Forex Today: No changes expected at the BoJ meeting

Source Fxstreet

The US Dollar resumed its downtrend at the beginning of the week, revisiting the area of more than three-year lows vs. its rivals as investors continued to gauge the Middle East conflict along with upcoming central banks’ interest rate decisions.

Here's what to watch on Tuesday, June 17:

Price action around the US Dollar Index (DXY) remained subdued on Monday, with the index slipping back below the 98.00 support despite another positive day in US yields across the curve. Retail Sales will take centre stage, followed by Import/Export Prices, Industrial and Manufacturing Production, Business Inventories, the NAHB Housing Market Index, and the API’s weekly report on US crude oil supplies.

EUR/USD kept the recent rally in place, retesting once again the key resistance area in the 1.1600 neighbourhood. The ZEW institute will release its report on Economic Sentiment in Germany and the euro area.

GBP/USD left behind Friday’s downtick and challenged once again its key resistance zone around the 1.3600 mark. The next key data release on the UK docket will be the Inflation Rate on June 18.

In quite a volatile start to the week, USD/JPY met initial resistance near 144.80, giving away those gains afterwards and deflating to the 143.70 zone amid humble losses. The BoJ is largely expected to keep its policy rate unchanged at its gathering.

AUD/USD rose markedly and traded at shouting distance from its recent peaks north of the key 0.6500 the figure. The Westpac Leading Index will be next on tap in the Australian calendar on June 18.

Prices of WTI sold off and pierced the $68.00 mark per barrel as traders kept following the Israel-Iran crisis, which has so far averted any impact on the crude oil facilities.

Prices of Gold reversed part of their recent three-day advance, retreating below the $3,400 mark per troy ounce as market participants remained cautious on the Middle East conflict and the Fed’s interest rate decision. Silver prices traded in a vacillating fashion just above the $36.00 mark per ounce, following Friday’s small pullback.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Moving With Stocks, But Ethereum’s Correlation Is FadingBitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
Author  NewsBTC
Jul 10, Thu
Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of
placeholder
Gold Price Forecast: XAU/USD climbs above $3,350 as Trump rekindles trade tensionsThe Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
Author  FXStreet
Jul 14, Mon
The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
Author  Mitrade
Oct 14, Tue
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
goTop
quote