US CPI AT 4.2%, HIGHEST IN 3 YEARS, HAWKFISH PRESSURE ON FEDMARKET HIGHLIGHTSDXY around 100.00 – 100.20May CPI came in at 4.2% (highest since April 2023), core CPI at 2.9% (7‑month high). Markets still price ~70% probability of a Fed rate hike in December.DXY support: 99.59 – 99.00; resistance: 100.21 – 100.64 – 101.00.
Gold crashes to $4,065/ozDual pressure from a strong dollar, high inflation, and rate‑hike expectations. Gold lost the $4,200 level and is heading toward $4,000.Support: $4,000; resistance: $4,150 – $4,200.
WTI oil at $90.10/barrelTrump says Iran “must pay” for delaying negotiations. Tensions escalate, but oil faces demand‑side pressure.Support: $84.87 – $80.00; resistance: $90 – $93.03.
ASX200 recovers 0.6% to 8,653Ends a 3‑day losing streak. Consumer staples (+3.9%) and discretionary (+3.6%) lead. Steadfast Group (+35%) on takeover offer.
Shanghai Index falls 0.42% to 3,993Loses the 4,000 level. China’s May PPI hits 3.9% (highest since July 2022). Financials support the index; AI and semiconductors sell off sharply.
Major currency pairs
AUD/USD: 0.6990 – weak, testing support at 0.6960 – 0.6900.GBP/USD: 1.3360 – range‑bound, resistance at 1.3400.USD/JPY: 160.70 – intervention risk, resistance at 160.73 – 161.00.EUR/USD: 1.1525 – ECB meeting today (25bp hike expected).OUTLOOK & TRADING TIPSDollar: Strong. High CPI reinforces the Fed’s hawkish stance. DXY could reach 101 if data continues to support.Gold: Under extreme pressure. $4,000 is the last psychological support. Wait for clear reversal signals.Oil: Caught between geopolitical tensions and demand fears. Trade within $85–93.Australian stocks: Recovering but not yet solid. Watch the RBA rate decision on June 16.
TODAY: ECB MEETING (25bp hike expected) – COULD MOVE EUR.
Gold crashes to $4,065/ozDual pressure from a strong dollar, high inflation, and rate‑hike expectations. Gold lost the $4,200 level and is heading toward $4,000.Support: $4,000; resistance: $4,150 – $4,200.
WTI oil at $90.10/barrelTrump says Iran “must pay” for delaying negotiations. Tensions escalate, but oil faces demand‑side pressure.Support: $84.87 – $80.00; resistance: $90 – $93.03.
ASX200 recovers 0.6% to 8,653Ends a 3‑day losing streak. Consumer staples (+3.9%) and discretionary (+3.6%) lead. Steadfast Group (+35%) on takeover offer.
Shanghai Index falls 0.42% to 3,993Loses the 4,000 level. China’s May PPI hits 3.9% (highest since July 2022). Financials support the index; AI and semiconductors sell off sharply.
Major currency pairs
AUD/USD: 0.6990 – weak, testing support at 0.6960 – 0.6900.GBP/USD: 1.3360 – range‑bound, resistance at 1.3400.USD/JPY: 160.70 – intervention risk, resistance at 160.73 – 161.00.EUR/USD: 1.1525 – ECB meeting today (25bp hike expected).OUTLOOK & TRADING TIPSDollar: Strong. High CPI reinforces the Fed’s hawkish stance. DXY could reach 101 if data continues to support.Gold: Under extreme pressure. $4,000 is the last psychological support. Wait for clear reversal signals.Oil: Caught between geopolitical tensions and demand fears. Trade within $85–93.Australian stocks: Recovering but not yet solid. Watch the RBA rate decision on June 16.
TODAY: ECB MEETING (25bp hike expected) – COULD MOVE EUR.
