US dollar is trading in both directions against the majors during the Asian session. Today, the American stock exchanges are closed due to the Columbus Day celebration, so low instrument volatility is expected.

EUR/USD

The EUR/USD pair declined to 1.1505 during the Asian session. Due to the lack of macroeconomic releases in the eurozone and the US, the movement of the instrument is influenced by technical factors.

GBP/USD

The GBP/USD pair shows a positive trend and rose to 1.3122 on Friday. In general, the pound is supported by news that representatives of the European Union are ready to offer the UK a “unique” deal, which is more ambitious than the previously proposed Brexit solutions. EU officials are expected to officially present the terms of the new agreement on Wednesday.

Due to the absence of significant macroeconomic releases in the UK, the movement of the instrument is speculative.

USD/JPY

The USD/JPY pair today rose to 113.90 during the Asian session. Today, banks in Japan and the United States are closed due to holidays, so reduced instrument volatility is possible.

AUD/USD

The rate of the pair AUD/USD on Friday fell to the area of 0.7049, where it is consolidating currently. The instrument continues to be affected by the low interest rate policy, as well as the development of the trade conflict between the US and China.

Gold

Gold quotations fell to 1195.31 during Asian trading. Due to the absence of significant macroeconomic releases in the US, the movement of the instrument is speculative.

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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