USD is strengthening against most majors. Yesterday's positive statistics from the US supported USD. ADP Employment Change report was better than the forecasts and demonstrated growth to 230K in September from 163K a month earlier. Markit Services PMI increased to 53.5 points in September from 52.9 a month earlier. Investors reacted to this news with active purchases of the US currency. Today, market participants will pay attention to statistics on initial jobless claims in the US for the week, as well as to data on factory orders. It is expected that Initial Jobless Claims will reduce to 213K from 214K a week earlier, and the Factory Orders Index will grow to 2.1% in August from –0.8% a month earlier. If the forecast proves correct, it can support the instrument.


The pair EUR/USD dropped to 1.1474 due to the strengthening USD. Today, the macroeconomic calendar of euro area lacks important releases, so the movement of the rate will depend on the news from the US.


Due to the pressure from yesterday's weak statistics on Markit Services PMI in the UK, as well as from the growing USD, quotes of the pair GBP/USD fell to the level of 1.2939. Today, the macroeconomic calendar of the UK lacks important releases, so the movement of the rate will depend on the news from the US.


The pair USD/JPY rose to 114.40 due to the positive statistics from the US. The main release for the pair will be tomorrow's statistics on the US labor market.


Due to the strengthening of the US dollar, quotes of the pair AUD/USD show negative dynamics and have fallen to 0.7080. Published on Thursday morning, data indicating an increase in Australia’s trade surplus to USD 1.604 billion could not support the instrument.


Against the background of growing investor interest in the US dollar, gold quotes dropped to the level of 1197.67.

Morning Market Review

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