IMPORTANT ECONOMIC EVENTS OF THE WEEK

This week, the market is closely monitoring three key factors:

TUESDAY, 24/6

- Fed Chair Jerome Powell testifies before the House Financial Services Committee

🗓️ THURSDAY, 26/6

- Initial jobless claims

Expected: 248,000

Previous: 245,000

- Q1 GDP (second revised estimate)

🗓️ FRIDAY, 27/6

- PCE inflation (year-over-year)

Expected: 2.3%

Previous: 2.1%

- CORE PCE inflation (excluding food & energy)

Expected: 2.6%

Previous: 2.5%

Other important news:

1. The situation between the US – Israel – Iran

2. When the US House will vote on the GENIOUS bill (stablecoin regulations)

The strength of the US dollar USDX, according to data from #FXCE , has sharply decreased by 12% from 110.15 (01/13/2025) to a low of 97.61 (06/12/2025). With the current tense situation combined with unstable economic indicators, I predict that this week USDX will continue to decline and capital will flow into gold and crypto to seek safe havens.