Chart Art: EUR/CAD Uptrend Correction Taking Place?
EUR/CAD has been cruising higher with rising lows connected by an ascending trend line. Is it due for another support test soon?
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Heads up: RBA monetary policy decision due at the bottom of the hour
In May, the RBA raised the cash rate by 25 bps to 4.35% then signaled that they would be pausing here. As a reminder, the central bank has been one of the early movers in having raised interest rates since February. So far this year, they have delivered 75 bps of rate hikes. The decision there was not solely…
Australian Dollar falls further after weak China data
The Australian Dollar (AUD) faces further selling pressure against its major currency peers during the Asian trading session on Tuesday, sliding 0.16% to near 0.7060 against the US Dollar (USD). The Aussie pair was already under pressure since the beginning of Tuesday’s session after a three-day upside move, and has dropped after the release of the weak China data….
US-Iran Hormuz Deal Sends Oil Lower
US and Iran agreed to reopen the Strait of Hormuz, sending Brent crude down 5% — but the deal isn’t signed and analysts warn peace is fragile.
JGBs steady, Nikkei eases from record high as BOJ rate decision looms
The relative calm in JGBs ahead of the decision reflects a market that has already done its pricing work. A hike to 1% is not the story; Deputy Governor Uchida’s forward guidance at the 0630 GMT briefing is. Any signal of an accelerated path toward 1.25% would put fresh upward pressure on yields and the yen, while a deliberately…
BoJ set to raise rates amid high inflation, weak JPY
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish move by hiking the benchmark interest rate by 25 basis points (bps) to 1%, its highest level since 1995. The hike is meant not only to address mounting inflationary pressures but also the…
Financial & Forex Market Recap – June 15, 2026
Markets rallied on Monday after the U.S. and Iran reached an interim peace agreement, with a deal to reopen the Strait of Hormuz sending crude oil sharply lower while equities and crypto climbed and the dollar drifted broadly weaker.
Barclays sees gold hitting $4,900 as Iran-driven correction fades
Gold’s proximity to Barclays’ $4,150 fair-value estimate sets up a technically cleaner entry point for buyers who accept the structural case. The key near-term variable is whether the Iran peace framework durably softens the dollar and yields, the two forces most responsible for compressing gold during the conflict period. Central bank buying from Russia and Turkey has been a…
Dow Jones buys the headline on an Iran deal, not the fine print
The Dow Jones Industrial Average (DJIA) punched to a fresh all-time intraday high on Monday, climbing around 1% as Wall Street cheered a preliminary peace agreement between the US and Iran. The catalyst is real enough; the framework reopens the Strait of Hormuz, lifts the US naval blockade, and extends the existing ceasefire by 60 days, which sent Crude…
Greenback Plummets as US and Iran Reach Peace Deal. Forecast as of 15.06.2026
2026.06.15 2026.06.15 Greenback Plummets as US and Iran Reach Peace Deal. Forecast as of 15.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Since the start of the armed conflict in the Middle East, the US dollar has been one of the top performers in the Forex market. The end of the standoff between the US and Iran has turned it into an underdog. Let’s…
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