FX Analysis by SGT Markets

Commercial Content Analysts
283

#EUR/USD
During the Asian trade, the weakening of the dollar is being pressed by a growing concern whether Congress will adopt an extension of the government’s budgetary funding program that expires on Friday evening. This morning, the euro is exchanged for $ 1.2262, which at the beginning of the European session shows a strengthening of the euro by 0.2%. Today there are no major economic news and announcements from the euro zone. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.

#GBP/USD
During Asian trading, the dollar weakened against the British pound. This morning, this currency pair is at $ 1,3906 per pound, which means a pound gain of 0.06%. At 10:30, retail sales in the UK are expected for December. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar. This morning, this currency pair is traded at the level of 110.78 yen per dollar, which at the beginning of the European session makes the dollar symbolically weaker than the yen by 0.29%. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.

#GOLD
The price of gold is on the rise during Asian trade due to the weakening of the US dollar, which is being pressed by the growing concern whether the Congress will adopt an extension of the Government’s budgetary funding program, which expires on Friday evening. The price of gold this morning is traded around $ 1,331 for a fine ounce.

#OIL
During Asian trade, the price of crude oil declined. Yesterday the stock drop was higher than expected, but negative sentiment prevailed due to production growth in the US and (anticipated) fall in demand due to the near-end of winter in the northern hemisphere. At 10:00 am, a global report on the state of the oil market will be published, and at 7:00 pm, a regular weekly report on the number of crude oil wells in the United States is expected. At the end of the Asian session, crude oil is traded about $ 63.13 per barrel, which gives a drop of around 1.28%.

#DAX30
Dax30 rose on Thursday (+ 0.74%) closing at 13281.43 points. The producer price index in Germany this morning remained at the level of expectation. The winner of yesterday was Infineon’s (+ 5.55%) share.

284

#EUR/USD

During Asian trading, small oscillations on this currency pair after a turbulent (previous) week. In the absence of economic news from the eurozone, the address to the non-members of the Monetary Committee of the ECB from Germany, Sabine Lautenschläger, is highlighted. At around 8:35 am, the euro is exchanged for $ 1.2407, which at the beginning of the European session shows a weakening of the euro by 0.16%. At 2:30 pm, data on personal consumption in the US will be published, as well as an indicator of the growth of inflation from the point of view of personal consumption.

#GBP/USD

During the Asian trading, the dollar strengthened against the British pound. The dollar managed to recover somewhat from the down trend in the previous week. There are no economic news and announcements from the UK today. At around 8:35 am, this currency pair is at $ 1,4120 per pound, which means the weakening of the pound by 0,28%. At 2:30 pm, data on personal consumption in the US will be published, as well as an indicator of the growth of inflation from the point of view of personal consumption.

#USD/JPY

During the Asian trade, the Japanese yen weakened against the dollar that managed to partially recover part of the big losses from the previous week. At around 8:35 am, this currency pair is traded at the level of 108.99 yen per dollar, which at the beginning of the European session makes the dollar stronger than the yen by 0.38%. At 2:30 pm, data on personal consumption in the US will be published, as well as an indicator of the growth of inflation from the point of view of personal consumption.

#GOLD

The price of gold is in a slight decline during Asian trading, although the dollar is slowly recovering against the strongest currency basket. The price of gold this morning was around $ 1348 for a fine ounce.

#OIL

During Asian trade, crude oil prices recorded a slight increase, although the number of boreholes in the United States increased by 12 units on Friday. Strong ascending sentiment prevails on oil. At the end of the Asian session, crude oil is traded about $ 66.25 per barrel, which drops about 0.17%.

#DAX30

Dax30 rose on Friday (+ 0.31%), closing at 13340.31 points. The winner of yesterday’s share was Tisenkrup (+ 2.6%).

285

#EUR/USD
During the Asian trade, the euro weakened against the dollar supported by high yields on US Treasury long-term bonds, the highest since 2014. At around 08:15 hours, the euro is exchanged for $ 1.2353, which at the beginning of the European session shows a weakening of the euro by 0.23%. At 11:00, a preliminary data on the growth of GDP in the euro zone will be published in the fourth quarter. Investors are waiting for the president’s address today (the so-called State of the Union) in the context of the recent contradictory comments by Davos administration officials - about the role (strong or weak) of the dollar. The Federal Reserve meeting begins today and ends tomorrow.

#GBP/USD
During the Asian trade, the dollar strengthened against the British pound supported by high yields on US Treasury long-term bonds, the highest since 2014. There are no economic news and announcements from the UK today. At around 8:20 pm, this currency pair is at $ 1,4013 per pound, which means the weakening of the pound by 0,44%. At 16:00, consumer confidence index in the United States is expected. At 4:30 pm, Mark Carney, governor of the Bank of England, will speak. Investors are waiting for the president’s address today (the so-called State of the Union) in the context of the recent contradictory comments by Davos administration officials - about the role (strong or weak) of the dollar. The Federal Reserve meeting begins today and ends tomorrow.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar. At around 8:20 pm, this currency pair is traded at the level of 108.69 yen per dollar, which at the beginning of the European session makes the dollar weaker than the yen by 0.24%. At 16:00, consumer confidence index in the United States is expected. Investors are waiting for the president’s address today (the so-called State of the Union) in the context of the recent contradictory comments by Davos administration officials - about the role (strong or weak) of the dollar. The Federal Reserve meeting begins today and ends tomorrow.

