IEA sees 'significant overhang' in oil market next year.It may be a bit quick to assume a resumption to normality but the IEA is of the view that a supply glut will return to the market soon enough.

Brent Crude Oil: Decline Amid US–Iran Ceasefire.The easing of geopolitical tensions in the Persian Gulf following the announcement of a ceasefire between the US and Iran on 14 June remains the main factor weighing on the oil market in recent days. Market participants are increasingly pricing in a scenario of a resumption of full-scale supplies through the Strait of Hormuz in the near future.

ECB policymaker Simkus: Sees at least one more rate hike to cap inflation expectations.ECB policymaker Simkus: Sees at least one more rate hike to cap inflation expectations

New Zealand Dollar declines as market caution emerges ahead of Fed policy decision.New Zealand Dollar declines as market caution emerges ahead of Fed policy decision

Market sentiment remains cautious as Fed meeting takes centre stage.Markets adopted a cautious stance during the European morning session on Wednesday as investors prepared for the Federal Reserve's monetary policy announcement and assessed a series of geopolitical and economic developments. Investors are also awaiting revisions to May Harmonized Index of Consumer Prices inflation data from Eurostat, while the United States economic calendar is scheduled to feature Retail Sales figures later in the day.

Austria HICP (YoY): 0.7% (May) vs previous 3.4%.Austria HICP (YoY): 0.7% (May) vs previous 3.4%

Austria HICP (YoY) rose from previous 3.4% to 3.7% in May.Austria HICP (YoY) rose from previous 3.4% to 3.7% in May

Euro: ECB pipeline inflation keeps hikes priced – Deutsche Bank.Euro: ECB pipeline inflation keeps hikes priced – Deutsche Bank

Federal Reserve: Warsh era begins with hawkish tilt – Deutsche Bank.Federal Reserve: Warsh era begins with hawkish tilt – Deutsche Bank

Dollar Holds Near Key Levels Ahead of the Fed Verdict.The US dollar remains well supported against most major currencies, although the next phase of its movement will largely depend on the outcome of the Federal Reserve meeting. Investors are adopting a cautious stance ahead of the interest rate decision, the release of updated FOMC economic projections, and Jerome Powell's press conference.

British Pound dips to weekly lows following soft UK inflation figures.British Pound dips to weekly lows following soft UK inflation figures

British Pound-to-Euro Forecast: GBP Edges Lower as UK Inflation Holds Steady.The Pound to Euro (GBP/EUR) exchange rate traded close to €1.1560 on Wednesday as stronger-than-expected UK inflation data helped underpin Sterling, although support for the Euro remained intact following upbeat German economic sentiment figures. At the time of writing, GBP/EUR was trading at €1.1559, with investors balancing the.

Euro strengthens against British Pound after UK CPI data, traders eye BoE rate decision.Euro strengthens against British Pound after UK CPI data, traders eye BoE rate decision

United States Dollar: Rate-driven support into FOMC – BNY.United States Dollar: Rate-driven support into FOMC – BNY

Dollar holds steady as markets await Warsh's first Fed verdict.The US dollar edged lower on Wednesday as investors awaited the Federal Reserve's first policy decision under Chair Kevin Warsh, while optimism surrounding an interim peace agreement between the United States and Iran helped improve market sentiment and reduce demand for traditional safe-haven assets. Currency markets remained largely subdued during the Asian trading session, with traders reluctant to take significant positions ahead of the Federal Reserve's interest rate announcement later in the day.

UK Inflation Holds at 2.8% as Goods Disinflation Offsets Services Pressure.UK inflation data offered some relief ahead of this week's Bank of England meeting, with headline CPI holding steady at 2.8% yoy in May, below expectations for a rise to 3.0% yoy. On a monthly basis, CPI slowed sharply from 0.7% mom to 0.2% mom, also undershooting forecasts of 0.4% mom.

G7 leaders welcome US-Iran deal announcement.The comments are pretty much as you would expect. A lot of politicking but no real sense of action to really change things in the geopolitical scene in both the Middle East and Russia-Ukraine.

Riksbank and Fed Expected to Stay on Hold, with Focus on First Warsh-Led Meeting.In the US, new Fed Chair Kevin Warsh will hold his first press conference following the FOMC meeting. We expect the policy rate to remain unchanged at 3.75%, in line with market pricing.

Natural Gas and Oil Forecast: WTI Under $76 While Brent Tests $78 — NatGas Bullish Continuation?.With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $68.50, Brent tests channel floor at $78.60, and NatGas holds $3.170.

Oil Bears Take Control as Hormuz Optimism Hits the Market.Crude oil extends weekly losses past 7% as Hormuz reopening optimism outpaces actual supply flows, pushing WTI toward a criti.

Indonesian Rupiah struggles as traders adopt caution ahead of Fed decision.Indonesian Rupiah struggles as traders adopt caution ahead of Fed decision

Euro sticks to positive bias above 1.1600 as bulls await Fed rate decision.Euro sticks to positive bias above 1.1600 as bulls await Fed rate decision

AUD/JPY Price Forecast: Constructive bias prevails above 113.00, but neutral RSI spurs consolidation.AUD/JPY Price Forecast: Constructive bias prevails above 113.00, but neutral RSI spurs consolidation

DOW Hits Record High as Falling Oil Prices Offset Fed Fears.The DOW is sending a very different message from the rest of Wall Street. While the S&P 500 and NASDAQ spent much of the past two sessions showing signs of caution ahead of today's FOMC rate decision, the DOW Jones Industrial Average pushed to a new record high.

investingLive Asia-Pacific FX news wrap: US weighs navy, insurance moves to transit Hormuz.Markets drifted towards the North American session in a holding pattern, with the Federal Open Market Committee decision the dominant event risk and traders reluctant to extend positions ahead of new Fed Chair Kevin Warsh's first major policy test at the podium.

PBOC's Pan: Will act if money market overnight rate persistently deviates from operation rates.PBOC's Pan: Will act if money market overnight rate persistently deviates from operation rates

Rupee supported by oil slump, capped by Asian weakness in run-up to Fed.The Indian rupee is likely to open marginally higher on Wednesday, aided by a further drop in oil prices, though weakening in ​Asian currencies ahead of the Fed decision may cap the ‌advance.

EUR/JPY Price Forecast: Could rebound toward 186.50 as bullish bias prevails.EUR/JPY Price Forecast: Could rebound toward 186.50 as bullish bias prevails

US Dollar Index weakens to near 99.50 on US‑Iran peace deal optimism ahead of Fed rate decision.US Dollar Index weakens to near 99.50 on US‑Iran peace deal optimism ahead of Fed rate decision

China to issue CNY 300bln bonds to boost bank capital as local debt tackled.The CNY 300 billion special bond announcement is the most market-concrete element of the statement and signals Beijing is moving from acknowledging bank capital stress to actively addressing it. Chinese bank stocks, particularly mid-tier and regional lenders most exposed to local government financing vehicles, may find near-term support on the recapitalisation signal.