Weekly Outlook | 'Central Bank Super Week' Arrives! Fed Rate Decision Marks Walsh's Debut; Markets Focus on U.S.-Iran Deal; U.S. May Retail Sales Data Due; Hong Kong and U.S. Markets Closed Friday
The G7 summit is being held in France, with executives from Anthropic, OpenAI, and Google planning to attend; China has released key economic data for May, including retail sales, industrial output, and housing prices; a 'central bank super week' is underway, with the Bank of Japan potentially raising interest rates while the Bank of England and the Reserve Bank of Australia are expected to hold rates steady.
No more idle weekend positions! CME Group embraces 24/7 trading, unveiling around-the-clock WTI crude oil and gold futures contracts.
CME Group plans to launch 24/7 trading for WTI crude oil and gold futures contracts.
When will the U.S.-Iran agreement be signed? Trump stated it is scheduled for the 14th; Iran denied this but did not rule out signing within the next few days.
U.S. President Trump stated that the United States and Iran are scheduled to sign an agreement on the 14th, and the Strait of Hormuz will be opened immediately after the signing. However, Iran denied the report. Additionally, it was revealed that the U.S. military had previously drawn up a plan to seize Iran's enriched uranium. Trump said that once the situation stabilizes, the United States will act at an appropriate time.
U.S.-Iran deal nears conclusion: Pakistani officials say Iran and the U.S. have agreed on the text; U.S. officials say there is no 100% certainty it will be signed; Iranian Foreign Minister says it could be signed remotely within days.
Trump first claimed on social media that Iranian media reports about the draft agreement were inconsistent with the facts, then reposted a statement by Iran’s Foreign Minister saying Tehran and Washington had never been closer to reaching a deal. The Iranian Foreign Ministry stated that Iran and the U.S. have already reached understandings on most issues, that Iran is currently reviewing the draft and is in the final stage of its internal review process, and that it expects to jointly issue a statement with Oman soon regarding the management of the Strait of Hormuz. Different sources have revealed varying versions of the agreement, differing notably on issues such as control of the Strait, nuclear matters, the unfreezing of Iranian funds, and war reparations. According to U.S. media, American officials said there is an 85% probability the agreement will be signed; upon signing, a 60-day technical negotiation period would commence, during which Iran would commit to permanently abandoning its nuclear program an
June 12 U.S. Market Update: Support and Resistance Levels for 18 Instruments (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and Ten Major Currency Pairs)
Support and resistance levels as of the U.S. market close on June 12 for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), and the following major currency pairs: U.S. Dollar Index, EUR, GBP, JPY, CHF, AUD, CAD, and NZD.
Express News | Iran denied reports that it would sign an agreement in Geneva on Sunday.
Report: The U.S. and Iran will reach a peace agreement during next week's G7 meeting, and the Strait of Hormuz may reopen within 30 days.
It is reported that the United States and Iran may reach an agreement in the form of a Memorandum of Understanding (MOU) around the time of the G7 summit, which could include arrangements such as reopening the Strait of Hormuz, lifting sanctions, troop withdrawals, and unfreezing assets.
WPIC: Investment demand declined, leading platinum market to post its first supply surplus in six quarters.
In the first quarter of 2026, the market experienced oversupply due to a decline in investment demand: initially, platinum prices retreated after an earlier surge, dampening buyer sentiment; later, renewed tensions between the U.S. and Iran toward quarter-end heightened inflation and interest rate hike expectations, further suppressing investment demand.
Express News | The United States and Iran have reached agreement on the text of a memorandum of understanding, which still requires final signature.
Reversed within just a few hours! Trump says plans to strike Iran have been canceled, agreement largely finalized, and may be signed in Europe this weekend.
Trump posted that U.S.-Iran negotiations have been approved by Iran’s Supreme Leader, and the final terms have been approved by relevant parties including the U.S. and Israel. He added that the U.S. maritime blockade on Iran will remain in place until the agreement is finalized. Iranian media later stated that Iran has not yet approved any agreement text. Following Trump’s post, crude oil prices turned lower, at one point falling nearly 4%. Trump hinted that a major deal could be finalized within days, saying the Strait of Hormuz would be reopened immediately upon signing the agreement. The three major U.S. stock indices hit new daily highs, each rising at least 2%. Iran responded firmly to Trump’s earlier threats on Thursday of severe strikes and his remarks about seizing islands, warning that any further U.S. attack would trigger an even harsher response and that any miscalculation by the enemy would provoke retaliation beyond imagination.
