US dollar is trading in both directions against the majors. Investors are focused on the ongoing trade conflict between the US and the PRC. Washington said it was ready to introduce new duties on Chinese goods worth USD 267 billion. The Chinese side, in turn, can take retaliatory measures. Macroeconomic statistics able to influence the rate of the currencies paired with the USD today includes the publication of the Fed's "Beige book" (20:00 GMT+2).

EUR/USD

Quotations of the pair EUR/USD showed moderately negative dynamics and fell to the level of 1.1581 during the Asian session. Today, investors are waiting for the publication of Industrial Production data (11:00 GMT+2). According to forecasts, the figures may decrease in July, which will put additional pressure on the euro. YoY, the indicator may decline from 2.5% to 1.0%. MoM, the volume of industrial production could decrease by 0.5%.

GBP/USD

The quotations of the GBP/USD pair are consolidating around 1.3000. Due to the absence of important macroeconomic releases the trading activity is low.

USD/JPY

Quotations of the pair USD/JPY during the Asian session corrected downwards to the level of 111.52. As there is a lack of key economic releases, the movement of JPY is of technical nature.

AUD/USD

Quotes of the pair AUD/USD are moving in a narrow range with the limits of 0.7084–0.7125 and have changed insignificantly in one day. In the absence of macroeconomic releases from Australia, investors' attention is focused on the development of a trade conflict between China and the United States.

Gold

Quotes of gold demonstrate ambiguous dynamics within the corridor of 1187.50–1199.22. Currently, the instrument is consolidating at 1195.31.

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.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback