Market Overview 2018.07.31

31-07-2018 13:37:36
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EUR/USD

During the Asian trading, the euro strengthened against the dollar. This morning data in Germany showed a higher growth in retail than expectations in June. At around 08:50 hours, the euro is exchanged for $ 1.1715, which at the beginning of the European session shows a strengthening of the euro by 0.08%. At 9:55 am, data on unemployment in Germany will be published. At 11:00 hours, data on inflation in the euro zone are expected. Today, and tomorrow, a meeting of the Monetary Board of the Federal Reserve of the United States is held. No increase in interest rates is expected. At 2:30 pm, the US inflation figures for June will be published, according to the methodology used by the Fed, and at 4:00 pm, and important information about consumer confidence in the US.

GBP/USD

During the Asian trade, the British pound weakened slightly against the US dollar. Poor macroeconomic data lately does not give hope that the increase in the interest rate of the Bank of England, planned for Thursday, is certain. There are no major economic releases from the UK today. At around 08:50, this currency pair is at $ 1.3131 for a pound, which means a pound gain of 0.04%. Today, and tomorrow, a meeting of the Monetary Board of the Federal Reserve of the United States is held. No increase in interest rates is expected. At 2:30 pm, the US inflation figures for June will be published, according to the methodology used by the Fed, and at 4:00 pm, and important information about consumer confidence in the US.

USD/JPY

The US dollar has slightly weakened against the Japanese yen during Asian trade. Expectedly, the Bank of Japan kept its rate at negative 0.1% and indicated the continuation of a strong monetary incentive program. At around 08:45 hours, the US dollar is exchanged for 111.3 Japanese yen, which represents a weakening of the yen by 0.22%. Today, and tomorrow, a meeting of the Monetary Board of the Federal Reserve of the United States is held. No increase in interest rates is expected. At 2:30 pm, the US inflation figures for June will be published, according to the methodology used by the Fed, and at 4:00 pm, and important information about consumer confidence in the US.

GOLD

The price of gold is in a mild decline in Asian trading. At around 8:40 am, the price of gold is about $ 1,221.5 for a fine ounce. Today, and tomorrow, a meeting of the Monetary Board of the Federal Reserve of the United States is held. No increase in interest rates is expected. At 2:30 pm, the US inflation figures for June will be published, according to the methodology used by the Fed, and at 4:00 pm, and important information about consumer confidence in the US.

OIL

During the Asian trade, the price of crude oil declined as data showed that OPEC in July recorded the highest production this year. Reuters announced that production is up 70,000 barrels a day, giving a total of 32.64 million barrels a day. At 08:35 hours, crude oil is traded about $ 69.81 per barrel, which has been falling from 0.46% since the beginning of trading today.