#GOLD
The price of gold has been declining during the Asian trade, as the dollar supports high yields on US Treasury long-term bonds, the highest since 2014, as well as expectations ahead of tomorrow’s meeting and decision of the Fed. The price of gold is about 8:20 hours, about $ 1335 for a fine ounce.

#OIL
During Asian trade, the price of crude oil is declining, as the stronger dollar exerts pressure on the price of oil. Also, yesterday it was announced that oil production in Iraq has increased. At the end of the Asian session, crude oil is traded about $ 64.86 per barrel, which gives a drop of about 1.07%.

#DAX30
Dax30 fell on Monday (-0.12%), closing at 13324.48 points. The loser of the day yesterday was Komerc banka (-2.06%).

286

#EUR / USD
During the Asian trading, the euro strengthened against the dollar. At around 08:30, the euro is exchanged for $ 1.2445, which at the beginning of the European session shows the strengthening of the euro by 0.34%. At 09:55 hours, a set of data from the German labor market for January is expected, and above all a number of newly created jobs and unemployment rates. At 11:00, the preliminary data on the inflation rate in the euro zone will be published in the fourth quarter. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

#GBP / USD
During Asian trading, the dollar weakened against the British pound. There are no economic news and announcements from the UK today. At 08:30, this currency pair is at $ 1,4194 per pound, which means the pound’s weakening of 0,34%. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

#USD / JPY
During the Asian trade, the Japanese yen strengthened against the dollar. At around 08:30, this currency pair is traded at the level of 108.69 yen for one dollar, which at the beginning of the European session makes the dollar weaker than the yen by 0.08%. At 2:15 pm, the US Labor Market Report is expected (ADP) to be an overture to the official government report released on Friday. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

#GOLD
The price of gold is on the rise during Asian trade, as the dollar is again in the withdrawal phase. The gold price is about $ 1343 for a fine ounce around 8:30 am. The Federal Reserve meeting ends tonight, when a decision on the interest rate will be announced (about 95% chance of no increase) and investors will be most interested in the tone of exposure in order to gain an impression of the monetary policy rate this year.

#OIL
During the Asian trade, the price of crude oil declined, as the data of the American Petroleum Institute on the stock of more than expected expectations (3.23 million barrels compared to the expected 1.5) was published last night. At the end of the Asian session, crude oil is traded about $ 64.12 per barrel, which gives a drop of around 0.59%.

#DAX30
Dax30 fell on Tuesday (-0.95%), closing at 13197.71 points. At 09:55 hours, a set of data from the German labor market for January is expected, and above all a number of newly created jobs and unemployment rates. The loser of yesterday was the action of Deutsche Bank (-4.47%).

287

#EUR/USD
During the Asian trade, the euro weakly weakened against the dollar. At around 08:30, the euro is exchanged for $ 1.2505, which at the beginning of the European session shows a gain of 0.07%. Today there are no economic news and announcements from the euro zone. At 14:30, a regular monthly (NFP) report from the US labor market is expected - the number of newly created jobs and the unemployment rate. This data will be important in order to provide a higher insight into the possibility of borrowing the Federal Reserve’s interest rate in March. At 16:00, a set of sentiment indicators will be published and compiled and published by the University of Michigan.

#GBP/USD
During the Asian trading, the dollar slightly strengthened against the British pound. At around 08:30, this currency pair is at $ 1.4257 per pound, which means the weakening of the pound by 0.08%. At 10:30, an economic activity broker in the UK construction sector will be announced for January (it is expected to show 52 points). At 14:30, a regular monthly (NFP) report from the US labor market is expected - the number of newly created jobs and the unemployment rate. This data will be important in order to provide a higher insight into the possibility of borrowing the Federal Reserve’s interest rate in March. At 16:00, a set of sentiment indicators will be published and compiled and published by the University of Michigan.

#USD/JPY
During the Asian trade, the Japanese yen weakened against the dollar, as well as data on slower growth of monetary mass in Japan. At around 8:40 am, this currency pair is traded at 109.70 yen per dollar, which makes the dollar a stronger yen by 0.27% at the beginning of the European session. At 14:30, a regular monthly (NFP) report from the US labor market is expected - the number of newly created jobs and the unemployment rate. This data will be important in order to provide a higher insight into the possibility of borrowing the Federal Reserve’s interest rate in March. At 16:00, a set of sentiment indicators will be published and compiled and published by the University of Michigan.

