Market Overview 2018.05.17

17-05-2018 10:13:16
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Today, at 11:00 am, the balance of trade data in the Eurozone will be announced, while Vice President of the European Central Bank Vitor Konstancio will address the public at 12:30, which can affect the euro. Also, today at 2:30 pm, the US Business Activity Index in Philadelphia will be published in the United States, which announces the Federal Reserve’s post in the US state, which may further reflect the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.1822, an increase of 0.12%.

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

GBP/USD

The British pound strengthened during Asian trading. Today there are no economic news from the United Kingdom, except for the public address by Andy Halden, a member of the Monetary Policy Committee of the Bank of England, at 6:00 pm. In the US, at 2:30 pm, the Philadelphia Business Activity Index will be published, which will publish a Federal Reserve office in that US state, as well as a number of applications for assistance to new unemployed people, which can be further reflected in the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for 1.3539 pounds, which is a gain of 0.38%.

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

USD/JPY

The US dollar weakened against the Japanese yen during Asian trading. After the US dollar strengthened yesterday as a result of the highest rate of return on US government bonds over the past seven years, as Asian trade began, the US currency is weakening. Today at 2:30 pm, the US Philadelphia Business Performance Index will be published in the United States, which announces a Federal Reserve office in that US state, as well as a number of applications for assistance to new unemployed people, which can be further reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 110.32 yen, representing a decline of 0.06%.

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

GOLD

The price of gold weakened during Asian trade. The price of gold is in a downward trend, mostly as a result of the growth of the US dollar, due to record high yields on US government bonds. However, the price of yellow metal could respond to the rise in geopolitical tensions on the Korean peninsula after the North Korean-US summit was scheduled for June 12 in Singapore. Today at 2:30 pm, the US Philadelphia Business Performance Index will be published in the United States, which announces a Federal Reserve office in the US state, as well as a number of applications for assistance to new unemployed people, which can in the short term be reflected in the price of gold. At the end of Asian trading, the price of gold is around $ 1,291.20 per one ounce, representing a decline of 0.03%.

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

OIL

During Asian trade, the price of crude oil has strengthened. Yesterday, the US government report showed a decline in crude oil stocks, which further supported the rise in crude oil prices. The rise in crude oil prices in the past period has also been affected by geopolitical tensions in the Middle East, after the US withdrew from a nuclear deal with Iran. On the other hand, crude oil production in the United States is at a record high level, which could affect the price of this fuel. At the end of Asian trading, the price of crude oil ranges around $ 71.75 per barrel, which is an increase of 0.36%.

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