Market Overview 2018.07.12

12-07-2018 12:01:56
Back to Market News

Facebooktwitter

EUR/USD

During Asian trading, the euro is failing to recover significantly against the dollar, but after a strong yesterday’s fall. Yesterday it was announced that the US producer price index was higher than the expectation that it had been expected to expect another two interest rate increases in the US by the end of this year. At around 8:40 am, the euro is exchanging for $ 1.1680, which at the beginning of the European session shows a strengthening of the euro by 0.06%. At 2:30 pm, the consumer price index in the United States will be released for the month of June, as one of the main parameters of overheating of the economy (which affects the pace and level of the Fed’s interest rates) when it is expected to address one member of the Fed’s monetary board.

EUR/USD by SGT Markets Forex Broker and CFD | July 12, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 12, 2018

 GBP/USD

During Asian trading, the British pound has managed to consolidate to a lesser extent against the US dollar. Yesterday it was announced that the US producer price index was higher than the expectation that it had been expected to expect another two interest rate increases in the US by the end of this year. At around 08:50 hours, this currency pair is at $ 1.3213 per pound, which means a pound gain of 0.06%. There are no major economic releases and news from the UK today. At 2:30 pm, the consumer price index in the United States will be released for the month of June, as one of the main parameters of overheating of the economy (which affects the pace and level of the Fed’s interest rates) when it is expected to address one member of the Fed’s monetary board.

 GBPUSD indicators by SGT Markets Forex Broker and CFD | July 12, 2018

USD/JPY

The US dollar has kept strong growth since yesterday compared to the Japanese yen, i.e. confirmed it during Asian trading Yesterday it was announced that the US producer price index was higher than expectations that it upheld expectations that by the end of this year, two more interest rate increases in the US could be expected. At around 8:50 am, the US dollar is exchanged for 112.25 Japanese yen, which is a gain of 0.23%. At 2:30 pm, the consumer price index in the United States will be released for the month of June, as one of the main parameters of overheating of the economy (which affects the pace and level of the Fed’s interest rates) when it is expected to address one member of the Fed’s monetary board.

USD/JPY by SGT Markets Forex Broker and CFD | July 12, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 12, 2018

GOLD

The price of gold is in the recovery phase after yesterday’s strong decline when the dollar strongly strengthened against all major currencies. At around 08:45, the price of gold is around $ 1,243.5 for a fine ounce. At 2:30 pm, the US consumer price index for June will be announced as one of the main parameters of overheating of the economy (which influences the pace and level of the Fed’s interest rates), to the extent that it will affect the short-term movement of the value of the US The dollar can also affect the price of gold.

GOLD by SGT Markets Forex Broker and CFD | July 12, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 12, 2018

OIL

During the Asian trade, the price of crude oil did not materialize, confirming in some ways a sharp drop from yesterday afternoon. Although a greater decline in inventories (as a short-term indicator affecting the price of oil), more important (long-term) mathematics and metrics has prevailed and colored the sentiment of oil traders. Namely, the escalation and aggravation of trade relations between the United States and China lead to the conclusion that the world economy will be a collateral damage and therefore a future demand for oil. In addition, yesterday it was announced that oil production in Libya normalized, following a state of emergency declared to four oil plants. At around 08:45 hours, crude oil is traded about $ 70.74 per barrel, which has been falling from 0.65% since the beginning of trading today.

OIL by SGT Markets Forex Broker and CFD | July 12, 2018 OIL indicators by SGT Markets Forex Broker and CFD | July 12, 2018