LiteForex. Morning Market Review EUR/USD Yesterday, EUR fell against USD, returning to the levels of the opening of the trading session on April 10, under pressure from technical factors. In addition, the “bullish” impulse associated with the extension of the Brexit terms is noticeably reduced. The course was also negatively affected by poor Chinese consumer inflation data. In March, CPI fell by 0.4% MoM after rising by 1.0% MoM in February. Analysts had expected a decrease of only 0.2% MoM. Statistics from Germany did not have a noticeable effect on the EUR, as it fully met market expectations. Inflation rose by 0.4% MoM and 1.3% YoY in March, which also coincided with the data of the previous month. Today, during the Asian session, EUR is steadily growing. Traders are focused on EU February statistics on industrial production, as well as a block of March statistics on imports and exports from China. GBP/USD GBP against USD is consolidating near the level of 1.3000 under pressure of ambiguous macroeconomic publications and the risks of a political crisis in the UK. Yesterday, the EU and the UK managed to agree on a new long-term delay, which should help London achieve a final agreement in parliament. However, Teresa May quickly loses her supporters. In addition, the EU has given Britain a certain amount of freedom in the matter of the possible abolition of Brexit. May’s political opponents of May, who are in favor of holding a second referendum, may take advantage of it. AUD/USD Yesterday, AUD dropped significantly against USD, retreating from its highs since February 27, renewed the day before. The development of negative dynamics in the instrument was promoted by ambiguous macroeconomic statistics from Australia and China, as well as a number of positive data from the United States of America. Investors were optimistic about the American data block on producer price dynamics. Excluding food products and energy, PPI rose by 0.6% MoM and 2.2% YoY in March against expected growth of +0.3% MoM and +1.9% YoY. Additional support for USD was provided by Initial Jobless Claims. As of April 5, the figure dropped from 204K to 196K, contrary to forecasts of growth to 211K. USD/JPY Yesterday, USD rose significantly against the JPY, balancing the decline since the beginning of the week, with the support of US optimistic macroeconomic statistics on industrial inflation and jobless claims data. Also on the market, there is some growth in investor interest in risk, since at least one negative factor was eliminated. EU granted the UK with a new delay, which allowed the Kingdom to avoid secession from the EU under the “hard” scenario. Today, the investors are focused on Chinese import and export statistics, as well as the American University of Michigan consumer confidence index for April. It is predicted that the indicator can be corrected from 98.4 to 98.0 points, which will have a noticeable pressure on USD. Oil Yesterday, oil prices fell, retreating from record highs. The dynamic was caused by a technical correction at the end of the week; however, there are enough fundamental reasons for the decline. In particular, investors are concerned about a sharp increase in the volume of crude oil reserves in the United States, which, coupled with a record volume of oil production of 12.2 million barrels per day, creates significant risks for quotations. A more confident downward correction is currently hampered by an active OPEC+ policy and US sanctions against Venezuela and Iran. Today, investors will wait for Baker Hughes' report on active oil platforms.