Today is the last active day on the market this week: tomorrow the publication of any significant macroeconomic reports or events affecting the Forex market are not expected. The day began with news from Japan, which managed to restore the trade surplus, exceeding investors' expectations. The Australian dollar also received support, thanks to new unemployment data, which remained at 5.2% for the third month in a row.
In the middle of the day we traditionally receive news from Europe. Today new data on the British economy was published. As it became known, in June the basic retail sales index grew by 0.9%, unexpectedly exceeding the expectations on the market. Retail sales also rose, allowing the pound to strengthen slightly against major currencies, after a period of decrease due to pessimistic sentiments regarding Brexit.
In the afternoon investors expect the publication of the index of business activity from the Philadelphia FED, as well as data on the number of applications for unemployment benefits in the United States. Meanwhile, the USD is getting cheaper due to the decline in the yield of government bonds, as well as the growing demand for safe assets.
