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Forex Market Snapshot
Cautious forex trading with the focus on US CPI and headlines from the Middle East.
EURUSD continues to pivot 1.1550, finding some support ahead of an expected ECB rate hike on Thursday.
AUDUSD underperforming. USDJPY remains firm above 160, still wary of pushing too hard given an intervention threat.
US military says Central Command forces began launching self-defence strikes against Iran at 5pm Eastern Time today, strikes are in response to yesterday’s downing of a US Army Apache helicopter (Newsquawk)
Fin XReports in Iran: ‘Iran will respond to the US aggression ▪️ Iran, as it warned a few hours ago, will give a definitive response to the US aggression, which is being carried out under the pretext of the Apache helicopter crash.’
Newsquawk US Market Wrap: Tech sold amid renewed AI fears as Trump touts Iran response
SNAPSHOT: Equities down, Treasuries up, Crude down, Dollar mixed, Gold down
I warned earlier when this story first came out that seeing is believing given so many headliunes that proved not to be accurate.
Stock Market Update: Risk off but?
US500 breaking to a new low while NAS100 is so far not confirming, holding just above its low.
No clues coming from the oil market, which is sliding as well.
BTCUSD and XAUUSD also sliding.
Bottom line: Price action suggests someone needs liquidty as there does not seem to be a specific news behind the moves.
FX option expiries for 9 June 10am New York cut
EUR/USD at the 1.1570 level. The expiries don’t tie to any technical significance but could act as a bit of a ceiling for price action, in the event we do get any price extensions in European trade later. The 100-hour moving average lurks nearby at 1.1580, so that’s an additional layer to limit upside price movements especially with the prevailing market mood.
In ths war with irreconciable differences, seeing is believing but a headline that adds fuel to the hope trade
What happens after a low or high is in?
Once markets assume the bottom (top) is in or at least a pause, the question is whether the subsequent reaction off the low (or high) is a retracement or the start of a reversal of trend.
Levels that caught my eye are lows at EURUSD 1.1500 and US500 (on my CFD feed) 7350.
Use FIBOS for retracement levels and I personally use Amazing Trader charts and logic to identify key game changing or momentum breaking levels
Newsquawk Daily US Opening News – 9th June 2026
(Right click on any image (or chart) to open a full screen in a new tab)
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