Forex
The USD/CHF rallies to a new yearly high of 0.8059, surpassing March’s 31 previous peak of 2026 at 0.8042 as the Greenback stages a recovery due to hawkish Fed policy expectations, which drove the pair to reach the ‘inverted head-and-shoulders,’ price target.
West Texas Intermediate (WTI) Oil declines to around $73.20 at the time of writing on Thursday, down 2.35% on the day, and hits its lowest level in more than three months as investors continue to price in the prospect of a lasting easing of tensions in the Middle East.
Commodities
Gold (XAU/USD) shows marginal gains on Thursday, but remains close to weekly lows at $4,220.
Forex
The USD/JPY pair extends its sideways consolidative price move through the early European session on Thursday and trades just above mid-160.00s, near the highest level since July 2024, touched the previous day.
Crude Oil prices drift lower on Thursday, weighed by hopes of a US-Iran peace agreement and the reopening of the key Strait of Hormuz. The price of the US benchmark West Texas Intermediate (WTI) barrel hit a three-month low of $73.36 on Thursday, on track for a more than 10% weekly decline.
Forex
Here is what you need to know on Thursday, June 18:
Forex
The EUR/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since late March, around the 1.1480-1.1475 region touched the previous day.
Forex
The AUD/USD pair regains positive traction during the Asian session on Thursday, reversing part of the previous day's slide to sub-0.7000 levels, or the weekly low. Spot prices currently trade around the 0.7040 region, up nearly 0.40% for the day, amid a broadly weaker US Dollar (USD).
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.
West Texas Intermediate (WTI) oil price edges higher after five days of losses, trading around $75.10 per barrel during the Asian hours on Thursday. Crude oil prices gain ground despite easing Middle East tensions and supply concerns.
