USD/JPY (US Dollar/Japanese Yen) - Buy Key Currency Analysis and Technical Insights (15-minute Chart) for June 13, 2024
GBP/USD (British Pound/US Dollar) - Strong Sell The GBP/USD pair is showing significant decline, correcting the previous day's upward momentum. The pair temporarily rose due to the FRB's meeting results and inflation data, but the possibility of future rate cuts was suggested. Meanwhile, UK economic indicators were weak, with GDP growth stagnating at 0.0% and industrial production decreasing.
AUD/USD (Australian Dollar/US Dollar) - Strong Sell The AUD/USD pair is showing significant decline, correcting the previous day's sharp rise. Despite strong Australian labor market data, the potential for further monetary easing by the RBA is increasing. The FRB kept interest rates steady and hinted at possible rate cuts through 2024.
USD/JPY (US Dollar/Japanese Yen) - Buy The USD/JPY pair shows moderate growth, maintaining a short-term uptrend. The pair temporarily fell due to the FRB's meeting results and inflation data but is currently recovering. No policy changes are expected from the Bank of Japan, with interest rates likely to remain at 0.10%.
XAU/USD (Gold/US Dollar) - Strong Buy The XAU/USD pair is showing significant decline, forming strong corrective impulses. Gold prices fell due to the FRB's meeting results and inflation data, currently testing 2310.00. The FRB kept interest rates at 5.50% and hinted at the possibility of rate cuts through the end of 2024.
