15 June Economic News
The USD/JPY and GBP/JPY pairs are undergoing changes in trading velocity, while the AUD/JPY pair is showing bullish momentum. The US dollar declined despite the hawkish monetary policy outlook of the Federal Reserve, and the New Zealand dollar fell following lackluster GDP data. The recent FOMC meeting indicates an expectation of high interest rates for an extended period, impacting the values of gold, copper, and the US dollar. The Australian Dollar demonstrated stability following positive employment statistics, but its future is uncertain due to various factors. Bitcoin and Ethereum have both fallen below crucial support levels following the Federal Reserve’s indication of an increase in interest rates. It remains unclear what their projected future is and what critical thresholds to monitor.
