Daily Forex Update for Tuesday, June 16, 2026

Welcome to NeelyFX. My name is Michael Neely and this is the channel where I talk about Forex, Forex trading, prop firm trading and creating and testing Expert Advisors for the MetaTrader 4 and MetaTrader 5 platforms and hopefully helping you become better traders. Welcome to my Daily Forex Update. Welcome new subscribers! 00:00:00 Welcome to NeelyFX 00:01:08 Risk disclosure 00:02:15 My Expert Advisors 00:03:04 TradingForexForProfit.com 00:04:32 Market Sentiment 00:05:49 Audacity Capital's Trader's Cup for June 00:06:40 US10Y, JP10Y and the yen carry trade 00:08:36 DXY, EURUSD, GBPUSD, USDCHF 00:09:46 Yen pairs 00:10:23 NYMEX crude oil 00:10:44 USDCAD and AUDUSD 00:11:31 Precious metals 00:12:20 Software sector 00:13:02 Electricity Prices 00:14:53 Conclusion The BOJ and RGBA rate decisions are behind us and there is very little that has changed based on those two event. The Memorandum of Understanding between the US and Iran just opens further talks to agree to have an agreement at a later date. NYMEX crude oil prices coming down is still the biggest event from that. Check out the video for more information on today's trading environment. The June Trader's Cup challenge is on from Audacity Capital and we will see if I can put together my first profitable month in these challenges. Feel free to check out my new trading platform at https://tradingforexforprofit.com. Checkout my Bollinger Band and Mean Reversion Pro Expert Advisor for MetaTrader 4 here: https://www.mql5.com/en/market/produc... Interested in prop firm trading? Click here to learn about prop firm trading with Audacity Capital: https://bit.ly/3MT6bqW If you're a beginner at Forex, I highly recommend checking out BabyPips.com's School of Pipsology: https://www.babypips.com/learn/forex Stay tuned for more updates and trading fun! #forextrader #tradingstrategy #gold #silver #eurusd #usdjpy #gbpjpy #gbpusd #swingtrading Full disclosure: This channel is for educational and entertainment purposes only and does not constitute financial or trading advice. I am a professional trader, not a broker, trading my own capital. I do not solicit funds, manage client accounts, nor do I hold CFTC or NFA registration. Forex trading is highly speculative with a high risk of losing some or all your investment capital. Only trade with funds you can comfortably afford to lose. CFTC Risk Disclosure: Forex trading carries a high level of risk that may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before trading Forex, consider your investment objectives, experience, and risk appetite. You could sustain a loss of some or all your investment capital. My broker for all my trading accounts at present are Forex.com for Forex trading and Schwab and Stash for stocks, ETFs and metals. I do not receive any compensation from these companies for mentioning them, they are the brokers that give me access to the markets. I also have a day job and trading is not my sole source of income. All my recommendations are my personal recommendations based on my experience. I do not earn money for promoting one company over another at this time. I am not an affiliate for other companies at this time. Follow me on X: https://x.com/michael_neely Get Started with investing with Stash: https://get.stash.com/michael_mj3hzmf Welcome to NeelyFX, where I discuss forex and prop firm trading. In this daily forex analysis, I provide a forex market update and review trades from Friday, March 13, 2026. As a forex trader, my trading strategy doesn't always guarantee success, but I share my journey transparently. Stay tuned for more updates and trading fun!