#GOLD
The price of gold has seen a slight rise in Asian trading since the dollar is at a retreat stage. The gold price is about $ 1348 for a fine ounce around 8:30 am. At 14:30, a regular monthly (NFP) report from the US labor market is expected - the number of newly created jobs and the unemployment rate. This data will be important in order to provide a higher insight into the possibility of borrowing the Federal Reserve’s interest rate in March. At 16:00, a set of sentiment indicators will be published and compiled and published by the University of Michigan.

#OIL
During Asian trade, crude oil prices are rising because data on meeting the production limitation agreement within OPEC and Russia are at a high level, which gives power to the price of this fuel. A regular report on the number of oil wells in the United States will be published tonight. At the end of the Asian session, crude oil is traded for around $ 66.12 per barrel, which gives an increase of about 0.49%.

#DAX30
Dax30 fell strongly on Thursday (-1.43%) to 13001.50 points. The loser of yesterday was the action of Fresenius (-4.8%).

288

#EUR/USD
The euro strengthened against the US dollar during Asian trading. The Asian trade so far has been relatively calm and there have been no increased price fluctuations. Today at 10:00 am, a member of the Executive Board of the European Central Bank, Sabina Lautenschlager, will hold a speech, while at 11:40 an auction of ten-year German government bonds will be held, which can be reflected in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.12%.

#GBP/USD
The British pound strengthened during Asian trading. The National Institute for Economic and Social Research (NIESR) published an audit of the growth of gross domestic product (GDP) for the benefit of the UK, but it was also mentioned that GDP growth depends on the negotiation barges. This institution also expects the Bank of England to make two interest rate increases in 2018. At 09:30 UK, a Halifax house price index will be published, which can be further reflected in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.09%.

#USD/JPY
The US dollar weakened against the Japanese yen during European trading. The US currency does not exhibit increased price fluctuations during trading so far. Today at 2:30 pm, William Dadley, a member of the Federal Reserve Open Market Committee, will hold a speech, while at 7:00 pm an auction of ten-year government bonds will be announced, which can be further reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar weakened against the Japanese yen by 0.26%.

#GOLD
Gold prices strengthened during Asian trade. During the relatively recent relatively quiet trading, the price of gold has strengthened, primarily due to the entry into the purchasing positions of market participants, after the price of this secure investment weakened during previous trading sessions. Today at 2:30 pm, member of the Federal Reserve Open Market Committee, William Dadley, will hold a speech, while at 7:00 pm an auction of ten-year government bonds will be announced, which can be further reflected in the price of gold. During Asian trading, the price of gold rose by 0.23%.

#OIL
During Asian trade, the price of crude oil has strengthened. Yesterday’s report by the US Petroleum Institute showed a decline in crude oil stocks, which strengthened this fuel. A US government report on crude oil stocks will also be published today, which can be further reflected in the price of this fuel. During the Asian trade, the price of crude oil increased by 0.76%.

#DAX30
Dax index weakened on Tuesday. The biggest gain was recorded by insurance, software and retail companies. Deutsche Post (+ 0.11%) and the loser of Commerzbank (-4.50%) were separated from the winners. The volatility index that records investors’ sentiment in terms of expected volatility in the coming period has increased by 32.75% and is at 25.55 points, the highest level in the last 52 weeks.

289

#EUR/USD
During the Asian trade, the euro strengthened against the dollar affected by the temporary closure of government activities due to a lack of agreement in the Congress. At around 8:35 am, the euro is exchanged for $ 1.2273, which at the beginning of the European session shows a strengthening of the euro by 0.21%. Today, the sentiment on the dollar can be influenced by discussions about the financing law in the US Congress.

#GBP/USD
During Asian trading, the dollar weakened against the British pound. At 10:30, a set of macroeconomic data from the UK is expected (on the manufacturing industry, the state of the trade balance, etc.), and at 2:00 pm and a forecast on the growth of GDP UK. At 08:35 hours, this currency pair is at $ 1.3974 per pound, which means the weakening of the dollar by 0.45%. Today, the sentiment on the dollar can be influenced by discussions about the financing law in the US Congress.

#USD/JPY
During Asian trading, the Japanese yen weakened against the dollar. At around 8:35 am, this currency pair is traded at the level of 109.12 yen per dollar, which makes the dollar stronger at yen by 0.35% at the beginning of the European session. Today, the sentiment on the dollar can be influenced by discussions about the financing law in the US Congress.

#GOLD
The price of gold is quite oscillating during Asian trading. The price of gold is around $ 1317 for a fine ounce around 8:35 am. The news that the Congress did not reach an agreement on a federal funding law puts pressure on the dollar.

#OIL
During Asian trade, crude oil prices continue to decline. Iran has announced plans to increase production. It was also announced that China plans to release its long-awaited futures on crude oil at the end of March. At the end of the Asian session, crude oil is traded about $ 60.62 per barrel, which drops about 0.87%. At 7:00 pm, a weekly weekly data on the number of oil wells in the United States, released by Baker Hughes, is expected.

