Daily Market Overview - June 17, 2026

This Wednesday in the financial markets brings significant macroeconomic events that may influence the direction of quotes. At 6:00 (Warsaw time), we will receive inflation data from the United Kingdom (CPI y/y), where forecasts indicate an increase to 3.0% from the previous 2.8%. This data will be particularly important in the context of expectations for future monetary policy decisions by the Bank of England. However, the main highlight will be the afternoon events from the United States. At 18:00 (Warsaw time), the FOMC economic projections, FOMC statement, and interest rate decision will be published, with forecasts not anticipating any changes from the current level of 3.75%. At 18:30 (Warsaw time), a press conference will take place, which may provide additional insights into the Fed's future actions. Later in the evening, at 22:45 (Warsaw time), we will receive data on New Zealand's economic growth, where an improvement from 0.2% to 0.8% is expected.

In the context of this week's events, Monday's lack of high-impact data suggested a calmer start, but with increasing caution among investors, as evidenced by the decline in the Fear & Greed index. Tuesday's decisions from the Bank of Japan and the RBA did not bring major surprises, but indicated rising tensions in Asian markets. The persistent fear among investors, despite a slight increase in sentiment, further underscores the uncertainty regarding future monetary policy decisions.

Today could be a pivotal day for market developments, particularly in the context of the FOMC decision. Investors should pay close attention to the data at 18:00 (Warsaw time) and the press conference at 18:30 (Warsaw time), which may indicate new directions for U.S. monetary policy. It is also important to monitor the inflation results in the UK at 6:00 (Warsaw time), which could impact the pound and expectations regarding the Bank of England's actions. Potential volatility may also arise at 22:45 (Warsaw time) with the release of GDP data from New Zealand. Traders should prepare for dynamic movements during these times.

The current market sentiment indicates a moderate level of fear, with the Fear & Greed index at 39, suggesting that investors remain cautious. The 7-point increase in sentiment over the past week indicates a gradual recovery of confidence, but it is still far from the optimism seen a month ago when the index was at 62. Today's FOMC decisions could be pivotal, influencing sentiment and market direction in the coming weeks. The market is eagerly awaiting potential guidance on future Fed actions, which could have wide-ranging repercussions, especially for the US dollar.