USD declines moderately against most majors, with the exception of the yen. The US currency moved to decline after market participants had played on statistics on US GDP for Q3 2018, which turned out to be better than expected. The indicator fell from 4.2% to 3.5% instead of the expected 3.3%. Macroeconomic events that can affect the instrument today include the core PCE index in the USA. It is expected that in monthly terms, the value of the indicator will increase to 0.1% in September from 0.0% a month earlier, and in annual terms it will remain unchanged at 2.0% over the same period. Confirming forecasts can support the dollar.


The pair EUR/USD rose to 1.1398 due to the weakening USD. Due to the absence of macroeconomic releases from the EU, the movement of the pair's rate will be affected by US statistics.


On the background of the USD correction and the absence of macroeconomic releases in the UK on Friday, the rate of the pair GBP/USD corrected to 1.2833, near which it is consolidating during the Asian session. Today, investors will pay attention to the statistics on mortgage approvals and on BoE consumer credit (11:30 GMT+2).


The pair USD/JPY shows ambiguous dynamics. During the Asian trading session, the rate consolidated around 111.91. The data on retail sales in Japan published today coincided with forecasts and made 2.1% in September against 2.7% a month earlier, but did not have a significant effect on the yen. Today, traders will follow the statistics from the USA.


The pair AUD/USD, supported by positive data on new home sales in Australia, and also amid a general weakening of the US currency, rose to 0.7095. According to statistics, new home sales rose to 1.1% in September from –2.9% a month earlier.


Gold quotations dropped to 1232.42 during Asian trading.

Morning Market Review

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