Fed Hawks Boost Dollar; FTSE Slips as Reopened Strait Cools Oil

Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.31% on 19 June 2026.  

Macro Update: The delayed U.S.-Iran meeting stalled the reopening of the Strait of Hormuz, pushing oil to $80 and gold over $4,300, while the yen neared a 40-year low. Central banks remain hawkish as global GDP growth targets 2.2%. Simultaneously, the global green economy crossed a massive $10 trillion market valuation.  

Top Market Movers: Among top gainers on FTSE 100 index, BP PLC (LSE: BP.) witnessed a rise of 1.95% followed by Shell PLC (LSE: SHEL) witnessed a rise of 1.45%. 

Commodity Update: The U.S. dollar index climbed to a one-year high on Friday after the Federal Reserve’s hawkish stance strengthened expectations of additional interest rate increases this year. In the commodities market, gold declined by 1.23% to USD 4,194.20, silver dropped 2.48% to USD 64.66, and copper eased 0.59% to USD 13,621.00. Meanwhile, Brent crude oil fell 1.10% to USD 79.01 amid easing supply concerns following progress in U.S.-Iran peace discussions and the reopening of the Strait of Hormuz. 

Our Stance: The global green economy has hit a historic $10 trillion valuation, driven by strong climate spending. Yet, delayed U.S.-Iran diplomatic talks leave energy corridors fragile, keeping oil near $80. While central banks stay hawkish, resilient U.S. corporate spending and technology hardware infrastructure remain vital shock absorbers for growth.  

FTSE 100: The FTSE 100  Index is trading around 10,411.90, remaining in a consolidation phase while holding above its 63-day SMA of 10,375.89, indicating that the broader trend remains stable. Momentum conditions are neutral, with the 14-day RSI at 51.53, slightly above its average of 49.53. Immediate support is placed near 10,307.78, with the next support level at 10,203.66. On the upside, immediate resistance is seen around 10,516.02, while the next resistance level is located near 10,620.14. A decisive move beyond these levels could influence near-term market direction.