US dollar is falling moderately against most majors. The ADP report on nonfarm employment change, published on Wednesday, showed an increase to 227K in October from 218K a month earlier, but this did not provide any support to the instrument. Macroeconomic releases that can affect the rate today include statistics on initial jobless claims (14:30 GMT+2) and on Manufacturing PMI in the US (16:00 GMT+2). It is expected that the number of initial jobless claims for the week will be reduced to 213K from 215K a week earlier, and the Manufacturing PMI, as predicted, may decrease to 59.0 points in October from 59.8 points a month earlier. The implementation of the forecast on Manufacturing PMI could put pressure on the USD.

EUR/USD

The EUR/USD pair rose to 1.1352 during the Asian session. Due to the absence of macroeconomic releases from the euro area, the movement of the pair's exchange rate will be affected by US statistics.

GBP/USD

The pair GBP/USD is showing positive dynamics having risen to 1.2847 during the Asian session. As there was a lack of key economic releases, the movement of the price was of technical nature. Today, traders expect the publication of the UK's Manufacturing PMI (11:30 GMT+2). The indicator is expected to fall to 53.0 points in October from 53.8 points a month earlier. If the forecast proves right, the pound may fall under pressure. In the afternoon, investors will follow a meeting of the Bank of England with a decision on the interest rate and Mark Carney's speech. It is expected that the rate will remain unchanged at 0.75% until the completion of the Brexit procedure.

USD/JPY

The USD/JPY pair today dropped to 112.89 during the Asian session. Due to the absence of macroeconomic releases from Japan, the movement of the pair's exchange rate will be affected by US statistics.

AUD/USD

The AUD/USD pair rose to 0.7125 during the Asian session. AUD is supported by statistics on the trade balance of Australia, which showed a growth rate of up to 3.017 billion dollars in September from 2.342 billion a month earlier.

Gold

After a long decline, gold quotations went into the upward correction phase. Due to this, the quotes of the instrument rose to 1218.75.

Morning Market Review

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