{"id":133026,"date":"2026-06-09T13:22:40","date_gmt":"2026-06-09T10:22:40","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=133026"},"modified":"2026-06-09T13:22:57","modified_gmt":"2026-06-09T10:22:57","slug":"markets-continue-to-correct-after-fridays-turmoil","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ms\/markets-continue-to-correct-after-fridays-turmoil\/","title":{"rendered":"Markets continue to correct after Friday\u2019s turmoil"},"content":{"rendered":"

Markets continue to correct after Friday\u2019s turmoil as investors reassess risk sentiment following a volatile end to last week. The US dollar has eased from its recent highs, oil prices have retreated amid signs of de-escalation in the Middle East, and equity markets are attempting to recover from recent losses. <\/p>\n\n\n\n

At the same time, traders remain focused on upcoming inflation data from the United States, which could provide fresh clues about the Federal Reserve\u2019s policy path. <\/p>\n\n\n\n

With geopolitical developments, inflation expectations, and central bank outlooks all influencing market sentiment, volatility is likely to remain elevated in the days ahead.<\/p>\n\n\n\n

USD corrects lower after Friday\u2019s rally<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

The USD corrected lower yesterday and during today\u2019s Asian session after Friday\u2019s rally. <\/p>\n\n\n\n

Market worries for the Middle East seemed to ease, allowing for some safe-haven outflows, while the market\u2019s hawkish expectations for the Fed to keep rates high, if not hike them, support the USD. <\/p>\n\n\n\n

We highlight the release of the US CPI rates tomorrow as the next big test for the USD after the US employment report for May, released on Friday, showed a tighter-than-expected US employment market.<\/p>\n\n\n\n

Oil prices dip lower as Israel, Iran halt attacks<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Oil prices fell after Iran and Israel announced that they would halt attacks on each other. US President Trump seems to have intervened, yet the situation remains very fragile as both sides warned they could resume hostilities. <\/p>\n\n\n\n

A focal point is currently Lebanon, and should Israel continue to attack, Iran is expected to respond. <\/p>\n\n\n\n

Should market worries for an easing of tensions in the Middle East be maintained, we may see oil prices losing further ground and vice versa.<\/p>\n\n\n\n

Oil prices remain stable<\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Oil prices remained relatively stable despite the flare-up of tensions in the Middle East. OPEC has announced another output hike yet that seems to be overshadowed for now. <\/p>\n\n\n\n

Should tensions in the Middle East continue to escalate, threatening to keep the Straits of Hormuz closed for longer, oil prices may get some support.<\/p>\n\n\n\n

US equities regain some losses<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

US equities edged higher yesterday, with Nasdaq and tech companies leading the way, after Friday\u2019s sell-off. Intel\u2019s share price rose 11% after reports that Alphabet placed an order for 3 million sensor processing units in 2028. <\/p>\n\n\n\n

SpaceX\u2019s $1tn of the company\u2019s $1.78tn IPO seems to be resting on a number of radically ambitious goals like reaching Mars, putting data centers into orbit and playing a key role in developing AI, which may raise some eyebrows regarding the validity of the valuation.<\/p>\n\n\n\n

Gold steadies at low points<\/strong><\/h2>\n\n\n\n

Gold\u2019s price dropped yesterday and stabilised. US gold futures for August are down, while yields on the 10-year US bond were at a two-week high, underscoring the opportunity cost gold traders are carrying. <\/p>\n\n\n\n

The negative correlation of the precious metal\u2019s price with the USD seems to be active thus, should the USD strengthen, gold\u2019s price is expected to drop.<\/p>\n\n\n\n

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

Today we get Germany\u2019s industrial output for April, Canada\u2019s Trade data for April, the US Existing Home Sales for May and the API weekly crude oil inventories. <\/p>\n\n\n\n

In tomorrow\u2019s Asian session, we get Japan\u2019s PPI rates and China\u2019s inflation metrics, both for May.<\/p>\n\n\n\n

