EUR/USD

The EUR/USD pair is falling due to Monday’s EU statistics. Markit Manufacturing PMI was worse than expected and fell to 54.9 points in June from 55.0 points a month earlier. Unemployment Rate remained unchanged at 8.4% in May despite the expectations of growth to 8.5%.

The pair is under pressure of German government crisis and fell to the area of ​​1.1596. However, during today's morning trading session it was corrected to the level of 1.1630, where it is now consolidating.

Today, traders will pay attention to EU Retail Sales release. The YoY value can fall from 1.7% to 1.5%, which will affect the instrument negatively.

GBP/USD

The GBP/USD pair fell to the level of 1.3137 despite positive UK Markit Manufacturing PMI, which grew to 54.4 points in June from 54.3 points a month earlier.

Today, investors are waiting for British PMI June Construction data, which is expected to stay at the level of 52.5 points.

AUD/USD

The AUD/USD pair rebounded from the level of 0.7309 and was corrected to the level of 0.7354. Today, the RBA left the interest rate unchanged at 1.50%, as expected, and the following Rate Statement contained nothing new. The regulator noted that the current rates correspond to the forecasts of inflation and GDP.

USD/JPY

The USD/JPY pair is growing steadily and reached the level of 111.00 due to positive US Monday statistics. Markit Manufacturing PMI rose to 55.4 points in June from 54.6 points a month earlier. ISM Manufacturing PMI increased to 60.2 points in June from 58.7 points in the previous month. However, ISM Prices Paid index fell to 76.8 points in June from 79.5 points a month earlier.

Today, traders will pay attention to May US Factory Orders release.

Gold

Gold prices fell to the 7-month minimum at 1237.54 due to the general strengthening of the US currency. As the traders expect the increase in Fed’s interest rate, they prefer to invest in the USD.

Morning Market Review

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