🚨 Today is the first meeting of the US Federal Reserve chaired by the new chairman, Kevin Warsh , Important for #Gold , Major pairs , #Stock market future

🚨 JUST IN: US and Iran are discussing moving up the signing of their agreement to as soon as today, potentially reopening the Strait of Hormuz.

🚨 The Federal Reserve interest rate will be announced in a few minutes.

🚨 It is expected that the interest rate will remain unchanged in this session.

#USD #Gold

🚨 JUST IN: Federal Reserve keeps interest rates unchanged in first policy decision under Kevin Warsh.

This marks the initial rate decision with Warsh as Fed Chairman.

🚨 FOMC STATEMENT COMPARE.

#USD #Gold

This FOMC statement is basically “USD supportive, but with some internal drama”.

Here’s what it means for the US Dollar:

*1. Hold rates at 3.5% - 3.75% = USD stays strong-ish*
Higher interest rates = higher yields on US bonds/T-bills. That attracts foreign money looking for returns. So holding rates steady instead of cutting keeps USD more attractive vs EUR, JPY, etc.
If they’d cut rates, USD would usually weaken because the “yield advantage” shrinks.

*2. “Strong economy + strong productivity” = USD tailwind*
The green text talks up the economy: solid expansion, strong productivity, investment. Markets read that as “US doesn’t need emergency rate cuts”. A resilient US economy supports USD because it reduces recession risk vs other countries.

*3. “Will deliver price stability” = hawkish tone*
That new line is Fed-speak for “we’re serious about killing inflation”. Hawkish = pro-higher rates/longer hold. That’s USD bullish short term because traders price in rates staying higher for longer.

*4. But 3 dissenters = USD uncertainty*
1 member wanted a rate cut NOW. 3 others didn’t like the “easing bias” language. Translation: the Fed isn’t unified. If more members flip to the “cut soon” camp, USD could weaken fast because markets will bet on lower rates ahead.

*Net effect for USD pairs like USD/NGN:*
Short term: Slightly bullish. Hold + hawkish language props up USD.
Medium term: Depends on inflation + jobs data. If inflation keeps falling, the dissenters might win and USD softens. If inflation stays hot, Fed holds and USD stays firm.

🚨 The market is moving as if the rate has increased, Be careful, it's a game.

#USD #Gold

#Stocks rebound after hawkish Fed sell-off on Iran deal hops

#USD 🔺 extends gains on hawkish Fed and good retail sales

#EUR 🔻 tumbles on weaker current account

#GBP 🔻 BoE leaves rates steady, stronger jobs data

#CHF 🔻 SNB leaves rates unchanged

#NZD 🔻 tumbles despite stronger GDP

🚨 United States Weekly Unemployment Insurance Claims Index

Actual 226K🔺
Expected 225K
Previous 229K

🚨 Continuing Unemployment Claims Index
Actual 1810K🔺
Expected 1800K
Previous 1795K

🚨 Philadelphia Business Index Monthly Changes for June

Actual 10.3🔺
Expected 10
Previous number -0.4

Iran has reportedly suspended the entire 60-day negotiation period with the US, citing Israeli attacks on southern Lebanon as a breach of the MOU’s first clause, less than 24 hours after signing.

Iran’s delegation was preparing to depart for Switzerland before the trip was called off, and talks remain suspended until Israeli attacks stop and the US adheres to first-clause obligations.

#Stocks 🔻 Iran-US ceasefire at risk with today's Swiss talks canceled

#USD 🔄 US stock markets closed for Juneteenth holiday

#CAD 🔻 weaker retail sales

#GBP 🔺 stronger retail sales

#JPY 🔺 stronger inflation data

#NZD 🔻 tumbles on weaker trade

THE STRAIT OF HORMUZ HAS BEEN CLOSED!

OIL WILL GAP UP TOMORROW NIGHT

🚨 JUST IN: Trump says Iran will not impose tolls on vessels in the Strait of Hormuz for 60 days.

He states there will be no tolls during the ceasefire period and none afterward unless imposed by the US.

🚨 US issues Iran a general license for oil trade through August 21

The US has authorized the production, delivery, and sale of Iranian-origin oil, petrochemical, and petroleum products until August 21. This marks the official return of Iranian oil to global markets for the first time since 2018.

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💱 Global Rate Cut Cycle Ends as Central Banks Balance Hikes and Cuts

In May, 26 central banks hiked rates and 26 cut rates among 52 worldwide, ending two years of more cuts than hikes each month.

The last balance was in early 2021 before three years of restrictive policy. The gap peaked mid-2022, with 28 more hikes than cuts.

Last week, the European Central Bank raised rates by 25 basis points to 2.25%, its first hike since September 2023. On Tuesday, the Bank of Japan raised rates by 25 basis points to 1.0%, the highest since 1995.

These moves signal the start of a global tightening cycle.

$1 trillion erased from the stock market today as the dollar index $DXY hits a 13-month high.

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You need to wait for your setup.

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