3 Assets to Watch (June 15-19): British Pound, Nasdaq 100, and Solana
AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
Risk assets are punching higher, celebrating the US-Iran interim deal to reopen the Strait of Hormuz and halt the war.
Here are some key price action this Monday, June 15th:
Brent Oil (UKOUSD): -4.1%, hits 3-month low! (though still 15% higher since Iran war erupted on Feb 28th)
Gold (XAUUSD+): +2%, back above $4300
Dow Jones index (DJ30): +1%, almost matching (21 index points/0.04% away from) its all-time intraday high!
S&P 500 (SP500) +1.3%, Nasdaq 100 (NAS100) +2% - each <2% below respective all-time intraday highs!
Bitcoin (BTCUSDT): +2.8%, resisted so far around the $66k upside target we shared this time last week (June 8th)
[Trade Bitcoin BTC Button]<https://i.bybit.com/ab1kWABZ>
Did you miss out on the trade setups from last week's “3 Assets to Watch” report? No worries: With a new week comes new trading/investing opportunities.
And there are multiple major events due in the days ahead that could trigger outsized market moves!
Key Events This Week
Tuesday, June 16: Bank of Japan (BoJ) rate decision - widely expected to hike
Wednesday, June 17: UK May consumer price index (CPI) - economists forecast higher inflation
Wednesday, June 17: Fed rate decision - no rate change expected
Thursday, June 18: Bank of England (BoE) rate decision - no rate change expected
Thursday, June 18: UK by-election in Makerfiled - could determine if Keir Starmer is challenged as UK Labour Party’s leader and Prime Minister
Friday, June 19: Japan's Tokyo May inflation (CPI); BoJ meeting minutes
Friday, June 19: US and Iran officials to formally sign interim agreement in Switzerland
Friday, June 19: US markets closed
Fed in focus
While the latest developments surrounding the Middle East conflict always warrant close attention ...
The mid-week Fed rate decision, featuring Kevin Warsh’s first FOMC meeting as Fed Chair, makes it arguably the must-watch event of the week.
DECODE: The Federal Reserve a.k.a. The Fed is the world’s most influential central bank - any US rate adjustments in the future are bound to move market prices in the present.
As things stand, markets have lowered their expectations for a Fed rate hike in 2026, now down to 69% odds, versus the 100% certainty this time last week (Monday, June 8th).
Those lowered odds for a Fed rate hike have helped the latest rebound in risk assets of late (stocks, cryptos, etc.)
3 Assets to Watch (June 15-19)
1) NAS100 - new record high above 30,800?
As cited at the top of this article, at the time of writing, the tech-heavy Nasdaq 100 index is a mere 1.7% away from emulating its all-time intraday high.
This tech-heavy index last flirted with the 30,800 level earlier this month (June 3rd), fueled by the AI-mania.
After a sharp pullback, the NAS100 more recently rebounded on the blockbuster SpaceX IPO (last Friday, June 12), and today’s rejoicing of easing geopolitical tensions in the Middle East.
POTENTIAL SCENARIOS
UPSIDE: The NAS100 may keep climbing to post prices above 30,800 for the first time in its history if ...
NOTE: Riskier assets such as cryptos and stocks often cheer the prospects of lower US interest rates (or at least when Fed rates are not moving up as quickly as expected)
DOWNSIDE: NAS100 may pullback towards the 29,000 level for psychological support, with its 50-day simple moving average (SMA) potentially called in for stronger support, if ...
[Trade NAS100 Button]<https://i.bybit.com/aoabDS5>
2) GBPUSD+ to revisit 1-month lows?
So far in June 2026, the British Pound is the G10’s smallest loser against the US dollar, with GBPUSD+ merely falling 0.15% month-to-date.
Amid the relatively muted price moves, there still lies potential trading opportunities.
Such a trade was evidenced when GBPUSD+ hit our upside target cited on May 18th - with the 1.3500 psychological level being as good as it’s gotten since for “bulls” (those hoping an asset’s price will rise):
Over the coming week, Bloomberg’s FX model predicts a 75% chance that GBPUSD+ will trade between 1.3300 - 1.3590 range.
POTENTIAL SCENARIOS
UPSIDE: If GBPUSD+ can break above its 50-day simple moving average (SMA), this major FX pair can rebound to a 1-month high around 1.3590 if ...
NOTE: Markets currently expect just 1 rate hike by the Bank of England for all of 2026.
DOWNSIDE: GBPUSD+ may revisit the 1.3300 psychological level, as it did just this past Monday (June 8th) and also back in mid-May, if ...
NOTE: A currency tends to weaken at the thought of its country’s interest rates not rising as fast as its peers.
[Trade GBPUSD+ Button]<https://i.bybit.com/24v4ab03>
3) SOLUSDT to do something not seen in 4 weeks?
Over the past 7 days, according to CoinGecko calculations ...
SOL has rebounded 8% - the highest among the 10 largest digital assets.
That rebound was likely fueled by sustained net inflows into Solana spot ETFs (exchange-traded funds) of about US$ 350 million so far in 2026, despite the token's year-to-date drop which briefly exceeded 50% (intraday low on June 6th).
This recent rebound has now brought SOLUSDT on the cusp of facing resistance around its 21-day simple moving average (SMA).
POTENTIAL SCENARIOS
UPSIDE: A further restoration of risk appetite, assuming US-Iran tensions are not re-awakened, may see SOLUSDT breach its 21-day SMA for the first time since May 16th and potentially reclaim the $78 handle.
DOWNSIDE: However, should its 21-day SMA exert strong resistance, another blow to the gut for risk appetite may drag SOL back down towards the psychological 60 level - revisiting its lowest prices since Dec 2023.
[Trade SOL Button]<https://i.bybit.com/1fCjlab4>
DISCLAIMER:
This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.