BingZi Forex Solutions, 10 Woodlands Square, #04-53 Woods Square, Singapore (2026)

17/06/2026

18 Jun 2026.......Market Updates

Here is a list of what had happened last night :

1. US Retail Sales came in positive @ 0.9% (consensus 0.5, previous 0.4%)

2. US Pending Home Sales unexpectedly rose to 3.8% (consensus 0.8%, previous 0.3%) which is 6-month high.

3. US Officials release a 14-point US/Iran Ceasefire MOU to the press

4. US Fed left rates unchanged and Warsh gave a very hawkish statement with likely a rate hike in 2026.

5. G7 Summit closed with G7 Leaders pledging unified support for Ukraine.

The S&P tanked sharply, while the DXY and the US10Y spiked up last night, in response to the US Fed leaving rates unchanged and signaled, amid elevated inflation and solid economic data, that a rate hike could be in the cards before the end of 2026.

Economic projections show US policy makers growing more pessimistic about inflation and now see year end PCE inflation of 3.6% (up from 2.7% in March) in 2027.

The S&P closed lower @ 7,420 (range 7,403-7,530).

The DXY and the US10Y spiked up and closed @ 100.38 (range 99.49-100.56) and @ 4.48% (range 4.41%-4.49%) respectively.

Trump seems to be giving lots of concession to Iran as he made comments that Iran should be entitled to have ballistic missiles for its self-defense and allow Iran to dilute its uranium stockpile.

Trump also included an investment fund of $300 billion to rebuild Iran via investment, once a permanent ceasefire is achieved after the 60-day negotiations, pending the official signing of the MOU tomorrow.

Trump even thanked Putin and Xi for staying neutral during the US/Iran war.

Meanwhile, the recalcitrant Netanyahu launched fresh airstrikes on Lebanon and broke ranks with Trump, compromising his chances of winning Israel's upcoming October elections.

Technically, the XAU/USD tanked with clockwork precision as it closed below 4300.00 @ 4240.00 (range 4218.00-4382).

Will be monitoring for a BUY @ 4150.00 for a target of 6000.00 by end of 2026.

The USD/JPY, however, spiked higher and hit a high of 160.798 before closing lower @ 160.61 (range 160.11-160.798).

The move down to 155.00 is still possible in the Far East today as the BOJ takes over the guardrails, now that the Fed Statement is out of the way.

B-Wave termination is always messy and will have to see if this persistent move up is indeed a Wave B.

The DXY magically spiked up from its pivot support @ 99.50 (low 99.49) to hit its upside pivot 100.50 (high 100.560) before closing @ 100.38.

The DXY is still inside its pivot range (99.50-100.50).

The focus today will be on the interest rates decision of the SNB and the BOE who are likely to leave rates unchanged.

The UK's inflation held firm @ 2.8% (13 month low) and there is no need to hike rates yet.

Let's see.

16/06/2026

17 Jun 2026......Market Updates

The market shifted focus from the US/Iran war to the FED policy meeting today (2 am + 2.30 am Thursday Singapore).

Warsh is not expected to provide a dot plot to where the US interest rates will be, reversing 14 years of FED's practice post-financial crisis.

On the US/Iran war front, Trump says that the Iran deal will be announced to the public soon as oil prices dropped below $80 a barrel.

On top of that the Iran deal includes a $300 million private fund (half already committed) to trigger investment into Iran as an incentive for both the US and Iran to conclude a final deal!

G7 leaders were also very optimistic for peace after Trump had a very good meeting with Zelensky over the Ukraine war with Russia (5 years).

Trump said that he will do what he can to end the Ukraine war as Russia seemed to be running low on ammunitions and momentum in gaining further grounds in Ukraine.

The S&P traded sideways with a slight downside bias, waiting for tonight's US FOMC Statement and closed @ 7,511 (range 7,511-7,563).

The DXY and the US10Y also traded sideways with a downside bias and closed @ 95.54 (range 95.47-95.79) and @ 4.43% (range 4.41%-4.47%) respectively.

The RBA left interest rates unchanged while the BOJ hike interest rates by 25 bp (from 0.75% to 1%) yesterday.

The USD/JPY traded higher after the rate hike as the market has fully priced in for the rate hike.

The USD/JPY closed above 160.40 @ 160.42 (range 160.05-160.48).

Technically, 160.40 is the upper Last-Line-of-Defense.

The breakout can still fail and put us back into the pivot again.

The directional bias is now 50-50 but see more risk lower as Warsh or the BOJ remains the active catalyst.

The XAU/USD seemed to have recognize 4370.00 as its interim resistance for a correction dip back to 4150.00.

