Posted at 15 April 2025 / Categories Market Roundups
Market Roundup
• Investors await clarity around US tariffs
• US Treasuries stabilize after brutal week
• UK Average Earnings ex Bonus (Feb) 5.9%, 6.0% forecast,5.8% previous
• UK Average Earnings Index +Bonus (Feb) 5.7% forecast, forecast,5.6% previous
• UK Claimant Count Change (Mar) 18.7K, 30.3K forecast, 16.5K previous
• UK Employment Change 3M/3M (MoM) (Feb) 206K,144K previous
• UK Unemployment Rate (Feb) 4.4%,4.4% forecast, 4.4% previous
• UK German WPI (MoM) (Mar) -0.2%,0.2% forecast, 0.6% previous
• French CPI (MoM) (Mar) 0.2%,0.2% forecast, 0.0% previous
• French CPI (YoY) (Mar) 0.8%, 0.8% forecast, 0.8% previous
• French HICP (YoY) (Mar) 0.9%,0.9% forecast, 0.9% previous
• French HICP (MoM) (Mar) 0.2%,0.2% forecast, 0.1% previous
Looking Ahead Economic Data(GMT)
•09:00 German ZEW Current Conditions (Apr) -86.0 forecast, -87.6 previous
•09:00 German ZEW Economic Sentiment (Apr) 10.6 forecast,,51.6 previous
•09:00 EU Industrial Production (YoY) (Feb) -0.8% forecast,,0.0% previous
•09:00 EU Industrial Production (MoM) (Feb) 0.1% forecast,, 0.8% previous
•09:00 EU ZEW Economic Sentiment (Apr) 13.2 forecast, 39.8 previous
•09:30 EU German 5-Years Bobl Auction 2.440% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD: The euro hovered near a three-year higher on Tuesday as investors remained uncertain amid the ongoing back-and-forth over U.S. tariff policy. On Monday, Trump said he was considering changes to the 25% tariffs on auto and auto parts imports from countries like Mexico and Canada. This came after Friday’s decision to exempt smartphones, computers, and certain electronics from U.S. tariffs. However, the relief was short-lived, as the administration later intensified investigations into semiconductor imports, with Trump indicating new tariff rates would be announced within the week. Investors now await the European Central Bank's policy meeting on Thursday, with markets widely anticipating a 25-basis-point rate cut. The dollar held near a three-year trough against the euro at $1.1346. Immediate resistance can be seen at 1.1388(38.2%fib), an upside break can trigger rise towards 1.1520(23.6%fib).On the downside, immediate support is seen at 1.1388(50%fib), a break below could take the pair towards 1.1141(61.8%fib).
GBP/USD: The British pound strengthened against the U.S. dollar on Tuesday as dollar continued to waken amid continued uncertainty over U.S. President Donald Trump's tariff plans and their impact on the global economy. Market focus has been on the ever-shifting tariff headlines with the U.S. removing smartphones and other electronics from its duties on China over the weekend providing some relief, although comments from President Donald Trump suggested the reprieve is likely to be for a short time.Trump's imposition and then abrupt postponement of most tariffs on goods imported to the U.S. has sowed confusion, adding to the uncertainty for investors and policymakers around the world. The dollar index , which measures the U.S. currency against six other units, was at 99.641, not far from the three-year low it touched last week. Immediate resistance can be seen at 1.3221(23.6%fib), an upside break can trigger rise towards 1.3257(Higher BB).On the downside, immediate support is seen at 1.3163(Daily low), a break below could take the pair towards 1.3095(38.2%fib).
AUD/USD: Australian dollar strengthened on Tuesday as Australian dollar was boosted by improved risk sentiment after U.S. President Donald Trump signaled potential exemptions from planned auto tariffs.Overnight, Trump indicated he might adjust the 25% tariffs placed on foreign auto and auto parts imports.Earlier, the White House exempted certain electronic items from high tariffs on Chinese imports, but later launched an investigation into semiconductor imports.The Reserve Bank of Australia's April meeting minutes, released Tuesday, highlighted concerns over tariffs and suggested potential for further easing in May.At GMT 05:40, the Australian dollar was trading higher 0.61% at $0.6365 against US dollar. Immediate resistance can be seen at 0.6379(Daily high), an upside break can trigger rise towards 0.6405(23.6%fib).On the downside, immediate support is seen at 0.6319(38.2%fib) , a break below could take the pair towards 0.6277(April 11th low).
USD/JPY: The dollar edged higher against Japanese yen on Tuesday as investors remained cautious amid the ongoing uncertainty surrounding U.S. tariff policy. Japan, a long-time U.S. ally, faces 24% tariffs on its exports to the U.S, though most of these have been paused for 90 days under Trump's "reciprocal" tariff approach. However, a 10% universal tariff remains, along with a 25% duty on automobiles especially significant since cars make up about 28% of Japan's exports to its largest trade partner Japan is preparing for trade talks with the U.S. this week, where currency policy is expected to be a key issue. Some Japanese officials anticipate U.S. pressure on Tokyo to support the yen. Finance Minister Katsunobu Kato emphasized that both countries agree markets should determine exchange rates and warned that excessive, erratic currency swings can harm economic and financial stability.Immediate resistance can be seen at 143.59 (Daily high) an upside break can trigger rise towards 144.00(Psychological level) On the downside, immediate support is seen at 142.63 (23.6%fib) a break below could take the pair towards 142.00(Psychological level).
Equities Recap
Asia shares rose on Tuesday but futures pointed to weakness in Europe and the United States after President Donald Trump suggested he might grant exemptions on auto-related tariffs.
Japan's Nikkei 225 was up 0.89% , South Korea's KOSPI was up 0.88 %,Hang Seng was up by 0.13%
Commodities Recap
Gold prices climbed on Tuesday as uncertainty surrounding U.S. President Donald Trump's tariff plans persisted, raising concerns about their potential impact on the global economy.
Spot gold was up 0.5% to $3,226.24 an ounce, as of 0651 GMT, not far from Monday's record high of $3,245.42.U.S. gold futures rose 0.5% to $3,242.50.
Oil prices edged up on Tuesday, boosted by new tariff exemptions suggested by U.S. President Donald Trump and a rebound in China's crude oil imports, driven by expectations of tighter Iranian supply.
Brent crude futures gained 25 cents, or 0.4%, to $65.13 per barrel by 0630 GMT, while U.S. West Texas Intermediate crude was up 28 cents, or 0.5%, to $61.81.