Posted at 13 June 2025 / Categories Market Roundups
Market Roundup
• Japan Capacity Utilization (MoM) (Apr) 1.3%, -2.4% previous
• Japan Industrial Production (MoM) (Apr) -1.1%, -1.2%forecast, 0.2% previous
• Japan Tertiary Industry Activity Index (Apr) -10.90 ,14.90 previous
Looking Ahead Economic Data(GMT)
• 08:00 Italian Trade Balance (Apr) 2.730B forecast, 03.657B previous
• 08:00 Italian Trade Balance EU (Apr) -2.45B previous
• 08:00 French CPI NSA (MoM) (May)-0.10% previous
• 08:00 French CPI NSA (YoY) (May) 0.70% previous
•08:30 UK Inflation Expectations 3.4% previous
•09:00 EU Industrial Production (YoY) (Apr) 1.4% forecast, 3.6% previous
•09:00 EU Industrial Production (MoM) (Apr) -1.6% forecast, 2.6% previous
•09:00 EU Trade Balance (Apr) 18.2B forecast, 36.8B previous
Looking Ahead Events And Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD: The euro slipped from a four-year high against the U.S. dollar on Friday as the greenback strengthened amid rising geopolitical tensions. The dollar gained after Israel launched widescale strikes on Iran, triggering an Iranian drone retaliation. Israel stated it had targeted a broad range of military facilities across Iran, in what it described as a direct response to previous Iranian aggression. Meanwhile, U.S. and Iranian officials were scheduled to hold a sixth round of talks in Oman on Sunday, aimed at addressing Tehran’s uranium enrichment programme. Adding to the tension, Israel’s ambassador to the United Nations emphasized that the military action was a sovereign decision, signaling Tel Aviv's continued readiness to act independently in the region. The euro reversed a four-day rally to trade down 0.3% at $1.155. Immediate resistance can be seen at 1.1631(23.6%fib), an upside break can trigger rise towards 1.1648(Higher BB).On the downside, immediate support is seen at 1.1508(Daily low), a break below could take the pair towards 1.1384(38.2%fib).
GBP/USD: The British pound weakened against the U.S. dollar on Friday as risk appetite declined amid rising geopolitical tensions in the Middle East. The move followed reports that Israel carried out a preemptive strike targeting Iranian nuclear facilities, missile factories, and military commanders, aimed at halting Tehran’s alleged push for atomic weapons.U.S. Secretary of State Marco Rubio described the Israeli action as a “unilateral move”, emphasizing that Washington was not involved. The situation comes amid a stalemate in Trump’s efforts to revive a nuclear deal with Iran.Meanwhile, U.S. and Iranian officials are set to hold a sixth round of talks in Oman on Sunday, focusing on Tehran’s uranium enrichment programme, which has continued to escalate. Immediate resistance can be seen at 1.3637(23.6%fib), an upside break can trigger rise towards 1.3692(Higher BB).On the downside, immediate support is seen at 1.3527(Daily low), a break below could take the pair towards 1.3452(38.2%fib)
AUD/USD: The Australian dollar fell sharply on Friday, weighed down by a broad risk-off sentiment that gripped global markets following reports that Israel had launched strikes against Iran. The geopolitical escalation triggered a flight to safety, boosting demand for the U.S. dollar and other safe-haven assets, while pressuring risk-sensitive currencies like the Aussie.Adding to the uncertainty, the AUKUS security pact is under review, raising concerns about the future of Australia–U.S. trade relations and strategic alignment.Looking ahead, investors will closely watch Friday’s University of Michigan consumer sentiment survey for insights into U.S. consumer health, while the upcoming FOMC policy decision next Wednesday remains the primary macro risk event. Immediate resistance can be seen at 0.6497(Higher BB), an upside break can trigger rise towards 0.6515(23.6%fib).On the downside, immediate support is seen at 0.6429(38.2%fib), a break below could take the pair towards 0.6373(Lower BB).
USD/JPY: The U.S. dollar edged higher on Friday as investors sought safety in dollar following reports that Israel launched a series of strikes on Iran. The strikes reportedly targeted nuclear facilities, missile factories, and senior military figures, with explosions reported near Iran’s main uranium enrichment site, according to Iranian media and eyewitnesses.While Iran maintains its nuclear program is for peaceful purposes, the escalation intensified market jitters. Investor sentiment was already fragile this week due to ongoing uncertainty around the U.S.-China trade truce and concerns over the lingering economic impact of tariffs, including those partially rolled back since April 2’s peak levels.At GMT 08:00, the dollar was trading up 0.27% at 143.87 against Japanese yen. Immediate resistance can be seen at 144.26 (38.2%fib)an upside break can trigger rise towards 145.00 (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
Asian stock markets tumbled on Friday after Israel launched a military strike on Iran, rattling investor sentiment and triggering a broad flight to safety.
Japan's Nikkei 225 was down 0.92% , South Korea’s KOSPI was down 0.87%,Hang Seng was down by 0.80%.
Commodities Recap
Gold prices climbed on Friday to their highest levels in nearly two months, as escalating geopolitical tensions in the Middle East drove investors toward safe-haven assets.
Spot gold was up 1.2% at $3,423.30 an ounce, as of 0544 GMT, after hitting its highest since April 22 earlier in the session. Bullion has gained more than 3.4% so far this week.
Oil prices surged over $4 a barrel on Friday, reaching their highest level in nearly five months, after Israel launched strikes on Iran, sharply escalating Middle East tensions.
Brent crude futures jumped $4.60, or 6.63%, to $73.96 a barrel by 0612 GMT after hitting an intraday high of $78.50, the highest since January 27. U.S. West Texas Intermediate crude was up $4.99, or 7.33%, at $73.03 a barrel after hitting a high of $77.62, the loftiest since January 21.