June 12th, 2024 Forex Market Outlook
Forex Market Chilling: Big Currencies Taking a Breather The forex market is hitting the pause button today, June 12th, 2024. Things were pretty wild earlier in the week, but right now, the major currencies are just kinda hanging out, waiting to see what happens next. Dollar Taking a Power Nap: The US dollar (USD) was flexing its muscles earlier this week, but now it's taking a well-deserved nap. That doesn't mean the party's over though. Important economic reports from the US are coming out soon, and those could wake the dollar up again, depending on what they say. Think jobs numbers and inflation stuff – that kind of thing. Euro Feeling the Jitters: Things are a little shaky in Europe (EUR) right now. There's a big election in France coming up, and nobody's quite sure who's gonna win. If someone unexpected pulls off a victory, the Euro could take a tumble. Risk Off = Risky Currencies Down: Currencies like the Aussie dollar (AUD) and the Japane...