Market Overview 2018.05.23

23-05-2018 09:57:48
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EUR/USD

During the Asian trade, the euro weakened against the dollar and is located not far from the five-month low that was recorded on Monday. At around 08:40 hours, the euro is exchanged for $ 1.1755, which at the beginning of the European session shows a weakening of the euro by 0.21%. At 09:30, a preliminary indicator of the activity dynamics in the manufacturing industry in Germany will be published for the month of May, and at 10:00 am, a similar set of data for the euro zone. Notes from the last meeting of the US Federal Reserve Monetary Committee are expected tonight.

EUR/USD by SGT Markets Forex Broker and CFD | May 23, 2018 

GBP/USD

During the Asian trading period, the British pound weakened considerably against the US dollar. At 08:40, this currency pair is at $ 1,3388 per pound, which means the pound’s weakening is 0,34%. At 10:30, inflation data in the UK will be published in April. Notes from the last meeting of the US Federal Reserve Monetary Committee are expected tonight.

GBP/USD by SGT Markets Forex Broker and CFD | May 23, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 23, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. Comments by the US President that the meeting with the North Korean leader is a big sign of the issue with the statement that trade negotiations with China are not doing well (contrary to the state secretary’s statement from Sunday) gave a short-term respite to the Japanese currency. At around 8:40 am, this currency pair is traded at 110.41 yen per dollar, which makes the dollar weaker against the yen by 0.44% at the beginning of the European session. Notes from the last meeting of the US Federal Reserve Monetary Committee are expected tonight.

USD/JPY by SGT Markets Forex Broker and CFD | May 23, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 23, 2018

GOLD

The price of gold has been declining during Asian trade. The US dollar strengthened against all major currencies other than the Japanese yen. At around 08:45, the price of gold is around $ 1,290 for a fine ounce. Notes from the last meeting of the monetary committee of the Federal Reserve of the United States are expected tonight, which should provide more indications of the total increase in the interest rate this year in the US.

GOLD by SGT Markets Forex Broker and CFD | May 23, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | May 23, 2018

OIL

During Asian trade, the price of crude oil receded against the highest levels. Tonight, the report of the US Petroleum Institute showed a lower decline in US crude oil reserves than expectations. Namely, the drop was 1.3 million barrels and a fall of 2.8 million barrels was expected. At 16:30, the official weekly data of the US Energy Information Agency will be published. At around 08:45 hours, crude oil is traded for about $ 71.99 per barrel, which has dropped by 0.29% this morning.

OIL by SGT Markets Forex Broker and CFD | May 23, 2018 OIL indicators by SGT Markets Forex Broker and CFD | May 23, 2018