Posted at 11 June 2025 / Categories Market Roundups
Market Roundup
• Italian 12-Month BOT Auction 1.983%, 1.959% previous
• German 10-Year Bund Auction 2.540%, 2.660% previous
Looking Ahead Economic Data(GMT)
•12:30 US Core CPI (YoY) (May) 2.9% forecast,2.8% previous
•12:30 US Core CPI (MoM) (May) 0.3% forecast, 0.2% previous
•12:30 US Core CPI Index (May) 326.43 previous
•12:30 US CPI (MoM) (May) 0.2% forecast, 0.2% previous
•12:30 US CPI (YoY) (May) 2.5% forecast, 2.3% previous
•12:30 US CPI Index, n.s.a. (May) 320.80 previous
•12:30 US CPI Index, s.a (May) 320.32 previous
•12:30 US CPI, n.s.a (MoM) (May) 0.31% previous
•12:30 US Real Earnings (MoM) (May) -0.1% previous
•12:30 US Building Permits (MoM) (Apr) 1.9% forecast, -4.1% previous
•14:30 US Crude Oil Inventories -2.400M forecast, -4.304M previous
•14:30 US Gasoline Inventories 1.100M forecast,5.219M previous
•15:00 US Cleveland CPI (MoM) (May) 0.3% previous
Looking Events And Other Releases Data(GMT)
•No Events Ahead
Currency Summaries
EUR/USD: The euro edged lower on Wednesday as markets remained on edge ahead of the May U.S. inflation data, The May consumer prices report (CPI) is due at 8:30 a.m. ET, with economists polled by Reuters expecting a 0.2% rise month-over-month and a 2.5% increase on an annual basis, slightly higher than April as tariffs potentially raised underlying price pressures.Traders are pricing in 44 basis points of rate cuts by year-end. They are penciling in a 52% chance of a 25 bps cut in September, according to the CME Group's FedWatch tool. Policymakers are widely expected to keep rates unchanged next week. The euro edged down 0.1% to $1.1433 , nudging the dollar index up to 99.041 . The euro edged down 0.1% to $1.1433, nudging the dollar index up to 99.041. Immediate resistance can be seen at 1.1509(23.6%fib), an upside break can trigger rise towards 1.1551(Higher BB).On the downside, immediate support is seen at 1.1335(50%fib), a break below could take the pair towards 1.1226(50%fib).
GBP/USD: The British pound edged lower on Wednesday as Finance Minister Rachel Reeves unveiled a £2 trillion spending review, outlining allocations through 2029. The plan includes a £7 billion investment to add 14,000 prison places, up to £700 million annually for probation system reforms, and a 2.3% average annual real-terms boost in police funding, totaling over £2 billion.Meanwhile, investors remained cautious ahead of the U.S. May inflation report, watching closely for signs that President Trump’s tariff policies may be influencing price pressures and economic momentum. Immediate resistance can be seen at 1.3586(23.6%fib), an upside break can trigger rise towards 1.3645(Higher BB).On the downside, immediate support is seen at 1.3440(38.2%fib), a break below could take the pair towards 1.3338(50%fib).
AUD/USD: The Australian dollar slipped slightly on Wednesday as investors remained cautious despite the announcement of a provisional trade framework between the U.S. and China. After two days of high-level negotiations in London, U.S. Commerce Secretary Howard Lutnick said the agreement adds “meat on the bones” to the initial deal reached in Geneva last month, aimed at easing punishing bilateral tariffs that had soared into triple digits.While the tentative framework initially lifted market sentiment, the lack of concrete details or a formal agreement left investors wary, limiting follow-through gains in risk assets like the Aussie dollar. At GMT 12:15, the Australian dollar was trading down 0.30% at 0.6503 against greenback. Immediate resistance can be seen at 0.6539(23.6%fib), an upside break can trigger rise towards 0.6559(Higher BB).On the downside, immediate support is seen at 0.6499(38.2%fib), a break below could take the pair towards 0.6411(May 30th low).
USD/JPY: The U.S. dollar edged higher against the Japanese yen on Wednesday as investors stayed cautious ahead of the upcoming U.S. consumer inflation report.The upcoming CPI report is expected to influence market expectations around the Federal Reserve's interest rate outlook, keeping investors hesitant to take large positions in the pair.Median forecasts project a 0.2% monthly rise in headline CPI and a 0.3% increase in core CPI, pushing annual rates to 2.5% and 2.9%, respectively.Markets will also be watching a $39 billion 10-year Treasury auction, seen as a gauge of demand for U.S. debt amid rising concerns over a costly tax and spending bill moving through Congress.At GMT 12:25, the dollar was trading up 0.28% at 145.27 against Japanese yen. Immediate resistance can be seen at 145.69 (50%fib)an upside break can trigger rise towards 146.25(Higher BB) .On the downside, immediate support is seen at 143.13(38.2%fib)a break below could take the pair towards 142.33(Lower BB)
Equities Recap
European shares were mostly steady on Wednesday as investors awaited a crucial U.S. inflation report and weighed the potential impact of a U.S.-China trade agreement.
At GMT (12:22) UK's benchmark FTSE 100 was last trading up at 0.02 percent, Germany's Dax was down by 0.04 percent, France’s CAC was down by 0.18 percent.
Commodities Recap
Oil prices climbed to a seven-week high on Wednesday, supported by cautious optimism around U.S.-China trade talks and fading hopes for progress in U.S.-Iran nuclear negotiations.
Brent crude futures were up 82 cents, or 1.2%, to $67.69 a barrel at 1028 GMT, while U.S. West Texas Intermediate crude was up 96 cents, or 1.5%, to $65.94.
Gold prices edged higher on Wednesday as caution persisted over the uncertain U.S.-China trade truce, with investors awaiting key U.S. inflation data for signals on the Fed’s rate outlook.
Spot gold was up 0.3% to $3,330.69 an ounce at 1122 GMT. U.S. gold futures were up 0.3% to $3,351.60.