The FX universe traded in a flattish mood on Tuesday, while investors remained mainly focused on the timing of Fed rate cuts. Next of note will be the release of UK inflation data ahead of the BoE gathering, while flash PMIs will close the week.
Here is what you need to know on Wednesday, June 19:
The USD Index (DXY) alternated gains with losses around 105.30 amidst declining yields across the curve. The NAHB Housing Market Index will be only due on June 19.
EUR/USD could not sustain an early uptick to 1.0760, receding to the 1.0730 region as the US session drew to a close. On June 19, EMU’s Current Account and Construction Output will be published.
GBP/USD traded in a vacillating fashion and ended barely changing just above the 1.2700 barrier. The release of the UK Inflation Rate takes centre stage on June 19.
USD/JPY kept the constructive view unchanged, although a close above 158.00 remained elusive. The Reuters Tankan Index, Balance of Trade results and the BoJ Minutes are all due on June 19.
AUD/USD regained composure and partially faded three consecutive sessions of losses. The Australian calendar is empty on June 19.
WTI prices added to the ongoing uptrend and advanced to seven-week highs near the $81.00 mark per barrel.
Gold prices maintained their consolidative range intact around the $2,330 region per troy ounce on the back of weak yields and the lack of direction in the Dollar. Silver charted humble gains, although it remained below the key $30.00 mark per ounce.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD climbs above 0.6200 amid broad USD weakness and trade jitters
The Australian Dollar extended its advance on Thursday, climbing toward the 0.6240 zone. The pair built on recent strength as the US Dollar Index slid further toward multi-month lows near the 101 area. This move came after markets digested the White House’s confirmation of a steep 145% tariff on Chinese goods, combined with a cautious Federal Reserve tone.
EUR/USD: There is a minor resistance at 1.1300
EUR/USD gathered renewed steam and advanced north of 1.1200 the figure to clinch new highs, always on the back of intense tariff woes and the marked sell-off in the Greenback.
Gold rises to record high near $3,200 on US-China tariff war
Gold price surges to near an all-time high around $3,190 during the early Asian session on Friday. The weakening of the US Dollar and escalating trade war between the United States and China provide some support to the precious metal, a traditional safe haven asset.
Bitcoin miners scurry to import mining equipment following Trump's China tariffs
Bitcoin miners are reportedly scrambling to import mining equipment into the United States following rising tariff tensions in the US-China trade war, according to a Blockspace report on Wednesday.
Trump’s tariff pause sparks rally – What comes next?
Markets staged a dramatic reversal Wednesday, led by a 12% surge in the Nasdaq and strong gains across major indices, following President Trump’s unexpected decision to pause tariff escalation for non-retaliating trade partners.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.