A Week in the Market: Emotions and Rates (26.06–30.06)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/26.06.23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Emotions and Rates (26.06–30.06)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p>Although market sentiments are unlikely to change this week, investors will definitely not get bored.</p>

<h2>GBP: the ball is in the court of the Bank of England</h2>

<figure><img decoding="async" loading="lazy" width="763" height="500" src="https://blog.roboforex.com/wp-content/uploads/2019/02/GBP1_4049336208-763×500.jpg" alt="GBP: очікування позитиву" class="wp-image-13" srcset="https://blog.roboforex.com/wp-content/uploads/2019/02/GBP1_4049336208-763×500.jpg 763w, https://blog.roboforex.com/wp-content/uploads/2019/02/GBP1_4049336208-305×200.jpg 305w, https://blog.roboforex.com/wp-content/uploads/2019/02/GBP1_4049336208-768×503.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2019/02/GBP1_4049336208.jpg 1250w" sizes="(max-width: 763px) 100vw, 763px" /></figure><p>The key event for the <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a> this week is the meeting of the Bank of England which gives clear hawkish <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a>. The <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> is likely to be raised. Signals about further actions of the Central Bank are also important to the market. Given this, the pound is rising and may continue the rally.</p>

<h2>JPY: in a devaluation trend</h2>

<figure><img decoding="async" loading="lazy" width="800" height="500" src="https://blog.roboforex.com/wp-content/uploads/2019/02/jpyusd1-800×500.jpg" alt="" class="wp-image-15" srcset="https://blog.roboforex.com/wp-content/uploads/2019/02/jpyusd1-800×500.jpg 800w, https://blog.roboforex.com/wp-content/uploads/2019/02/jpyusd1-320×200.jpg 320w, https://blog.roboforex.com/wp-content/uploads/2019/02/jpyusd1-768×480.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2019/02/jpyusd1.jpg 1024w" sizes="(max-width: 800px) 100vw, 800px" /></figure><p>Japan is to release data on the core <a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a>, which will demonstrate the main price trends. In addition, the minutes of the previous BoJ meeting will be presented. Although they are unlikely to indicate an upcoming shift in monetary policy, the publication is worth looking at. Devaluation remains the main scenario for the <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>.</p>

<h2>EUR: supported by the ECB</h2>

<figure><img decoding="async" loading="lazy" width="750" height="500" src="https://blog.roboforex.com/wp-content/uploads/2019/02/eurusd3-750×500.jpg" alt="" class="wp-image-19" srcset="https://blog.roboforex.com/wp-content/uploads/2019/02/eurusd3-750×500.jpg 750w, https://blog.roboforex.com/wp-content/uploads/2019/02/eurusd3-300×200.jpg 300w, https://blog.roboforex.com/wp-content/uploads/2019/02/eurusd3-768×512.jpg 768w, https://blog.roboforex.com/wp-content/uploads/2019/02/eurusd3.jpg 1600w" sizes="(max-width: 750px) 100vw, 750px" /></figure><p>A tough stance of the European Central Bank on future interest rate decisions provides support for the <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> rate, and this factor remains relevant. Furthermore, it is worth paying attention to the Eurozone statistics on the balance of payments for April.</p>

<h2>USD: under pressure</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg" alt="USD: labour market data" class="wp-image-6435" srcset="https://blog.roboforex.com/wp-content/uploads/2020/12/usd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/12/usd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Recall that Monday is a public holiday in the US. Data on existing home sales and the index of leading <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a> are to be published this week. Fed&rsquo;s comments on future interest rate steps might be of interest. The USD is under pressure.</p>

<h2>AUD: has strength</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-1200×627.jpg" alt="" class="wp-image-2682" srcset="https://blog.roboforex.com/wp-content/uploads/2020/01/audusd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/01/audusd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Reserve Bank of Australia is to release the minutes of its last meeting; the investors will survey these data looking for indications of the regulator&rsquo;s future decisions. The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a> appears strong so far.</p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/06/26/a-week-in-the-market-emotions-and-rates-26-06-30-06/">A Week in the Market: Emotions and Rates (26.06–30.06)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>