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The diplomatic efforts between Washington and Tehran remain alive despite rounds of military exchanges in the Gulf, with CNN reporting that US-Iran talks are still on track. US President Trump continues to combine military pressure with diplomacy in an attempt to force a broader agreement after months of stalled negotiations and intermittent conflict.

The latest clashes saw both sides exchange limited strikes and retaliatory actions, continuing a pattern that has emerged over recent weeks. Yet neither side appears willing to cross the threshold into a full-scale war, with military actions remaining relatively calibrated and contained.

For financial markets, however, the military exchanges themselves may be less important than the…

IC Markets Global – Europe Fundamental Forecast | 11 June 2026

What happened in the Asia session?

Renewed U.S. military strikes on Iran (with Iran closing the Strait of Hormuz in response) and U.S. May inflation data showing CPI accelerated to 4.2% annually, the fastest pace since April 2023. These headlines drove a sharp risk-off sentiment, causing Asian stocks to slide (MSCI Asia-Pacific ex-Japan down 0.9%, South Korea’s KOSPI tumbling 3%) while oil prices surged (Brent crude rose over 2% to $94.93–$95.40/barrel).

What does it mean for the Europe & US sessions?

Traders should keep a close eye on a mix of inflation data, central bank expectations, and geopolitical developments. In Europe, the main focus is on the anticipated policy…

  DXY (U.S. Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance

Pivot: 99.51

Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.

1st support: 99.00

Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.

1st resistance: 100.24
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement

Potential Direction:…

US Indices Crash as US-Iran War Heats Up Again – Nasdaq down 2%

US markets fell sharply overnight as investors reacted to a renewed escalation in Middle East tensions, with President Trump warning that the United States would strike Iran “very hard” if necessary. The geopolitical developments overshadowed what was otherwise a largely in-line US inflation report and prompted a broad move away from risk assets.

Wall Street closed firmly in negative territory, with the Dow Jones dropping 1.87% to 49,918, the S&P 500 falling 1.62% to 7,266, and the Nasdaq leading losses with a 1.98% decline to 25,169 as technology stocks came under renewed selling pressure.

Earlier in the session, US CPI data came in broadly as expected, with the…

IC Markets Global – Asia Fundamental Forecast | 11 June 2026

What happened in the U.S. session?

The overnight U.S. session driver was the May U.S. CPI report, which showed headline inflation at 4.2% year over year, with monthly CPI at 0.5% and core inflation at 2.9% year over year. Markets also stayed focused on renewed U.S.-Iran tensions, which kept oil prices bid and added to the risk-off tone in equities.

What does it mean for the Asia Session?

Asian traders face a high-stakes day dominated by the European Central Bank’s anticipated 25bps rate hike amid Eurozone inflation accelerating to 3.2%, US PPI inflation data providing the final preview before the Federal Reserve’s monthly decision, and SpaceX pricing its record $75 billion…

• ICYMI - Georgia central bank buys $100mn more gold as global reserve demand surges
• Iran fires fresh missiles at Jordan, Kuwait and Bahrain in widening attacks
• WSJ: OpenAI weighs major price cuts to compete with Anthropic before IPO push
• Gaslighting the oil market - global oil inventories six weeks from operational minimums
• PBOC sets USD/ CNY reference rate for today at 6.8150 (vs. estimate at 6.7819)
• Oil update ICYMI - US bombed Iran second night in a row
• Iran denies Trump contact claim as US says no warships hit in Hormuz
• NinjaTrader licensing glitch broke your indicators? Here's the fix (its not your computer)
• Trump says Iran asked US to halt strikes, bombing to stop shortly
• US Iran strikes focus is navy bases and air defences to force deal -…
  Full Article

NinjaTrader licensing change disrupts third-party indicator access for Named User licenses

Before we start, this is not a sponsored post or anything like that. I am a NinjaTrader user and I'm passing this info along if you need it.

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A licensing system change made by NinjaTrader on 5 June caused validation failures for third-party indicators across multiple platform versions, leaving affected users unable to load their tools from Friday evening through the weekend.

Users on Named User Licenses were shown an "a license is required" message despite valid, unaffected licenses, with the issue persisting into Sunday evening as US futures markets reopened. NinjaTrader's own support desk was closed for the duration of the initial outage, meaning…

Lower tier data only, unlikely to shift around financial markets too much upon release.

Hegseth says will be hitting Iran hard tonight

• US May CPI +4.2% vs +4.2% y/y expected
• Trump: We will be attacking Iran "very hard"
• Hegseth: Iran would be unwise to challenge the US further
• Bank of Canada holds as expected but continues to highlight risks of oil price spillovers
• BOC's Macklem: Not a lot has changed since last decision, there haven't been big surprises
• The full statement and Governors statement from the Bank of Canada rate decision
• Gold breaks the March lows
• Bessent: US disrupts procurement networks that support Iran
• U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.538%
• EIA weekly US crude oil inventories -7227K vs -3974K expected

Markets:

• Gold down $172 to $7280
• WTI crude oil up $2.25 to $90.46
• S&P 500 down 1.5%
• Nasdaq Comp down 1.8%
• US 10-year yields up…
  Full Article

Treasury Sec Bessent:

• US has disrupted procurement networks that support Iran.
• Frozen the Iranians regimes assets
• severely disrupted is economy.
• Dismantled its war machine

Bessent adds that the US treasury will not tolerate any support of the Iranian military.

arlier Pres. Trump said that the US will be attacking Iran hard and that they have the right to resume attacks on Iran even there drone shooting of an Apache helicopter. He said that he was not going to say whether they're going to knock out bridges and power plants.

• High yield 4.538%.
• WI level at the time of the auction 4.539%.
• Tail -0.1 basis points versus six auction average of 0.6 basis points
• Bid to cover 2.57X versus 2.44X
• Directs 12.3% versus average of 21.1%
• Indirects 78.21% versus average of 67.6%
• Dealers 9.5% vs average 11.4%

Auction Grade B+

The only negative was that the domestic buyers were much less than the average. The international buyers made up for the shortfall and the dealers were saddled with less than the average which is indicative of solid demand.