Central Banks dominated headlines the previous week though none of them featured a Policy Statement. The Bank of Canada (BoC) surprised markets by stating it would be assessing its Monetary Policy if the current pace of growth continues. Yellen & Co. were the only ones to modify Monetary Policy while Bank of England (BoE) delivered a hawkish vote count in their 5–3 decision to keep Rates unchanged. The Bank of Japan (BOJ) kept Interest Rates on hold.
The week will bring few scheduled economic events, the highlight being on the Asian Markets; the Reserve Bank of New Zealand (RBNZ) Rate Statement on Wednesday, June 21 at 5:00 pm ET, and the Reserve Bank of Australia (RBA) Meeting Minutes today, Monday, June 19 at 9:30 pm ET. The charts show what Market Strategists are looking at this week for the AUDUSD and Gold.