Market Overview 2018.06.06

06-06-2018 09:04:27
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Today at 10:00 am, a member of the executive board of the European Central Bank Merk will address the public, which could affect the euro. Also, today at 2:30 pm, the data on trade balance and labor costs will be published in the United States, which could reflect the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.1717, which is a gain of 0.03%.

EUR/USD by SGT Markets Forex Broker and CFD | June 6, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | June 6, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. The British pound is under growing trend after yesterday’s UK service provider procurement index was better than expected. Today at 12:40, the public will be addressed by a member of the Monetary Policy Committee of the Bank of England Tenrejro, while at 2:30 pm, the data on the trade balance and labor costs will be published in the United States, which could also reflect on the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for $ 1.3407, an increase of 0.12%.

GBP/USD by SGT Markets Forex Broker and CFD | June 6, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | June 6, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trade. Today at 2:30 pm, the trade balance and labor costs of the workforce will be published in the United States, which could be reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 109.93 Japanese yen, an increase of 0.14%.

USD/JPY by SGT Markets Forex Broker and CFD | June 6, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | June 6, 2018

GOLD

The price of gold weakened during Asian trade. After US Secretary of Finance Stephen Mnucin said he was advocating Canada’s exclusion from trade tariffs on aluminum and steel, the sentiment of financial market risks weakened, which affected the price of yellow metal. The movement of the price of yellow metal today could be affected by technical analysis indicators, as well as the movement of the US dollar. At the end of Asian trading, the price of gold is around $ 1,301.90 per one ounce, representing a weakening of 0.02%.

GOLD by SGT Markets Forex Broker and CFD | June 6, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | June 6, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Last night, the US Petroleum Institute showed a reduction in crude oil stocks, which affected the price of this fuel. Today at 16:30 in the United States, an official US government report on crude oil stocks will also be published, which could also be reflected in the price of this fuel. At the end of Asian trading, the price of crude oil ranges around $ 65.86 per barrel, which is a gain of 0.55%.

OIL by SGT Markets Forex Broker and CFD | June 6, 2018 OIL  indicators by SGT Markets Forex Broker and CFD | June 6, 2018