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

USD\/JPY<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n

USD\/JPY<\/strong> seems to stabilise just below the 160.50 (R1) resistance line, a level that prompted Japan to intervene in the markets to JPY\u2019s rescue. <\/p>\n\n\n\n

We maintain a bullish outlook for the pair given also that the RSI indicator remains above the reading of 50 implying a bullish predisposition of the market for the pair, yet at the same time also note the tendency for stabilisation. <\/p>\n\n\n\n

Should the bulls be in charge, USD\/JPY is expected to break the 160.50 (R1) resistance line and start aiming for the 164.40 (R2) resistance level. Should the bears take over, USD\/JPY may drop testing if not breaking the 157.50 (S1) support line, opening the gates for the 155.00 (S2) support level.<\/p>\n\n\n\n

Emas<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h3>\n\n\n\n

Emas<\/strong>\u2019s price aimed for the 4250 (S1) support line before stabilizing somewhat. <\/p>\n\n\n\n

We maintain a bearish outlook for the precious metal\u2019s price given that the RSI indicator remains clearly below 50, implying a bearish market sentiment for gold\u2019s price. <\/p>\n\n\n\n

Should the bears maintain control as expected, we may see gold\u2019s price dropping below the 4250 59800 (S1) support line and start aiming for the 3890 (S2) level. <\/p>\n\n\n\n

Should the bulls take over, a remote scenario currently, gold\u2019s price is expected to break the 4500 (R1) resistance line, continue to break also the downward trendline guiding it and continue to break also the 4850 (R2) level.<\/p>\n\n\n\n

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

USD\/JPY Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n
\"Forex<\/figure>\n\n\n\n
    \n
  • Support: 157.50 (S1), 155.00 (S2), 152.10 (S3)<\/li>\n\n\n\n
  • Resistance: 160.50 (R1), 164.40 (R2), 168.00 (R3)\u00a0<\/li>\n<\/ul>\n\n\n\n

    XAU\/USD Daily Chart<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n
    \"XAU\/USD<\/figure>\n\n\n\n
      \n
    • Support: 4250 (S1), 3890 (S2), 3600 (S3)<\/li>\n\n\n\n
    • Resistance: 4500 (R1), 4850 (R2), 5245 (R3)\u00a0<\/li>\n<\/ul>\n\n\n\n

      Disclaimer:
      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":"

      Markets continue to correct after Friday\u2019s turmoil as investors reassess risk sentiment following a volatile end to last week. The<\/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-133026","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\nMarkets continue to correct after Friday\u2019s turmoil<\/title>\n<meta name=\"description\" content=\"Markets continue to correct after Friday\u2019s turmoil as USD eases, oil dips, and traders await US CPI for Fed signals ahead today.\" \/>\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\/ms\/wp-json\/wp\/v2\/posts\/133026\/\" \/>\n<meta property=\"og:locale\" content=\"ms_MY\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets continue to correct after Friday\u2019s turmoil\" \/>\n<meta property=\"og:description\" content=\"Markets continue to correct after Friday\u2019s turmoil as USD eases, oil dips, and traders await US CPI for Fed signals ahead today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/ms\/markets-continue-to-correct-after-fridays-turmoil\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-09T10:22:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-09T10:22:57+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.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Markets continue to correct after Friday\u2019s turmoil\",\"datePublished\":\"2026-06-09T10:22:40+00:00\",\"dateModified\":\"2026-06-09T10:22:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/\"},\"wordCount\":837,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ms-MY\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/\",\"name\":\"Markets continue to correct after Friday\u2019s turmoil\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#website\"},\"datePublished\":\"2026-06-09T10:22:40+00:00\",\"dateModified\":\"2026-06-09T10:22:57+00:00\",\"description\":\"Markets continue to correct after Friday\u2019s turmoil as USD eases, oil dips, and traders await US CPI for Fed signals ahead today.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/#breadcrumb\"},\"inLanguage\":\"ms-MY\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/markets-continue-to-correct-after-fridays-turmoil\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets continue to correct after Friday\u2019s turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/ms\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\""Our Introducing Brokers program offers competitive conditions tailored to our partners' needs. 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