**EUR/USD Strong Sell**
EUR/USD is attempting a breakdown at 1.0730. Market participants are awaiting new drivers for movement. Today at 11:00 (GMT+2), the Eurozone’s June inflation statistics will be released, with the core Consumer Price Index (CPI) expected to adjust from 2.9% to 2.8% and the broad CPI from 2.6% to 2.5%. German inflation data has underperformed, supporting the Euro. On Friday, attention will be on the US labor market report, with non-farm payrolls expected to decrease from 272.0 thousand to 195.0 thousand.
**GBP/USD Sell**
GBP/USD is trading in a downward trend, correcting from the previous day’s rise. Monday’s UK statistics showed the June S&P Global/CIPS Manufacturing PMI decreasing from 51.4 points to 50.9 points, and net consumer credit dropping from 310 million pounds to 270 million pounds. The US Manufacturing PMI declined from 51.7 points to 51.6 points, and the ISM PMI fell from 48.7 points to 48.5 points. Today’s UK retail price index statistics may indicate further inflation risk reduction.
**NZD/USD Strong Sell**
NZD/USD has broken down to 0.6050, hitting a new low since May 15. The New Zealand Institute of Economic Research (NZIER) business confidence index dropped to -44.0% in the second quarter, and building permits also declined. China’s Manufacturing PMI slightly increased from 51.7 points to 51.8 points, while the US Manufacturing PMI fell to 51.6 points, and the ISM PMI dropped to 48.5 points.
**USD/JPY Strong Buy**
USD/JPY continues to rise steadily around 161.65. Yesterday’s Japanese business activity statistics showed the Tankan Services PMI falling from 34.0 points to 33.0 points, and the Manufacturing PMI decreased from 50.1 points to 50.0 points. The US Manufacturing PMI fell to 51.6 points but remained above the psychological level of 50.0 points. Attention is on Friday’s US labor market report, with non-farm payrolls expected to decrease to 195.0 thousand.
**XAU/USD Strong Sell**
Gold/USD is trading sideways around 2330.00. The Personal Consumption Expenditures Price Index (PCE) met expectations, predicting further inflation risk reduction. The market is focused on Friday’s US labor market report, with non-farm payrolls expected to decrease to 195.0 thousand. Tomorrow, the minutes from the June Federal Open Market Committee (FOMC) meeting will be released, expected to reveal prospects for rate cuts.
