During today's Asian session, the EUR/USD pair changed insignificantly and moved sideways within the range of 1.1395–1.1402. Investors are waiting for German Gross Domestic Product publication and Harmonized Index of Consumer Prices release at 8:00 (GMT+2) and EU Gross Domestic Product and Industrial Production releases at 11:00 (GMT+2).


Yesterday and during today's Asian session, the GBP/USD pair has changed slightly and is trading around 1.22771. Today, investors are waiting for the block of key British statistics release. On Tuesday, there will be data from the UK labor market. The Unemployment Rate is expected to stay at the level of 4.2%, and Average Earnings including Bonus – around 2.5%. Since the beginning of this year, the growth rate of salaries in the UK is gradually declining; this may lead to a decrease in retail sales and affect the country’s GDP negatively.


During the Asian trading session, the USD/JPY pair rose to the area of ​​110.84 due to ambiguous statistics from Japan. Capacity Utilization index decreased to –2.2% in June from –2.1% a month earlier. Industrial Production was –0.9% YoY in June against –1.2% YoY a month earlier. The MoM indicator's values were better than forecasted and amounted to –1.8% in June against –2.1% a month earlier.


The AUD/USD pair declines moderately and tests the support level at 0.7263. Morning Australian statistics did not affect the price significantly. National Australia Bank's Business Conditions index fell to 12 points in July from 15 points a month earlier. National Australia Bank's Business Confidence rose to 7 points in July from 6 points a month earlier.


During the Asian session, gold prices entered the upward correction and tested the resistance level of 1195.31. As there is a lack of key US releases today, the instrument moves due to the technical factors.

Morning review

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