Market Overview 2018.06.01

01-06-2018 10:23:51
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EUR/USD

During the Asian trading, the euro has lost some of its profits since yesterday. Yesterday, the US president imposed customs duties on imports of steel and aluminum from the EU, and Europeans announced countermeasures. This, however, did not significantly affect the mild recovery of the euro recorded from the day before yesterday. At around 8:35 am, the euro is exchanged for $ 1.1679, which at the beginning of the European session shows a weakening of the euro by 0.11%. At 9:55 am, an indicator of economic activity in the manufacturing industry in Germany will be announced for May, and ten minutes earlier from France and Italy. At 10:00 am, an aggregate indicator at the euro zone level will be announced. At 14:30, regular monthly data from the American Labor Market (NFP) for May are expected – about 189,000 new jobs (189,000), unemployment rate (+ 3,9%) and wage growth rate (+0,2 %).

EUR/USD by SGT Markets Forex Broker and CFD | June 1, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | June 1, 2018

GBP/USD

During the Asian trade, the British pound weakened against the US dollar. At 08:35 hours, this currency pair is at $ 1.3278 for a pound, which means a 0.14% weakening of the pound. At 10:30, an economic activity indicator in the UK manufacturing industry will be published. At 14:30, regular monthly data from the American Labor Market (NFP) for May is expected – about 189,000 new jobs (189,000), the unemployment rate (+ 3,9%) and the growth rate of earnings (+0, 2%).

GBP/USD by SGT Markets Forex Broker and CFD | June 1, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | June 1, 2018

USD/JPY

During Asian trading, the Japanese yen weakened against the dollar. At around 08:45, this currency pair is traded at 109.18 yen per dollar, which at the beginning of the European session makes the dollar stronger than the yen by 0.33%. At 14:30, regular monthly data from the American Labor Market (NFP) for May is expected – about 189,000 new jobs (189,000), the unemployment rate (+ 3,9%) and the growth rate of earnings (+0, 2%).

USD/JPY by SGT Markets Forex Broker and CFD | June 1, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | June 1, 2018

GOLD

The price of gold has been declining during the Asian trade, as the dollar strengthened despite the decision of US President Donald Trampe, who imposed yesterday customs duties on imports of steel and aluminum from the EU, Canada and Mexico. At around 08:45, the price of gold is around $ 1298 for a fine ounce. All the eyes of the investors are turned to the NFP report. Namely, at 2:30 pm, monthly monthly data from the US labor market are expected for May – the number of newly created jobs (189,000 expected), the unemployment rate (expectation + 3,9%) and the rate of salary growth (+0, 2%).

GOLD by SGT Markets Forex Broker and CFD | June 1, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | June 1, 2018

OIL

During Asian trade, the price of crude oil is consolidated. It did not maintain a strong growth after the release of the stock report since yesterday, when there was a higher fall in inventory expectations. Production growth from the United States, however, has grown at an unprecedented pace and is now at a level of 10.73 million barrels (very close to Russia’s production). At around 8:50 am, crude oil is traded for around $ 67.08 per barrel, which has grown from 0.06% since the beginning of trading today.

OIL by SGT Markets Forex Broker and CFD | June 1, 2018 OIL indicators by SGT Markets Forex Broker and CFD | June 1, 2018