Market Overview 2018.08.08

08-08-2018 11:43:02
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EUR/USD

The euro strengthened against the US dollar during Asian trading. Strengthening of the US dollar that has been present on the financial market in previous trading sessions is slowly falling off. Yesterday’s disappointing JOLT data on the number of new jobs additionally slowed down the growth of the US currency. Bearing in mind that today there are no significant economic news from the Eurozone and the US, the exchange rate of this currency pair could be under the influence of technical analysis indicators. At the end of Asian trading, the euro is exchanged for $ 1.1623, which is a gain of 0.21%.

EUR/USD by SGT Markets Forex Broker and CFD | August 08, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | August 8, 2018

GBP/USD

The British pound strengthened against the US dollar during Asian trading. This week, the British pound is able to separate itself from the lowest recorded value over the past eleven months against the US dollar. However, uncertainty about the outcome of the negotiation burden still burdens the United Kingdom and the British currency, therefore the publication of new information on the UK outbreak could result in increased price fluctuations in the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for 1.2954 British pounds, which is a gain of 0.12%.

GBP/USD by SGT Markets Forex Broker and CFD | August 08, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | August 8, 2018

USD/JPY

The US dollar weakened against the Japanese yen during Asian trading. The withdrawal of the US currency is also reflected in relation to the Japanese currency. However, this morning, disappointing current account balance data in Japan have been published, which could affect the Japanese yen during the continuation of trading. At the end of Asian trading, the US dollar is exchanged for 111.25 Japanese yen, which represents a decline of -0.12%.

USD/JPY by SGT Markets Forex Broker and CFD | August 08, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | August 8, 2018

GOLD

Gold prices strengthened during Asian trade. The weakening of the US dollar for now has a positive impact on the price of yellow metal. Tonight at 7:00 pm in the US, an auction of US bonds with a ten-year maturity will be held, which could have an impact on the price of gold. At the end of Asian trading, the price of gold is around $ 1,222.60 per one ounce, which is a gain of 0.36%.

GOLD by SGT Markets Forex Broker and CFD | August 08, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | August 8, 2018

OIL

During Asian trade, the price of crude oil has strengthened. Yesterday’s report of the American Petroleum Institute showed a strong decline in crude oil stocks, which had an impact on the strengthening of the price of this fuel. Today at 16:30, the US government agency will announce its stock report on this fuel, which could further reflect on this energy source. At the end of Asian trading, the price of crude oil ranges around $ 69.23 per barrel, which is a gain of 0.65%.

OIL by SGT Markets Forex Broker and CFD | August 08, 2018 OIL indicators by SGT Markets Forex Broker and CFD | August 8, 2018