Will be looking for the correction down, to BUY for the 6000.00 year-end target. (range 4307.00-4355.00).

Lots of actions tomorrow as the FED, SNB and the BOE will be announcing their interest rates decisions.

Meanwhile, the US Core Retail and Retail Sales + Pending Home Sales will be released tonight.

Let's see.

15/06/2026

16 Jun 2026....Market Updates

The US and Iran has agreed to ceasefire and to sign an MOU this Friday in Switzerland.

The Hormuz Straits will be open during this 60 days ceasefire for negotiation on Nuclear containment.

It was Trump's birthday present as the deal was also timely as the US Strategic Petroleum Reserve hits its lowest since 1983.

Israel remained recalcitrant as Netanyahu fell out with Trump and said that Israel/Lebanon war was not part of the deal.

Nevertheless, the outcome brought cheers to the market as the S&P traded up and closed @ 7,554 (range 7,420-7,577) .

The DXY plunged below its 99.50 support and closed @ 99.66 (range 99.40-99.71).

The US10Y traded a tad higher to close @ 4.47% (range 4.41%-4.47%).

While the news brought some relief, there are still lots of details of the MOU that are not reported.

Speculations that Trump cave in on many concessions went rife over the newswires and that Iran "won" the war without losing much.

The details of the MOU will be released on Friday.

Meanwhile, Trump is attending a G7 Summit in France, with the aim of ending the Ukraine war while G7 leaders are looking on how to mitigate Trump's fresh tariffs threats.

The focus today will be on the RBA and BOJ interest rates decisions.

Both are likely to hold rates but the press statements will be scrutinised closely, especially Japan's.

If the Japanese statement is showing concern and more caution, the JPY is likely to strengthen.

However, with the US/Iran ceasefire, oil prices have fallen back to $80 and there is a possibility that the BOJ may issue a gradual approach to tightening.

That could potentially see the USD/JPY above 161.00.

Technically, the USD/JPY was supposed to test and break below 159.50 yesterday but instead, it rallied to close near 160.40 (last-line-of-defense).

We are now at a 50-50 pivot again and totally at the mercy of the BOJ press statement @ 2.30 pm Singapore.

The XAU/USD had surpassed beyond its projected target @ 4320.00 (high 4370.0) on the Iran/US ceasefire good news yesterday.

It is now expected to correct lower towards 4150.00 for a BUY for 6000.00.

The US ADP Employment Change and Housing Starts will be released tonight.

Let's see.

13/06/2026

15 Jun 2026......Market Updates

A Middle-East deal seemed to have been reached last Friday.

An MOU to start a 60-day ceasefire between the US and Iran is expected to be signed on Sunday in Geneva.

However, Israel said that it is not part of the deal and will continue its own war agenda against the Hezbollah.

Trump seemed to have lost quite a bit in terms of concessions but bravely said that the deal has met his main objective of depriving Iran of having a nuclear weapon.

Iran said that there were minor differences in the details, but the proposals indicate that the proposals would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on its oil exports, in return for Iran opening the Hormuz Straits.

This would be immediate while the 60-day ceasefire negotiations will move on to the disposal of Iran's enriched uranium.

Iran said that it is not agreeable to the disposal of the enriched uranium but can accede to a dilution of the enriched uranium.

The US disputed that and said that no money will be released until Iran performs (i.e opening the Hormuz Straits and no funding of terrorist groups).

Israel, who is not part of the deal, said that they will continue with the war in Lebanon, which is the sticking part, as Iran included the end of the war in Lebanon as a condition.

Hence, it is not a done deal but enough to get the market all excited.

Meanwhile, Elon Musk became the first Trillionaire in the world, when his SpaceX IPO started trading at $150 (IPO price $135).

The S&P traded a tad higher and closed @ 7,431 (range 7,364-7,455).

Brent traded lower, back to the March's low @ $87 (highest $119).

The DXY and the US10Y traded lower on the positive news and closed @ 99.78 (range 99.64-99.71) and @ 4.47% (range 4.43%-4.50%) respectively.

Technically, the DXY stayed inside its pivot range (99.50-100.50) and hence offered no directional bias.

However, the XAU/USD traded a low of 4170.00 before closing higher @ 4218.00.

It is expected to trade higher towards its first target of 4300.00-4320.00 before easing off for a correction dip.

The recent 4035.85 low could potentially mark the support for a rally towards 6000.00 from here.

That needs to be monitored over next week.

The USD/JPY hit its micro last-line-of-defense @ 160.40 (high 160.37) before hitting a low of 159.95 last Friday.

