Market Update
There are times when psychological round number levels are more important than technical chart points in setting trading sentiment.
Two of these levels, US7500 and NAS100 30K, are currently the focus, the former pausing just above it while the latter saw a brief break (with NAS100 always give a little leeway rather than looking for exact chart points).
As noted, if new record highs are not set then dependent on US500 7500 and NAS100 30K holding to keep a bid.
US00 NAS100

Newsquawk Daily US Opening News – 17th June 2026

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Forex Market Snapshot
Few clues from the forex market with the USD trading marginally firmer, except vs the JPY but USDJPY remains above 160.
CHF and NZD are underperforming. EURUSD 1.16 has printed for the 3rd day in a row.
All eyes will be on the FOMC decision, the first under a new Fed president.

Market Update
Limited follow through with EURUSD pivoting 1.16 for the 3rd day in a row, US500 finding support above 7500 (and NAS100 just beloow 30K) and crude oil steadying after a 2 day sell=off.
Ket event today: FOMC decision
US-IRan MOU: Specific detaiuls will not be released until after Friday’;s swigning
EURUSD US500 XTIUSD


COMING UP: Data: Japanese Trade Balance (May), UK Inflation Report (May), ECB Wage Tracker (Jun), EU Inflation Final (May), US Retail Sales (May), Atlanta Fed GDP (Q2), New Zealand GDP (Q1).
Events: Riksbank Policy Announcement, Fed Policy Announcement, BCB Policy Announcement, IEA OMR.
Speakers: ECB’s Cipollone, Lagarde; Riksbank’s Thedeen; Fed’s Warsh. Supply: Australia, Germany.
(Newsquawk)
Newsquawk US Market Wrap: Stocks mixed as tech hits indices while oil continues to slump
SNAPSHOT: Equities mixed, Treasuries up, Crude down, Dollar down, Gold up

U.S. oil reserve falls to lowest level since 1983
By Arathy Somasekhar and Timothy Gardner / Reuters — June 15, 2026
HOUSTON >> Crude oil in the U.S. Strategic Petroleum Reserve fell to 340.3 million barrels, the lowest level since 1983, according to data from the Department of Energy today, signaling tight supplies just as the U.S. and Iran agree on a deal to end the war and open the Strait of Hormuz. …/ .
Crude oil slide… XTIUSD 30 Minute
US Senior official says Iran can sell oil/fuel immediatly after deal is signed, but can only sell oil if they abide by all the points agreed to including not interfering with free flow of navigation in Strait of Hormuz and not obtaining nuclear weapon
Analysis Details
Confirms earlier WSJ report. (Newsquawk)

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