The major US he indices rebounded from yesterday's post Fed declines. The gains were led by the small-cap Russell 2000 which rose by 2.12%. The NASDAQ index rose by 1.91% and the S&P index rose by 1.08%. The Dow was the laggard with a modest rise of 0.14%. US stock exchanges will be closed tomorrow in observance of the Juneteenth holiday. The bond market and banks will also be closed.The gainers list is being led by semiconductors and AI-related technology stocks, with investors continuing to favor companies tied to memory chips, AI infrastructure, and data center spending.Top GainersSanDisk (SNDK): +11.42% to 2,182.45 Corning (GLW): +11.16% to 194.97 Intel (INTC): +10.64% to 133.99 Super Micro Computer (SMCI): +10.33% to 30.65 Semiconductor & AI WinnersMicron (MU): +8.70% to 1,133.99 Marvell (MRVL): +7.27% to 310.58 Taiwan Semiconductor (TSM): +6.96% to 462.22 Texas Instruments (TXN): +6.84% to 322.52 Ambarella (AMBA): +6.21% to 69.97 Qualcomm (QCOM): +6.17% to 226.11 Other Notable MoversRoblox (RBLX): +7.28% to 51.52, showing strength in the consumer technology and gaming space. Teladoc (TDOC): +6.32% to 8.07, extending a rebound in digital healthcare shares. Theme of the DayThe rally is heavily concentrated in semiconductors, AI infrastructure, and technology hardware, with 8 of the 12 names on the list directly tied to chip production, chip equipment, networking, memory, or AI servers. The strong gains in Intel, Micron, Marvell, TSMC, Qualcomm, and Super Micro Computer suggest investors are rotating back into the AI and semiconductor trade after recent consolidation.For the trading week, all the indices closed in positive territoryDow industrial average +0.14%. S&P index +1.08%NASDAQ index +1.91%Russell 2000 + 2.12% This article was written by Greg Michalowski at investinglive.com.

The yen continues to struggle despite the Bank of Japan rate hike this week:The USDJPY is squeezing toward 2024 highs.Data from NZ kick off the calendar, May CPI from Japan follows later. Headline and core measures have remained below the BoJ 2% target for four consecutive months.BOJ minutes, April meeting, not this week's, follows.Note, HK and China are on holidays today, which'll thin out interest and liquidity somewhat. US is out Friday too, of course. This article was written by Eamonn Sheridan at investinglive.com.

The EURUSD has pushed to a new session low and, in the process, moved back into a key swing area between 1.14419 and 1.14587. The pair recently traded down to 1.1452, placing the price squarely within that support zone.If sellers can force a break below the swing area, the next target comes in at the 2026 low from March 16 at 1.14102. A move beneath that level would put the focus on the natural support at 1.1400. Breaking below both levels would leave the EURUSD trading at its lowest level since June 2025.That said, when price tests an important support zone, buyers often look to lean against the area with risk defined by a stop below support. For now, however, sellers remain in control after successfully pushing the pair into this swing area on two separate occasions today.On the topside, resistance does not become significant until the 1.1500 level. Until buyers can reclaim that area, the near-term bias remains tilted to the downside. This article was written by Greg Michalowski at investinglive.com.

The USDJPY is getting squeezed higher, with the pair climbing to a new cycle high of 161.76. While that is the highest level since 2024, it is now closing in on the 2024 high at 161.919. A move above that level would put the pair at its highest level since 1986.The rally is increasingly taking on the characteristics of a short squeeze. Recall that in late April and early May, intervention fears sparked a sharp decline from 160.717 to a low near 155.017, as traders worried Japanese officials would step in aggressively to support the yen. Since then, the pair has steadily recovered, but traders remained cautious about pushing above the 2026 highs given the lingering threat of intervention.That caution disappeared today.The break to new highs has accelerated the upside momentum as short positions are being forced to reassess the long-held belief that Japanese authorities would not tolerate USDJPY trading above 160.00 for an extended period. While the risk of intervention remains and officials could still attempt to push the pair lower, the market is now nearly 200 pips above 160.00. At some point, traders fighting the trend have to decide whether it is worth staying in the trade and not screaming "Uncle". "Basta", "Enough", "Get me OUT".For many shorts, that moment may be arriving quickly. The market is forcing them to ask a simple question: How much longer do you want to fight a trend that keeps making new highs? This article was written by Greg Michalowski at investinglive.com.