As such 160.40 now becomes the critical resistance to see a move below 159.500.

That is expected to start the big move towards 155.00 target next week.

Next week will see 5 central banks (BOJ, RBA, SNB, BOE and FED) announcing their interest rates decisions and the scheduled release of the G7's CPI and Retail Sales data.

Monday is expected to be quiet as only the US Industrial Production and Capacity Utilisation data are scheduled to be release.

What could move the market will be the outcome of the US/Iran Ceasefire MOU.

Let's see.

11/06/2026

12 Jun 2026.......Market Updates

Here we go again!

Another TACO KING announcement !

Trump suddenly calls off latest strike on Iran, citing a deal to be signed over the weekend!

The time and place of signing will be announced shortly and documents are in final stage as a settlement has been made.

Even Netanyahu has been spoken to as well.

Let's see if this is true!

The S&P rallied and closed @ 7,374 (range 7,258-7,412) but the rally is considered shallow with likely more downside to follow.

The DXY and the US10Y fell and closed @ 99.68 (range 99.59-100.30) and @ 4.45% (range 4.44%-4.58%) respectively.

The SpaceX IPO makes Elon Musk the world's first trillionaire as it successfully raised $75 billion on the sale of 555.56 million shares@ $135 per share!

The real test will be how the market digests the IPO over the next several weeks.

The PPI (YoY) released last night registered 6.5%, driven largely by cost from the Iran war.

This inflation rate was the highest since Nov 2022, when inflation spiked under President Joe Biden and cost the Democrats politically.

Technically, the DXY is still trading back into the pivot 99.50-100.50.

The USD/JPY, however, finally showed a peak with a drop to a low of 159.56 (high 160.60).

It is expected to find a resistance @ 160.20 and start the move down to 154.80 (re-calibrated target after the prolonged consolidation).

The XAU/USD has broken above 4200.00 topside pivot level, and we need to see a move towards 4350.00 to qualify as have found a base for a move towards 6000.00.

The "acid-test" will be over this weekend's signing of the ceasefire documents between the US and Iran.

As for the USD/JPY, the move down was not due to the BOJ and hence, the move down is quite genuine.

One can try to SHORT USD/JPY @ 160.20 (S/L 160.70 oco T/P 155.00).

The weekend ahead is crucial as a signed deal would reduce the volatility for the next 60 days.

Knowing Trump, anything is possible!

Let's see.

10/06/2026

11 Jun 2026......Market Updates

Two main headlines gripped the market last night as the DXY and the US10Y closed at the high while the S&P fell.

1. US Inflation registered 4.2% (highest in 3 years right after Trump took over from Biden)

2. US military relaunch the Iran war by striking "multiple targets in Iran".

The S&P closed lower @ 7,267 (range 7,267-7,395).

The DXY and the US10Y closed @ 100.08 (range 00.73-100.08) and @ 4.56% (range 4.51%-4.57%) respectively.

Israel was also reported to join the fray by launching strikes on south Lebanon killing 12.

The US CPI registered 4.2% (previous 3.8%) as Trump responded in an interview, that he "loves inflation" as he knows it will drop like a bomb after the Iran war is over!

Warsh is now relieved as that provided him the space to hike US Interest rates next week.

The BOJ may keep rates on hold as the BOJ Governor, Ueda was hospitalised yesterday and will miss the scheduled policy meeting next Tuesday.

In response to the news and events, the XAU/USD fell through 2 support targets : 4180.00 and 4080.00 (range 4066.95-4228.78).

The next target is 3600.00 as the market reacts to the Iran war, causing US interest rates higher, making Long XAU more expensive.

The dollar rallied against all currencies, including the JPY last night, but at various momentum.

The USD/JPY notched up a marginal high of 160.58 (latest high 160.45) before closing @ 160.53.

Technically, the USD/JPY is currently inside a pivot (160.30-160.90) and a break of either side will see a directional bias of 150 pips.

The XAU/USD is also inside a pivot (4000.00-4200.00) and a break of either side can see a directional bias of $200 move.

The DXY, is also inside a pivot (99.50-100.50) and a break of either side will see a directional bias for the next 50 pips.

The technical is still favouring a bullish dollar bias against all currencies but the intensity of the dollar momentum remains exclusive to the currency pair due to its unique circumstances.

The focus today will be on the ECB Interest Rate Decision (likely to hike) and the US Jobless Claims.

Fresh war news from the newswires will continue to be the catalyst for today's move.

Let's see.

09/06/2026

10 Jun 2026.....Market Updates

The market was steady and quiet until Trump ordered new strikes against Iran @ 5 pm Washington time (how convenient as that was when US stock market closes!).

