The market is focused on the policy decisions of the Bank of England, technical analysis of EUR/USD, GBP/USD, and USD.

The United Kingdom's monetary policy summary and official bank interest rates will be announced at 19:00 Beijing time. The trading price of the USD index is currently 105.460, up 0.21%. The pivot point of 105.216 is crucial for determining the next price trend. The immediate resistance level is at 105.449, followed by 105.608 and 105.816.

FX678 Finance37minutes ago

US Dollar Consolidates Gains After Fed Speakers Ask for Further Disinflation

On Wednesday, the US Dollar as measured by the DXY Index (DXY) remained relatively unchanged around the 105.20 mark as investors parsed words from key Federal Reserve (Fed) officials on a quiet Wednesday.

FXStreet12:13 ET

Dollar Index to Trade in Range – OCBC

USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.

FXStreetJun 19 11:51 ET

Vanguard Says US Tech 'Euphoria' Can Break One or Two Ways

Joe Davis, chief economist and global head of investment strategy at Vanguard, says the valuation gap between tech and other stocks will narrow in the coming years. "I think we can see some modest deceleration in the tech sector, at some point it has to come," Davis says on Bloomberg Television. "But if the economy holds up, I think other parts of the market could catch up and I think that would be good news."

BloombergJun 19 06:23 ET

Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.

Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh

Zhitong FinanceJun 18 19:50 ET

Expected to increase by 27%: the Congressional Budget Office estimates that the US government's budget deficit will be nearly $2 trillion this year.

The Congressional Budget Office (CBO) estimates that within the decade leading up to 2034, the annual deficit will be equal to or exceed 5.5% of GDP, the first time it has remained at a high ratio for over five years since 1930. The CBO expects the Federal Reserve's interest rate cut to be postponed from mid-year to the first quarter of next year.

wallstreetcnJun 18 18:54 ET