Platinum trades near $1,630/oz, eight-month lows, even as WPIC forecasts a fourth straight 297koz deficit. Base $1,600-$1,900, bull $2,200, bear $1,450 into Q3 2026.
AUD/USD trades near 0.6940 below its rate differential. A twin-hawk RBA-Fed standoff keeps it range-bound; base 0.68-0.72, bull 0.73 (OCBC), bear 0.67 (JPMorgan).
EUR/USD at 1.1426 reaches 1.18 by end-Q3 2026 as the 1.38pp Fed-ECB spread compresses toward 0.88pp. Targets, the 2011 analogue risk, and what kills the call.
Copper to $6.60/lb by end-Q3 2026: Grasberg at 60%, Kamoa cut 22.5%, Chile down 9% — the mine-supply crunch case, targets and what would invalidate it.
Silver price forecast: $70/oz base case by September 30, 2026 on a sixth straight deficit and the Warsh repricing — levels, bank targets and what kills it.
Gold price forecast upgraded: $4,400/oz base case by September 30, 2026 as Warsh turns dovish and June payrolls stall — levels, scenarios and what kills it.
NZD/USD to 0.60 by Q3 2026: NZ curve prices three RBNZ hikes as CPI heads to 4.2% while US hike bets unwind. Targets, levels and the four kill switches.
DXY falls to 99 by the September 2026 FOMC as hike premium bleeds: September odds dropped 67% to 50% on a 57K payrolls print. Invalidation: 102.5 weekly close.