This was in retaliation to the downing of a US Apache attack helicopter by an Iranian drone!.

The Far East has not reacted yet as it was too early to react.

The XAU/USD fell from a high of 4363.87 to a low of 4236.25 (likely to hit its first pit-stop @ 4180.00 when the Far East opens).

The USD/JPY was steadily losing ground as it eased from 160.25 to 160.05, but spiked up to a high of 160.45 after the news was released.

Crude Oil Futures (WTI) jumped up by $1 from 88.50 to 89.88.

The S&P futures was down as the S&P closed @7,386 (range 7240-7,481).

The DXY rallied and closed @ 99.99 (range 99.68 - 100.08). The US10Y closed lower @ 4.52 (range 4.51%-4.56%).

The US ADP Employment Change registered a weaker number @ 29K (previous 35.75K), while the US Trade Balance registered a better number @ --55.90B (consensus -56.20B, previous -56.60B) last night.

That supported the S&P at opening, but the market eased off from its high immediately.

The BOJ yesterday said that it could hold off a rate hike next week as it could still maintain its government bond purchase at the current 2.1 trillion Yen pace per month.

The USD/JPY did not react and stayed in the 160.10-20 range.

China reported a very strong set of Trade Balance data with Exports @ 19.4% (consensus 15%, previous 14.1%).

Technically, the DXY is expected to re-try 101.00 today as 99.80 intraday support was briefly violated (low 99.68) before closing just below 100.00.

The XAU/USD traded lower like clockwork and hit a low of 4236.25 and is likely to continue its quest towards our first pit-stop @ 4180.00, before finding a temporary support.

The USD/JPY is quite tricky, as it can potentially trade above 160.75 and beyond.

Its fate is in the hands of the BOJ, who may still emerge and see a 300 pips sharp move down, despite the fresh war news between the US and Iran.

The US Core CPI and CPI will be the only US data scheduled for release today.

The focus will be on the newswires update about the Middle East wars.

Let's see.

08/06/2026

09 Jun 2026.....Market Updates

After last Friday's S&P sell-off, we got a weak rebound last night, even after Iran and Israel has decided to pause after exchanging strikes on each other.

Trump was reported over the newswires telling Netanyahu that he will be on his own and not get the US support if he continues the strike at Iran.

This serves as the basis for the S&P rally (very weak) as players placed more weight on interest rates hikes and AI exuberance more than the war!

The week ahead will see SpaceX IPO (Friday) and though SpaceX is a loss-making company, investors don't seem to care and wanted a price of the IPO.

Given last week's DXY performance, it seemed like AI and S&P rally have finally met its match: expected US FED rate hike on 18 June 2026.

The ECB will likely start the ball rolling this Thursday and hike 25 bp.

Next week will see 4 central bank, BOJ + RBA (16 Jun) and BOE + FED (18 Jun), likely to hike interest rates!

The S&P traded up initially on the Israel/Iran ceasefire but fell off its weak rally and closed @ 7,405 (range 7,396-7,466).

The DXY also gave up its upside momentum, on the Iran/Israel ceasefire news and closed @ 100.00 (range 99.83-100.20).

The US10Y rallied and closed 4.56% (range 4.52%-4.58%).

Technically, the DXY flinched off from its 100.50 resistance and is expected to find day support @ 99.80 for a retake of 101.00.

The USD/JPY came off from a high of 160.39 and landed a low of 159.85 before closing @ 160.17 on the ceasefire news.

The XAU/USD landed a low of 4268.13 and closed @ 4326.00 (high 4353.68) as it continues its down trend towards 4180.00 (1st pit-stop).

4380.00 will likely see a top for the XAU/USD to resume its move lower, towards 4180.00 over the next 2 days.

The USD/JPY is quite tricky to call, as the move below 160.00 was not the usual sharp down and up events that we saw multiple times last week, suggesting that maybe it has crested @ 160.50?

The BOJ may be waiting for a clearer ceasefire, before acting, as it has lost $73 billion the last round it intervened @ 160.65 on 30 Apr 2026 (low was 154.95).

Today's US data scheduled for release will be the ADP Employment Change, Trade Balance and Existing Home Sales.

News coverage of the Middle East wars will be watched closely in conjunction with how the S&P will behave tonight.

Let's see.

06/06/2026

8 Jun 2026.......Market Updates

Last Friday's NFP registered a very strong number of 172,000 (consensus 85,000, previous 179,000) while the US Unemployment Rate stayed steady @ 4.3%.

