The US currency is declining against most of its competitors waiting for the official results of the vote on the midterm elections in the United States. According to preliminary data, the majority in the Senate will be retained by Republicans with 51 mandates out of 100. The Democratic Party received 42 mandates. At the same time, the Republicans lost their leadership to the Democratic Party in the House of Representatives. President Donald Trump himself called the elections successful for the Republican Party.


During the Asian session, the pair EUR/USD demonstrated ambiguous dynamics. The rate tested a maximum at 1.1474 and a minimum at 1.1397, after which it returned to the area of 1.1450. Today, market participants are waiting for the release of the data on the euro area's Retail Sales (12:00 GMT+2). On an annual basis, the indicator is expected to fall to 0.7% in September from 1.8% a month earlier. On a monthly basis, the indicator is likely to rise to 0.1% in September from –0.2% a month earlier.


The pair GBP/USD is showing positive dynamics having risen to 1.3122 during the Asian session. In general, the British currency is supported by positive expectations of investors regarding Brexit. Today, traders will pay attention to the publication of Halifax House Price Index in the UK. The indicator is expected to grow to 0.3% MoM in October from –1.4% a month earlier. YoY the indicator is likely to drop to 1.2% in October against 2.5% a month earlier.


The USD/JPY pair today dropped to 113.08 during the Asian session. Due to the absence of significant releases in Japan, the instrument is influenced by the US news.


The pair AUD/USD rose to 0.7263 due to the weakening USD. Due to the absence of significant economic releases from Australia, the instrument movement will be affected by news from the US.


Gold prices fell on Tuesday. During today's Asian session, they demonstrated ambiguous dynamics within the range of 1222.77–1231.94. Currently, the instrument is consolidating at 1228.50.

Morning Market Review

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