Greenback remained on the rear foot, giving up the initial profits and focusing on defects, when market participants assessed the suspension of weapons in the Middle East, as well as a cautious message from chairman Powell.
Here’s what to watch on Thursday, June 26:
The American dollar index (DXY) has agreed with its third daily withdrawal in a row, returning to the lowest long -term area near 97.70 among mixed US Revers performance throughout the entire board and further improvement of moods around the risk elaborate. The final GDP growth rate is due, delegated from orders of fixed goods, chicago PMI, expecting home sales, wholesale stocks and ordinary weekly initial unemployed claims. In addition, Barkin, Hammack and Barr Fed are caused by a speech.
EUR/USD has increased to fresh YTD maximas above 1.1650 at the back of the desert to the American dollar. Absent release of data in the national calendar, investors’ attention will be about de Guindos, Schnabel and Lagarde EBC.
GBP/USD has expanded its progress to recent peaks 2025 north of 1.3655 in response to additional losses in a green place. The CBI Distributive Trades are due along with the speeches of Baeley and Breeden.
After two consecutive days, USD/JPY regained some momentum and approached the obstacle in 146.00. The weekly data on investment in foreign bonds will be the only issue of the Japanese calendar.
Aud/USD moves further and regained the 0.6500 barrier after additional inheritance pressure to the American dollar. Then, the tap in OZ will have housing prints and data on the private sector on June 30.
WTI prices did not regain a certain balance and slightly retreated on Wednesday, maintaining trade near USD 65.00 per barrel, which is over 12 USD from monthly peaks.
Gold managed to set modest profits around USD 3330 per ounce of Troy after a decent Greebnback decrease, alleviated geopolitical fears and a cautious Fed tone. In the same Tockena, silver prices left behind Tuesday durmok and a significant range of $ 36.00 per ounce significantly increased.
