If this report proves to be an accurate assessment, it is hard to have confidence in peace talks making progress.

(Right click on any image (or chart) to open a full screen in a new tab)
Forex Market Snapshot
The USD is starting 2H26 on a firmer note as higher yields give some support.
USDJPY cautiously extending its high amid more verbal intervention. GBP is down slightly but an overperformer as EURGBP tests .8600. Softer EU HICP may be weighing on the EUR.
Otherwise all eyes on geopolitics and looking ahead to tomorrow’s NFP ahead of a 3-day US holiday weekend.


COMING UP: Data: Japanese Tankan Survey (Q2), Consumer Confidence (Jun), Global S&P Manufacturing PMI Final (Jun), EU Inflation Prelim. (Jun), US Challenger Job Cuts (Jun), ADP Employment Change (Jun), ISM Manufacturing PMI (Jun), Atlanta Fed GDP (Q2).
Speakers: ECB’s Vujcic, Cipollone, Lane, Lagarde; Fed’s Warsh; BoE’s Bailey; BoC’s Macklem.
Supply: Australia, UK, Germany.(NewsquaWK)
Newsquawk US Market Wrap: Stocks bid on quarter end while bonds fall as focus shifts to data
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar flat, Gold flat.
REAR VIEW: US JOLTS top expectations; US Consumer Confidence misses; Fed’s Hammack said may need to consider hikes with inflation too high; Chinese NBS PMIs beat; Softer-than-expected French & German inflation; Trump admin reportedly plans to pay smaller meatpackers to keep slaughtering cattle; Iran’s Ghalibaf stated current meetings held by Iran are aimed at fulfilling MoU commitments.
Market Update: Month end weighed on USD (except JPY), stocks up, Gold consolidating, oil rally fizzled
With the fixing over EURUSD demand dried up after a pause below 1.1439. Limited downside though as long as it stays above 1.,14
Is the low in for XAUUSD? A move above 4100 would be needed for bulls to see a potential light at the end of the downtrend tunnel and shift focus from 4000.
4 HOUR CHARTS
EURUSD XAUUSD XTIUSD

Little reaction…
Iran and US-allied Oman are moving forward with plans to collect payment for ships transiting the Strait of Hormuz, despite public American objections, according to NYT citing sources
BofA stays bearish on S&P 500, says take profits in growth and rotate into large-cap value (full report on Newsquawk.com: Try free for 7 days
BofA says equity hedging may explain JPY weakness, sees risk-reward favouring long JPY (full report on Newsquawk: Try free for 7 days)
Newsquawk Daily US Opening News – 30th June 2026
© 2024 Global View
