Posted at 13 June 2025 / Categories Market Roundups
Market Roundup
• German CPI (YoY) (May): 2.1%, 2.1% forecast, 2.1% previous.
• German HICP (MoM) (May): 0.2%, 0.2% forecast, 0.5% previous.
• German HICP (YoY) (May): 2.1%, 2.1% forecast, 2.2% previous.
• German WPI (YoY) (May): 0.4%, 0.8% previous.
• German WPI (MoM) (May): -0.3%, -0.1% previous.
• French CPI NSA (YoY) (May): 0.7%, 0.7% previous.
•French CPI NSA (MoM) (May): -0.1%, -0.1% previous.
•French CPI (YoY) (May): 0.7%, 0.7% forecast, 0.8% previous.
• French CPI (MoM) (May): -0.1%, -0.1% forecast, 0.6% previous.
•French HICP (MoM) (May): -0.2%, -0.2% forecast, 0.7% previous.
•French HICP (YoY) (May): 0.6%, 0.6% forecast, 0.9% previous.
•Spain Inflation (YoY) (May): 0.6%, 0.8% previous.
•Spain Core CPI (YoY) (May): 2.2%, 2.1% forecast, 2.4% previous.
•Spain CPI (YoY) (May): 2.0%, 1.9% forecast, 2.2% previous.
•EU Industrial Production (YoY) (Apr): 0.8%, 1.4% forecast, 3.7% previous.
•EU Industrial Production (MoM) (Apr): -2.4%, -1.6% forecast, 2.4% previous.
•EU Trade Balance (Apr): €9.9B, €18.2B forecast, €37.3B previous
Looking Ahead Economic Data(GMT)
•12:30 Canada Capacity Utilization Rate (Q1): 79.6%, 79.8% previous.
•12:30 Canada Manufacturing Sales (MoM) (Apr): -2.1%, -1.4% previous.
•12:30 Canada New Motor Vehicle Sales (MoM) (Apr): 189.3K previous.
•12:30 Canada Wholesale Sales (MoM) (Apr): -0.9%forecast, 0.2% previous.
•14:00 US Michigan 1-Year Inflation Expectations (Jun): 6.6% previous.
•14:00 US Michigan 5-Year Inflation Expectations (Jun): 4.2% previous.
•14:00 US Michigan Consumer Expectations (Jun): 49.0 forecast, 47.9 previous.
•14:00 US Michigan Consumer Sentiment (Jun): 53.5 forecast, 52.2 previous.
•14:00 US Michigan Current Conditions (Jun): 59.4 forecast, 58.9 previous.
Looking Ahead Events And Other Releases(GMT)
• 15:00 EU ECB's Elderson Speaks
EUR/USD: The euro slipped from a four-year high on Friday as investors rushed into safety of dollar after Israel launched strikes against Iran, sparking Iranian retaliation. Israel said it targeted a wide range of military targets in Iran, in response to which Iran launched a barrage of drones.U.S. and Iranian officials were due to hold a sixth round of talks in Oman on Sunday on Tehran's uranium enrichment programme. Israel's ambassador to the United Nations said the government's determination to strike Iranian targets was an independent decision. Friday's developments created more uncertainty for investors navigating a broad range of concerns about the outlook for global trade and inflation.The euro reversed a four-day rally to trade down 0.57% at $1.1518. 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. Later on Friday, investors will assess the University of Michigan's preliminary survey out of the U.S. for a look at how consumers have fared this month.Decisions from the Fed, the Bank of Japan and the Bank of England are expected next week that could offer investors more clarity on the path ahead for interest rates. 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 as Israel's military strike on Iran sparked risk-off sentiment, pushing investors away to seek refuge in safe-haven assets. Israel launched large-scale strikes against Iran on Friday, targeting nuclear facilities and ballistic missile factories, to prevent Tehran from building an atomic weapon. Iran retaliated by launching 100 drones. .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 strengthened against yen 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 12:34, the dollar was trading up 0.49% at 144.19against 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
European shares were poised for a sharp drop on Friday after Israel launched large-scale strikes on Iran, sending oil prices up 7% and triggering a broad risk-off move.
At GMT (12:21) UK's benchmark FTSE 100 was last trading down at 0.11 percent, Germany's Dax was down by 0.17 percent, France’s CAC was down by 0.79 percent.
Commodities Recap
Gold hit a nearly two?month peak Friday as investors sought safety amid heightened Middle East tensions following Israel’s strikes on Iran.
Spot gold was up 1.1% at $3,419.69 an ounce as of 1125 GMT, after hitting its highest point since April 22 earlier in the session. Bullion has gained more than 3.3% so far this week.U.S. gold futures gained 1.1% to $3,439.90.
Oil surged nearly 9% on Friday to multi?month highs after Israel struck Iran, prompting retaliation and stoking fears of Middle East supply disruptions.
Brent crude futures were up $6.19, or around 8.9%, to $75.55 a barrel at 1019 GMT, after hitting an intraday high of $78.50, the highest since January 27.
U.S. West Texas Intermediate crude was up $6.22, or 9.1%, at $74.26 after hitting $77.62, its highest level since January 21.