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A hawkish Fed and a dovish SNB are driving gains in USDCHF
USDCHF extended its upward move, gaining 1.3% this week and more than 3.3% since the start of the month. The pair was supported by a stronger US dollar after hawkish signals from the Fed, while the Swiss franc weakened as the SNB kept rates at 0% and signaled readiness to intervene in the FX market.
19-06-2026 18:02 GMT by Krzysztof Kamiński
Swiss Franc AdobeStock_Coins_CHF
Asia open: US stock futures retreated ahead of Juneteenth holiday, US dollar remains firm
Global markets are adjusting to a new post-conflict reality as the Strait of Hormuz officially reopens following the US-Iran peace agreement. Oil prices have plunged to multi-month lows, removing much of the geopolitical inflation premium that dominated markets earlier this year. Meanwhile, the US dollar remains firmly supported by the Federal Reserve’s hawkish stance under Chair Kevin Warsh, while equities balance improving risk sentiment against higher-for-longer interest rates.
19-06-2026 05:06 GMT by Kelvin Wong
Asia open: Wall Street slumps as Kevin Warsh delivers hawkish hold, GBP/USD’s plunge hits support ahead of BoE
Global markets reacted sharply after the Federal Reserve delivered a hawkish hold at its June 2026 FOMC meeting. New Fed Chair Kevin Warsh kept interest rates unchanged but surprised investors by removing traditional forward guidance and signalling a stronger data-dependent policy framework. The shift triggered a selloff in US equities, boosted the US dollar, pressured gold prices, and reinforced expectations that the Fed could still raise interest rates before the end of 2026.
18-06-2026 04:39 GMT by Kelvin Wong
FOMC trading playbook: How a hawkish Fed could impact Nasdaq 100, Gold, EUR/USD and AUD/USD
The June 2026 FOMC meeting could become one of the most important policy events of the year. While markets expect the Federal Reserve to keep interest rates unchanged, traders are focused on the dot plot, updated economic projections, and new Fed Chair Kevin Warsh’s first press conference. With futures now pricing a 77% chance of a rate hike by December, a hawkish shift could strengthen the US dollar and pressure gold, the Nasdaq 100, EUR/USD, and AUD/USD.
17-06-2026 06:59 GMT by Kelvin Wong
Asia open: S&P 500 rally pauses before Fed, Nikkei 225 eyeing 70,000, crude oil plunges to 3-month low
Global markets paused ahead of the Federal Reserve’s June policy decision as investors await the debut of Fed Chair Kevin Warsh. The S&P 500 retreated while the Nasdaq 100 fell nearly 2% amid semiconductor weakness. Meanwhile, crude oil plunged to a three-month low as a US-Iran peace agreement and the reopening of the Strait of Hormuz moved closer to reality. The Dow Jones hit a record high as investors rotated from technology stocks into financials and industrials.
17-06-2026 02:07 GMT by Kelvin Wong

Top cryptocurrency news and analysis

CryptoBitcoin_Gold_Black_Coins
Chart alert: Bitcoin (BTC/USD) potential near-term bullish reversal emerging from the sub-$70K plunge
Bitcoin (BTC/USD) has suffered a sharp 16% correction after MicroStrategy’s unexpected sale of part of its Bitcoin holdings triggered a breakdown in market sentiment and accelerated ETF outflows. However, technical and on-chain indicators are now pointing toward potential selling exhaustion. Oversold RSI conditions, elevated long liquidations, and continued accumulation by long-term holders suggest Bitcoin may be nearing a bullish reversal if it can maintain support above US$62,250.
03-06-2026 11:31 GMT by Kelvin Wong
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Top commodities news and analysis

USD_One_US_Dollar
Asia open: US stock futures retreated ahead of Juneteenth holiday, US dollar remains firm
Global markets are adjusting to a new post-conflict reality as the Strait of Hormuz officially reopens following the US-Iran peace agreement. Oil prices have plunged to multi-month lows, removing much of the geopolitical inflation premium that dominated markets earlier this year. Meanwhile, the US dollar remains firmly supported by the Federal Reserve’s hawkish stance under Chair Kevin Warsh, while equities balance improving risk sentiment against higher-for-longer interest rates.
19-06-2026 05:06 GMT by Kelvin Wong
Computer_Screen_Chart
FOMC trading playbook: How a hawkish Fed could impact Nasdaq 100, Gold, EUR/USD and AUD/USD
The June 2026 FOMC meeting could become one of the most important policy events of the year. While markets expect the Federal Reserve to keep interest rates unchanged, traders are focused on the dot plot, updated economic projections, and new Fed Chair Kevin Warsh’s first press conference. With futures now pricing a 77% chance of a rate hike by December, a hawkish shift could strengthen the US dollar and pressure gold, the Nasdaq 100, EUR/USD, and AUD/USD.
17-06-2026 06:59 GMT by Kelvin Wong
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Central banks news

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