EUR/USD

The EUR/USD pair shows a slight decrease, correcting after the active growth the day before, as a result of which the instrument updated local highs from June 22. Quotes are testing 1.0945 for a breakdown, and investors are waiting for the publication of macroeconomic statistics on Wednesday and Thursday, as well as comments from the heads of the European Central Bank (ECB), the US Federal Reserve and the Bank of England, counting on their "hawkish" rhetoric. The growth of the single currency on Tuesday was due to the comments of representatives of the European regulator, who announced the advisability of further adjustment of the cost of borrowing after the already planned increase in the value in July. In addition, today investors will evaluate the June statistics from Italy: forecasts suggest that the Consumer Price Index will slow down from 7.6% to 6.8% in annual terms and from 0.3% to 0.1% in monthly terms. Eurozone inflation data will be released at the end of the week, but analysts' current estimates also suggest that the annual rate will continue to decline, dropping from 6.1% to 5.6% in June. At the same time, core inflation is still expected to increase from 5.3% to 5.5%. On Thursday, June 29, the final statistics on the dynamics of the US Gross Domestic Product (GDP) for the first quarter will be published: forecasts do not imply any changes from the previous estimate of 1.3%.

GBP/USD

The GBP/USD pair is trading lower, returning to the "bearish" trend after an attempt to grow the day before. The instrument is testing 1.2730 for a breakdown, waiting for new drivers to appear on the market. On Friday, June 30, investors will pay attention to the June statistics on Housing Price Indices from Nationwide. Forecasts suggest that the indicator will accelerate the decline from -0.1% to -0.3% in monthly terms and from -3.4% to -4.0% in annual terms. Today at 13:00 (GMT 2) a Quarterly Bulletin from the Bank of England for the second quarter will be published, as well as new comments from representatives of the British regulator. The market is almost completely confident in at least one more increase in the interest rate by the regulator during the July meeting. In turn, pressure on the instrument is exerted by yesterday's macroeconomic statistics from the US. Thus, New Home Sales in May added 12.2% after rising by 3.5% in the previous month, while analysts had expected growth of 0.5%.

AUD/USD

The AUD/USD pair shows a confident decline, returning to last week's dynamics after a short attempt at corrective growth on Monday and Tuesday. The instrument is testing the level of 0.6640 for a breakdown, reacting to the publication of statistics in Australia. In May, the Consumer Price Index slowed down from 6.8% to 5.6%, while analysts expected a decline to 6.1%. It is likely that a sharp decline in inflation will force the Reserve Bank of Australia (RBA) to return to a wait and see approach, which negatively affects the position of the national currency ahead of the planned rate hikes by the European Central Bank (ECB), the US Federal Reserve and the Bank of England in July. In turn, yesterday's statistics from the US supported the US currency: New Home Sales in May added 12.2% after rising by 3.5% in the previous month, while analysts expected a slowdown in dynamics to 0.5%, and the Housing Price Index accelerated in April from 0.5% to 0.7% with a forecast of 0.3%.

USD/JPY

The USD/JPY pair is consolidating near 144.00, waiting for new drivers to appear on the market. The day before, the US currency showed moderate growth, having received support from macroeconomic statistics. In particular, investors drew attention to the acceleration of New Home Sales in May from 3.5% to 12.2%, while analysts had expected 0.5%. In turn, the comments of Japanese Finance Minister Shunichi Suzuki, who reminded the markets of their readiness to intervene to support the national currency, had a positive impact on the yen. Last year the Japanese government has already taken similar steps when the national currency fell below the level of 145.00. At the moment, the regulator is not going to tighten monetary policy yet due to still low inflation in the country. On Thursday, June 29, markets will analyze May Retail Sales: forecasts suggest that the figure will correct from 5.0% to 5.4% in annual terms and from -1.2% to -0.2%.

XAU/USD

The XAU/USD pair is trading around 1915.00, returning to the local lows updated last week. As before, pressure on gold is exerted by expectations of further tightening of monetary conditions by world central banks. In particular, the US Federal Reserve, the European Central Bank (ECB) and the Bank of England have already announced their intentions to increase the cost of borrowing during their July meetings. The day before, investors also drew attention to the comments of Japanese Finance Minister Shunichi Suzuki, who hinted at the possibility of intervention by the financial regulator in case of further weakening of the yen. Adjusting the interest rate is unlikely, since the inflation rate in the country remains below the target levels; however, the market has already encountered a similar approach of the Bank of Japan last year. In turn, the American currency was supported yesterday by macroeconomic statistics from the USA. New Home Sales in May added 12.2% after rising by 3.5% in the previous month, while analysts expected an increase of 0.5%, and the Housing Price Index accelerated from 0.5% to 0.7% in April, while the markets expected the dynamics to slow down to 0.3%. In turn, Richmond Fed Manufacturing Index in June rose from -15.0 points to -7.0 points, which turned out to be better than forecasts at the level of -10.0 points