U.S. Precious Metals Industry Coalition Urges Congress to Advance SILVER Act to Address Critical Infrastructure Concentration & National Security Risks
Trump: Iran will be dealt a heavy blow tonight, and Kharg Island will be captured 'in the near future.'
Trump stated that the United States would launch a 'fierce strike' against Iran that evening. In the near future, the U.S. would seize Kharg Island and other oil infrastructure, gaining full control over Iran's oil and gas markets. Analysts warned that capturing Kharg Island would signify a major escalation, requiring ground troop involvement and exposing U.S. forces to significant casualty risks.
U.S. Market Support and Resistance Levels Updated on June 11: Support and Resistance Levels for 18 Instruments (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and Ten Major Currency Pairs)
Support and resistance levels as of the U.S. market close on June 11 for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), and the following major currency pairs: U.S. Dollar Index, EUR, GBP, JPY, CHF, AUD, CAD, and NZD.
91 trading days to a 'lightning-fast bear market'! Why did gold collapse?
① On Wednesday, Comex gold futures closed at their lowest level of the year—marking their first official entry into a bear market in four years; ② What struck many precious metals traders as particularly ironic was that this occurred precisely amid growing uncertainty over the prospects of war in the Middle East, even as investors continued to seek safer havens for their capital.
Having repeatedly emphasized being 'close to a deal,' Trump has now shifted to a 'tougher stance'—can he break the U.S.-Iran stalemate of 'neither war nor peace'?
The immediate trigger for this U.S. military strike was Iran's downing of a U.S. Apache attack helicopter, while the deeper cause lies in Trump's mounting frustration over Iran’s failure to respond to his proposals for nearly two weeks. The United States and Iran have been locked in a back-and-forth cycle of military exchanges and diplomatic maneuvering: Trump has declared 38 times that a deal is 'imminent,' only for negotiations to repeatedly collapse—further undermined by Israel’s timely interference. This exhausting cycle of threats, de-escalation, and deadlock is now pushing global energy markets toward a new tipping point.
Trump threatened 'very fierce' strikes, Iran warned of a stronger response, and the defense minister stated that military action is 'far from over.'
Trump expressed dissatisfaction with the slow progress in U.S.-Iran negotiations and did not rule out attacking Iranian civilian infrastructure, claiming Tehran has been deliberately stalling. He stated Iran "only needs to sign a document," asserting that the relevant terms have been "fully agreed upon." The U.S. military has "secretly" assisted more than 200 commercial vessels in transiting the Strait of Hormuz. Israel’s Defense Minister warned that if Iran launches an attack, Israel will deliver a "heavy response." In response to Trump’s remarks about targeting infrastructure, Iranian military officials stated they would respond to every U.S. threat with greater destructiveness than before. According to Iranian sources, a U.S. military strike has disrupted water supply for over 20,000 Iranians.
June 10 U.S. Market Update: Support and Resistance Levels for 18 Instruments (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and Ten Major Currency Pairs)
Support and resistance levels as of the U.S. market close on June 10 for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), and the following major currency pairs: U.S. Dollar Index, EUR, GBP, JPY, CHF, AUD, CAD, and NZD.
U.S. CPI in May met expectations, while core CPI rose at a slower-than-expected monthly pace, leading traders to reduce bets on Federal Reserve rate hikes.
Amid heightened tensions in the Middle East, U.S. CPI rose year-over-year to a high of 4.2%, with energy inflation particularly severe. While headline inflation increased, core CPI unexpectedly slowed, sending a positive signal that the war-related inflation peak may have already passed…
Trump warned Iran that it would 'pay a price' for delay, as Israel may launch another strike!
Trump announced that Iran's military forces have been completely defeated, and U.S.-Iran tensions have officially entered a phase of 'maximum military pressure.' As a result, international oil prices surged sharply, gold and silver prices retreated significantly, and Middle East geopolitical risk premiums instantly reshaped market valuation logic.
US-Iran peace talks disrupted again? US military strikes Iran once more; Trump calls action 'very tough'
① Tensions between the U.S. and Iran escalated further on Tuesday, with explosions reported in multiple locations in southern Iran and the U.S. military claiming it had launched retaliatory strikes against Iran; ② U.S. President Trump stated that the action was in response to Iran shooting down a U.S. military helicopter; ③ Meanwhile, the U.S. side believes the strikes will not disrupt the negotiation process.