#DAX30
Dax30 fell strongly on Thursday (-2.62%) to 12260.29 points. Bad sentiment in stock markets has expanded globally. Early this morning, Nikkei225 closed in a minus 2.27%. The loser of the day was Infineon’s share (-5.38%).

290

#EUR/USD
The euro strengthened against the US dollar during Asian trading. The US currency is weakened, primarily because market participants have invested their investments in the stock market, which, after weakening last week, began to show signs of recovery. Market participants are expecting data on US inflation, to be released this week. During the Asian trade, the euro strengthened against the US dollar by 0.25%.

#USD/JPY
The US dollar weakened against the Japanese yen during Asian trading. Today in front of the Japanese parliament, Governor of the Bank of Japan, Haruhiko Kuroda, said that the Japanese economy still needs an “ultra-light” monetary policy, reflected in the massive government bond purchase program (quantitative easing). Today at 2:00 pm, the speaker is a member of the Federal Reserve Market Committee Loreta Mester, which may be reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar weakened against the Japanese yen by 0.48%.

#GOLD
Gold prices strengthened during Asian trade. Strengthening of gold is currently attributed to the weakening of the US currency, arising primarily because market participants have focused their investments on the stock market, which, after weakening last week, began to show signs of recovery. The price of this precious metal this week may also be influenced by information on US inflation, which will be released this week. During Asian trading, the price of gold increased by 0.08%

#OIL
During Asian trade, the price of crude oil has strengthened. The Secretary General of the cartel, OPEK, yesterday said that he had received assurances from Russian President Vladimir Putin that Russia would not abandon the agreement on reducing the production of crude oil. Today at 10:00 am a report from the International Energy Agency will be published, while at 22:35, the US Petroleum Institute will publish a report on crude oil stocks, which can be further reflected in the price of this fuel. During the Asian trade, the price of crude oil increased by 0.57%. During the Asian trade, the price of crude oil increased by 0.57%.

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291

#EUR/USD
The euro strengthened against the US dollar during Asian trading. Today, important economic data are expected to be published for both the Eurozone and the US. At 11:00, preliminary data on gross domestic product will be published in the EU, while at 14:30, in the United States, data on retail and CPI will be published, which together can cause increased price fluctuations in the course of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.19%.

#GBP/USD
The British pound strengthened against the US dollar during Asian trading. Today, the “road to bankruptcy” campaign, officially headed by Prime Minister UK Theresa May with his ministers, is set to officially begin to approximate the transition agreement of the United Kingdom to the EU. Also, today at 2:30 pm, in the United States, data on retail and CPI will be published, which can also cause increased price fluctuations in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.11%.

#GOLD
Gold prices strengthened during Asian trade. Today at 2:30 pm, in the United States, data on retail and consumer price index of core products (Core CPI) will be published. This information is closely monitored by market participants, as if possibly good indicators could further strengthen the Federal Reserve with the intention of raising interest rates at the next meeting in March. During Asian trading, the price of gold rose 0.47%.

#OIL
During Asian trade, the price of crude oil has strengthened. Despite the fact that yesterday the US Petroleum Institute announced that the stocks of crude oil had risen, which has so far negatively affected crude oil prices, forecasts of stable economic growth and weakening of the US dollar have strengthened the price of this fuel. Today at 16:30, the United States government will announce a report on crude oil stocks, which can be further reflected in the price of crude oil. During Asian trade, the price of crude oil increased by 0.42%.

292

#EUR/USD
The euro strengthened against the US dollar during Asian trading. Today at 9:20 am, a member of the Executive Board of the European Central Bank Benoit Kuer will hold a speech, which can affect the European currency. Also, at 2:30 pm, the US will publish information on the number of building permits, the number of houses under construction, and information on import and export prices, which may be reflected in the exchange rate of this currency pair. During the Asian trade, the euro strengthened against the US dollar by 0.30%.

#GBP/USD
The British pound strengthened against the US dollar during Asian trading. Today at 10:30 retail data will be published in the UK which may reflect on the Birtan pound. Also, at 2:30 pm, the US will publish information on the number of building permits, the number of houses under construction, and information on import and export prices, which can be reflected in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.31%.

#GOLD
Gold prices strengthened during Asian trade. The price of this precious metal is on track to record the highest weekly growth in the last two years. Gold rose this week mainly due to the weakening of the US currency. At the moment, the US dollar is at its lowest level in the past three years. Today at 2:30 pm, the US will publish information on the number of building permits, the number of houses under construction, and information on import and export prices, which can be further reflected in the price of gold. During Asian trading, the price of gold increased by 0.44%.

#OIL
During Asian trade, the price of crude oil has strengthened. After the US dollar weakened to its lowest level in the last three years, the price of crude oil has strengthened and is currently at around $ 61 a barrel. Tonight at 7:00 pm, a report from Baker Hughes will be published in the United States, which shows how many oil wells are open, which can be further reflected in the price of this fuel. During Asian trade, the price of crude oil increased by 0.64%.

