Top Forex Brokers – Forex Weekly news and analysis For June 23 – 29, 2025
Economic calendar highlights
Tuesday, June 24
Jerome Powell speaks to Congress about the US economy, touching on inflation, jobs, and what the Fed might do next with interest rates. His words can sway the dollar, gold, stocks, and indices, since rate expectations shape risk appetite and currency strength.
Thursday, June 26
Final US GDP and Durable Goods data give key insights into the economy’s health and can move major currency pairs. Strong numbers often boost the dollar by signaling steady growth and lower chances of Fed rate cuts, which tends to push EURUSD and GBPUSD down, and USDJPY up. Weak data may raise hopes of easing, weigh on the dollar, and lift EURUSD and GBPUSD while dragging USDJPY lower as investors turn to safer assets like the yen.
XAUUSD (daily)
XAUUSD breaks below the trendline and retests it. The price faces the 20-MA at the 3350 support zone.
• Consider selling XAUUSD only if it falls below 3350, with the target at 3290.
USDJPY (daily)
USDJPY breaks above the head-and-shoulders pattern, facing the 148.00 resistance. The MACD crosses the 0-line upwards, suggesting a bullish momentum.
• Consider buying USDJPY on a break above 148.00 with the target at 151.00.
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*Tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only.
