🇺🇸 US Pre-Market: Mostly Negative 📉

Negative sentiment is prevailing in the US stock market pre-market, with declines clearly dominating among the largest names by market cap, setting a cautious tone ahead of the open.

In the Information Technology sector, NVIDIA (NVDA) is down 0.66%, Intel (INTC) is down 2.32%, while Microsoft (MSFT) is down 0.69%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.22%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 0.41%, while in the Consumer Staples sector, Walmart (WMT) is down 0.06%.

Pressure is clearly concentrated on the most liquid technology stocks, suggesting a risk-off market backdrop. In the foreign exchange market, this is supporting demand for safe-haven dollar assets and Treasuries, creating moderate short-term potential for the dollar to strengthen.

Gold is finding its footing

Gold has surged at its fastest pace in two months following reports that Donald Trump has called off strikes against Iran. The precious metal extended its rally on news of a deal between Washington and Tehran. With tensions easing, the outlook for Gold is improving. After dropping 18% from its highs and hitting its lowest level since November 2025, investors are once again seeing reasons for optimism.

Since the start of the geopolitical conflict, the precious metal has moved in the opposite direction to oil, so the fall in Brent has allowed gold to find its footing. Higher energy prices heighten the risks of inflation becoming entrenched at elevated levels and increase the likelihood of the Fed tightening monetary policy. This creates a headwind for gold, whilst the end of the conflict in the Middle East becomes a tailwind.

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Dow Jones Wave Analysis – 16 June 2026

Dow Jones: ⬆️ Buy

- Dow Jones broke resistance level 51800.00

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Brent crude oil Wave Analysis – 16 June 2026

Brent crude oil: ⬇️ Sell

- Brent crude oil broke round support level 80.00

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🗓 Economic Calendar at 2026/06/17 (GMT)

06:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 0.4% | 3.0% Actual: 0.2% | 2.8%

06:00 🇬🇧 Core CPI — Exp: 2.7% Actual: 2.6%

06:00 🇬🇧 Retail Price Index — Exp: 0.5% | 3.3% Actual: 0.2% | 3.1%

06:00 🇬🇧 Producer Price Index Input — Exp: 0.5% | 8.8% Actual: 0.2% | 8.7%

10:50 🇪🇺 ECB President Christine Lagarde Speaks

12:30 🇺🇸 ⚡️ Retail Sales — Exp: 0.6% | 0.6% Actual: 0.9% | 0.8%

14:00 🇺🇸 Pending Home Sales — Exp: 0.8% Actual: 3.8% | 4.8%

14:30 🇺🇸 Crude Oil Inventories — Exp: -3600K Actual: -8263K

14:45 🇺🇸 President Donald Trump Speaks

18:00 🇺🇸 ⚡️ FOMC Rate Decision — Exp: 3.75% Actual: 3.75%

18:00 🇺🇸 ⚡️ FOMC Economic Projections

18:00 🇺🇸 ⚡️ FOMC Statement

18:30 🇺🇸 ⚡️ FOMC Press Conference

22:45 🇳🇿 ⚡️ Gross Domestic Product — Exp: 0.9% | 1.1%


[Updated in real time]

EURGBP Wave Analysis – 17 June 2026

- EURGBP reversed from support zone

- Likely to rise to resistance level 0.8725

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Sushiswap Wave Analysis – 17 June 2026

- Sushiswap reversed from support zone

- Likely to rise to resistance level 0.2000

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⚠️ UK — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.7% | 2.8%

🕒 Exp: 0.4% | 3.0%

🎯 Fact.: 0.2% 📉 | 2.8% 📉

Bitcoin at $65.5K: Rebound Stalls at the 61.8% Fibonacci Level

The crypto market capitalisation has remained steady at $2.26T since Tuesday's close. Interestingly, such a lull is not being observed in the foreign exchange or equity markets, which refutes the notion of a lull ahead of the new Fed Chair’s first meeting. It appears the recovery rally has lost momentum near the 61.8% Fibonacci retracement level, and cryptocurrency investors are awaiting fresh signals. Should the market reverse lower, it could return to the $2T range fairly quickly.

Bitcoin has pulled back to $65.5K and is at the centre of the upward trading range within which the rally has been unfolding over the last 11 days. For now, price action fits a relatively positive scenario, although the rapid loss of recovery momentum is noteworthy.

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Gold: Will the Fed settle the matter?

Gold is eagerly awaiting the central bank’s decision.

The rebound in gold prices is due to weaker headwinds.

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⚠️ USA — Retail Sales at 03:00 GMT

✔️ Prev: 0.4% | 0.7%

🕒 Exp: 0.6% | 0.6%

🎯 Fact.: 0.9% 📈 | 0.8% 📈

🇺🇸 US Pre-Market: Mostly Negative 📉

On the day of the Fed's interest rate decision, the US stock market is showing a moderately negative trend in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 0.58%, Advanced Micro Devices (AMD) is up 2.95%, while Microsoft (MSFT) is down 0.64%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.56%.

In the Financials sector, Berkshire Hathaway (BRK.B) is down 0.04%, while JPMorgan Chase (JPM) is down 0.25%.

The predominance of declines among the major tech giants, coupled with mixed trends in the financial sector, is supporting a partial flight from risk toward US dollar-denominated bonds. This creates a short-term foundation for moderate dollar strengthening. However, the scale of the move is constrained by the absence of a clear capital outflow from the US and largely unchanged Fed expectations.

Nikkei 225 Wave Analysis – 17 June 2026

Nikkei 225: ⬆️ Buy

- Nikkei 225 broke resistance zone

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USDJPY Wave Analysis – 17 June 2026

- USDJPY reversed from resistance level 160.500

- Likely to fall to support level 159.00

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⚠️ USA — FOMC Rate Decision at 03:00 GMT

✔️ Prev: 3.75%

🕒 Exp: 3.75%

🎯 Fact.: 3.75%

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⚠️ USA — FOMC Press Conference at 18:30 GMT

🗓 Economic Calendar at 2026/06/18 (GMT)

06:00 🇬🇧 Claimant Count Change — Exp: 25.8K Actual: 31.2K

06:00 🇬🇧 Unemployment Rate — Exp: 5.0% Actual: 4.9%

06:00 🇬🇧 Average Earnings Index — Exp: 4.0% | 3.2% Actual: 4.4% | 3.4%

07:30 🇨🇭 ⚡️ SNB Policy Rate — Exp: 0.00% Actual: 0.00%

07:30 🇨🇭 ⚡️ SNB Monetary Policy Assessment

08:00 🇨🇭 ⚡️ SNB Press Conference

11:00 🇬🇧 ⚡️ Bank of England Interest Rate Decision — Exp: 3.75% Actual: 3.75%

11:00 🇬🇧 ⚡️ MPC Official Bank Rate Votes — Exp: 1-0-8 Actual: 2-0-7

11:00 🇬🇧 ⚡️ MPC Rate Statement

12:30 🇺🇸 Unemployment Claims — Exp: 225K Actual: 226K

12:30 🇺🇸 Philly Fed Manufacturing Index — Exp: 9.8 Actual: 10.3

22:45 🇳🇿 Trade Balance — Exp: 875M

23:30 🇯🇵 ⚡️ National Consumer Price Index

23:30 🇯🇵 National Consumer Price Index Ex-Fresh Food — Exp: 1.4%


[Updated in real time]

⚠️ New Zealand — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.5% | 1.5%

🕒 Exp: 0.9% | 1.1%

🎯 Fact.: 0.8% 📉 | 1.5% 📈