EUR/USD

The pair EUR/USD grew to 1.1688 due to mixed statistics from the US, published on Thursday.

Initial jobless claims grew to 231K from 228K previous week. Markit Services PMI remained unchanged at the level of 56.5 points. ADP Employment Change declined to 177K in June against 189K a month earlier (with a forecast of 190K). ISM Non-Manufacturing PMI grew to 59.1 points in June from 58.6 points a month earlier. Released FOMC minutes demonstrated that the Fed intends to head for a gradual rate increase as it is generally satisfied with the growth rates of the economy. At the same time, the minutes showed that some Fed's experts are concerned about high inflation rates and believe that the US economy is now working above its real potential. In their opinion, such a trend may lead to a serious economic downturn in the long term.

In the afternoon, statistics on the labor market in the US will be published.

GBP/USD

The pair GBP/USD fell to 1.3220 from the highs at 1.3267. The pound is under pressure on the negative backdrop around Brexit. The Government of Theresa May cannot find a compromise on the customs deal with the EU.

Today, investors will focus on the labor market statistics in the US. Nonfarm Payrolls are expected to drop to 195K from 223K and Average Hourly Earnings can grow from 2.7% to 2.8%.

AUD/USD

Quotes of AUD/USD rose to 0.7408 during today's Asian session. Weak today's data on AiG Performance of Construction which fell to 50.6 points in June from 54.0 points a month earlier, were ignored by the market.

USD/JPY

The pair USD/JPY shows positive dynamics. During today's Asian session, the rate reached 110.76 against the backdrop of mixed data from Japan. Overall Household Spending dropped to –3.9% from –1.3% a month earlier. Composite Index of Leading Indicators grew to 106.9 points from 106.2 points a month earlier.

The main macroeconomic release, capable of influencing the rate of the pair, today will be the publication of data on the labor market in the United States.

Gold

Quotes of gold show ambiguous dynamics and on the whole have changed insignificantly. Against the backdrop of expectations of statistics on the labor market in the US, they are traded in the range of 1250.00–1260.00.

Morning Market Review

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