The dynamics of USD against most major currencies is ambiguous. During the Asian session, USD is rising against EUR, JPY, and GBP but declining against AUD. Due to the lack of significant macroeconomic releases in the United States and the early closure of many European and Asian stock exchanges, the movement of USD against the other currencies will be primarily technical.

EUR/USD

During the Asian session, the EUR/USD pair is falling and reached 1.1427. As there is a lack of significant macroeconomic releases in EU and the US, the movement of the EUR/USD pair will be influenced by technical factors.

GBP/USD

After active growth on Friday, the GBP/USD pair was corrected downwards and consolidated around the level of 1.2687. Today, UK banks and exchanges will close at 12:30 (GMT+2), therefore, the lower volatility of the GBP/USD pair is predicted.

USD/JPY

As there is a lack of significant releases in the US and a holiday in Japan, the USD/JPY pair is consolidating around the level of 110.35.

AUD/USD

The AUD/USD pair is growing moderately and during the Asian session, it rose to the level of 0.7057. November Private Sector Credit release published at night decrease to 0.3% from 0.4% a month earlier but could not affect AUD negatively.

Gold

Due to the low trading activity, gold prices are moving within the narrow range of 1280.38–1277.24.

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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