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Gold Options Bearish Positioning Hits Extremes: GLD Put-Call Skew Near Record
The 6-month put-call skew on GLD has risen to 1.03, near its highest since 2017, while the 3-month skew hit a record 1.19, indicating extremely crowded bearish positioning in gold options.
US and Iran Discuss Moving Up Iran Deal Signing
Axios reports that the US and Iran are negotiating to advance the signing of the Iran deal from Friday to as early as today, with an electronic signing and immediate effect on Strait of Hormuz provisions.
US and Iran Discuss Moving Up Iran Deal Signing to Today
The US and Iran are reportedly discussing accelerating the signing of the Iran agreement from Friday to as early as today. If finalized, the MOU would be signed electronically and parts concerning the Strait of Hormuz would take effect immediately.
Record $5.15 Trillion S&P 500 Options Expiry to Fuel Volatility
A record $5.15 trillion in S&P 500 options are set to expire on June 19, the largest monthly expiration ever. The removal of hedging positions tied to geopolitical risks may amplify market swings.
Macron: Trump Acknowledges Russia Unwilling to Make Peace at G7
French President Macron stated that Donald Trump and other G7 leaders recognized Russia's lack of willingness to pursue peace in Ukraine, marking a shift in the U.S. approach.
Macron: G7 Must Regulate AI, Keep Frontier Models from Authoritarian Regimes
French President Emmanuel Macron calls for tighter regulation of the AI sector and warns that advanced AI frontier models must not fall into the hands of authoritarian regimes, urging democratic cooperation.
Japan and Trump reaffirm broad cooperation on security and economy
Japanese official Takaichi stated that after discussions with President Trump, both sides confirmed continued high-quality cooperation across security and economic areas based on a strong trust relationship.
Brent Oil Outlook: Bears May Pause Above 200-Day MA
Brent crude fell over 15% in four days amid a US-Iran peace deal narrative, approaching levels seen at the start of the recent move. The 200-day moving average could provide support for a brief consolidation.
Fed Meeting May Mark Formal End of Easing Bias, Markets Could Be Disappointed
Today's Federal Reserve meeting is expected to signal the formal death of the easing bias, as resilient US economy and rising inflation pressures remove the case for rate cuts. Markets may be disappointed by a hawkish stance.
US Gold Reserves: Fort Knox Holds 60% of Treasury Stockpile
Fort Knox in Kentucky holds approximately 147.3 million troy ounces of gold, representing about 60% of total US government gold reserves. Other major depositories include West Point and Denver.
Sweden May CPIF Inflation Forecast at 2.6% as Oil Drops Below $80
Sweden's CPIF inflation forecast for May stands at 2.6% with constant taxes, while oil prices have fallen below $80 per barrel amid easing Middle East tensions, though geopolitical risks persist.
ECB's Sleijpen Says Repeat of 2022 Inflation Less Likely but Risk Remains
European Central Bank policymaker Olaf Sleijpen indicated that a repeat of the 2022 inflation spike is less probable, but the possibility cannot be entirely dismissed.
Fed voters show hawkish tilt, limiting scope for Warsh's rate-cut push
According to FXStreet's Speech Tracker, most FOMC voters are hawkish or leaning hawkish, with 6 of 11 scoring 6.0 or higher. This suggests strong internal resistance to aggressive easing, even if nominee Warsh pushes for cuts.
US Retail Sales Surge 0.9% MoM in May, Beating Expectations
US retail sales rose 0.9% month-over-month in May to $763.7 billion, exceeding the 0.5% forecast and accelerating from the prior month's 0.5% gain. Year-over-year sales were up 6.9%.
LME and Shanghai Futures Exchange to Launch LME-Listed Flat Steel Futures
The London Metal Exchange (LME) has signed an agreement with the Shanghai Futures Exchange (SHFE) to launch an LME-listed futures contract offering exposure to the SHFE flat steel market for participants outside China.
Societe Generale Sees Diverging Oil Normalization After US-Iran Deal
Societe Generale analysts note that Brent oil prices are normalizing after the US-Iran deal, but highlight differing adjustments across spot, volatility, and options markets.
Gold Awaits Fed Decision as USD Retreats on Geopolitical Easing
The US Dollar continues to decline amid easing geopolitical risks and fading concerns over Kevin Warsh's dovish stance. Trump claims the Iran agreement is finalized, pushing Brent below $80 and boosting US stocks, while gold markets await the Fed's next move.
Silver Falls to $69.70, Down 0.47% on Wednesday
Silver prices declined on Wednesday, trading at $69.70 per troy ounce, a drop of 0.47% from the previous close of $70.03, according to FXStreet data.
Oil Plunge Below $80 Reshapes Fed Inflation Risk View – MUFG
MUFG’s Derek Halpenny notes that Brent crude falling below $80 and a 30% monthly drop have significantly lowered near-term inflation risks for the Fed.
Slovak Economy Enters 2026 with Subdued Growth
The Slovak economy started 2026 with weak growth, as household consumption increased only moderately and investment posted a sharp decline. Full-year economic expansion is expected to remain subdued.
WTI Holds Losses Near $75.60 on Easing Supply Concerns
West Texas Intermediate crude oil prices remain subdued for a fifth consecutive session, trading around $75.60 per barrel as easing supply concerns weigh on the market.
WTI Crude Extends Losses, Closes Below 200-Day EMA
WTI crude oil continued its decline on Tuesday, falling below the 200-day exponential moving average for the first time since February as geopolitical risk premiums diminish.
Brent Breaks Below 200-Day Moving Average – SocGen
Societe Generale notes Brent crude has broken below its 200-day moving average near $78.4, with prices now 38% off their peak yet still 10% above pre-war levels.
ECB's Simkus Sees at Least One More Rate Hike to Curb Inflation
European Central Bank policymaker Gediminas Šimkus stated that additional rate hikes are likely needed to contain inflation risks.