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19 June Economic News

The US dollar’s prospects for the upcoming week appear bleak, as an increase in bearish bets follows the Federal Reserve’s hawkish pause. The DXY index has fallen below a crucial support level, indicating a potential disparity between market expectations and central bank objectives. The EUR/USD currency pair is expected to rise due to a breakout suggesting a bullish trend. Analysts doubt that the Federal Reserve will resume tightening, and instead predict that the European Central Bank will need to control inflation, leading to potential short-term exchange rate increases. The British Pound is anticipated to continue appreciating due to forthcoming economic events such as the UK CPI and BOE Rate Call, with Pound value already at its highest point in 14 months compared to the US Dollar. The Australian dollar has appreciated due to both domestic events and US dollar devaluation; however, it is uncertain whether this trend will continue. While concerns about inflation and higher interest rates from Federal Reserve members may cause positive momentum slowdowns for the S&P 500 and Nasdaq, low volatility is expected due to minimal economic data releases. Market uncertainty surrounds gold prices as bears struggle to push prices below a certain level despite actions from the Federal Reserve; thus, a retest of $2000/oz remains possible. Several key Euro crosses are experiencing

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