Trump on TruthSocial posts:Trumps "reply" to the Supreme Leaders comments are controlled. He seems to also be talking to Isreal to not muck things up. The Supreme leader was a more confrontational and negative, but his audience requires that he remain confrontational.. This article was written by Greg Michalowski at investinglive.com.

The Iran Supreme Leader responding to the MOU said:He had a different view regarding the MOU with the U.S., but due to commitment to the Iranian president and other members of the Supreme National Security Council, he issued permission. Future in-person negotiations that are going to take place do not mean accepting the enemy's point of view. If the American side wants to be too demanding, Iran will not accept it. He gave permission to the MOU after the Iranian president and other officials assured him they would accept responsibility for safeguarding the rights of the Iranian nation and the resistance front. It was the American president who, out of desperation, used all kinds of leverage to bring the MOU about. This article was written by Greg Michalowski at investinglive.com.

Bitcoin price action is spelling T-R-O-U-B-L-E for buyers.While Bitcoin often benefits from a risk-on backdrop, recent price action has failed to confirm the improved sentiment. Despite the apparent end of the conflict and a rally in equities, Bitcoin's rebound from the June 5 low at $59,104 stalled at $67,150, falling short of the 38.2% retracement level at $68,168 of the decline from the May 6 high. That retracement represented the minimum hurdle buyers needed to clear to begin shifting control away from sellers.Instead, the rally fizzled and the technical picture deteriorated. The price broke back below the 100-hour moving average at $65,322, then the 200-hour moving average at $64,116, and finally below a key trendline currently near $63,758. The trendline break accelerated downside momentum as buyers turned into sellers (see chart above and the video).Bitcoin has since fallen to $62,236, putting the focus back on the June lows. As long as the price remains below the broken trendline and the 200-hour moving average, the near-term bias favors the sellers. A move back above the 200-hour moving average would ease the bearish pressure and shift the outlook toward neutral.On the downside, the key level to watch remains the June 5 low at $59,104. A break below that level would strengthen the sellers' grip and increase the risk of a deeper decline. For now, the word isT-R-O-U-B-L-E for buyers. This article was written by Greg Michalowski at investinglive.com.

On Thursday, U.S. forces lifted the blockade on all maritime traffic entering and exiting Iranian ports and coastal areas. American forces are not impeding the transit of vessels to or from Iranian ports on the Gulf. All U.S. military blockade enforcement efforts have ceased. Naval ships will remain in the region to help ensure compliance with the U.S.-Iran agreement. Post Summary:The latest developments confirms the MOU de-escalation in maritime tensions between the United States and Iran. U.S. forces have ended all blockade enforcement operations and lifted restrictions on maritime traffic to and from Iranian ports, allowing commercial shipping to resume normal transit. While naval assets will remain deployed in the region, their role has shifted from enforcement to monitoring, with the objective of ensuring both sides adhere to the terms of the agreement. The move is being viewed as a confidence-building step that could reduce risks to Gulf shipping lanes and support broader regional stability. This article was written by Greg Michalowski at investinglive.com.

Politico has published the MOU signed by Pres. Trump. You can see it HERE.Key Points from the Islamabad Memorandum of Understanding (Iran–U.S.) Ceasefire and Security Immediate and permanent termination of military operations between Iran, the United States, and their allies. Commitment not to initiate military action or use force against one another. Protection of Lebanon's sovereignty and territorial integrity. Final agreement would formalize the end of the conflict on all fronts. Sovereignty Both sides agree to respect each other's sovereignty and territorial integrity. Commitment to refrain from interference in each other's internal affairs. Timeline Target of negotiating a final agreement within 60 days, with extensions possible by mutual consent. Maritime Trade and Blockades U.S. to begin removing naval blockades and impediments against Iran immediately after signing. Full removal of the naval blockade targeted within 30 days. Iran to facilitate safe commercial shipping through the Persian Gulf, Gulf of Oman, and Strait of Hormuz. Iran to undertake de-mining and removal of navigational obstacles. U.S. Military Presence U.S. commits to removing its forces from the vicinity of Iran within 30 days after the final deal. Reconstruction and Economic Support U.S. and regional partners would develop a reconstruction and economic development plan for Iran worth at least $300 billion. Mechanism for implementation to be finalized within 60 days. U.S. would provide necessary licenses, waivers, and permissions for financial transactions. Sanctions Relief U.S. to terminate all sanctions against Iran, including: U.N.-related sanctions. Primary U.S. sanctions. Secondary sanctions. Sanctions relief to occur according to agreed schedules in the final agreement. Nuclear Program Iran reaffirms it will not pursue or develop nuclear weapons. Both sides agree to resolve issues involving stockpiled enriched uranium. Iran would reduce enrichment levels to low-enriched uranium under IAEA supervision. Discussions to address Iran's civilian nuclear needs and future enrichment arrangements. Interim Period Before Final Deal Iran maintains its current status quo regarding its nuclear program. U.S. agrees not to impose new sanctions. U.S. agrees not to deploy additional forces to the region. Iranian Oil Exports U.S. Treasury would issue waivers allowing: Export of Iranian crude oil. Export of petroleum products and derivatives. Related services including banking, insurance, and transportation. Frozen Iranian Assets U.S. agrees to make frozen or restricted Iranian funds available. Procedures would be established for release and transfer of funds. Funds could be directed to beneficiaries designated by Iran's central bank. Compliance Monitoring Joint executive mechanism to monitor implementation of the MOU and compliance with the final agreement. Final Agreement Structure Negotiations on remaining issues begin after implementation of key early measures. Final agreement to be endorsed by a binding U.N. Security Council resolution. This article was written by Greg Michalowski at investinglive.com.

Sector Overview: Tech Drives the MarketThe technology sector, particularly semiconductors, leads the market today with impressive gains. Major players like Nvidia (NVDA) surged by 2.04%, and Micron Technology (MU) showed an outstanding rise of 7.15%. Semiconductor Equipment stocks also performed well, with KLA Corp (KLAC) up by 6.71% and Lam Research (LRCX) impressively adding 5.24%. This robust performance underlines strong investor confidence in the tech sector.However, the energy sector paints a contrasting picture, with major operators like Exxon Mobil (XOM) and Chevron (CVX) declining by 3.10% and 2.23%, respectively. The drop signifies ongoing volatility in oil and gas markets.Market Mood and Trends: A Tech-Driven OptimismThe market sentiment today leans towards bullishness, primarily driven by technology stocks, especially semiconductors. Investors show optimism about tech growth, amid speculation about increased demand and supply chain improvements. Conversely, the dip in energy highlights concerns about fluctuating oil prices and global economic uncertainties. The trend suggests a potential shift in focus from traditional energy to tech innovation.Strategic Recommendations for InvestorsGiven today's dynamics, investors are advised to consider expanding their portfolios within the semiconductor space. Companies like NVDA, MU, and KLAC demonstrate strong growth potential. With technology showing resilience, it presents opportunities for long-term gains.Meanwhile, maintain a cautious stance on the energy sector, staying alert to further market developments. Consider diversifying into technology infrastructure stocks, as they are positioned well to capitalize on burgeoning tech demands. Visit InvestingLive.com for more insights and to stay abreast of the latest trends shaping the market landscape.? This article was written by Itai Levitan at investinglive.com.

Pres.Trump is on TruthSocial touting the latest. He posts in all caps as well that: "OIL IS FLOWING, IRAN CAN NEVER HAVE A NUCLEAR WEAPON (THE WORLD WILL BE SAFE!), THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!) OUR COUNTRY IS STRONG, SAFE AND RESPECTED LIKE NEVER BEEFORE. "YOU'RE WELCOME!" President DJT"S&P up 1.01%Nasdaq up 1.40%Crude oil -$2.88 at $73.15 and dipping below the 200 day MA at $73.57Intel is up 6.64% after Trump posted earlier about a deal with Apple and intel. Trump and the US Govt bought 10% of intel at $20. The stock is trading at $128 currently. This article was written by Greg Michalowski at investinglive.com.

