Client Portal
Start trading

Iran and Israel Pause Attacks; Markets Pause for Breather Ahead of US Inflation Data

(By ATFX Analyst Team)

Key Takeaways

Ceasefire: Iran and Israel paused attacks after the US calls for peace, improving market risk sentiment.

Today’s Focus: With a light economic calendar, geopolitics take center stage. Investors look ahead to tomorrow’s US inflation data, while Germany’s April industrial output is expected to improve, and US May home sales may show modest gains.

 

Global Market Review 09/06/2026

US semiconductor stocks rebounded, boosting the Nasdaq and the S&P 500. The US Dollar dipped but remained near two-month highs. Gold steadied after losses, while crude oil rose slightly on Middle East news.

 

Key Events Today:

  • 14:00 EU GERMANY Industrial Production MoM APR **
  • 20:30 US Balance of Trade APR **
  • 22:00 US Existing Home Sales MAY **

June 10th

  • 04:30 API Crude Oil Stock Change ***
  • 09:30 CN CPI & PPI MAY **
  • 20:30 US CPI MAY ***
  • 21:45 BoC Interest Rate Decision ***
  • 22:30 BoC Press Conference ***
  • 22:30 EIA Crude Oil Stocks Change **

 

Markets Analysis 09/06/2026

20260609 EURUSD Keys Instruments

  • Resistance: 1.1564/1.1576
  • Support: 1.1509/1.1496

The Euro rebounded but stayed near recent lows, consolidating below 1.1550 and holding above 1.1500 support.

Analyst View: EUR/USD likely to stay range-bound ahead of US inflation and ECB decisions. A breach above 1.1550 could target 1.1580 resistance.

Bias: Short-term bearish

20260609 GBPUSD Keys Instruments

  • Resistance: 1.3381/1.3406
  • Support: 1.3302/1.3278

As Iran and Israel ceased hostilities, market sentiment improved. This indirectly drove GBP/USD to rebound from its intraday low near 1.3306 on Monday, and it continues to hold the support level from the May 18 low.

Analyst View: With GBP/USD holding above its previous low, it may continue to attempt a rebound during the day. If it climbs back above 1.3380, it is expected to break out of its low-range pattern, with key resistance sitting around the 1.3400 psychological mark.

Bias: Short-term bearish

20260609 USDJPY Keys Instruments

  • Resistance: 160.42/160.85
  • Support: 160.08/159.74

USD/JPY consolidated above the 160.00 level yesterday, tracking the US dollar slightly lower. Market concerns that authorities might intervene again to support the Yen capped further bullish bets.

Analyst View: The pair is trading within a narrow range at elevated levels, indicating that bulls are cautiously waiting on the sidelines. The 10-day MA below at 159.85 is crucial for defending the recent upward channel and bullish momentum.

Bias: Wait-and-see

20260609 US Crude Oil Futures (JUL) Keys Instruments

  • Resistance: 94.49/95.76
  • Support: 87.93/86.35

As Iran and Israel agreed to cease attacks, crude oil prices rose initially before falling yesterday, giving back most of their gains by late trading. Oil briefly broke above $95 before reversing course, though it still posted a modest gain.

Analyst View: Oil prices approached the 20-day MA yesterday, which has been a key resistance since last week. Without positive news for a breakout, the upside for prices is limited. Attention shifts to the 10-day MA; losing this support could lead to a drop below $90.

Bias: Short-term bearish

20260609 Spot Gold (XAU/USD) Keys Instruments

  • Resistance: 4400/4427
  • Support: 4251/4224

20260609 Spot Silver Keys Instruments

  • Resistance: 73.59/75.75
  • Support: 63.67/61.55

Gold dipped below $4300 before recovering. Uncertainty and bets on a US rate hike keep precious metals defensive ahead of US inflation data.

Analyst View: Gold is near its lowest levels since March 24. As long as it stays below $4400, bears will have the upper hand. Prices may trade within a low range until tomorrow’s U.S. CPI release or new geopolitical developments.

Bias: Trading in a low range

20260609 Dow Jones Futures Keys Instruments

  • Resistance: 50991/51150
  • Support: 50518/50319

On Monday, the three major U.S. stock indices closed mixed, with the Dow falling for a second consecutive day. Despite positive developments in the Middle East, a mixed performance among bank stocks weighed on the market.

Analyst View: The Dow has fallen below its 10-day moving average (MA) after a two-day decline, indicating potential short-term downside. Watch for tests around 50400, where the 20-day MA is located.

Bias: Short-term bearish

20260609 NASDAQ 100 Keys Instruments

  • Resistance: 29925/30246
  • Support: 28892/28567

Most mega-cap tech stocks fell yesterday. However, chip stocks saw a bargain-hunting rebound following last Friday’s sharp sell-off. The semiconductor index surged over 5%, helping Nasdaq bounce back to close higher.

Analyst View: The NAS100 index opened higher yesterday but showed little movement, facing resistance at the 20-day MA. The price remains biased to the downside as the market awaits U.S. inflation data to guide the Federal Reserve’s interest rate decisions.

