EUR/USD

Quotations of the pair EUR/USD by the end of the US session rose to 1.1680, where they consolidated during the Asian session. Today, the macroeconomic calendar of the eurozone does not expect major releases that could significantly affect the rate of the instrument. Due to the absence of news, the movement of the pair will be of a technical nature.

GBP/USD

The rate of GBP/USD during the night trading fell to 1.2870 as a result of correction. Due to the absence of important macroeconomic releases the trading activity is expected to be low.

USD/JPY

The pair USD/JPY managed to consolidate during the Asian session and reached the level of 111.32. As there is a lack of key economic releases, the movement of the rate is of technical nature. The key statistics for Japanese investors will be released on Thursday and Friday when Retail Sales and Industrial Production data will be published. It is predicted that the volume of July retail sales may decline, and the level of industrial production can grow significantly.

AUD/USD

The pair AUD/USD this morning corrected to 0.7324 after active growth during yesterday's US session. Some support for AUD is still provided by the appointment of Scott Morrison as the Prime Minister of Australia.

Gold

Gold quotes have changed insignificantly and consolidated within the range of 1207.25–1212.25. Due to the absence of important macroeconomic releases the trading activity is expected to be low.

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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