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Trade ideas for June 21-26
Trade ideas for June 21-26

Last week the USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week!

US dollar rallies up after Fed
US dollar rallies up after Fed

The US dollar has surged to levels unseen since April after the Fed's decision back on Wednesday. Gold has reversed up from the local dips. Still, this week was the worst for gold in more than a year.

USD surged after Fed’s hawkish surprise
USD surged after Fed’s hawkish surprise

The Fed made a hawkish surprise! The bank would start a discussion about scaling back bond purchases. Besides, it is likely to make two interest-rate increases by the end of 2023 (sooner than expected)!

The Fed’s meeting will drive the USD
The Fed’s meeting will drive the USD

The Federal Reserve will release its statement and announce its interest rate decision at 21:00 MT time. Then, at 21:30 MT time, the central bank will hold a press conference.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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