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Key Points
- At the June FOMC meeting, the Federal Reserve revised its 2024 U.S. economic growth forecast down from 1.7% to 1.4%. It held the benchmark interest rate steady at 4.25–4.50%. The dot plot shows a divergence in opinions among Fed officials, but the median projection suggests two rate cuts within the year.
- Fed Chair Jerome Powell reaffirmed the stance that the current interest rate level will be maintained while observing the impact of tariffs more clearly.
- U.S. President Donald Trump, speaking to reporters at the White House, said it’s “not too late” if Iran wants to return to negotiations. Regarding potential military action against Iran, he stated, “We may or may not do it,” keeping the option open.
Key Economic Event This Week
+ June 19: Bank of England (BOE) interest rate decision
GBPUSD Chart Analysis
The pair has pulled back after facing resistance from the trendline. It has now reached the 1.34000 support level—a zone where a major trend reversal occurred previously—so a bullish reversal could be expected here. However, if this support breaks, the decline could extend toward the 1.32500 level. We recommend closely monitoring the movement around this area.
Please feel free to share your personal opinions in the comments. We would appreciate your support through likes and subscriptions.
Key Points
- At the June FOMC meeting, the Federal Reserve revised its 2024 U.S. economic growth forecast down from 1.7% to 1.4%. It held the benchmark interest rate steady at 4.25–4.50%. The dot plot shows a divergence in opinions among Fed officials, but the median projection suggests two rate cuts within the year.
- Fed Chair Jerome Powell reaffirmed the stance that the current interest rate level will be maintained while observing the impact of tariffs more clearly.
- U.S. President Donald Trump, speaking to reporters at the White House, said it’s “not too late” if Iran wants to return to negotiations. Regarding potential military action against Iran, he stated, “We may or may not do it,” keeping the option open.
Key Economic Event This Week
+ June 19: Bank of England (BOE) interest rate decision
GBPUSD Chart Analysis
The pair has pulled back after facing resistance from the trendline. It has now reached the 1.34000 support level—a zone where a major trend reversal occurred previously—so a bullish reversal could be expected here. However, if this support breaks, the decline could extend toward the 1.32500 level. We recommend closely monitoring the movement around this area.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.