Dow futures are trading sharply lower today and traders are highly likely to focus on the Federal Reserve’s monetary policy stance. This week is particularly big for the Forex market as we will get to hear from the Federal Reserve’s Chairman, Jerome Powell and the ECB president Christine Lagarde In addition t0 this, later this week, we will also have the interest rate decision from the Bank of England which is going to have an influence on Sterling.

BOJ

The Bank of Japan has maintained its monetary policy and extended the time frame for its relief programme designed to address the effects of the pandemic. The Japanese central bank stated that it will continue to monitor the effects of the coronavirus pandemic and is prepared to implement additional relief measures when necessary.

Dow Jones

Many blue-chip stocks in the Dow index rose by nearly 1%. Nike, Caterpillar, and Home Depot were among the best performers, while McDonald's, Johnson & Johnson, and 3M were among the laggards.

Asian stock markets 

The Nikkei 225 fell nearly 4% in Monday trade, leading to regional losses. The Fed's meeting had an impact on Asian markets as well. The Shanghai Composite Index dipped by nearly 0.22%. Hong Kong's Hang Seng index dropped 1.35% while the Seoul Kospi declined 1.08% as at 12.51 AM EST.

Coronavirus update 

The United States has been successful in controlling the outbreak of cases due to an effective vaccination programme. According to the CDC, as of Monday, approximately 45.1% of Americans had been fully vaccinated, with 53.3% having received at least one dose. Since January, the number of new cases reported per day has decreased drastically, with 4,422 new cases and 86 new deaths reported on June 20. 

The information is purely for education purposes only and cannot be perceived as an advise.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD hits two-week tops near 1.0500 on poor US Retail Sales

EUR/USD hits two-week tops near 1.0500 on poor US Retail Sales

The selling pressure continues to hurt the US Dollar and now encourages EUR/USD to advance to new two-week peaks in levels just shy of the 1.0500 barrier in the wake of disappointing results from US Retail Sales.

EUR/USD News
GBP/USD surpasses 1.2600 on weaker US Dollar

GBP/USD surpasses 1.2600 on weaker US Dollar

GBP/USD extends its march north and reclaims the 1.2600 hurdle for the first time since December on the back of the increasing downward bias in the Greenback, particularly exacerbated following disheartening US results.

GBP/USD News
Gold maintains the bid tone near $2,940

Gold maintains the bid tone near $2,940

The continuation of the offered stance in the Greenback coupled with declining US yields across the board underpin the extra rebound in Gold prices, which trade at shouting distance from their record highs.

Gold News
Weekly wrap: XRP, Solana and Dogecoin lead altcoin gains on Friday

Weekly wrap: XRP, Solana and Dogecoin lead altcoin gains on Friday

XRP, Solana (SOL) and Dogecoin (DOGE) gained 5.91%, 2.88% and 3.36% respectively on Friday. While Bitcoin (BTC) hovers around the $97,000 level, the three altcoins pave the way for recovery and rally in altcoins ranking within the top 50 cryptocurrencies by market capitalization on CoinGecko. 

Read more
Tariffs likely to impart a modest stagflationary hit to the economy this year

Tariffs likely to impart a modest stagflationary hit to the economy this year

The economic policies of the Trump administration are starting to take shape. President Trump has already announced the imposition of tariffs on some of America's trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025