Monthly Archives: June 2026
41654156156Chart the Market (24/06/2026)
Written on June 24, 2026 at 7:36 am, by pumarketings
NZDUSD, H4: NZD/USD has broken below the key support level at 0.5675, reinforcing the prevailing long-term bearish trend and signaling that sellers remain firmly in control of the market. The decisive break beneath this critical support zone represents a significant technical development and suggests that downside momentum is continuing to build. The breakdown confirms aContinue Reading
Crude Oil Slide as US-Iran Diplomacy Eases Supply Concerns
Written on June 24, 2026 at 6:10 am, by pumarketings
Key Takeaways: *Oil prices remained under pressure as progress in US-Iran peace talks eased fears of major supply disruptions. *A temporary sanctions waiver and improving diplomatic relations have raised expectations for increased Iranian crude exports. *The resumption of tanker traffic through the Strait of Hormuz has reduced concerns over shipping bottlenecks and strengthened confidence inContinue Reading
Strong US Dollar Weighs on Gold as Rate Hike Bets Intensify
Written on June 24, 2026 at 6:06 am, by pumarketings
Key Takeaways: *The US dollar strengthened to a 13-month high as markets increased expectations for additional Federal Reserve rate hikes. *Strong US economic data and a resilient labour market have reinforced the view that the Fed can maintain a restrictive monetary policy stance. *Rising Treasury yields and higher-for-longer interest rate expectations continue to provide fundamentalContinue Reading