The USDCAD extended its rally yesterday, surging higher into and following the FOMC rate decision. The pair has been in a well-defined uptrend since bottoming near 1.3549 on May 1 (the high prices today reached 1.4134), with buyers maintaining control for most of that period. Since May 7, the price has traded primarily above its 100-hour and 200-hour moving averages, reinforcing the bullish bias. While there were brief breaks below those averages on May 28 and 29, buyers quickly regained control, pushing the pair back above both moving averages on June 1 and keeping it there ever since.As the trend has strengthened, the price has moved further away from its key support levels. The 100-hour moving average currently sits at 1.4013, while the 200-hour moving average is at 1.3983. As long as the price remains above these rising averages, buyers remain firmly in control. For sellers to gain a more meaningful foothold, the pair would need to break back below those technical levels.Trending markets often move farther and last longer than traders anticipate, and USDCAD has been a textbook example of that behavior since the May low. However, the latest push higher has now reached an important resistance zone between 1.4130 and 1.4144, an area defined by swing highs dating back to November 2025. Today's high reached 1.4134 before stalling and backing off, with the pair currently trading near 1.4117.For risk-focused traders, this creates an interesting setup. The trend remains bullish, but the market is also testing a key resistance area after an extended advance. Traders looking to fade an overextended move should only do so where risk can be clearly defined and limited. The 1.4130–1.4144 resistance zone offers that opportunity. If the price breaks above the area, the trade idea is wrong, and traders should exit—and potentially even consider reversing into the prevailing uptrend. If the resistance holds, however, the pair has room for a deeper corrective pullback given its stretched conditions.In the video above, I outline the technical levels driving the current move higher and discuss what would need to happen on any downside correction for sellers to begin regaining control and confidence. This article was written by Greg Michalowski at investinglive.com.

Kuwait boost oil output to above 2 million barrels per day in a weekSees faster oil output than previously thoughtWill that all force majeure with immediate effectCrude oil has slipped back below the $74.00 level, trading at $73.94 and down roughly $2.00 on the day. The decline extended to a session low of $73.42, bringing the price into a test of the 200-day moving average at $73.58. From a technical perspective, that moving average represents a key support target and an important line in the sand for traders. So far, buyers have been willing to lean against the level, helping to stabilize the market within roughly 10 to 20 cents of the 200-day average. Holding above that support could encourage a corrective bounce, while a sustained break below would give sellers more control and open the door for further downside momentum.The closing price on February 27 right before the start of the war on February 28 was at $67.04. Keep that level in mind. This article was written by Greg Michalowski at investinglive.com.

After the Fed decision yesterday, the US stock market fell with the Dow industrial average falling -507.03 points, the S&P -91.23 points and the NASDAQ -354.69 points.Today's encouraging with the premarket prices higher and the gains led by the NASDAQ index which is currently up about 500 points. The S&P index is lagging however with a gain of 67 points while the Dow industrial average is up 253 points.Chip stocks are moving higher:Intel shares are up 8.77% at $131.70. The all-time high price is at $132.75. Pres. Trump said early Thursday that the chip manufacturer had won a deal with Apple.Recall that the U.S. government purchased through a combination of direct equity investment and support tied to the CHIPS Act, the government acquired approximately 433.3 million Intel shares at an average cost of $20.47 per share, representing an investment of roughly $8.87 billionWith Intel shares trading at $131.00, the government's stake would be worth approximately $56.76 billion: Current value: 433.3 million shares × $131.00 = $56.76 billion Original cost: 433.3 million shares × $20.47 = $8.87 billion Unrealized gain: $47.89 billionThat equates to a return of roughly 540%, with the government's stake now worth about 6.4 times its original investment. The gain highlights the dramatic turnaround in Intel's stock price as investors have become more optimistic about the company's role in AI chips, advanced manufacturing, and U.S. semiconductor policy.Other shipment shares are moving higher: Micron shares are up 4.99%Broadcom shares are up 2.95%AMD shares are up 3.73% Texas Instruments shares are up 3.96% Nvidia shares are up 1.32%SpaceX shares are not benefiting with a decline of -1.55%. This article was written by Greg Michalowski at investinglive.com.