Bias: Short-term bearish

20260609 Bitcoin (BTC/USD) Keys Instruments

  • Resistance: 64955/67606
  • Support: 60728/58042

Bitcoin struggled to maintain Sunday’s gains on Monday, pulling back as upward momentum faded. Ongoing net outflows from spot Bitcoin ETFs pose a significant challenge for recovery.

Analyst View: Bitcoin reached a high of over $64,000 yesterday, with critical resistance around $65,600. Weak upside momentum suggests monitoring support levels at $60,728 and $58,042.

Bias: Short-term bearish

Enjoy trading! The content is for reference only. Please ensure that you understand the risk.

 

About the author

Martin Lam

 

Martin Lam is ATFX Chief Analyst for Asia Pacific, with over 20 years of experience in global forex and investment markets. He holds a degree in Finance and Economics from Deakin University and has held senior roles at leading FX brokerage firms.

More from Martin Lam

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.

Recent News
Free Demo Account
✅ Practice risk-free
✅ Master the markets
Trade live when you’re ready!
Open Live Account
Open Demo Account
Popular posts
Learn More
With ATFX
Related Post
ATFX_logo

© ATFX.COM. All rights reserved.

Legal: AT Global Markets (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA registration number (760555).Registered Office: Tower 42, Leaf 35C, 25 Old Broad Street, London EC2N 1HQ, United Kingdom. Company No.09827091

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages 42-45 of our Terms of Business.

The commercialisation of services and the acquisition of clients can only be carried out in Spain by an authorised entity or through a tied agent.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

ATFX is a co-brand shared by a group of entities including:

AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: Tower 42, Leaf 35C, 25 Old Broad Street, London EC2N 1HQ, United Kingdom. (Professional clients only)

ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A’ Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.

AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with registration number 157819 and license number C118023331. The Registered Office: G08, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

ATFX MENA Financial Services LLC is regulated by the Capital Market Authority (CMA) in the United Arab Emirates with Category 5 license number 20200000078.

EMERGING MARKETS is regulated by the Jordan Securities Commission authority as an Introducing Broker license number 643 and is the regulated entity in the Hashemite Kingdom of Jordan.

ATFX is a trademark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker.

AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines.

ATFX (Cambodia) Company Limited in Cambodia is regulated by the Securities and Exchange Regulator of Cambodia with the license number 040.

ATFX

ATFX UK (AT Global Markets (UK) Ltd.) focuses on developing institutional business and professional investors and does not accept retail clients under its UK Financial Conduct Authority (FCA) license.

For professional client applications, please contact [email protected].

ATFX

Important Notice

We would like to inform you that, in order to ensure full compliance with the regulations of the Brazilian Securities and Exchange Commission (CVM), the opening of new accounts for individuals residing or domiciled in the Federative Republic of Brazil is currently unavailable.

This measure is necessary to complete the final stages of the technological and operational integration process with our local intermediary partner, Levycam CCTVM Ltda. (CNPJ 50.579.044/0001-96), in accordance with the guidelines set forth in CVM Guidance Opinion No. 33/2005.

As a result, it is not possible to proceed with your account opening request at this time. Once the regulatory and operational integration process is completed, the account opening flow will be enabled, and interested parties will be duly informed.

ATFX is not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer intermediation or distribution services for securities issued abroad to investors residing in the Federative Republic of Brazil. Currently, ATFX does not operate nor actively offer intermediation services in Brazil. By accessing this website, investors declare that they are aware of the applicable legal restrictions and agree that they are operating outside the jurisdiction of the CVM. Investments abroad are not covered by the protection mechanisms existing in Brazil, such as the MRP and the FGC. With the objective of enabling future regularized operations, ATFX has entered into a contract for the provision of foreign intermediation services with the Brazilian brokerage firm Levycam CCTVM (CNPJ 50.579.044/0001-96), as provided for in CVM Guidance Opinion No. 33/2005. However, activities related to local intermediation are still in the pre-operational phase (technological and regulatory integration process). If you have any questions regarding the regulation of your trading accounts, please contact us.

I understand
ATFX

🌍 Welcome to ATFX!

To provide you with the best trading experience in Iraq, please visit our localized website:

There, you’ll find all products, services, and contact information tailored specifically for you. Thank you for choosing ATFX!

Go to ATFX (AR)
ATFX

Restrictions on Use

Products and Services on this website https://www.atfx.com/en-ae/ are not suitable
in your country. Such information and materials should not be regarded as or
constitute a distribution, an offer, or a solicitation to buy or sell any investments.
Please visit https://www.atfx.com/en/ to proceed.

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销，要约，买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en/ 。

ATFX

Restrictions on Use

Please note, you may be accessing this page from outside Australia. Products and Services on https://www.atfx.com/en-au/ may not be suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Proceed to Stay
Choose Your Region at ATFX.com

Restrictions on Use

Products and Services on https://www.atfx.com/en-au/ are not suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Choose another region to see content specific to your location.

Choose Your Region at ATFX.com
ATFX

Restrictions on Use

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/