Quotations of EUR/USD after the reduction under pressure of weak data on inflation in the EU corrected to the level of 1.1652. Due to the lack of news from the eurozone, the impact on the rate may be made by today's statistics from the US, where data on initial jobless claims will be published. The indicator is expected to grow to 220K from 214K a week earlier, which can support the instrument in the short term.


GBP/USD quotes corrected to the level of 1.3061, where they are consolidating now. Today market participants are waiting for the release of the data on the UK retail sales (10:30 GMT+2). It is expected that it will be poor and the pressure on the pound will increase. Retail Sales MoM may fall from 1.3% to 0.4%, and it is likely to remain at the same level of 3.9% YoY.


Quotes of AUD/USD increased to 0.7420 with the support of positive data at the Australian labor market. Employment Change indicator increased to 50.9K in June from 13.4K a month earlier. Participation Rate increased up to 65.7% in June against 65.5% a month earlier. Unemployment Rate remained at the level of 5.4% in June. Currently there is a formation of a downward correction.


Quotations of USD/JPY are moving in a narrow range at 112.64–112.85. Thursday morning statistics on Japan's trade balance could not have a significant impact on the rate of the pair. According to the data, Merchandise Trade Balance Total surplus increased to 721.4B yen in June from –580.5B yen a month earlier. Due to the absence of important macroeconomic releases today, the movement of the instrument will be speculative.


Quotes of gold continue to show a moderate descending dynamics and dropped to the level of 1222.00. The instrument is under pressure by the strengthening USD.

Morning Market Review

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