Market Overview 2018.08.01

01-08-2018 09:36:01
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EUR/USD

The euro has weakened against the US dollar during Asian trade. Today, price fluctuations on the exchange rate of this currency pair are possible. At 10:00 am in the Eurozone will be published the index of procurement managers of the factory sector while in the US in the afternoon will be published more economic data. At 2:15 pm, ADP will change the employment of non-agricultural workers, and less than two hours later, the index of procurement managers of the factory sector. However, market participants today are most likely to expect a decision on the amount of the Federal Reserve’s interest rate, which will be announced at 20:00 with the accompanying statement of this institution. At the end of Asian trading, the euro is exchanged for $ 1.1680, representing a weakening of 0.10%

EUR/USD by SGT Markets Forex Broker and CFD | August 01, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | August 1, 2018

GBP/USD

The British pound weakened against the US dollar during Asian trading. At 10:30, the United Kingdom will publish data from the index of procurement managers of the factory sector, while in the US in the afternoon, more economic data will be published. At 2:15 pm, ADP will change the employment of non-agricultural workers, and less than two hours later, the index of procurement managers of the factory sector. However, market participants today are most likely to expect a decision on the Federal Reserve’s interest rate, which will be announced at 20:00 with the accompanying statement, which together can cause increased price fluctuations in the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for 1.3099 US dollars, representing a 0.19% weakening.

GBP/USD by SGT Markets Forex Broker and CFD | August 01, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | August 1, 2018

USD/JPY

During the Asian trade, the US dollar strengthened against the Japanese yen. After unnamed White House officials this morning that US President Donald Tramp was considering increasing tariffs on products from China, the US currency strengthened. In the afternoon, more economic data will be published in the US. At 2:15 pm, ADP will change the employment of non-agricultural workers, and less than two hours later, the index of procurement managers of the factory sector. However, market participants today are most likely to expect a decision on the Federal Reserve’s interest rate, which will be announced at 20:00 with the accompanying statement. At the end of Asian trading, the US dollar is exchanged for 111.94 Japanese yen, which is a strengthening of 0.06%.

USD/JPY by SGT Markets Forex Broker and CFD | August 01, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | August 1, 2018

GOLD

The price of gold weakened during Asian trade. The price of yellow metal is traded in a narrow price range, mostly due to the decision on the amount of the interest rate to be announced tonight at 20:00. Although the US interest rate is expected to remain at the level of 2%, the accompanying Federal Reserve Statement and reviews of future monetary policy directions could affect the price of gold. At the end of Asian trading, the price of gold is around $ 1,220.25 per one ounce, which is a 0.26% weakening.

GOLD by SGT Markets Forex Broker and CFD | August 01, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | August 1, 2018

OIL

During Asian trade, the price of crude oil has weakened. Yesterday’s report by the US Petroleum Institute showed a sharp increase in crude oil stocks. Also, the weakening of the price of crude oil is supported by the publication of the Huti tribe that, in order to find a peaceful solution, it will not continue to attack the tanker in the Red Sea further. Today at 16:30, the US government agency will publish its report on the stock of this fuel, which can be further reflected in the price of crude oil. At the end of the Asian trade, the price of crude oil ranges around $ 68.44 per barrel, representing a weakening of 0.45%.

OIL by SGT Markets Forex Broker and CFD | August 01, 2018 OIL indicators by SGT Markets Forex Broker and CFD | August 1, 2018