Market Overview 2018.07.16

16-07-2018 10:04:19
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EUR/USD

During the Asian trading, the euro strengthened against the dollar. Today, Helsinki hosts a meeting of the US and Russian Presidents, Donald Tramp and Vladimir Putin, so it is expected to expect a lower threshold for the sensitivity of the news participants who come from there. At around 8:40 am, the euro is exchanging for $ 1.1699, which at the beginning of the European session shows a strengthening of the euro by 0.12%. At 11:00 am, a trade balance of the euro zone will be announced in July. At 2:30 pm, US retail numbers are expected in June and an important indicator of the situation in the manufacturing industry of the New York state.

EUR/USD by SGT Markets Forex Broker and CFD | July 16, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 16, 2018

GBP/USD

During Asian trading, the British pound has confirmed its strong recovery on Friday afternoon. On Friday, the US president, in a way, disproved his previous statement to the media, which called into question the strengthening of good trade relations between the United States and the UK after Brexit. At around 08:45 hours, this currency pair is at $ 1,3243 per pound, which means a pound gain of 0.05%. There are no major economic releases and news from the UK today. At 2:30 pm, US retail numbers are expected in June and an important indicator of the situation in the manufacturing industry of the New York state.

GBP/USD by SGT Markets Forex Broker and CFD | July 16, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | July 16, 2018

USD/JPY

The US dollar has largely kept up its growth from the previous week against the Japanese yen, during the Asian trading Monday. Today, Helsinki hosts a meeting of the US and Russian presidents, Donald Tramp and Vladimir Putin, so that safe investments can have higher volatility. At around 08:50 hours, the US dollar is exchanged for 112.34 Japanese yen, which represents an increase in yen by 0.04%. At 2:30 pm, US retail numbers are expected in June and an important indicator of the situation in the manufacturing industry of the New York state.

USD/JPY by SGT Markets Forex Broker and CFD | July 16, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 16, 2018

GOLD

The price of gold is in a mild recovery, as during the Asian trade, a more mild weakening of the dollar than all major currencies drags the price of precious metal down. At around 8:50 am, the price of gold is about $ 1244 for a fine ounce. At 2:30 pm, US retail numbers are expected in June and an important indicator of the state of the New York state manufacturing industry, which can influence the price of gold to the extent that it affects the short-term value of the US dollar. Today, Helsinki hosts a meeting of the US and Russian Presidents, Donald Tramp and Vladimir Putin, so it is expected to expect a lower threshold for the sensitivity of the news participants who come from there.

GOLD by SGT Markets Forex Broker and CFD | July 16, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 16, 2018

OIL

During Asian trade, the price of crude oil declined. Traders were cautious before today’s meeting of the US and Russian presidents, Donald Tramp and Vladimir Putin. Because of the state of emergency and production difficulties, about 700,000 barrels have since February been producing less oil from there. About 08:35 hours, crude oil is traded for around $ 70.33 per barrel, which has been falling from 0.05% since the beginning of trading today.

OIL by SGT Markets Forex Broker and CFD | July 16, 2018  OIL indicators by SGT Markets Forex Broker and CFD | July 16, 2018