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.

Check more on zForex.com - Technical Outlook on Charts​

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

 

[Z Forex]

Fed Rate Hike Bets Pressure Markets (06.23.2026)​

President Trump said US-Iran negotiations are moving in a positive direction but warned that Washington is prepared to act if Tehran fails to meet its commitments. He also stated that the Strait of Hormuz remains open under US control and reiterated that Iran will not be allowed to obtain nuclear weapons.

US stock futures edged lower after a mixed Wall Street session. The Dow finished higher, while the Nasdaq and S&P 500 declined as selling in major technology stocks continued. Micron stood out with gains following its partnership announcement with Anthropic.

The dollar index remained near a one-year high as expectations for a possible September Fed rate increase stayed intact. Attention now turns to the PCE inflation report, while progress in US-Iran talks and a temporary permit for Iranian oil exports improved the outlook for global supply.

The US 10-year Treasury yield held near 4.5% after its recent climb. Fed policy expectations and inflation concerns continued to support yields, with the upcoming PCE report expected to provide the next major test for rate expectations.

Economic Calendar​

• The euro slipped to $1.143, its lowest level since mid-March, as a stronger dollar outweighed progress in US-Iran negotiations.
• The British pound climbed toward 1.3235, recovering from its lowest level since March following Prime Minister Keir Starmer’s resignation.
• The yen traded near 161.5 per dollar, remaining close to its weakest level since 1986.
• The offshore yuan traded near 6.78 per dollar, hovering close to a two-week low. The People's Bank of China left lending rates unchanged for a thirteenth consecutive month
• Gold fell below $4,150 per ounce as expectations for additional Federal Reserve tightening continued to weigh on bullion.
• Silver values fell toward $63 per ounce on Tuesday, stretching recent losses as restrictive Federal Reserve monetary expectations eclipsed optimism over U.S.–Iran peace discussions.
• The US 100 remained in a consolidation phase as higher Treasury yields continued to challenge technology shares.
• Brent crude held near $78 per barrel after recent losses as traders assessed progress in US-Iran negotiations.
• Bitcoin continued to consolidate after its recent correction, with buyers defending the $60,000 area.

Check more on zForex.com - Technical Outlook on Charts​

Euro Falls to March Lows
Gold Slips Below $4,150
Yen Lingers Near Historic Lows
Sterling Rebounds Toward 1.3235
Silver Retreats Toward $63