The report was double-edged as it provide reassurance of a healthy US economy but also increase the likelihood of an interest rate hike on 18 Jun 2026.

At the same time, both Israel/Hezbollah and the US/Iran ceasefire was short-lived, as fighting resumed.

The Straits of Hormuz is now closed with no expected timeline for reopening.

Iran reaffirmed its support for Hezbollah and demanded that Israel withdraw its troops from southern Lebanon before any ceasefire negotiations can take place between the US and Iran.

Trump had a tense moment with Netanyahu but Israel is not stepping down on the gas.

Hence, expectations of an interest rate hike and the Iran war weighed on sentiment as the market squared its Long AI related equity positions ahead of the weekend.

BTC also dropped below 60,000, together with Gold and Silver.

The DXY and the US10Y rallied on strong US economic results which suggest that the Fed might hike US interest rates on 18 June 2026.

The S&P gapped down on open and closed lower @ 7,384 (range 7,318-7,541).

The DXY and the US10Y spiked up and closed @ 100.06 (range 99.16-100.09) and @ 4.53% (range 4.45%-4.55%) respectively.

Technically, it was a surprised dollar up-move as technicals were calling for a lower dollar against all currencies.

The technical picture was destroyed immediately after the release of the US NFP and Unemployment Rate. last Friday.

The XAU/USD broke below 4420.00 and closed @ 4327.00 (range 4311.50-4476.24) while the USD/JPY broke above its "last-line-of-defense" @ 160.15 and closed @ 160.30 (range 159.73-160.34).

The BOJ tried to intervene but the lowest it managed was 159.73.

Given the bullish breakouts on the DXY, USD/JPY and the lower XAU/USD, the dollar upside momentum is expected to continue in the week ahead.

The USD/JPY is now "open" to see 162.20 while the XAU/USD is expected to resume its drop towards 3900.00.

The DXY is now expected to trek towards 105.00 if it is able to stay above 100.00 support this week.

It will be interesting to see if the BOJ will intervene and what is the "after-intervention" price actions.

The week ahead is rather quiet with only the ECB announcing its interest rates decision (likely a hike).

The other economic data release are not major data and the focus is still on news from the war in the Middle East and in Ukraine.

Let's see.

04/06/2026

05 Jun 2026......Market Updates

The Israel/Hezbollah ceasefire collapsed again as Hezbollah and Israel continue fighting last night.

Iran's Supreme Leader Ayatollah Mojtaba Khamenei's message that the US and Israel had been dealt a "decisive blow' in the Middle East, after the Iranian government reported "no tangible progress" in negotiating to end the war.

The IAEA reported that nothing has changed with regards to Iran's nuclear capability from February (before the US Operation Fury) and now and they were not able to access the actual sites physically due to the ongoing war.

The "ceasefire good news" were short lived, as the DXY rebounded from its low of 99.19 after taking a plunge form a high of 99.52 (99.50 is a critical resistance) and closed @ 99.44.

The US10Y followed a similar trajectory and closed @ 4.47% (range 4.45%-4.49%).

The S&P recovered form its previous day's low but still closed below 7,600 @ 7,584 (range 7,530-7,597), as players rotated out from AI stocks to non-tech stocks such as United Health, JP Morgan and Walmart.

The rotation was sparked by a sell-off in Broadcom that led players to pare exposures related to AI.

Hence, the XAU/USD fell back to close below 4500.00 (high 4515.00), after recovering from a low of 4443.00 to close @ 4475.00.

The USD/JPY fell briefly to a low of 159.60 (BOJ verbal intervention) but recovered swiftly to hit a high of 160.04 before closing @ 160.03 (160.15 is now a critical resistance).

Technically, the DXY is still on track to test the lower 98.50 support as it has tested 99.50 resistance for the last 2 days.

Hence, the XAU/USD is expected to find support @ 4440.00 for a retake of 4530.00 and eventually 4680.00 next week.

The USD/JPY is still a tricky call as it tested 160.00 seven times since 2 Jun 2026.

However, the technicals are still calling for a sharp move down to 150.50 from its current levels.

This will be triggered either by the BOJ or a real US/Iran full ceasefire signed deal.

We have reached the end of the first week of June and the US NFP and Unemployment Rate will be announced tonight.

Fresh news from the Middle East will still be the primary trigger over the weekend.

Let's see.

BingZi Forex Solutions

17/06/2026

16/06/2026

15/06/2026

13/06/2026

11/06/2026

10/06/2026

09/06/2026

08/06/2026

06/06/2026

04/06/2026

Address

Website

Alerts

Shortcuts

Share

Category