The US currency shows ambiguous dynamics against most of majors, strengthening against the yen, dropping against the Australian dollar, and showing lateral dynamics paired with the euro and the pound. Data on private income and spending from the United States published yesterday turned out to be weak, but did not have a noticeable effect on USD. Private income decreased to 0.2% in September from 0.4% a month earlier. Private spending decreased to 0.4% in September from 0.5% a month earlier. Macroeconomic events that can affect the instrument today include the publication of CB Consumer Confidence index. The indicator is expected to fall to 136.0 points in October from 138.4 points a month earlier. If the forecast proves right, USD will fall under pressure.


During the Asian session, the pair EUR/USD demonstrates lateral dynamics while consolidating at 1.1376. Today, investors are waiting for data on euro area's GDP for Q3 2018. The indicator is expected to drop in annual terms to 1.9% in Q3 2018 from 2.1% in the previous term. In quarterly terms, the indicator is expected to remain unchanged at 0.4%. Additional pressure on the euro is exerted by the political factor: German Chancellor Angela Merkel may leave the post of the CDU party leader against the background of declining support from voters.


Quotes of GBP/USD changed insignificantly and consolidate at 1.2802. Statistics on consumer and mortgage loans published yesterday turned out to be ambiguous and, on the whole, had no effect on the pound rate. Due to the absence of macroeconomic releases from the UK, the movement of the pair's exchange rate will be affected by US statistics.


The USD/JPY pair rose to 112.69 during the Asian session. Today's data on unemployment in Japan were positive, but did not support the yen. The unemployment rate dropped to 2.3% in September from 2.4% a month earlier.


The pair AUD/USD rose to the level of 0.7090 on the background of non-uniform statistics on building approvals in Australia. According to published data, on a monthly basis, the indicator did not reach the forecasts and amounted to 3.3% in September against –8.1% a month earlier, while growth was forecast to 3.9%. YoY, the index fell to –14.1% in September from –13.6% a month earlier.


Gold quotations are falling moderately having dropped to 1226.56 during Asian trading.

Morning Market Review

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