One-month skew for USD calls and CAD put options remains in favour of CAD puts – ING

TradingKey - Since late March, the US stock market has staged a strong rally. As of June 15, the Nasdaq Composite Index recorded a cumulative gain of 28%, the S&P 500 Index rose 18.8%, and the Dow Jones Industrial Average gained 14%. Entering June, the market experienced a notable correction during the release window for core macroeconomic data, with the technology sector leading the decline. Following the release of US non-farm payroll data on June 5, the Nasdaq Composite fell over 4% in a single day; after the CPI data was released on June 10, the Nasdaq recorded another single-day drop of over 2%. This long-awaited deep correction has once again reignited market discussions about the "AI valuation bubble," a hot topic from late last year. So, what exactly does the frequently mentioned AI bubble refer to?

TradingKey - Recently, after testing the $62.00 level again, silver prices (XAGUSD) continued to rebound on expectations of US-Iran peace talks, briefly surging to $70 this week. As of the European session on June 17, silver prices consolidated around $69.60. However, technical analysis shows a double-bottom pattern on the weekly chart, which may support a continued rise in silver prices.

TradingKey - On June 18, Eastern Time, the U.S. officially lifted its naval blockade on Iran, boosting market investment sentiment. The three major indices all closed higher, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average rose 0.14% to 51,564.70 points; the Nasdaq Composite Index gained 1.91% to 26,517.93 points; and the S&P 500 Index rose 1.08% to 7,500.58 points.

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.

TradingKey - SpaceX SPCX hit an intraday high of $225.64 on June 16 before pulling back to $205.96. Former Nasdaq CEO Robert Greifeld says SPCX trades on aspiration, not fundamentals. RKLB joins Nasdaq-100 in 5 days. Fib target $222.80.