Swingfolio Daily
ASX briefings — Tuesday 16 June 2026
Morning setup and afternoon close recap for Tuesday 16 June 2026. Observations only — no trade advice.
Tuesday 16 June 2026
ASX to open higher as US-Iran peace deal sinks oil and lifts Wall Street; RBA decides today (16 June 2026)
A preliminary US-Iran agreement to reopen the Strait of Hormuz crashed crude and powered Wall Street, with the Nasdaq up 3.07% and the VIX down 8.4%. The S&P/ASX 200 is indicated up about 1.2% at the open. The day's domestic pivot is the RBA cash rate decision at 2.30pm AEST, with the rate at 4.35% after three 2026 hikes and consensus leaning to a hold.
ASX 200 closes flat at 8,917 as RBA holds at 4.35%; lithium and tech offset bank and gold gains
The ASX 200 finished up just 3.7 points at 8,917.7 after recovering an early 0.9% slide on the RBA's decision to hold the cash rate at 4.35%. Bank gains (WBC.AU +1.22%, NAB.AU +1.15%) and a gold-miner bid offset a lithium washout (LTR.AU -8.48%, CXO.AU -8.33%) and local tech selling (WTC.AU -4.22%). Karoon fell 11.56% on a guidance cut; IperionX led fallers at -13.79%.