EUR/USD

During the Asian trade, the euro has confirmed and added growth since yesterday. The tension in Italy over the formation of a new government has been relaxed, as it has been estimated that it can nevertheless form its formation in order to avoid new elections and possible escalation of the situation thereafter. This was helped by yesterday ‘s worse data from the United States (lower GDP growth) and fewer newcomers according to ADP data. At around 08:45 hours, the euro is exchanged for $ 1.1678, which at the beginning of the European session shows a strengthening of the euro by 0.13%. At 11:00 am, the preliminary inflation rate in the euro zone will be announced for May. At 2:30 pm, data on personal consumption and inflation rate in the US are expected according to the methodology followed by the Federal Reserve.

EUR/USD by SGT Markets Forex Broker and CFD | May 31, 2018 EUR/USD indicators by SGT Markets Forex Broker and CFD | May 31, 2018

GBP/USD

During the Asian trade, the British pound slightly recovered against the US dollar. Contribution was given yesterday by the worse US data (lower GDP growth) and by a smaller number of newly employed people according to ADP data. At around 08:45 hours, this currency pair is at $ 1.3312 per pound, which means a pound gain of 0.19%. There are no major economic news and announcements from the UK today. At 2:30 pm, data on personal consumption and inflation rate in the US are expected according to the methodology followed by the Federal Reserve.

GBP/USD by SGT Markets Forex Broker and CFD | May 31, 2018 GBP/USD indicators by SGT Markets Forex Broker and CFD | May 31, 2018

USD/JPY

During the Asian trade, the Japanese yen strengthened against the dollar. Contribution was given yesterday by the worse US data (lower GDP growth) and by a smaller number of newly employed people according to ADP data. At around 08:45 hours, this currency pair is traded at 108.69 yen per dollar, which makes the dollar weaker against the yen by 0.2% at the beginning of the European session. At 2:30 pm, data on personal consumption and inflation rate in the US are expected according to the methodology followed by the Federal Reserve.

USD/JPY by SGT Markets Forex Broker and CFD | May 31, 2018 USD/JPY indicators by SGT Markets Forex Broker and CFD | May 31, 2018

GOLD

Gold prices are on the rise during Asian trade. Contribution was given yesterday by the worse data from the US (lower GDP growth) and by a smaller number of newly employed people according to ADP data that pulled the dollar downwards against the major world currencies. At around 8:50 am, the price of gold is around $ 1305 for a fine ounce. At 2:30 pm, data on personal consumption and inflation rate in the US are expected according to the methodology followed by the Federal Reserve.

GOLD by SGT Markets Forex Broker and CFD | May 31, 2018 GOLD indicators by SGT Markets Forex Broker and CFD | May 31, 2018

OIL

During Asian trade, crude oil prices are consolidating and have largely hampered growth since yesterday. The weekly data of the US Petroleum Institute – on the stock of crude oil in the United States showed a 1 million barrels of stocks last week, to a total of 435 million barrels. About 8:25 am, crude oil is traded for around 68.06 dollars per barrel, which has been falling from 0.22% since the beginning of trading today. In the afternoon, official stock information will be published in the United States.

OIL by SGT Markets Forex Broker and CFD | May 31, 2018