Posted at 12 June 2025 / Categories Market Roundups
Market Roundup
• US Core PPI (MoM) (May): 0.1%, 0.3% forecast, -0.2% previous
• US Core PPI (YoY) (May): 3.0%, 3.1% forecast, 3.2% previous
• US Initial Jobless Claims: 248K, 242K forecast, 248K previous
• US Jobless Claims 4-Week Avg.: 240.25K, 235.25K previous
• US PPI (MoM) (May): 0.1%, 0.2% forecast, -0.2% previous
• US PPI (YoY) (May): 2.6%, 2.6% forecast, 2.5% previous
• US PPI ex. Food/Energy/Transport (MoM) (May): 0.1%, -0.1% previous
• US PPI ex. Food/Energy/Transport (YoY) (May): 2.7%, 2.9% previous
• US Natural Gas Storage: 109B, 108B forecast, 122B previous
• US 4-Week Bill Auction: 4.080%, 4.170% previous
• US 8-Week Bill Auction: 4.380%, 4.225% previous
Looking Ahead Events And Other Releases(GMT)
• 04:30 Japan Capacity Utilization (MoM) (Apr): -2.4% previous
• 04:30 Japan Industrial Production (MoM) (Apr): -0.9% forecast, 0.2% previous
• 04:30 Japan Tertiary Industry Activity Index (Apr): 15.80 previous
Looking Ahead Events And Other Releases(GMT)
•No events Ahead
Currency Summaries
EUR/USD: The euro climbed to its highest level in four years against the U.S. dollar on Thursday as softer-than-expected producer price inflation print and Wednesday's underwhelming consumer price rise weighed o greenback. The greenback faced additional pressure after President Donald Trump's announcement that U.S. personnel would be moved out from the Middle East due to escalating tensions. The sparse details surrounding the U.S.-China preliminary trade truce, agreed upon earlier in the week, did little to bolster the dollar. The euro reached its highest since late 2021 at $1.1634 and was last up 0.70% at $1.1568. Immediate resistance can be seen at 1.1620(23.6%fib), an upside break can trigger rise towards 1.1653(Higher BB).On the downside, immediate support is seen at 1.1491(Daily low), a break below could take the pair towards 1.1416(38.2%fib).
GBP/USD: The British pound strengthens against the U.S. dollar on Thursday as weaker dollar offset downbeat UK GDP data. The dollar weakened on Thursday amid rising expectations of Fed rate cuts and ongoing uncertainty surrounding global tariff disputes. Data showed that the British economy shrank more-than-expected, the biggest monthly drop since October 2023.Gross domestic output shrank by a larger-than-expected 0.3% in April from March - the biggest monthly drop since October 2023 and more than the 0.1% fall forecast in a Reuters poll, following 0.2% growth in March.Finance Minister Rachel Reeves called the figures disappointing, just a day after presenting a multi-year £2 trillion spending plan. Immediate resistance can be seen at 1.3610(23.6%fib), an upside break can trigger rise towards 1.3733(Higher BB).On the downside, immediate support is seen at 1.3452(38.2%fib), a break below could take the pair towards 1.3339(50%fib).
USD/CAD: The Canadian dollar strengthened on Thursday to an eight-month high against its U.S. counterpart as the number of Americans filing new applications for unemployment benefits held U.S. The U.S. dollar fell 0.7% against a basket of major Treasury Secretary Scott Bessent said he expects to attend the Group of Seven leaders meeting in Canada, which begins on Sunday, with President Donald Trump, and he expects the two of them will meet with Carney.The price of oil, one of Canada's major exports, added to the previous session's sharp gains as market participants assessed tensions in the Middle East. U.S. crude oil futures were up 0.1% at $68.20 a barrel.at an eight-month high last week, while slowing domestic demand helped to restrain U.S. producer prices in May. Immediate resistance can be seen at 1.3722(June 9th high), an upside break can trigger rise towards 1.3783 (38.2% fib).On the downside, immediate support is seen at 1.3633(23.6% fib), a break below could take the pair towards 1.3587(Lower BB).
USD/JPY: The U.S. dollar weakened against the Japanese yen on Thursday as rising middle east tensions and soft U.S. inflation data boosted demand for safe-haven assets. The yen gained after the U.S. signaled slow progress in nuclear talks with Iran and Israel warned of potential military action. President Trump urged Israeli Prime Minister Netanyahu to show restraint, while also announcing the withdrawal of U.S. personnel from the region over security concerns. Meanwhile, the dollar dipped further following a weaker-than-expected rise in May CPI, though inflation may pick up due to import tariffs. Against a basket of currencies, the dollar index was last down 0.08% at 97.38. Japanese yen strengthened, pushing the dollar down 0.13% against the yen. Immediate resistance can be seen at 144.26 (38.2%fib)an upside break can trigger rise towards 143.00 (Psychological level) .On the downside, immediate support is seen at 142.28(38.2%fib)a break below could take the pair towards 141.66(Lower BB)
Equities Recap
European shares fell for a fourth straight session on Thursday as rising geopolitical tensions dampened investor sentiment.
UK's benchmark FTSE 100 closed up by 0.23 percent, Germany's Dax ended down by 0.74 percent, France’s CAC finished the day down by 0.14 percent.
The S&P 500 closed higher on Thursday, lifted by Oracle’s upbeat AI-driven outlook, which helped counterbalance concerns over Middle East tensions and a decline in Boeing shares.
Dow Jones traded up at 0.24% percent, S&P 500 closed up by 0.38% percent, Nasdaq settled up by 0.24% percent
Commodities Recap
Gold prices climbed to a one-week high on Thursday, driven by escalating Middle East tensions and softer U.S. economic data that boosted expectations of Fed rate cuts.
Spot gold gained 0.9% to $3,383.22 an ounce by 1408 ET (1808 GMT), its highest Spot gold gained 0.9% to $3,383.22 an ounce by 1408 ET (1808 GMT), its highest level since June 5.ighest level since June 5.
Oil prices eased slightly on Thursday as traders took profits following a 4% surge in the previous session, sparked by fears that escalating Middle East tensions could disrupt supply.
Brent crude futures settled down 41 cents, or 0.6%, at $69.36 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.2%, to settle at $67.97 a barrel.