Market Overview 2018.07.18

18-07-2018 11:06:40
Back to Market News

Facebooktwitter

EUR/USD

During the Asian trade, the euro was further weakened against the dollar. The first address by Jerome Pauel before the US Congress showed that the Federal Reserve sees the US economy in a very good position and leans forward to another two increases in the interest rate this year. At around 08:50 hours, the euro is exchanged for $ 1.1635, which at the beginning of the European session shows a strengthening of the euro by 0.21%. At 11:00 am, the level of the consumer price index in the euro zone will be announced for the month of June. In the absence of significant economic releases, the figures in the US real estate market – worth the number of issued building permits and start-ups at 14:30. At 4:00 pm, Jerome Powell, President of the Fed, will continue his address to the Congress.

EUR/USD by SGT Markets Forex Broker and CFD | July 18, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 18, 2018

GBP/USD

During the Asian trade, the British pound weakened against the US dollar. Yesterday, the Governor of the Bank of England, Mark Carney, again warned of the dangers of the disordered Brexit, and a close vote (307: 301) in the UK Parliament confirmed deep disagreement over the issue of future relations with the EU. On the other hand, Jerome Pauel’s first address to the US Congress has shown that the Federal Reserve sees the US economy in a very good state and is inclined to another two increases in the interest rate this year. At around 08:45, this currency pair is at $ 1.3089 per pound, which means a pound gain of 0.16%. At 10:30, an inflation data set in the UK is expected. In the absence of significant economic releases, the figures in the United States real estate market – worth the number of licenses issued – are worth the USA. At 4:00 pm, Jerome Powell, President of the Fed, will continue his address to the Congress.

GBP/USD by SGT Markets Forex Broker and CFD | July 18, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | July 18, 2018

USD/JPY

The US dollar strengthened against the Japanese yen during Asian trade. The first address by Jerome Pauel before the US Congress showed that the Federal Reserve sees the US economy in a very good position and leans forward to another two increases in the interest rate this year. At around 08:45 hours, the US dollar is exchanged for 113.06 Japanese yen, which represents a weakening of the yen by 0.15%. In the absence of significant economic releases, the figures in the United States real estate market – worth the number of licenses issued – are worth the USA. At 4:00 pm, Jerome Powell, President of the Fed, will continue his address to the Congress.

USD/JPY by SGT Markets Forex Broker and CFD | July 18, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 18, 2018

GOLD

The price of gold has been declining during the Asian trading period, with the strengthening of the dollar against the major currencies. The first address by Jerome Pauel before the US Congress showed that the Federal Reserve sees the US economy in a very good position and leans forward to another two increases in the interest rate this year. At around 8:50 am, the price of gold is about $ 1224 for a fine ounce. In the absence of significant economic releases, the figures in the United States real estate market – worth the number of licenses issued – are worth the USA. At 4:00 pm, Jerome Powell, President of the Fed, will continue his address to the Congress.

GOLD by SGT Markets Forex Broker and CFD | July 18, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 18, 2018

OIL

During the Asian trade, the price of crude oil has confirmed its earlier fall and slipped further. The US Petroleum Institute announced last night that (unexpectedly) US crude oil stocks rose by about 630,000 barrels. At around 8:35 am, crude oil is traded about $ 66.75 per barrel, which has been falling from 0.61% since the beginning of trading today. At 16:30, official data on the stock of crude oil and petroleum products in the United States are expected.

OIL by SGT Markets Forex Broker and CFD | July 18, 2018 OIL indicators by SGT Markets Forex Broker and CFD | July 18, 2018