Forex news for North American trading on June 18, 2021:
Markets:
– Gold down $9 to $1764
– US 10-year yields down 6.4 bps to 1.436%
– S&P 500 down 55 points to 4166
Bullard set the tone with some hawkish comments just as New York trade was ramping up. The led to a fresh bid in the US dollar

Dow down for the fifth consecutive day
A snapshot of the closes shows

For the trading week, the major indices were lower led by the Dow which felt -3.45%

Fed speak will be one of the highlights
The Fed dominated the past week and it will likely be more of the same in the days ahead with a heavy slate of speakers scheduled to offer their thoughts on the stance of monetary policy.

The price remains below the 200 day moving average above and above a key retracement level below
Looking at the daily chart, the price cracked below its 200 day moving average toward midmonth of May and has stay below that moving average throughout the month of June. 

Up $0.60 or 0.84%
The high for the week was on Wednesday at $72.96. The low for the week was yesterday at $69.76.
Technically, in trading yesterday the price fell below its 100 hour moving average with momentum as stocks were triggered. The next two hours so the price move from around $71.60 to the low for the

Forex news from the European trading session – 18 June 2021
Headlines:
Markets:
– JPY leads, AUD and NZD lag on the day
– European equities lower; S&P 500 futures down 0.2%

US futures down to the lows for the day
European indices are also marked lower with the DAX down 0.9% while UK’s FTSE is down 1.1% as equities are struggling to stay afloat on the day.

ECB says that exceptional circumstances justify the need to extend the leverage ratio relief for banks in the region
This was already rumored earlier in the week , so it isn’t too much of a surprise decision by the ECB. The full release can be found .

The dollar is keeping steadier but off the highs from earlier today
Most major currencies are going back to keeping little changed after some earlier moves which saw the likes of the and drop against the greenback.

This allows for leisure trips to the continent
The EU also adds HK, Lebanon, Albania, Macau, Macedonia, Serbia, and Taiwan to the ‚white list‘, from which non-essential travel is allowed to the bloc.