EUR/USD

The EUR/USD rate changed insignificantly during the Asian session and is consolidating near 1.1428. Macroeconomic events that can affect the instrument in the short term include today's statistics on the producer price index from Germany.

GBP/USD

Against the backdrop of the absence of important macroeconomic releases, the GBP/USD quotes changed insignificantly and are traded near the level of 1.2741. In these conditions, the GBP/USD movement is of a technical nature.

USD/JPY

USD/JPY quotes grew to the level of 110.60 during the Asian session. In the absence of significant releases, the movement of the Japanese currency is technical.

AUD/USD

The AUD/USD rate changed insignificantly during the Asian session and is consolidating near 0.7309. Investors are waiting for Tuesday when the speech of the RBA head Philip Lowe will be held, and also the minutes of the Reserve Bank of Australia meeting will be published. The main event of the week for commodity currencies will be the results of US-China trade talks, which are scheduled for August 21-22. If the parties do not come to an agreement, AUD/USD will fall under pressure again.

Gold

Gold quotes are growing moderately and reached the level of 1187.50. In the absence of important macroeconomic releases, the movement of the instrument is mostly technical.

Morning Market Review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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