FX.co ★ Week Ahead - June 23rd

Investors are expected to closely monitor developments in the ongoing Israel-Iran conflict, especially regarding the possibility of US military intervention. Updates on global trade negotiations remain a focal point as well. Additionally, all eyes will be on Federal Reserve Chair Jerome Powell, who is set to testify before Congress. The markets are eager to detect any hawkish inclinations tempered by a reliance on data. In terms of economic data, significant US releases include the Personal Consumption Expenditures (PCE) report, durable goods orders, and the goods trade balance. Moreover, preliminary Purchasing Managers' Indexes (PMIs) for major economies such as the United States, Eurozone, Japan, and India are scheduled for release.