Prior -0.4Details:New orders 27.3 versus -1.7 priorShipments 14.9 versus 4.9 last monthUnfilled orders 10.5 versus -2.5 last monthDelivery times 10.8 versus -10.4 last monthInventories 23.0 versus 6.6 last monthPrices paid 53.2 versus 47.9 prior Prices received 20.3 versus 26.3 last monthNumber of employees 7.9 versus -2.8 prior Average employee workweek -6.5 versus 1.2 last monthSix-months from now indicators:6 month index 50.2 vs 53.2 priorCapex index 6-month forward 41.2 versus 30.9 last monthNew orders 60.8 versus 53.5 last monthShipments 60.3 versus 45.7 last monthUnfilled orders 17.3 versus 19.2 last monthDelivery times 2.5 versus 1.0 last monthInventories 10.0 versus 11.8 last monthPrices paid 63.2 versus 70.0 last monthPrices received 67.2 versus 60.5 last monthNumber of employees 30.8 versus 31.7 last monthAverage employee workweek 34.3 versus 18.4 last monthThe report was stronger than expected and carries a hawkish bias. Manufacturing activity improved sharply, with new orders, shipments, unfilled orders, and inventories all rising significantly from the prior month. At the same time, delivery times lengthened and prices paid jumped, pointing to renewed inflation pressures in the sector. Employment also improved, although the decline in the average workweek tempered some of the strength. Overall, the data suggest stronger economic activity and firmer inflation pressures, which is supportive for the U.S. dollar and reinforces the Fed's cautious stance on inflation.What is the Philly Fed Index?The Philadelphia Fed Manufacturing Survey, also known as the Philly Fed Index, is one of the earliest monthly indicators of manufacturing sector health in the United States. Published by the Federal Reserve Bank of Philadelphia, it surveys manufacturers in the Third Federal Reserve District, covering eastern Pennsylvania, southern New Jersey, and Delaware. Readings above zero indicate expanding activity, while readings below zero signal contraction. The survey is closely watched by economists and market participants because it often serves as a leading indicator for the national ISM Manufacturing Index released later each month. This article was written by Greg Michalowski at investinglive.com.

Prior week for initial jobless claims 229K revised to 230K Prior week for continuing claims 1.795M revised to 1.786MFor the current weeks: Initial jobless claims 226KK vs 225 est4 week MA for initial jobless claims 223.25K vs 219.25K last weekContinuing claims 1.810M vs 1.795M estimate4-week MA for continuing claims 1.788M vs 1.778M last week.Data is as expected but the recent move has been toward a weakening employment tilt This article was written by Greg Michalowski at investinglive.com.

Prior was +2.0% (revised to +1.6%)PPI Y/Y +13.6% vs +11.4% prior (revised to +11.1%)Raw materials price index M/M +0.7% vs +2.6% prior Raw material price index Y/Y +33.4% vs +31.6% priorStatCan says: "The PPI increased 1.2% month over month in May, marking its fifth consecutive monthly increase. Disruptions to shipping through the Strait of Hormuz continued to affect global commodity markets in May, reflecting impacts on crude oil costs and supply chains since March of this year. This situation contributed to price increases across multiple commodity groups, including chemical and chemical products, energy and petroleum products and primary non-ferrous metal products. Excluding energy and petroleum products, the PPI increased 0.9%. This article was written by Giuseppe Dellamotta at investinglive.com.

Is comfortable that hiking rates makes sense under milder scenario.Open-minded to looking through shocks IF not long-livedeven if oil is fallen, think food will keep going up. Hike aims to contain the spread of energy shockCurrent situation is meeting shockThinks that the other and of neutral is 2.5% from 2.25% Employment is steady. Incomes moving higher Says that EUR appreciation still putting downward pressure on pricesThe ECB race rates by 25 basis points last week. This article was written by Greg Michalowski at investinglive.com.