293

#EUR/USD
The euro strengthened against the US dollar during Asian trading. Today, relatively peaceful trading is expected since the US is a non-working day. Today, a Eurogroup meeting will be held which could reflect the exchange rate of this currency pair. During the Asian trading, the euro strengthened against the US dollar by 0.10%.

#GBP/USD
The British pound weakened against the US dollar during Asian trading. After last week’s US dollar reached its lowest level in the past three years, the dollar managed to recover slightly during the trading session this morning. Tonight at 7:45 pm, the speaker of the Bank of England, Mark Carney, will speak, which can be reflected in the exchange rate of this currency pair. Today is a non-working day in the United States. During the Asian trade, the British pound weakened against the US dollar by 0.04%.

#USD/JPY
The US dollar strengthened against the Japanese yen during Asian trading. During the previous trading, the US currency managed to recover from the lowest recorded value in the last three years. Good trade balance data in Japan were published this morning, which can be reflected in the exchange rate of this currency pair. Today is a non-working day in the United States. During the Asian trading, the US dollar strengthened against the Japanese yen by 0.24%.

#GOLD
The price of gold weakened during Asian trade. The weakening of gold during the Asian trading session was supported by the strengthening of the US currency, which managed to recover after having recorded the lowest value in the last three years last week. Today is a non-working day in the United States, however, the publication of the Special Investigator Robert Miller that allegedly thirteen Russians suspected of interfering in the presidential election in the United States can raise the sentiment of political risk, which can be reflected in the price of gold. During Asian trading, the price of gold declined by 0.37%.

#OIL
During Asian trade, the price of crude oil has strengthened. Growth in the price of this fuel is mostly supported by the weakening of the US dollar. However, the number of wells released Friday by the Baker Hughes report showed that seven new wells are open, so the total number now stands at 798, which is interpreted as an increase in the production of this fuel in the United States, and the increase in the production of this fuel in the United States up to now negatively reflected on the price of crude oil. During Asian trade, the price of crude oil increased by 1.12%.

294

#EUR/USD
During the Asian trade, the euro weakened against the dollar, which detached itself from a three-year low that was recorded on Friday. At 11:00 o’clock, ZEW is expected to be an indicator of the economic perspectives sentiment in Germany. At around 08:30, the euro is exchanged for $ 1.2373, which at the beginning of the European session shows a gain of 0.27%. Today there are no major economic news and announcements from the United States.

#GBP/USD
During Asian trading, the dollar weakened against the British pound. At 10:30, a set of macroeconomic data from the UK is expected (on the manufacturing industry, the state of the trade balance, etc.), and at 2:00 pm and a forecast on the growth of GDP UK. At 12:00, an indication of the management sentiment in the UK’s industrial activity is expected in the future. At around 08:30, this currency pair is at $ 1.3961 per pound, which means the weakening of the dollar by 0.27%. Today there are no major economic news and announcements from the United States.

#USD/JPY
During Asian trading, the Japanese yen weakened against the dollar. At around 08:30, this currency pair is traded at 106.94 yen per dollar, which makes the dollar stronger by 0.33% at the beginning of the European session. Today there are no major economic news and announcements from the United States.

#GOLD
The price of gold has been falling for the third day in a row due to the dollar that has detached itself from the three-year low that it recorded on Friday. The price of gold is around $ 1339 for a fine ounce around 8:15 am. Today there are no major economic news and announcements from the United States.

#OIL
During the Asian trade, while Brent crude oil is falling, the price of WTI’s crude oil continues to grow due to reduced supplies from Canada through the Keystone oil pipeline, which is still not at full capacity due to leakage that occurred late last year. The OPEC secretary general said that the implementation of this organization’s limitation of production arrangement in January was 133%. At the end of the Asian session, crude oil is traded about $ 62.28 per barrel, which gives an increase of about 1.19%.

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#EUR/USD
During the Asian trade, the euro weakened against the dollar. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the committee heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At 10:00 o’clock, ifo is an indicator of the business climate sentiment in Germany for February. At around 8:20 pm, the euro is exchanging 1.2266 dollars, which at the beginning of the European session shows a gain of 0.14%. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

#GBP/USD
During the Asian trading, the dollar strengthened against the British pound. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the board heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At 10:30, preliminary data on GDP growth in the UK in the fourth quarter of 2017 will be published. At around 8:20 pm, this currency pair is at $ 1.3879 per pound, which means a gain of 0.28%. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

#USD/JPY
During Asian trading, the Japanese yen weakened against the dollar. Last week’s notes from the last US Federal Reserve meeting showed that the mood was overwhelming to continue to increase from the reference interest rate since March, as, according to the committee’s view, a slight increase in inflation will continue during this year. At that meeting, also some members of the committee heard that the tax reform of President Trump’s administration could drive economic growth more than expected. Thirty-year bonds have risen to the highest level since July 2015. At around 8:20 pm, this currency pair is traded at 107.59 yen per dollar, which makes the dollar a stronger yen by 0.17% at the beginning of the European session. At 2:30 pm, regular weekly data from the US labor market will be published, i.e. figures on the number of newly employed persons.

