Market Overview 2018.06.19

19-06-2018 10:18:28
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Trade tensions between the US and China have further escalated following US President Donald Trampe’s instructions to identify Chinese $ 200 billion worth of goods that would be subject to new US tariffs. This intention strongly weakened the US dollar. Today at 2:30 pm, the number of building permits will be published in the United States, which can be further reflected in the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.1626, representing a gain of 0.03%.

EUR/USD by SGT Markets Forex Broker and CFD | June 19, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | June 19, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. Trade tensions between the US and China have further escalated following US President Donald Tram’s instructions to identify Chinese products worth $ 200 billion, which would be subject to new US tariffs. This intention strongly weakened the US dollar. Today at 2:30 pm, the number of building permits will be published in the United States, 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 1.3262 US dollars, which represents a gain of 0.11%.

GBP/USD by SGT Markets Forex Broker and CFD | June 19, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | June 19, 2018

USD/JPY

During the Asian trade, the US dollar weakened against the Japanese yen. Trade tensions between the US and China have further escalated following US President Donald Tram’s instructions to identify Chinese products worth $ 200 billion, which would be subject to new US tariffs. This intention strongly weakened the US dollar and consequently increased the demand for safe investments, including the Japanese yen. At the end of Asian trading, the US dollar is exchanged for 109.70 Japanese yen, a 0.77% drop.

USD/JPY by SGT Markets Forex Broker and CFD | June 19, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | June 19, 2018

GOLD

Gold prices strengthened during Asian trade. The risk exposure is again present in the financial market after the news that the US administration is considering introducing additional tariffs on Chinese products worth $ 200 billion in value. Today at 2:30 pm, the number of building permits will be announced in the United States, which can in the short term be reflected in the price of gold. At the end of Asian trading, the price of gold is exchanged for $ 1,285, representing a gain of 0.37%.

GOLD by SGT Markets Forex Broker and CFD | June 19, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | June 19, 2018

OIL

During Asian trade, the price of crude oil has weakened. As the meeting of the OPEK cartel closes on June 22, in Beča, the price of this energy is showing increasing price fluctuations. At the upcoming meeting, it is expected to consider increasing the production of crude oil, in order to limit the price of this fuel. At 22:30 tonight, the US Petroleum Institute will publish a report on the stock of this fuel in the United States, which can be reflected in the price of crude oil. At the end of Asian trading, the price of crude oil ranges from around $ 65.25 per barrel, which is a 0.67% weakening.

OIL by SGT Markets Forex Broker and CFD | June 19, 2018 OIL indicators by SGT Markets Forex Broker and CFD | June 19, 2018