Trade ideas for June 14-18
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?
After election effects on the BOE
The Bank of England will conduct a meeting and release a monetary policy summary at 14:00 MT time on December 19.
The monetary policy summary is published every month, which helps to keep investors updated with the current economic situation. The summary contains the votes on the interest rate, forecasts, and other policy measures. During the previous meeting, the votes for the rate changes split unexpectedly, as two out of nine members of the bank's monetary policy committee supported a cut of the interest rate. Let's see if the result of the UK general election affects the BOE decision this time.
IF the BOE is optimistic, the GBP will rise;
If the BOE is pessimistic, the GBP will fall.
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The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
The GBP may be supported
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
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