#GOLD
The price of gold has been falling since Friday last week. The US dollar is at its highest level in the last ten days compared to a basket of strong currencies. Last week’s notes from the last US Federal Reserve meeting were published. They showed that in the second half of March, most likely, a new increase in the interest rate, first this year. The price of gold is around 8:25 am around $ 1321 for a fine ounce.

#OIL
During the Asian trade, the price of crude oil declined as the stronger dollar was dominated by the news from the American Petroleum Institute, which announced last night that crude oil stocks fell (-0.9 million barrels and a growth of 1, 3 million). Before the end of the Asian session, crude oil is traded about $ 61.01 per barrel, which gives a drop of about 1.09%.

296

#EUD/USD
During the Asian trade, the euro strengthened against the dollar, primarily due to declining yields on US government bonds that had withdrawn from high levels last week. This morning, data on GDP growth in Germany for the fourth quarter of 2017 remained at the expectation level. At 11:00, a set of inflation figures in the euro zone is expected. At around 08:15 hours, the euro is exchanged for $ 1.2324, which at the beginning of the European session shows a strengthening of the euro by 0.16%. In the afternoon, at 3:00 pm, Mario Draghi, President of the ECB, will speak. An hour later, data from the US real estate market will be published - the number of sold (new) houses.

#GBP/USD
During the Asian trade, the dollar weakened against the British pound, mainly due to declining yields on US government bonds that had withdrawn from high levels last week. There are no major economic releases and news from the UK today. At around 8:20 pm, this currency pair is at $ 1,4011 for a pound, which means a pound increase of 0,26%. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak, and at 4:00 pm, the US real estate data will be published - the number of sold (new) houses.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar, primarily due to declining yields on US government bonds that withdrew from high levels last week. At around 8:20 pm, this currency pair is traded at 106.50 yen per dollar, which makes the dollar weaker against the yen by 0.27% at the beginning of the European session. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak for tomorrow’s address of the new Fed chairman, Jerome Pauel, ahead of the Congress. At 4:00 pm, the US real estate data will be published - the number of sold (new) houses.

#GOLD
The gold price is rising as the dollar is dragging its way to the world’s major currencies, primarily due to declining yields on US government bonds lower than last week, and are cautious before the Congress’s new President of the Fed, Jerome Pauel. The price of gold is around 8:25 am around $ 1340 for a fine ounce. At 2:00 pm, a member of the Fed’s monetary board, James Bulard, will speak.

#OIL
Late last night and during Asian trade, crude oil prices rose slightly. On Friday, it was announced that the number of wells was higher by one (now a total of 799). Crude oil is traded for about $ 63.66 a barrel, which today gives an increase of about 0.17%.

297

#EUR/USD
During the Asian trading, the euro strengthened against the dollar. Yesterday, Mario Dragi pointed out the strong recovery of the European economy, but also stressed that inflation growth should be more convincing and that it is still dependent on the monetary stimulus program implemented by the ECB. At around 08:25 hours, the euro is exchanged for $ 1.2331, which at the beginning of the European session shows a strengthening of the euro by 0.11%. At 2:30 pm, the new President of the Fed, Jerome Pauel, will address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

#GBP/USD
During Asian trading, the dollar weakened against the British pound. There are no major economic releases and news from the UK today. At around 08:25 hours, this currency pair is at $ 1.3973 per pound, which means a pound gain of 0.03%. At 2:30 pm, the new Fed chairman, Jerome Pauel, is expected to address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

#USD/JPY
During Asian trading, the Japanese yen strengthened against the dollar, mostly due to surprisingly higher inflation than the Bank of Japan methodology. At around 8:35 am, this currency pair is traded at 106.88 yen per dollar, which makes the dollar weaker against the yen by 0.06% at the beginning of the European session. At 2:30 pm, the new Fed chairman, Jerome Pauel, is expected to address the US Congress. At that time, the data on orders for durable consumer goods in the United States will also be published as a predictive indicator of aggregate demand. At 16:00, the consumer sentiment indicator in the United States (Conference Board) is expected.

#GOLD
The price of gold is falling. The dollar index is in a mild withdrawal before today’s (first) address by the new Fed chairman, Jerome Pauel, before the US Congress at 2.30 pm. The price of gold is about 8:25 hours around $ 1334 for a fine ounce.

#OIL
During Asian trade, the price of crude oil is in a mild downward trend. The sentiment of the investor was influenced by the constant growth of production in the US, which prevailed over the efforts of OPEC and Russia in terms of production limitations. Expectations are that the USA will shake Russia’s production volume by 2019. At 22:30 hours, stock information is expected at the US Petroleum Institute. At around 8:20 am, crude oil is traded for about $ 63.84 per barrel, which for today gives a drop of about 0.11%.

