{"id":134112,"date":"2026-06-26T14:58:04","date_gmt":"2026-06-26T11:58:04","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=134112"},"modified":"2026-06-26T15:01:10","modified_gmt":"2026-06-26T12:01:10","slug":"markets-reconsidering-their-direction","status":"publish","type":"post","link":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/","title":{"rendered":"Markets reconsidering their direction"},"content":{"rendered":"

USD Bulls take a break<\/strong><\/h2>\n\n\n\n

USD bulls took a break yesterday as the PCE rates for May came in as expected. The combination of the data with the falling oil prices, tended to ease market worries for the US inflation outlook and hawkishness of the Fed. NY Fed President Williams sounded dovish yesterday as he stated that rate policy is well positioned to lower price pressures, yet Chicago Fed President Goolsbee insists that core inflation is too high and is moving to the wrong direction. It should be noted that even the acceleration of the final GDP rate for Q1 failed to excite traders. It\u2019s expected to be an easy going Friday, with only few high impact US financial releases in the calendar, hence we expect fundamentals to lead the markets. In any case we consider the Fed\u2019s intentions to be still the main fundamental issue for the USD and any hawkish signals could support the greenback.<\/p>\n\n\n\n

Oil prices halt their drop<\/strong><\/h2>\n\n\n\n

Oil prices halted their drop yesterday as doubts were raised for the peace process in the Middle East given also that a projectile hit a ship off the coast of Oman. We still view the halting as temporary and given the resumption of oil shipments through the Straits of Hormuz, we expect bearish tendencies to be renewed on oil prices on a fundamental level.<\/p>\n\n\n\n

US tech shares drag equities lower<\/strong><\/h2>\n\n\n\n

US tech shares continued to lose ground with Nasdaq ending the reds. S&P 500 also dropped while Dow Jones tended to remain relatively stable yesterday. We also highlight that Apple\u2019s share price suffered losses yesterday as it announced price hikes, on MacBooks and iPads, blaming the increasing cost of chips. Despite the price rises not affecting the company\u2019s main cash cow, the iPhone, at least not yet, investors are worried for a possible adverse effect on the company\u2019s revenue figure.<\/p>\n\n\n\n

Gold\u2019s price stabilises for now<\/strong><\/h2>\n\n\n\n

Gold\u2019s price tended to stabilise yesterday as the USD edged lower in the FX market. The market\u2019s reaction on gold\u2019s price is another indication that the negative correlation of the gold with the USD is still active. Should we see market\u2019s worries for the Fed\u2019s hawkish intentions be renewed, we may see gold\u2019s price losing ground once again and vice versa.<\/p>\n\n\n\n

Other highlights for today<\/strong><\/strong><\/h2>\n\n\n\n

Today we get the US final UoM Consumer Sentiment for June, while the Fed\u2019s Minneapolis Kashkari speaks. In Monday\u2019s Asian session, RBA Assistant Governor Kent and BoE Chief Economist Pill speak. <\/p>\n\n\n\n

Charts to keep an eye out<\/strong><\/h2>\n\n\n\n

USD\/JPY<\/u><\/strong> stabilised and despite a weakening USD, failed to materially drop remaining above the 160.50 (S1) support line marking 40 year highs. We maintain a bullish outlook for the pair and intend to keep it as long as the upward trendline guiding it remains intact. Yet the RSI indicator is above the reading of 70, implying that the pair is in overbought levels and could correct lower. Also the possibility of a market intervention by BoJ to the Yen\u2019s rescue should not be underestimated. Should the bulls continue to lead the pair we may see USD\/JPY aiming if not reaching the 76.60 (R1) resistance level. Should the bears take over we may see the pair breaking initially the upward trendline guiding it in a first signal that the upward trendline has been interrupted, continue lower to break 160.50 (S1) line and start aiming for the 157.50 (S2) support level.\u0e17\u0e2d\u0e07<\/strong>\u2019s price action tended to stabilise yesterday forcing us to readjust the first support line at 3960 (S1). Despite the stabilisation we remain bearish for the gold\u2019s price and consider the stabilisation as temporary. We note that the RSI indicator remains near 30, implying a strong bearish market sentiment, which could drag gold\u2019s price lower. Should the bears remain in control, gold\u2019s may break the 3960 (S1) support line. Clearly and start aiming for the 2600 (S2) support level. Should the bulls take over, we may see gold\u2019s price reversing course, aiming for the 4380 (R1) resistance line.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

USD\/JPY Daily Chart<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
    \n
  • Support: 160.50 (S1), 157.50 (S2), 155.00 (S3)<\/li>\n\n\n\n
  • Resistance: 164.40 (R1), 168.00 (R2), 171.60 (R3)<\/li>\n<\/ul>\n\n\n\n

    XAU\/USD Daily Chart<\/strong><\/strong><\/h2>\n\n\n\n
    \"\"<\/figure>\n\n\n\n
      \n
    • Support: 3960 (S1), 3600 (S2), 3250 (S3)<\/li>\n\n\n\n
    • Resistance: 4380 (R1), 4770 (R2), 5245 (R3)\u00a0<\/li>\n<\/ul>\n\n\n\n

      Disclaimer<\/strong>: This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"

