Market Overview 2018.05.30

30-05-2018 10:20:05
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EUR/USD

During the Asian trade, the euro is still in a free fall towards the dollar in order to stop the fall early this morning. Better data (out of expectations) on retail growth in Germany was published. However, the political crisis in the third economy of the euro zone is still in the focus of the investment community and (additionally) destroys the value of the euro. At around 8:35 am, the euro is exchanged for $ 1.1570, which at the beginning of the European session shows a weakening of the euro by 0.29%. At 9:55 am, the unemployment rate in Germany will be announced for May, and in the early afternoon, inflation data. At 2:15 pm, ADP’s number of newly created jobs in the United States is expected to be released as an Overture for the official (NFP) report on Friday for May, and fifteen minutes later, preliminary data on US GDP growth in the first quarter.

EUR/USD by SGT Markets Forex Broker and CFD | May 30, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | May 30, 2018

GBP/USD

During Asian trading, the British pound is trying to recover against the US dollar. However, everything indicates that this is the expected (technical) corrective movement. At 8:40 am, this currency pair is at $ 1.3270 for a pound, which means a pound gain of 0.14%. There are no major economic news and announcements from the UK today. At 2:15 pm, ADP’s number of newly created jobs in the United States is expected to be released as an Overture for the official (NFP) report on Friday for May, and fifteen minutes later, preliminary data on US GDP growth in the first quarter.

GBP/USD by SGT Markets Forex Broker and CFD | May 30, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 30, 2018

USD/JPY

During the Asian trade, the Japanese yen lost some of the winnings since yesterday. At around 08:45, this currency pair is traded at 108.78 yen per dollar, which at the beginning of the European session makes the dollar stronger than the yen by 0.01%. At 2:15 pm, ADP’s number of newly created jobs in the United States is expected to be released as an Overture for the official (NFP) report on Friday for May, and fifteen minutes later, preliminary data on US GDP growth in the first quarter.

USD/JPY by SGT Markets Forex Broker and CFD | May 30, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 30, 2018

GOLD

The price of gold has been declining during Asian trade. At around 08:45, the price of gold is around $ 1297 for a fine ounce. At 2:15 pm, ADP’s number of newly created jobs in the United States is expected to be released as an Overture for the official (NFP) report on Friday for May, and fifteen minutes later, preliminary data on US GDP growth in the first quarter.

gold by SGT Markets Forex Broker and CFD | May 30, 2018 gold indicators by SGT Markets Forex Broker and CFD | May 30, 2018

OIL

During Asian trade, the price of crude oil is consolidated. The idea of ​​limiting the restrictions on the production of crude oil has led, it seems, to a new equilibrium price. The OPEC meeting is to be held on June 22, which should show whether these ideas will be put into action. At 22:30, a weekly US Oil Petroleum Institute report on the stock of crude oil in the United States will be published. At around 08:45 hours, crude oil is traded for around $ 66.77 per barrel, which has grown from 0.06% since this morning.

OIL by SGT Markets Forex Broker and CFD | May 30, 2018 OIL indicators by SGT Markets Forex Broker and CFD | May 30, 2018