298

#EURUSD
The euro has weakened against the US dollar during Asian trade. The US currency is continuing its fortunes that began yesterday after testimony before the Congress, Jerome Pavel, president of the US Federal Reserve. In his address, the President of the Fed, reflected positively on the state of the US economy, which added optimism before the next meeting of this institution in March, which should decide on the level of the interest rate. Today, at 11:00 am, the Consumer Price Index (CPI) in the Eurozone will be published, while at 14:30 a reading of the US Gross Domestic Product will be published, which together can create increased price fluctuations in the exchange rate of this currency pair. During the Asian trade, the euro weakened against the US dollar by 0.07%.

#GBPUSD
The British pound weakened against the US dollar during Asian trading. The US currency strengthens against major currency rivals, mostly due to yesterday’s testimony before the Congress, Jerome Pavel, president of the Federal Reserve of the United States, in which he reverted to the US economy. Today, 14:30 will be a reading of the US gross domestic product, while at 16:00 in the US, information on the number of houses sold in the approval process will be published, which can be reflected in the exchange rate of this currency pair. During the Asian trading, the British pound weakened against the US dollar by 0.12%.

#USDJPY
The US dollar weakened against the Japanese yen during Asian trading. Despite Japan’s poorer retail and industrial data, yesterday’s turnover of the Governor of the Bank of Japan, Huruhika Kuroda, in front of the Japanese parliament, strengthened the Japanese yen. The first man of the Bank of Japan, said that if inflation reached the target level, the monetary policy of this institution would go towards normalization, which is one possible signal that the ultra-light monetary policy program could be abandoned in the future. Today, 14:30 will be a reading of the US gross domestic product, while at 16:00 in the US, information on the number of houses sold in the approval process will be published, which can be reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar weakened against the Japanese yen by 0.23%

#GOLD
Gold prices strengthened during Asian trade. Despite the current strengthening of gold price, strong US dollar strengthening still holds the price of this precious metal around the lowest level in the last two weeks. Today, a reading of the US gross domestic product will be published, while at 16:00 also in the US, information on the number of houses sold will be published in the approval procedure, which can be further reflected in the price of gold. During Asian trading, the price of gold increased by 0.09%.

#OIL
During Asian trade, the price of crude oil has weakened. Yesterday’s report of the US Petroleum Institute, although it was lower than expected, showed an increase in crude oil stocks in relation to last week, which has weakened the price of this fuel. The current increase in crude oil production in the United States is pushing the OPEC cartel’s efforts to reduce the production of this fuel by increasing the price of crude oil. Today at 16:30 a US government report will be published on the stock of this fuel, which can be further reflected in the price of crude oil. During Asian trade, the price of crude oil declined by 0.56%.

299

#EUR/USD
During the Asian trade, the euro has weakened against the dollar as it draws doubts about the end of this year’s ECB monetary support program. At around 8:35 am, the euro is exchanged for $ 1.2208, which at the beginning of the European session shows a weakening of the euro by 0.12%. At 9:55 am, the economic activity in the manufacturing sector in Germany will be published for the month of February. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

#GBP/USD
During the Asian trade, the dollar has slightly strengthened against the British pound, and after yesterday’s statement by the European Union’s chief negotiator, Michel Barnie - that negotiations between the UK and the EU have to be accelerated, and that there is a possibility that the UK will suspend access to the EU common market after the departure of the island state from the European Club of States. At around 8:35 am, this currency pair is at $ 1,3759 per pound, which means a gain of 0,01%. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar. At around 8:35 am, this currency pair is traded at the level of 106.85 yen per dollar, which makes the dollar weaker against the yen by 0.16% at the beginning of the European session. At 2:30 pm, a set of indicators from the United States is expected (the number of newly employed workers from the labor market and the consumer price index that prefers the Fed), and at 16:00 hours before the US Congress, a speech by Jerome Pauel, President of the Federal Reserve, continues.

#GOLD
The price of gold is falling. The dollar index is in a mild retreat ahead of the continuation of today’s address by the new Fed chairman, Jerome Pauel, in front of the US Congress. The price of gold is around $ 1314 for a fine ounce around 8:35 am.

#OIL
The price of crude oil declined sharply since yesterday afternoon, as stock data showed a rise in stocks of crude oil and gas, which added to the sentiment that normally prevails - that the shale oil production revolution will lead to the United States soon becoming the world’s largest oil producer. At around 08:30, crude oil is traded about $ 61.73 per barrel, which has been modest since 0.15% since this morning.

300

#EUR/USD
During the Asian trade, the euro strengthened against the dollar that strongly withdrew after President Trump’s statement yesterday that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At around 8:35 am, the euro is exchanged for $ 1.2254, which at the beginning of the European session shows a marginal strengthening of the dollar.

