Date: 23.06.2026
Market Sentiment
The U.S. dollar remains in control as markets price a more hawkish Federal Reserve, lifting Treasury yields and the currency to a one-year high. Europe adds pressure: June flash PMIs left euro-area activity below the 50 growth line and Germany at an 18-month composite low. Oil has eased on improved U.S.-Iran supply expectations, but Hormuz shipping remains a live risk. Today’s U.S. flash PMIs and Richmond Fed index will decide whether the dollar move extends further today.
Previous Session Recap
Technology selling cut Nasdaq 1.3% and S&P 500 0.4%. Dollar rose as gold and crude declined.
Top Overnight Global Forex Headlines
Euro-area PMI 49.5 and UK services 48.7 weighed on EUR and GBP; better oil supply outlook trimmed risk premium.
Forex Focus of the Day
U.S. PMIs test the Fed repricing.
Key Economic Events
| Event | Focus |
|---|---|
| U.S. flash PMIs | USD, yields |
| Richmond Fed | Manufacturing |
Major Forex Currency Outlooks
| Pair | Area | Driver |
|---|---|---|
| EUR/USD | 1.1412 | PMIs |
| GBP/USD | 1.3220 | Services |
| USD/JPY | 161.38 | Yields |
Commodities Watch
| Instrument | Area | Driver |
|---|---|---|
| Gold | $4,116 | USD, yields |
| WTI | $73.14 | Hormuz |
| Brent | $77.34 | Supply |
Key Forex Technical Zones
| Instrument | Support | Resistance |
|---|---|---|
| EUR/USD | 1.1400, 1.1360 | 1.1450, 1.1475 |
| GBP/USD | 1.3210, 1.3185 | 1.3255, 1.3270 |
| USD/JPY | 160.80, 160.00 | 161.80, 162.00 |
| Gold | $4,090, $4,050 | $4,165, $4,200 |
| WTI | $72.00, $70.00 | $74.50, $76.00 |
| Brent | $76.00, $74.50 | $78.50, $80.00 |
Trader’s Takeaway
Manage USD risk around data. Oil’s downside needs steadier Hormuz flows.
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