Quotes of EUR/USD climbed to the level of 1.1390 during the Asian session. As for the macroeconomic news that can influence the EUR/USD rate today, it is worth highlighting the data from the Eurozone on the trade balance, as well as statistics on the initial applications for unemployment benefits in the US for the week and the Housing Starts Change in the US in July. Also, investors continue to monitor the development of the financial crisis in Turkey. The aggravation of the crisis can cause serious damage to many European banks that have issued loans to Turkish borrowers for $81 billion.


GBP/USD is slightly growing and testing the resistance level of 1.2725. Market participants are waiting for the data on retail sales in the UK. Indicators promise to be strong and can support the British currency. The volume of retail sales on an annual basis may increase from 2.9% to 3.0%, and on a monthly basis from -0.5% to 0.2%.


Due to the general weakening of the US dollar and the mixed statistics from Australia, published today, the pair AUD/USD managed to rise to the level of 0.7278. According to published data, the unemployment rate fell to 5.3% in July from 5.4% a month earlier. The employment rate fell to -3.9K in July from 50.9K a month earlier.


Quotes of USD/JPY climbed to the level of 110.84 due to the weak statistics from Japan, published on Thursday. According to published data, the total trade balance fell to -231.2 billion yen in July from 720.8 billion yen last month.


Quotations of gold fell to the area of ​​semi-annual lows at 1159.95, but have now adjusted to the level of 1176.20. Today, the rate of gold in the short term may be affected by statistics from the United States.

Morning Market Review

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