#GBP/USD
During the Asian trade, the dollar weakened against the British pound after yesterday’s statement by President Tramp that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At 10:30, an economic activity indicator in the construction sector of UK will be published and half an hour later a speech by Mark Carney, the governor of the Bank of England, will be announced. Prime Minister Theresa Mey is also expected today to discuss the position of the UK in the negotiations on her country’s EU entry. At around 8:35 am, this currency pair is at $ 1,3771 per pound, which marks a marginal strengthening of the dollar.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar, which strongly weakened after President Tramp’s statement yesterday that the US will introduce customs duty on imports of steel and aluminum next week. This measure, inter alia, is interpreted as a measure which could disrupt the steady flows of world trade. At around 8:35 am, this currency pair is traded on the level of 105.91 yen for one dollar, which makes the dollar a weaker relative to the yen by 0.29% at the beginning of the European session.

#OIL
After the fall, the price of crude oil stabilized during Asian trade. Tonight Baker Hughes’s report on the number of oil wells in the United States will be published. At around 08:30, crude oil is traded for around $ 60.91 per barrel, which gives a modest drop of 0.13% since this morning.

301

#EUR/USD
During the Asian trade, the euro weakened against the dollar as the uncertainty drew between investors in connection with the results of parliamentary elections in Italy and the outcome they will bring when a parliamentary majority is formed in the third economy of the euro zone. On the other hand, the euro supports the yesterday’s decision by the German Social Democrats to back a new government led by Angela Merkel. At around 8:20 pm, the euro is exchanged for $ 1.2290, which at the beginning of the European session shows a gain of 0.22%.

#GBP/USD
During the Asian trading, the dollar strengthened against the British pound. The dollar is still pressuring President Trump’s decision last week - that the US introduce customs duties on imports of steel and aluminum. At 10:30 am, an indicator of (sentiment) economic activity in the UK service sector will be announced for February. At around 8:35 am, this currency pair is at $ 1,3781 per pound, which means a gain of 0.14%.

#USD/JPY
During the Asian trade, the Japanese yen strengthened against the dollar that still exerts pressure on President Trump’s decision last week - that the US introduce customs duties on imports of steel and aluminum. A meeting of the Bank of Japan is held this week. At around 8:35 am, this currency pair is traded at 105.38 yen per dollar, which at the beginning of the European session makes the dollar weaker than the yen by 0.35%.

#GOLD
Gold prices are rising during Asian trade. The uncertainty in Italy after the parliamentary elections held yesterday and the possible rising trade war support the price of yellow metal. The gold price is about $ 1326 for a fine ounce around 8:30 am.

#OIL
The price of crude oil has risen on account of the expectation that large US oil companies and members of the OPEC and Russia can bring closer attitudes at a major industry conference held in Texas today. About 08:25 hours, crude oil is traded about $ 61.36 a barrel, which has been modest since 0.18% since this morning.

302

#EUR/USD
During the Asian trade, the euro strengthened strongly in order to weaken against the dollar in the second part of trading (o). The results of the parliamentary elections in Italy and the decisions of the German Social Democrats of the week - to support the new government Angela Merkel leave a mixed impression on the common European currency. At around 08:25, the euro is exchanged for $ 1.2338, which at the beginning of the European session shows a slight appreciation of the euro by 0.02%. Today, there are no major economic announcements from the EU at 13:30, will be publicly spoken by a member of the Federal Reserve Board of Monetary Policy, William Dudley.

#GBP/USD
During the Asian trading, the dollar strengthened against the British pound. There are no major economic releases and news from the UK today. At 08:25 hours, this currency pair is at $ 1.3827 per pound, which means the dollar gain of 0.16%. At 13:30, a member of the Monetary Committee of the Federal Reserve, William Dudley, is expected to address.

#USD/JPY
During the Asian trade, the Japanese yen weakened to compensate for all losses in the second part of the trading against the dollar. Last night it was heard that it might happen that President Tramp abandoned the (hard) decision to impose customs duties on imports of steel and aluminum, which gave relief to the dollar that is in a downward trend towards the Japanese currency. The Governor of the Bank of Japan stated that there are certain dangers that acceleration of inflation will not continue at a pace that his institutions have anticipated. At around 08:25, this currency pair is traded at the level of 106.18 yen per dollar, which makes the dollar weaker against the yen by 0.03% at the beginning of the European session.

#GOLD
Gold prices recorded a slight increase in Asian trade. The uncertainty that followed Sunday’s parliamentary elections in Italy gave support to the price of gold, while expectations regarding the rising trade war (yesterday) plunged, limiting the rise in the price of yellow metal. The gold price is about $ 1321 for a fine ounce around 8:30 am.

#OIL
The price of crude oil has risen on account of the expectation that the (rising) global demand for oil is growing faster than the pace of production, primarily in OPEC and Russia, which could have been heard at a major conference held this week in Texas. At around 08:30, crude oil is traded for about $ 61.34 per barrel, which gives a modest growth of 0.15% since this morning.