Posted at 26 May 2025 / Categories Market Roundups
Market Roundup
•Japan Coincident Indicator (MoM) (Mar) -1.4%, -1.3% forecast,0.9% previous
•Japan Leading Index (Mar) 108.1, 107.7 forecast,107.9 previous
•Japan Leading Index (MoM) (Mar) -0.1%, -0.5% forecast,-0.3% previous
•Sweden PPI (YoY) (Apr) -2.4%, -0.3% previous
•Sweden PPI (MoM) (Apr) -1.6%,-3.0% previous
•Swiss Employment Level (Q1) 5.512M, 5.534M previous
Looking Ahead Economic Data(GMT)
• 08:30 Hong Kong Exports (MoM) (Apr) 18.5% previous
• 08:30 Hong Kong Imports (MoM) (Apr) 16.6% previous
• 08:30 Hong Kong Trade Balance (Apr) -45.4B previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD: The euro strengthened against the dollar on Monday after President Donald Trump unexpectedly extended his threat to impose 50% tariffs on EU goods, offering a temporary reprieve from his unpredictable trade policy. Trump moved the trade talks deadline from June 1 to July 9, following a request from European Commission President Ursula von der Leyen for more time to secure a deal. Market sentiment had been stabilizing after last month’s sharp asset selloff, supported by Trump's pause on growth-damaging tariffs and optimism over recent trade agreements with Britain and China. However, Friday’s abrupt shift served as a stark reminder of the administration’s erratic and often incoherent decision-making. Immediate resistance can be seen at 1.1436(Higher BB), an upside break can trigger rise towards 1.1450(Higher BB).On the downside, immediate support is seen at 1.1535(23.6%fib), a break below could take the pair towards 1.1279(May 26th low).
GBP/USD: The British pound rose on Monday as risk appetite improved after U.S. President Donald Trump delayed his threat to impose 50% tariffs on the European Union by more than a month. Trump on Sunday backed off his threat to speed up 50% tariffs on imports from the EU, agreeing to extend his deadline for trade talks until July 9 after the head of the EU executive body said the bloc needed more time to reach a good deal. The dollar index, which measures the greenback against a basket of currencies, touched its lowest level since April 22. Sterling advanced as much as 0.38% to scale its highest level since February 2022.Immediate resistance can be seen at 1.3481(23.6%fib), an upside break can trigger rise towards 1.3516(Higher BB).On the downside, immediate support is seen at 1.3415(Daily low), a break below could take the pair towards 1.3290(38.2%fib).
AUD/USD: The Australian dollar climbed to a six-month high on Monday as improved risk sentiment followed President Donald Trump’s decision to delay a planned 50% tariff on EU goods. On Sunday, Trump backed away from imposing the tariffs next month, extending the deadline to July 9. While the rapid de-escalation eased fears of a global slowdown, it also underscored the unpredictability of U.S. trade policy. Looking ahead, Australia is set to release monthly CPI data on Wednesday and retail sales figures on Friday both closely watched after the central bank recently opened the door to further policy easing.At GMT 05:53, the Australia dollar was up 0.54% to 0.6526 against the dollar. Immediate resistance can be seen at 0.6540(Daily high), an upside break can trigger rise towards 0.6580(23.6%fib).On the downside, immediate support is seen at 0.6486(38.2%fib), a break below could take the pair towards 0.6412(50%fib).
USD/JPY: The U.S. dollar ticked up against the yen on Monday, as hopes for a U.S.-Japan trade deal and expectations of further BoJ rate hikes kept investors cautious.Meanwhile,Trump announced the decision to put off EU tariffs until July 9 on Sunday, following a call with European Commission President Ursula von der Leyen, who asked for more time to reach an agreement. July 9 is the end of the 90-day pause on Trump's April 2 "Liberation Day" levies on the EU and most other trade partners. The de-escalation just two days after Trump issued the threat is a stark reminder of how suddenly U.S. trade policy can turn, even as it encouraged investors that deals can be struck and calmed worries about a global downturn. Immediate resistance can be seen at 144.45 (38.2%fib)an upside break can trigger rise towards 145.00(Psychological level) .On the downside, immediate support is seen at 142.97(23.6%fib)a break below could take the pair towards 141.30(Lower BB)
Equities Recap
Asia stocks was mixed on Monday after President Donald Trump unexpectedly extended his threat to impose 50% tariffs on EU goods by over a month, offering another temporary reprieve from his unpredictable trade policy.
Japan’s Nikkie was up 1.01% , South Korea's KOSPI was up 2.02%,Hang Seng was down by 1.40 %.
Commodities Recap
Oil prices posted modest gains on Monday after President Trump extended the EU trade talks deadline, easing fears that U.S. tariffs on the bloc could weigh on the global economy.
Brent crude futures rose 18 cents, or 0.28%, to $64.96 a barrel by 0653 GMT while U.S. West Texas Intermediate crude was up 17 cents, or 0.28%, at $61.7 a barrel.
Gold prices eased from a two-week high on Monday after President Trump pushed the EU trade deal deadline to July 9, reversing his earlier threat to impose a 50% tariff starting June 1.
Spot gold was down 0.6% at $3,337.64 an ounce, as of 0659 GMT. U.S. gold futures fell nearly 1% to $3,336.50.