BoE to taper
The BoC took a hawkish shift, the Fed has done too, Westpac see reasons for RBA optimism (I do too), and the UK has nearly vaccinated 50% of the population. Taper time?

Holding the trend
That and the general weakening of the early JPY strength alongside US 10 years off lows for the day.  

Justin had the headlines on this on Friday: 
We expect the RBA will begin it’s tightening cycle in Q1 of 2023
You’ll recall that the Reserve Bank of Australia have been repeating (over and over) that they expect the conditions for a first rate hike will not be met until 2024 at the earliest. 

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.