**EUR/USD – Strong Buy**
The EUR/USD pair is showing stable movement around 1.0735. Trading activity is low due to the Juneteenth holiday in the U.S. Recent Eurozone macroeconomic data provided little support. Germany’s economic sentiment index was adjusted to 47.5 points, while the current conditions index fell to -73.8 points. Eurozone CPI increased by 0.2% monthly and 2.6% annually, with core CPI up by 0.4% and 2.9%, respectively. Investors are focused on Eurozone construction output and the Bundesbank’s monthly report today. U.S. industrial production data exceeded expectations, slightly strengthening the dollar.
**GBP/USD – Buy**
The GBP/USD pair is fluctuating around 1.2700. Investors are focused on UK inflation data that may influence tomorrow’s Bank of England decision. Annual CPI slowed to 2.0%, and core CPI to 3.5%, both as expected. Retail sales and business activity data will be released on Friday.
**NZD/USD – Strong Sell**
The NZD/USD pair shows a corrective decline after yesterday’s rise, testing 0.6130. New Zealand’s Q1 GDP ratio fell to -6.8%, and the current account deficit shrank to -$4.359 billion. Market focus shifts to New Zealand’s Q1 GDP data to be released on Thursday. U.S. housing market and jobless claims stats are also expected.
**USD/JPY – Buy**
The USD/JPY pair is trading around 157.85. Market activity is low, awaiting new drivers. Investors are evaluating last week’s Fed meeting results. The Fed held rates at 5.50%, predicting a decrease to 5.10% in 2024. Japan’s export and import data missed expectations.
**Gold/USD (XAU/USD) – Strong Sell**
The Gold/USD pair is trading around 2330.00. Market activity is low due to the Juneteenth holiday. Investors are assessing the Fed’s rate decision and forecasts. Fed Chair Powell indicated inflation remains “sticky” with acceleration risks. U.S. business activity data will be released on Friday.
