Market Overview 2018.07.26

26-07-2018 10:30:51
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EUR/USD

The euro has weakened against the US dollar during Asian trade. The meeting of European Commission President Jean-Claude Juncker and US President Donald Tramp went in a positive atmosphere. Namely, the European Union has committed itself to certain trade concessions to the United States, and at the moment, the uncertainties regarding the new trade barriers have been mitigated by the two economies. Today at 1:45 pm, the European Central Bank holds a regular meeting that expects the reference interest rate to remain unchanged, and 45 minutes later, the president of this institution, Mario Dragi, will address the public, which could reflect the exchange rate of this currency pair . At the end of Asian trading, the euro is exchanged for $ 1.1728, representing a weakening of 0.09%.

EUR/USD by SGT Markets Forex Broker and CFD | July 26, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 26, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. Today at 2:30 pm, the number of orders for basic durable goods will be announced in the United States, trade balance data and the number of applications for assistance to new unemployed persons, which can be reflected in the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for $ 1,3200, representing an increase of 0.08%.

GBP/USD by SGT Markets Forex Broker and CFD | July 26, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | July 26, 2018

USD/JPY

During the Asian trade, the US dollar weakened against the Japanese yen. Today at 2:30 pm, the number of orders for basic durable goods will be announced in the United States, trade balance data and the number of applications for assistance to new unemployed persons, which can be reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 110.73 Japanese yen, which represents a weakening of 0.22%.

USD/JPY by SGT Markets Forex Broker and CFD | July 26, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 26, 2018

GOLD

The price of gold weakened during Asian trade. High yields on US government bonds (different maturities) affect financial market participants to redirect their gold investments to this kind of “save money” financial instruments. Today at 2:30 pm, the number of orders for basic durable goods will be announced in the United States, trade balance data and the number of applications for assistance to new unemployed people, which can affect the US dollar and indirectly affect the price of yellow metal. At the end of Asian trading, the price of gold is around $ 1,230.00 per one ounce, which is a 0.15% weakening.

GOLD by SGT Markets Forex Broker and CFD | July 26, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 26, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Following the attack by the Huti tribe in Yemen on two oil tankers owned by Saudi Arabia, this country suspended the distribution of crude oil through a strategically important route in the Red Sea, which strengthened the price of this fuel. Today, a monthly bulletin of the OPEK cartel will be published, which could reflect the price of this fuel. At the end of Asian trading, the price of crude oil ranges around $ 69.28 per barrel, representing a weakening of 0.03%.

OIL by SGT Markets Forex Broker and CFD | July 26, 2018 OIL indicators by SGT Markets Forex Broker and CFD | July 26, 2018