      USD Bulls take a break USD bulls took a break yesterday as the PCE rates for May came in as<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-134112","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\nMarkets reconsidering their direction | Forex blog - IronFX\u2122<\/title>\n<meta name=\"description\" content=\"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/th\/wp-json\/wp\/v2\/posts\/134112\/\" \/>\n<meta property=\"og:locale\" content=\"th_TH\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets reconsidering their direction\" \/>\n<meta property=\"og:description\" content=\"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-26T11:58:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-26T12:01:10+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Markets reconsidering their direction\",\"datePublished\":\"2026-06-26T11:58:04+00:00\",\"dateModified\":\"2026-06-26T12:01:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/\"},\"wordCount\":744,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"th\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/\",\"url\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/\",\"name\":\"Markets reconsidering their direction | Forex blog - IronFX\u2122\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#website\"},\"datePublished\":\"2026-06-26T11:58:04+00:00\",\"dateModified\":\"2026-06-26T12:01:10+00:00\",\"description\":\"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/#breadcrumb\"},\"inLanguage\":\"th\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/markets-reconsidering-their-direction\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets reconsidering their direction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\""Our Introducing Brokers program offers competitive conditions tailored to our partners' needs. Become an IB and enjoy the highest market rebates."\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"th\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#organization\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"url\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"th\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"contentUrl\":\"\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/ironfx-forex-trading.jpg\",\"width\":1200,\"height\":627,\"caption\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ironfxcn.com\\\/th\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\",\"name\":\"IronFX Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"th\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g\",\"caption\":\"IronFX Team\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Markets reconsidering their direction | Forex blog - IronFX\u2122","description":"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ironfx.com\/th\/wp-json\/wp\/v2\/posts\/134112\/","og_locale":"th_TH","og_type":"article","og_title":"Markets reconsidering their direction","og_description":"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.","og_url":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/","og_site_name":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX","article_published_time":"2026-06-26T11:58:04+00:00","article_modified_time":"2026-06-26T12:01:10+00:00","author":"IronFX Team","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/#article","isPartOf":{"@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/"},"author":{"name":"IronFX Team","@id":"https:\/\/www.ironfxcn.com\/th\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1"},"headline":"Markets reconsidering their direction","datePublished":"2026-06-26T11:58:04+00:00","dateModified":"2026-06-26T12:01:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/"},"wordCount":744,"publisher":{"@id":"https:\/\/www.ironfxcn.com\/th\/#organization"},"articleSection":["Uncategorized"],"inLanguage":"th"},{"@type":"WebPage","@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/","url":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/","name":"Markets reconsidering their direction | Forex blog - IronFX\u2122","isPartOf":{"@id":"https:\/\/www.ironfxcn.com\/th\/#website"},"datePublished":"2026-06-26T11:58:04+00:00","dateModified":"2026-06-26T12:01:10+00:00","description":"USD Bulls take a break, Oil prices halt their drop, US tech shares drag equities lower, Gold\u2019s price stabilises for now.","breadcrumb":{"@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/#breadcrumb"},"inLanguage":"th","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ironfxcn.com\/th\/markets-reconsidering-their-direction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ironfxcn.com\/th\/"},{"@type":"ListItem","position":2,"name":"Markets reconsidering their direction"}]},{"@type":"WebSite","@id":"https:\/\/www.ironfxcn.com\/th\/#website","url":"https:\/\/www.ironfxcn.com\/th\/","name":"\u0e42\u0e0b\u0e25\u0e39\u0e0a\u0e31\u0e48\u0e19\u0e1c\u0e39\u0e49\u0e41\u0e19\u0e30\u0e19\u0e33\u0e42\u0e1a\u0e23\u0e01\u0e40\u0e01\u0e2d\u0e23\u0e4c (IB) \u0e41\u0e1a\u0e1a\u0e04\u0e23\u0e1a\u0e27\u0e07\u0e08\u0e23\u0e17\u0e35\u0e48 IronFX","description":""Our Introducing Brokers program offers competitive conditions tailored to our partners' needs. Become an IB and enjoy the highest market rebates."","publisher":{"@id":"https:\/\/www.ironfxcn.com\/th\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ironfxcn.com\/th\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"th"},{"@type":"Organization","@id":"https:\/\/www.ironfxcn.com\/th\/#organization","name":"\u0e42\u0e0b\u0e25\u0e39\u0e0a\u0e31\u0e48\u0e19\u0e1c\u0e39\u0e49\u0e41\u0e19\u0e30\u0e19\u0e33\u0e42\u0e1a\u0e23\u0e01\u0e40\u0e01\u0e2d\u0e23\u0e4c (IB) \u0e41\u0e1a\u0e1a\u0e04\u0e23\u0e1a\u0e27\u0e07\u0e08\u0e23\u0e17\u0e35\u0e48 IronFX","url":"https:\/\/www.ironfxcn.com\/th\/","logo":{"@type":"ImageObject","inLanguage":"th","@id":"https:\/\/www.ironfxcn.com\/th\/#\/schema\/logo\/image\/","url":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","contentUrl":"\/wp-content\/uploads\/2021\/07\/ironfx-forex-trading.jpg","width":1200,"height":627,"caption":"Complete Turnkey Introducing Brokers (IB) Solution at IronFX"},"image":{"@id":"https:\/\/www.ironfxcn.com\/th\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.ironfxcn.com\/th\/#\/schema\/person\/6727476356d10030d1564b38f6e699b1","name":"IronFX Team","image":{"@type":"ImageObject","inLanguage":"th","@id":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/92d752eefdd58f84a80c87c45e25d421800364fdd26cd623e15031af029eebef?s=96&d=mm&r=g","caption":"IronFX Team"}}]}},"_links":{"self":[{"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/posts\/134112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/comments?post=134112"}],"version-history":[{"count":3,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/posts\/134112\/revisions"}],"predecessor-version":[{"id":134130,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/posts\/134112\/revisions\/134130"}],"wp:attachment":[{"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/media?parent=134112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/categories?post=134112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ironfxcn.com\/th\/wp-json\/wp\/v2\/tags?post=134112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}