News

Macquarie's global foreign exchange and interest rate strategist Thierry Wizman stated that after the United States and Iran reached a temporary peace agreement and a memorandum of understanding, "normalcy" seems to have returned to the markets this week, which is most evident in oil prices.This return to normal means traders may shift their attention to central bank decisions this week, especially to the Federal Reserve's first interest rate decision since the new Chair Walsh took office on Wednesday. Currency market data indicates a high probability of rates remaining unchanged.Macquarie believes that the continued decline in oil prices is also a significant factor for the foreign exchange market.

(1) John Velis, Head of Americas Strategy at BNY Mellon, stated that the upcoming FOMC statement is expected to indicate a clear two-way risk for interest rates in the short term, which aligns with the tone of the three relatively hawkish dissenting votes at the end-April meeting. (2) This meeting will release a new Summary of Economic Projections (SEP, also known as the dot plot). (3) BNY Mellon expects that the median forecast for the end of 2026 will exclude the rate cut expectation that has persisted throughout several previous cycles.

BlockBeats News, June 17, according to Hyperinsight monitoring, since Trump called off the strike against Iran on the morning of June 12 and clearly stated the arrangement to sign a peace agreement, WTI crude oil has fallen back from its high by 15.8%. In recent days, as the details of the US-Iran agreement are gradually revealed and the market's expectation for the reopening of the Strait of Hormuz increases, WTI crude oil once again fell below $75 today. WTIOIL on Hyperliquid is currently at $74.92; since the formal start of the US-Iran war on February 28, oil prices have retraced 87.7% of the gains. A whale on Hyperliquid opened a short position on June 12, selling 42,139 contracts of WTIOIL with 20x leverage, with a position value of approximately $31.57 million. The current unrealized profit of this position has reached $3.45 million, with a return of about 200%. The average entry price is $83.10, making it the largest short position on the platform for WTIOIL. Address: 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4