EUR/USD

The AUD/USD pair at the Asian session declined insignificantly and reached the level of 1.1650. On Friday afternoon, the quotations were growing despite the positive results of the US GDP. In addition, President Donald Trump tried to lend support to the US currency, though unsuccessfully, saying that the US economy is on its way to the most significant growth in the last 13 years.

During the day, market participants are waiting for the publication of data on the Consumer Price Index in Germany, which in July could grow from 0.1% to 0.4% MoM, and could remain at the same level of 2.1% YoY. The data from the US real estate market, which are expected mixed, will be published this evening. Pending Home Sales could grow by 1.1% MoM and could decline by 0.6% YoY.

GBP/USD

The pair GBP/USD has slightly declined in the morning and is now trading at 1.3100. During the week, investors will wait for the meeting of the Bank of England. A rate hike has been expected from the British regulator for a long time, and it was considered quite realistic in early summer. However, a series of weak data on the Consumer Price Index, retail sales and average earnings is likely to force the Bank of England to postpone the change in monetary policy. In addition to negative economic data, the regulator is also pressured by the difficulties with Brexit. A significant part of British initiatives was rejected by the EU during last week's negotiations, as a result of which the risk of Brexit without a deal increased.

AUD/USD

The AUD/USD pair is correcting downwards at the Asian session and is now trading at 0.7385. In general, AUD has been weakening since the end of January, which is largely due to the development of a trade war between Australia's two leading trading partners, the US and China. Weakening of the economic performance of either side will put additional pressure on the Australian currency.

USD/JPY

Quotations of the pair USD/JPY during the Asian session grew to the level of 111.15. The yen is weakening, despite strong data on retail sales in Japan. The indicator grew from –1.7% to 1.5% MoM and from 0.6% to 1.8% YoY. Investors are waiting for tomorrow's meeting of the Bank of Japan and the discussion of measures of monetary policy correcting.

Gold

Quotes of gold resumed the decline in the morning, reached the level of 1219.00 and continue to strive to the area of the June lows, to the level of 1211.00.

Morning Market Review

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