Analysis

The pair EUR/USD declined to 1.1300 due to poor statistics from the euro area

The US dollar has strengthened against the euro, the pound and the yen, but is declining against AUD. Friday's US statistic was ambiguous. Services PMI declined to 53.4 points in December from 54.7 a month earlier. Industrial Production index increased to 0.6% MoM in November from –0.2% a month earlier, and YoY it declined to 3.9% from 4.1% in the previous month. Retail Sales indicator was better than forecasts at the level of 0.1% and amounted to 0.2% in November against 1.1% last month.

EUR/USD

The pair EUR/USD declined to 1.1300 due to poor statistics from the euro area, published on Friday. Manufacturing PMI fell to 51.4 points in December from 51.8 points last month, which is the lowest value since 2016. Services PMI decreased to 51.4 points in December from 53.4 points a month earlier, which is the lowest value since 2015. The pessimism of companies is associated with global trade conflicts and the likelihood of a tough Brexit. Today, investors are waiting for the publication of data on the Consumer Price Index and the EU trade balance for November (12:00 GMT+2). On a monthly basis CPI is expected to drop to –0.2% in November from 0.2% a month earlier. In annual terms, the indicator is expected to remain unchanged at 2.0%.

GBP/USD

In the absence of significant releases from the UK, Quotes of the GBP/USD pair fell to the level of 1.2580, where they are currently consolidating. Market participants are awaiting news regarding Brexit. Recently, Theresa May received a refusal from EU representatives in Brussels in response to a request for new concessions in the deal. It is known that the European Union is ready to proceed with the ratification of the agreement, but will not renegotiate. Against this background, the chances for a tough Brexit continue to rise for the UK.

USD/JPY

The USD/JPY pair today rose to 113.47 during the Asian session, regaining part of Friday's losses. In the absence of important macroeconomic releases from Japan, the growth of the instrument is primarily technical.

AUD/USD

Quotes of the pair AUD/USD show a moderate positive trend having risen to the level of 0.7181 during the Asian session. As there is a lack of key economic releases, the movement of instrument is of technical nature.

Gold

Gold quotes show a moderate descending trend, declining to 1236.33 during the Asian session.

 

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