Trade ideas for June 21-26

Trade ideas for June 21-26

The US central bank turned the market upside down. It signaled that higher inflation is a concern and that it’s considering tapering policy. 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!

Trade ideas


The outlook for the USD is now strong, so levels below 1.20 may be more appropriate for EUR/USD. Traders will continue monitoring comments from the ECB and the Fed that are expected on Monday and Tuesday, Wednesday, and Thursday respectively. Overall, it won’t be easy for EUR/USD to recover.


The British pound will be in the center of the market’s attention not only versus the US dollar, but also against the euro, the yen, and other currencies as everything will depend on the Bank of England’s policy statement that will be out on Thursday. If the UK central bank follows the path of the Federal Reserve and acknowledges economic recovery and inflation, the GBP will recover. Otherwise it will fall.


The yellow metal dropped below $1800, as the Fed’s talk about policy normalization makes gold less attractive to investors. XAU/USD will remain under pressure as long as the price is staying below $1855. Market players will likely keep selling gold on recoveries.


At the start of last week, Brent rose to the highest levels since 2018 above $73 a barrel. Then there was a correction down on the Fed’s press conference. Still, global economic recovery and rising demand are going to keep the price supported, so the idea is to keep looking for buy opportunities. 

Risk warning

The following information is not investment advice. Remember that trading is risky. Manage your funds carefully and remember that you can use Take Profit and Stop Loss orders to maximize your gains and limit your losses.


Inflation Risks Return To The Markets
Inflation Risks Return To The Markets

Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!

ECB Key Rate is in Focus
ECB Key Rate is in Focus

ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

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