Technical Analysis:Your Daily Dose of Market Insights, June 12, 2023
- forex368
- Jun 12, 2023
- 1 min read
Bulletin:
- Asian shares start cautiously as investors await central bank meetings and U.S. inflation data.
- Reserve Bank of Australia and Bank of Canada rate hikes raise concerns of a more hawkish stance from the Federal Reserve.
- Citi suggests the Fed may need to tighten further to curb inflation.
- Investors more confident in ECB rate hike, while uncertain about Fed's decision.
- Bank of Japan expected to maintain loose monetary policy and forecast moderate economic recovery.
- Turkish lira hits all-time low.
- U.S. and Brent crude decline due to disappointing China economic data.
- Spot gold and gold futures experience slight drops.
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