Market Overview 2018.07.27

27-07-2018 09:57:39
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EUR/USD

During the Asian trade, the euro was further weakened against the dollar. Yesterday, Mario Dragi stated that the euro zone still needs a significant monetary stimulus, delaying the “long stick” of eventual (first) increase in the ECB’s interest rate, which is expected in one part of the investment public next year next year. This morning saw slower economic growth in France in the second quarter (than expected). At around 08:30, the euro is exchanging for $ 1.1637, which at the beginning of the European session shows a weakening of the euro by 0.04%. Today there are no major economic news and announcements from the euro zone. At 2:30 pm, figures on US GDP growth will be published in the second quarter and at 4:00 pm and a consumer sentiment indicator at the Michigan University in July.

EUR/USD by SGT Markets Forex Broker and CFD | July 27, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | July 27, 2018

GBP/USD

During Asian trading, the British pound is still falling relative to the US dollar. Yesterday, the EU’s main negotiator, Michel Barney, rejected the latest proposal by the UK in the process of negotiating the outbreak of an island nation from the EU. In mid-August, a new round of negotiations will be held, which will be personally led by Prime Minister Theresa May. At around 08:30, this currency pair is at $ 1.3094 per pound, which means the pound’s weakening by 0.11%. There are no major economic news and announcements from the UK today. At 2:30 pm, figures on US GDP growth will be published in the second quarter and at 4:00 pm and a consumer sentiment indicator at the Michigan University in July.

GBP/USD by SGT Markets Forex Broker and CFD | July 27, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | July 27, 2018

USD/JPY

The US dollar weakened against the Japanese yen during Asian trading. There are somewhat better data on the state of inflation in Japan. Namely, the Tokyo version of the consumer price index was above expectations. At around 8:40 am, the US dollar is exchanged for 111.05 Japanese yen, which represents an increase in yen by 0.16%. At 2:30 pm, figures on US GDP growth will be published in the second quarter and at 4:00 pm and a consumer sentiment indicator at the Michigan University in July.

USD/JPY by SGT Markets Forex Broker and CFD | July 27, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | July 27, 2018

GOLD

Gold prices mostly stagnate during Asian trading. At around 08:45, the price of gold is about $ 1,223.5 for a fine ounce. At 2:30 pm, figures on US GDP growth in the second quarter will be published, which, to the extent that affects the US dollar, may also reflect the short-term price of yellow metal. At 4:00 pm and a consumer sentiment indicator for the Michigan University for July.

GOLD by SGT Markets Forex Broker and CFD | July 27, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | July 27, 2018

OIL

During Asian trade, the price of crude oil declined. The US Petroleum Institute announced last night that crude oil stocks were much more than expected. Also, reports that China is planning to continue and intensify large-scale infrastructure investment, supports the belief that demand from this multidisciplinary country will not lag behind despite a trade war with the United States. At around 8:45 am, crude oil is traded about $ 69.45 per barrel, which has been falling from 0.23% since the beginning of trading today. At 16:30, an official report on the stock of crude oil reserves in the United States is expected.

OIL by SGT Markets Forex Broker and CFD | July 27, 2018 OIL indicators by SGT Markets Forex Broker and CFD | July 27, 2018