The US dollar resumed its downward trend at the beginning of the week, reviewing the minimum area of more than three years against their rivals, while investors continued to evaluate the conflict in the Middle East along with the upcoming decisions of interest rates of the central banks.
This is what you have to observe on Tuesday, June 17:
The price action around the US dollar index (DXY) remained moderate on Monday, with the index falling below the 98.00 support despite another positive day in the US yields throughout the curve. Retail sales will focus attention, followed by import/export prices, industrial and manufacturing production, business inventories, NAHB housing market index and API weekly report on US crude oil supplies.
The EUR/USD maintained the recent recovery, once again trying the key resistance area in the neighborhood of 1,1600. The ZEW Institute will publish its report on economic feeling in Germany and the euro zone.
The GBP/USD left the fall on Friday and once again challenged its key resistance zone around the 1,3600 brand. The next post key publication on the United Kingdom agenda will be the inflation rate on June 18.
In the beginning of the week quite volatile, the USD/JPY found initial resistance about 144.80, subsequently giving those profits and deflation to the 143.70 zone in the midst of modest losses. The BOJ is expected to maintain its policy rate without changes in your meeting.
The Aud/USD rose significantly and was negotiated at a nearby distance from its recent peaks above the key of 0.6500. Westpac’s advanced index will be next to the Australian agenda on June 18.
WTI prices were sold and pierced the $ 68,00 mark while traders followed the crisis between Israel and Iran, which has so far avoided any impact on crude oil facilities.
Gold prices reversed their recent three -day progress, retreating below the 3,400 $ brand Troy while the market participants remained cautious about the conflict in the Middle East and the decision of interest rates of the Fed. The silver prices were negotiated in a hesitant way just above the brand of 36.00 $ per ounce, after the small recoil on Friday.
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.
