1.85 million barrels. At 16:30, a weekly weekly report of crude oil stocks in the United States will be published. About 8:25 hours, crude oil is traded for about $ 70.49 per barrel, which has been a symbolic increase of 2.07% this morning.

OIL by SGT Markets Forex Broker and CFD | May 9, 2018 OIL indicators by SGT Markets Forex Broker and CFD | May 8, 2018