United Kingdom CFTC GBP NC Net Positions fell from previous £-52.2K to £-64.2K

Japan CFTC JPY NC Net Positions declined to ¥-145.8K from previous ¥-129.6K

United States CFTC Oil NC Net Positions fell from previous 155.9K to 130.3K

Eurozone CFTC EUR NC Net Positions down to €13.9K from previous €48.9K

Australia CFTC AUD NC Net Positions fell from previous $41.8K to $18.2K

United States CFTC S&P 500 NC Net Positions up to $-205.6K from previous $-220.8K

United States CFTC Gold NC Net Positions dipped from previous $176K to $173.8K

A senior administration official crossed the wires, revealing that the Iran deal guaranteed long-term peace in the region. The agreement would achieve core US objectives and reopen the Strait of Hormuz.

Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures.

Brown Brothers Harriman’s Elias Haddad highlights strong South Korean asset performance, with South Korean Won (KRW) outperforming and the KOSPI up sharply on AI-led semiconductor strength.

Societe Generale notes that Chinese inflation remains subdued, with May Consumer Price Index (CPI) at 1.2% and core at 1.1%, while PPI has risen to a four-year high, suggesting weak consumer demand and margin pressure.

A Reuters poll found that the Bank of England is projected to keep the Bank Rate at 3.75% at the June 18 meeting, based on a survey of 65 economists.

Scotiabank strategists Shaun Osborne and Eric Theoret note that the British Pound (GBP) is consolidating recent gains around 1.3400, with domestic risk elevated ahead of next week’s CPI, labour data and the Bank of England decision.

ING’s Frantisek Taborsky notes that headlines on a possible end to the US-Iran conflict triggered a risk-on move, helping Central and Eastern European currencies erase recent losses.

Nomura’s European Economics team, led by Andrzej Szczepaniak and colleagues, notes that the ECB delivered a 25bp hike to a 2.25% depo rate and unveiled more hawkish forecasts.

TD Securities economists expect the Bank of England (BoE) to keep Bank Rate at 3.75% with a 7-2 vote as Greene joins Pill in calling for a hike. They highlight persistent inflation pressures, upside risks from energy and airfare, and softer demand.

United States UoM 1-year Consumer Inflation Expectations dipped from previous 4.8% to 4.6% in June

United States UoM 5-year Consumer Inflation Expectation declined to 3.4% in June from previous 3.9%

United States Michigan Consumer Expectations Index came in at 49.3, above forecasts (44.3) in June

United States Michigan Consumer Sentiment Index above expectations (46) in June: Actual (48.9)

National Bank of Canada (NBC) strategists assess how Kevin Warsh may reshape Federal Reserve (Fed) policy.

ING’s Chris Turner notes that a potential US-Iran peace deal has softened the Dollar, but DXY is still holding firm. He highlights that energy supply losses and inflation risks persist unless Oil flows freely through the Strait of Hormuz.

Nordea’s Jan von Gerich highlights that the ECB delivered a widely expected 25bp hike and is likely to continue tightening, with the next move expected in July. He argues that broadening inflation pressures mean lower energy prices alone will not ease ECB concerns.

Canada Capacity Utilization remains unchanged at 78.5% in 1Q

Commerzbank’s Bernd Weidensteiner and Christoph Balz argue that Kevin Warsh’s first Federal Reserve meeting is unlikely to deliver an immediate rate cut, given elevated PCE inflation and a still‑solid labor market.

India Bank Loan Growth climbed from previous 16.2% to 17.7% in May 18

Iran’s IRNA news agency releases the major terms of the Memorandum of Understanding (MoU) discussed with the United States (US). Earlier a report from Bloomberg showed that the MoU will be signed in Geneva on Sunday.

Nordea’s Jan von Gerich expects Kevin Warsh’s first FOMC meeting on 17 June to deliver a more neutral policy stance, with earlier projected rate cuts likely removed from the dot plot and some hike calls appearing.

The University of Michigan (UoM) will release the preliminary estimate of June’s Consumer Sentiment Index on Friday.

Deutsche Bank’s European economists highlight that the ECB delivered its first rate hike since 2023, lifting the deposit rate to 2.25% and pairing it with hawkish messaging from President Lagarde.