Date: 17.06.2026
Market Sentiment
Markets are cautious before Kevin Warsh’s first Federal Reserve decision, with the dollar steady and volatility risk concentrated around the statement and press conference. Oil is the second key driver after Brent fell below $80 on prospects of renewed Iranian supply, easing inflation pressure and weighing on oil-linked FX. UK inflation staying at 2.8% also softened sterling before Thursday’s Bank of England decision, while yen traders remain alert near 160. Lower bond yields keep index sentiment mixed for now overall.
Previous Session Recap
| Market | Recap |
|---|---|
| Dow | Record close |
| S&P 500 | Softer |
| Nasdaq | Pullback |
| Oil | Slid |
Top Overnight Global Forex Headlines
| Driver | Impact |
| Fed | USD waiting |
| UK CPI | GBP softer |
| Iran oil | Brent heavy |
| BOJ | JPY fragile |
Forex Focus of the Day
EUR/USD near 1.1605 is the main focus. A hawkish Fed tone could support the dollar, while calmer guidance may help the euro.
Key Economic Events
| Time | Event | Watch |
| 09:00 GMT | Eurozone CPI final | EUR |
| 12:30 GMT | US retail sales | USD |
| 18:00 GMT | Fed decision | USD |
| 18:30 GMT | Fed presser | Majors |
Major Forex Currency Outlooks
| Pair | Bias |
| EUR/USD | Steady above 1.1580 |
| GBP/USD | Softer after CPI |
| USD/JPY | Firm near 160.40 |
| USD/CAD | Supported by weak oil |
Commodities Watch
| Instrument | Bias |
| Gold | Near $4,323, Fed-sensitive |
| Brent | Heavy below $80 |
| WTI | Softer near $76 |
Key Forex Technical Zones
| Instrument | Support | Resistance |
| EUR/USD | 1.1580 | 1.1640 |
| GBP/USD | 1.3350 | 1.3450 |
| USD/JPY | 159.80 | 161.00 |
| USD/CAD | 1.3950 | 1.4025 |
| Gold | 4,300 | 4,350 |
| Brent | 78.00 | 80.00 |
| WTI | 75.50 | 77.50 |
Trader’s Takeaway
Today is event-driven. Use tighter risk before the Fed, mainly across dollar pairs, gold, and oil-linked currencies.
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