Forex Morning Digest — Tuesday, 9 June 2026: ECB Countdown, Ceasefire Calm & Dollar Dominance
Introduction Global forex and commodity markets are entering a pivotal stretch this week. An Iran-Israel ceasefire announced overnight has partially unwound the risk-off flows that dominated last week, sending oil lower and briefly sapping gold's safe-haven premium. But traders aren't relaxing: the ECB is set to deliver its first rate hike in this new tightening cycle on Thursday, US CPI lands Wednesday, and both the Fed and Bank of England decide in the following week. The dollar, for now, is holding the high ground — and that's the lens through which all three major pairs need to be read this morning. XAUUSD — Gold Holds Above $4,300, but Conviction Is Thin Gold spot is trading around $4,338, inside a session range of $4,269–$4,354. The yellow metal remains well off its…