The USD is trading higher vs all the major currencies today on the day after the Fed decision where the Fed kept rates unchanged but the Fed members changed the projections for Fed rates at the end of the year with the Fed members now projecting 3.80% for the EOY rate up from 3.4% at the March meeting. In the video above, I take a look at the EURUSD, USDJPY and GBPUSD as each breaks from current ranges on the news. The day after.The first meeting of the Kevin Warsh Chair era is over and change is afoot, but the tilt was to more bearish. Key TakeawaysFed holds rates unchanged, but new Fed Chair Kevin Warsh used the meeting to signal a broader overhaul of how the Federal Reserve operates. There will be five new task forces will be created to review major areas of Fed policy and operations, including: Communications strategy Inflation analysis Employment measures Data sources Broader policy processes The FOMC statement was dramatically shortened, shrinking to just 132 words, more than 300 words shorter than the previous statement. The streamlined approach helped produce a unanimous decision from a committee that had been showing internal divisions earlier in the year. The statement notably emphasized the Fed's commitment to "deliver price stability" and removed any reference to maximizing employment, signaling a stronger focus on inflation control. Markets interpreted the changes and in particular the changes to the dot plot as more hawkish than expected: The updated dot plot showed nine Fed officials expecting at least one rate hike in 2026, compared with none in the March projections. Expectations for near-term rate cuts faded. Despite speculation that Warsh might pursue lower rates after being appointed by President Trump, the meeting suggested the opposite: the Fed appears willing to tighten policy further if inflation remains stubborn. According to Capital Economics, the meeting leaves the door open for a potential rate hike as soon as September. Bottom LineThe first Warsh-led meeting marked a significant shift in tone. The Fed simplified its communications, placed greater emphasis on fighting inflation, deemphasized employment concerns, and produced a dot plot that leaned noticeably more hawkish. Markets came away viewing the Fed as more likely to raise rates than cut them in the months ahead.In other central bank news: The Swiss National Bank left its policy rate unchanged at 0.00%, a decision that was widely expected by markets. While the SNB nudged its inflation forecasts slightly higher—seeing inflation at 0.6% in both 2026 and 2027 and 0.7% in 2028—officials emphasized that medium-term inflation pressures are "virtually unchanged" and remain consistent with price stability. Growth forecasts were left unchanged at 1.0% for 2026 and 1.5% for 2027, signaling confidence in the domestic outlook. A key takeaway was the SNB's stronger commitment to intervene in foreign exchange markets if needed, reflecting concerns that a stronger Swiss franc could further dampen inflation. Overall, the decision was viewed as mildly dovish: the SNB sees inflation contained, remains comfortable with rates at zero, and is relying more on potential FX intervention than interest-rate hikes to manage economic risks amid ongoing uncertainty tied to the fragile situation in the Middle East. The USDCHF is trading at new highs for the year (lower CHF) on the intervention threats and the overall USD bullishness.The Bank of England left its Bank Rate unchanged at 3.75%, as widely expected, with the vote split 7-2. While most policymakers felt inflation was continuing to ease and that existing restrictive policy was working its way through the economy, two members—Megan Greene and Chief economist Huw Pill—voted for a 25-basis-point rate hike due to concerns that higher energy prices could lead to stronger second-round inflation effects. The BoE lowered its inflation outlook for this year, noted that the labor market continues to soften, and said signs of weaker economic growth could help contain price pressures. However, officials emphasized that energy-price uncertainty remains a key risk and reiterated their readiness to act as needed to return inflation to the 2% target. Overall, the decision was largely a repeat of April's message, with markets maintaining expectations for roughly 35 basis points of tightening by year-end, including a better-than-even chance of a rate hike in September. The GBPUSD is trading to new lows (see video above). US yields are higher in the short end and lower in the longer end:2 year yield 4.20%, +3.7 basis points 10 year yield 4.453%, -9.7 basis points 30 year yield 41869%, -520 basis pointsThe US stocks are trading higher with the chips and the Nasdaq leading the way to the upsideDow industrial average was 165 pointsS&P index +53 pointsNASDAQ index +419 pointsCrude oil is trading down 2.29% or $1.76 at $75.00 This article was written by Greg Michalowski at investinglive.com.

BoE leaves bank rate unchanged at 3.75% in June meeting, as expectedThe US dollar rises to the highest level since May 2025 on increased Fed rate hike betsGold closes the gap following the hawkish Fed's dot plot; tightening bias caps the upsideSNB's Schlegel dodges question on the addition of "if necessary" about FX interventionSNB leaves key policy rate unchanged at 0% in June meeting, as widely expectedBitcoin price forecast: why the $61,775 level matters nowUK April ILO unemployment rate 4.9% vs 5.0% expectedFX option expiries for 18 June 10am New York cutWhat are the main events for today?It's been a pretty calm session in terms of data and news releases. The UK employment report was better than expected with a tick lower in the unemployment rate and stronger wage growth. The data led to some firming in BoE rate hike bets but nothing major. The SNB left the policy rate unchanged at 0.00% as widely expected but added "if necessary" to the line saying "readiness to intervene in forex markets is higher". The Swiss franc was barely changed in the aftermath but started to weaken after SNB Chairman Schlegel avoided to answer the question on why that new line was added. The market interpreted that as "dovish".The BoE left the Bank Rate unchanged at 3.75% as widely expected with no changes to the April's statement. The central bank repeated that MPC stands ready to act as necessary to ensure CPI meets 2% target in the medium term. Coming into the meeting, the market was pricing 35 bps of tightening by year-end with 58% chance of a rate hike in September. That remained the same following the decision.The main highlight of the session was the US dollar. The greenback extended the gains and reached the highest level since May 2025 amid Fed rate hike bets. This article was written by Giuseppe Dellamotta at investinglive.com.