West Texas Intermediate (WTI) pares some part of earlier losses on Friday as markets seek confirmation of a possible US-Iran agreement, prompting traders to refrain from placing aggressive bearish bets.
Forex
The Euro (EUR) has given away previous daily gains against the US Dollar (USD) and is trading practically flat, at 1.1575 at the time of writing.
Equities
SpaceX begins trading on Nasdaq in the largest IPO ever, raising US$75 billion and achieving a valuation near US$1.8 trillion. While investor demand remains exceptionally strong, technical signals from the SPCX/USDT grey market suggest caution. The pre-IPO perpetual contract remains trapped in a descending channel, highlighting the risk of further downside unless bulls reclaim the key US$187.60 resistance level. Traders are closely watching whether SpaceX becomes a major driver of Nasdaq 100 per
Commodities
Thursday’s EuropeanSilver (XAG/USD) retraces previous losses on Friday's European session, returning to levels in the mid-range of the $67.00s at the time of writing.
Forex
Here is what you need to know on Friday, June 12:
Forex
USD/CHF rebounds after registering modest losses in the previous day, trading around 0.7960 during the European hours on Friday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
Forex
Germany’s final Harmonized Index of Consumer Prices (HICP) data for May has arrived at 2.7% Year-on-Year (YoY), as the preliminary data showed. The inflation data cooled down from 2.9% in April. On a monthly basis, it is confirmed that the German HICP growth declined by 0.1%.
Forex
The AUD/USD pair is down 0.22% to near 0.7035 in the early European trade on Friday.
Forex
The USD/JPY pair attracts fresh buyers during the Asian session on Friday and moves away from a one-week low, touched the previous day.
Commodities
Global markets rallied sharply after President Trump signalled a potential breakthrough US-Iran peace deal, easing fears of a prolonged energy shock. WTI crude oil plunged 6%, driving a broad relief rally across equities, bonds, and currencies. Semiconductor stocks surged nearly 8% as investors renewed confidence in the AI infrastructure boom, while SpaceX’s record-breaking US$75 billion listing demonstrated robust liquidity and appetite for technology investments.
