EUR/USD

Quotations of EUR/USD returned to the area of 1.1673 after the decrease in the area of 1.1629.

The main macroeconomic release, capable of having a significant impact on the rate of the pair, will be the publication of statistics from the US.

GBP/USD

GBP/USD continues to show moderate uptrend, supported by yesterday's positive data on Services PMI in the UK. Due to the national holiday in the US, the "bulls" managed to raise the rate to the level of 1.3232. Today, investors will focus on the speech of the head of the Bank of England, Mark Carney. His comments on the current economic situation and prospects for its development in connection with Brexit may lead to an increase in the volatility of the instrument.

AUD/USD

The rate of the pair AUD/USD corrected to the level of 0.7370 after moderate growth during three trading days. Due to the absence of macroeconomic releases from Australia, as well as the national holiday in the US, the decline in quotations is of a technical nature. Investors began to fix profits on long positions, which puts pressure on the AUD/USD rate.

USD/JPY

Quotes of USD/JPY grow in the course of today's Asian session and have moved up to 110.64. Due to the absence of important releases from Japan, the USD/JPY movement is speculative.

Today market players will pay attention to statistics from the USA. ADP Employment Change Report is due today at 14:15 GMT+2. The indicator is expected to grow to 190K in June from 178K a month earlier. If the data are at or above forecasts, the pair will receive support in the short term.

At 20:00 (GMT+2) the FOMC minutes are expected from which investors hope to understand the further actions of the American regulator regarding the interest rate increase.

Gold

Quotes of gold have changed insignificantly due to the national holiday in the US and are consolidating around 1255.00 in anticipation of publication of statistics from the US.

Morning Market Review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback