Crypto markets spent the weekend within the pink as hopes for a peace deal between the US and Iran stay fragile.
US fairness market futures have opened decrease as traders await particulars of US-Iran talks in Switzerland, in keeping with the Kobeissi Letter.
In the meantime, President Trump has ramped up the rhetoric once more, posting on Fact Social on Sunday:
“Iran should instantly cease their extremely paid proxies in Lebanon from inflicting hassle. In the event that they don’t, we’ll hit Iran very exhausting once more, similar to we did final week, solely more durable!!!”
Financial Occasions June 22 to 26
The week kicks off with June’s S&P World PMI knowledge on Tuesday, and Might’s new house gross sales figures are out on Wednesday.
Nevertheless, all eyes are on the Might Private Consumption Expenditures (PCE) report, the Federal Reserve’s most popular inflation measure, due on Thursday.
The information follows final week’s FOMC assembly, the place policymakers held rates of interest regular whereas signaling a extra inflation-focused financial coverage stance.
If PCE is available in hotter than anticipated, which is probably going on condition that power costs are rising, markets might value in fewer price cuts, and threat belongings could face strain.
“The June FOMC assembly, with half of the committee leaning towards a tighter coverage path, despatched a hawkish jolt by way of markets,” stated Bloomberg analysts.
“Regardless that Warsh didn’t submit his personal dot for the dot plot, his tone on the information convention appeared notably hawkish to us. A scorching PCE inflation studying will doubtless reinforce that hawkish message.”
The present odds for a price hike on the Fed’s subsequent assembly in late July are round 40%, in keeping with the CME Fed Watch software.
Extra financial knowledge follows on Thursday with the US first-quarter GDP report, shedding mild on the speed of financial progress.
June’s Michigan shopper sentiment knowledge and inflation expectations knowledge are due out on Friday, rounding off a busy week for financial experiences.
Key Occasions This Week:
1. June S&P World PMI knowledge – Tuesday
2. Might New House Gross sales knowledge – Wednesday
3. Might PCE Inflation knowledge – Thursday
4. US Q1 2026 GDP knowledge – Thursday
5. June MI Client Sentiment knowledge – Friday
6. June MI Inflation Expectations knowledge – Friday
The…
— The Kobeissi Letter (@KobeissiLetter) June 21, 2026
Crypto Market Outlook
Crypto markets spent the weekend largely flat, with whole capitalization hovering round $2.3 trillion. Extra volatility is predicted this week, and the trail of least resistance is downwards.
Bitcoin has been buying and selling tightly round $64,000, the place it’s on the time of writing on Monday morning in Asia. There was a fast dip in direction of $63,000, but it surely recovered rapidly. The weekly shut was at $63,267, forming a assist base.
Ether costs stay at multi-year lows, struggling to make any headway above $1,700, whereas most altcoins are nonetheless in retreat.
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