Posted at 26 May 2025 / Categories Market Roundups
Market Roundup
•Finnish Export Price Index (YoY) (Apr) -1.4%,0.9% previous
•Finnish Import Price Index (YoY) (Apr) -3.4%,-1.3% previous
•Finnish PPI (YoY) (Apr) -1.1% ,0.5% previous
•Sweden PPI (MoM) (Apr) -1.6%, -3.0% previous
•Sweden PPI (YoY) (Apr) -2.4% -0.3% previous
•Swiss Employment Level (Q1) 5.512M,5.534M previous
•Spanish PPI (YoY) (Apr) 1.9%, 4.6% previous
Looking Ahead Economic Data(GMT)
•12:30 Canada Manufacturing Sales (MoM) (Apr) -1.4% previous
• 13:00 French 12-Months BTF Auction 1.947% previous
•13:00 French 3-Month BTF Auction 2.042% previous
• 13:00 French 6-Months BTF Auction 2.011% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD: The euro gained on Monday as the U.S. dollar continued its decline, pressured by President Donald Trump’s abrupt policy reversals and ongoing fiscal concerns tied to his expansive spending and tax-cut legislation. On Sunday, Trump announced a delay in imposing tariffs on the European Union until July 9, following a phone call with European Commission President Ursula von der Leyen, who requested more time for negotiations. The new deadline marks the end of a 90-day pause on the tariffs originally threatened on April 2, dubbed “Liberation Day” by Trump. The swift reversal just two days after the initial threat highlights the unpredictability of U.S. trade policy. The euro climbed as much as 0.55% to reach $1.1418 for the first time since April 29. It was last up 0.36% on the day at $1.1394. 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 strengthened on Monday after U.S. President Donald Trump extended the deadline for trade talks with the European Union, easing near-term investor concerns over his unpredictable trade policies.Trump postponed the planned 50% tariffs on EU imports from June 1 to July 9, allowing more time for negotiations with the 27-nation bloc. The move follows a series of sweeping tariffs introduced since April 2, and subsequent pauses that have fueled global uncertainty.While market sentiment had recently stabilized after temporary U.S. agreements with the UK and China, Trump’s latest shift served as a reminder that trade tensions remain unresolved. 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, buoyed by improved risk sentiment after U.S. President Donald Trump delayed a planned 50% tariff on EU goods.On Sunday, Trump stepped back from imposing the tariffs in June, extending the deadline to July 9, offering markets a temporary reprieve. While the de-escalation helped ease fears of a global economic slowdown, it also highlighted the ongoing 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 11:51, the Australia dollar was up 0.36% to 0.6506 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, supported by optimism over a potential U.S.-Japan trade deal and growing expectations of further Bank of Japan (BoJ) rate hikes, keeping investors cautious. Japan’s chief tariff negotiator, Ryosei Akazawa, plans to visit the U.S. again on May 30 for a fourth round of trade talks, just a week after his current visit. A major gap remains between Washington, which is unwilling to reduce auto and steel tariffs, and Tokyo, which continues to push for their removal. The Bank of Japan remains on course to raise interest rates and gradually taper bond purchases setting it apart from its rate-cutting peers .Looking ahead, markets will focus on Japan’s upcoming inflation data later this week as investors assess the BoJ’s monetary policy direction.. 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
European stocks surged sharply on Monday, set to recover losses from the previous session, following relief after U.S. President Donald Trump postponed his threat to impose a 50% tariff on EU imports.
At GMT (11:40) UK's benchmark FTSE 100 was last trading down at 0.24 percent, Germany's Dax was down by 1.74 percent, France’s CAC was up by 1.24 percent.
Commodities Recap
Oil prices climbed on Monday after U.S. President Donald Trump extended the deadline for trade negotiations with the European Union, easing fears that tariffs could dampen fuel demand.
Brent crude futures rose 39 cents, or 0.6%, to $65.17 a barrel by 0919 GMT while U.S. West Texas Intermediate crude was up 33 cents, or 0.5%, at $61.86 a barrel.
Gold prices fell on Monday after U.S. President Donald Trump reversed his plan to impose 50% tariffs on European Union goods starting June 1, easing market uncertainty and reducing demand for the safe-haven asset.
Spot gold was down 0.8% at $3,329.78 an ounce, as of 1036 GMT. U.S. gold futures fell 1.1% to $3,329.20.