The dollar remained defensive, yielding initial profits and again focusing on the decline while market participants continued to evaluate the high fire in the Middle East, as well as the cautious message of President Powell.
This is what you have to observe on Thursday, June 26:
The US dollar index (DXY) recorded its third consecutive daily setback, returning to the minimum area of ​​several years about 97.70 amid a mixed performance of US yields and an additional improvement in feeling around the risk complex. The GDP growth rate of the first quarter is expected, followed by the requests for durable goods, the PMI of Chicago, the sales of pending homes, the wholesale inventories and the usual weekly applications of initial unemployment. In addition, Barkin, Hammack and Baro de la Fed are expected to speak.
The EUR/USD rose to new annual maximums above 1,1650 thanks to the change of direction of the US dollar. In the absence of data publications in the national calendar, the attention of investors will be in Guindos, Schnabel and Lagarde del ECB.
The GBP/USD extended its progress to new 2025 peaks above 1,3655 in response to additional dollar losses. The CBI distributive trade report is expected along with the Bailey and Breeden speeches of the BOE.
After two consecutive days of losses, the USD/JPY recovered some bullish impulse and approached the 146.00 barrier. The weekly foreign investment figures in bonds will be the only publication in the Japanese calendar.
The AUD/USD advanced even more and claimed the 0.6500 barrier after the additional pressure on the US dollar. The next thing on the Australian agenda will be the mortgage and credit credit figures of the private sector on June 30.
WTI prices failed to recover some balance and retreated slightly on Wednesday, maintaining trade near the $ 65.00 brand per barrel, lowering more than $ 12 from the monthly peaks.
The gold managed to register humble profits around $ 3,330 per ounce Troy after the remarkable fall of the dollar, relieving the geopolitical concerns and the cautious tone of the Fed. For the same reason, the prices of the silver left behind the fall of Tuesday and climbed significantly beyond the mark of 36.00 $ per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
