Daily Global Analysis By zForex

[Z Forex]

Markets Stabilize on Peace Hopes (06.22.2026)​

US–Iran talks in Switzerland faced fresh strain after reports that the Iranian delegation briefly walked out following comments from Donald Trump. The discussions, mediated by Qatar and Pakistan and involving senior officials including US Vice President JD Vance, later resumed despite reports of a temporary suspension.

Attention remained split between the negotiations and upcoming US PCE inflation data. US stock futures moved lower, while the 10-year Treasury yield climbed to around 4.48% as expectations for further Fed tightening persisted after last week's hawkish signals.

The dollar index traded near 100.8, close to its highest level since May 2025, supported by rate hike expectations and anticipation of the inflation report. Reports that both sides had agreed to continue working toward a potential deal over the next 60 days helped ease some geopolitical concerns, though uncertainty surrounding the talks remained.

• The euro remained near $1.145, its lowest level since mid-March, and was on track for a weekly loss of around 1% as demand for the US dollar stayed strong.
• The British pound rebounded above $1.32, clawing back intraday losses despite declining near a two-month trough and heading for a 1% weekly drop against the dollar.
• The yen weakened to around 161.5 per dollar, trading close to its lowest level since 1986. Intervention warnings from Japanese officials had little impact.
• The offshore yuan edged higher to around 6.77 per dollar, recovering part of its recent losses as sentiment improved following progress in US–Iran negotiations.
• Gold rebounded toward $4,200 per ounce as easing oil prices reduced some inflation concerns following reports of a 60-day US–Iran peace framework.
• Silver advanced near $66 per ounce, retracing recent drops as plunging oil prices, fueled by a prospective 60-day U.S.–Iran peace framework, redirected capital flows.
• The Nasdaq 100 continues to consolidate after a strong rally, with the broader uptrend remaining intact. Momentum has moderated near record highs.
• Brent crude slipped below $80 per barrel as improving US–Iran negotiations eased concerns over supply disruptions.
• Bitcoin remains range-bound after its 2025–2026 peak, fluctuating between $60,000 and $66,000.

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Euro Weakens Toward $1.145
Gold Rebounds Toward $4,200
Yen Sinks Near 1986 Lows
Sterling Recovers Above 1.3200
Silver Climbs Toward $66