
EUR/USD: "bears" gained support on weak statistics from GermanyIn the morning trading, the euro is trying to recover from the active decline of the previous day, approaching the level of 1.0965, waiting for new stimuli for further growth.The main factor of the "bearish" trend was the weak economic statistics from Germany. In June, the industrial production index decreased by 1.5%, which is more than the previous value of -0.1% and tends to March results of -3.4%. In parallel, the consumer price index was unchanged at 0.3% for the month and on an annualized basis fell from 6.4% to 6.2%. The harmonized index, in turn, rose from 0.4% to 0.5% on a monthly basis, and on an annualized basis experienced a correction, falling from 6.8% to 6.5%. This data is pushing the possibility of an interest rate increment by the European Central Bank (ECB) at its upcoming September meeting.Support levels: 1.0900, 1.0760.Resistance levels: 1.1030, 1.1200.GBP/USD: ahead of important data from the US and UKIn the morning trading on August 9, the pound is showing mixed movement at 1.2750.After the previous day's sharp decline, caused by the BRC retail sales statistics, which showed a gain of only 1.8% instead of the expected 3.0% and June data of 4.2%, the currency is looking to regain lost ground. Preliminary forecasts point to further deterioration, as consumption levels are falling as wage growth fails to keep pace with rapidly rising inflation. But for now traders refrain from active actions, waiting for key economic data from the US and UK, the publications of which are announced at the end of the week.On Thursday, the market will learn the data on US consumer inflation for July, which will allow to clarify the forecasts on the monetary policy of monetary authorities. Note that analysts are now predicting inflation to rise between 3.0% and 3.3% per annum, exceeding the Fed's target of 2.0%.Resistance levels: 1.2800, 1.2850, 1.2900, 1.2963.Support levels: 1.2747, 1.2690, 1.2600, 1.2500.USD/JPY: the pair's dynamics changed, ending a two-day riseThe US dollar is developing a correction at 143.12 after posting two-day gains earlier in the week, with USD/JPY hitting new highs since August 3. Trading activity declined as traders await US consumer and manufacturing inflation data.Meanwhile, fresh economic statistics from Japan, published the day before, did not add confidence to the yen. Thus, Japanese household spending in June fell by 4.2% year-on-year, continuing the trend of the previous month with a decline of 4.0%. It also became known that the growth of bank loans slowed to 2.9% per annum, which was below market expectations of 3.1%. At the same time, Japan's current account balance in June showed a fifth month of growth, reaching a surplus of 1.509 trillion yen, which exceeded forecasts of 1.395 trillion yen. Note also the 1.0 trillion yen improvement from a year earlier. Official representatives of the Ministry of Finance of Japan emphasized the positive dynamics of the trade balance, which reached 328.0 trillion yen. The published statistics confirmed the impact of high energy prices and weak yen on one of the world's largest economies, which relies heavily on imports of energy and raw materials.Resistance levels: 143.48, 144.00, 145.00, 146.00.Support levels: 142.54, 142.00, 141.50, 140.50.Crude Oil market analysisDuring Asian trading, Brent crude oil is holding steady around 85.70, correcting after a sharp drop a day earlier.The main reasons for the recent drop in prices were investors' concerns over weak Chinese foreign trade data and information from the American Petroleum Institute (API) regarding changes in commercial inventories. Specifically, exports fell by 14.5% against the forecasted -12.5%, while imports fell by -12.4%, although analysts expected a 5.0% drop. Such a sharp decline in statistical indicators raises concerns among market participants about the slowdown in China's economic recovery after the COVID-19 pandemic. Taking into account that China is a key consumer of oil and oil products, such changes may negatively affect the overall demand.Resistance levels: 86.00, 87.33, 89.20, 91.00.Support levels: 85.15, 83.89, 82.27, ...