Posted at 14 June 2025 / Categories Market Roundups
Market Roundup
• Canada Capacity Utilization Rate (Q1): 80.1%, 79.6%, 79.8% previous.
• Canada Manufacturing Sales (MoM) (Apr): -2.8%,-2.1%, -1.4% previous.
• Canada New Motor Vehicle Sales (MoM) (Apr): 195.7K ,189.3K previous.
• Canada Wholesale Sales (MoM) (Apr): -2.3%,-0.9%forecast, 0.2% previous.
• US Michigan 1-Year Inflation Expectations (Jun): 5.1% ,6.6% previous.
• US Michigan 5-Year Inflation Expectations (Jun): 4.1% , 4.2% previous.
• US Michigan Consumer Expectations (Jun): 58.4, 49.0 forecast, 47.9 previous.
• US Michigan Consumer Sentiment (Jun): 60.5 ,53.5 forecast, 52.2 previous.
• US Michigan Current Conditions (Jun): 63.7, 59.4 forecast, 58.9 previous.
Looking Ahead Economic Data(GMT)
•No Economic Data
Looking Ahead Events And Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD: The euro slipped lower on Friday as markets grabbed safe-haven assets as geopolitical tensions in the Middle East following an Israeli attack on Iran.Israel launched a barrage of strikes across Iran on Friday, attacking nuclear facilities and missile factories and killing a swath of military commanders. In retaliation, Iran's state news agency said hundreds of ballistic missiles had been launched.U.S. President Donald Trump, Israel's main ally, urged Iran to reach a deal on its nuclear program, suggesting that Tehran had brought the attack on itself by resisting a U.S. ultimatum in talks to restrict its uranium enrichment. The euro was down 0.4% at $1.1539, on track to snap four straight sessions of gains. It was on pace, however, for a second consecutive weekly rise against the dollar. 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 investors flocked to safe-haven assets as the conflict between Israel and Iran escalated. Iran launched retaliatory airstrikes at Israel on Friday night, with explosions heard in Jerusalem and Tel Aviv, the country's two largest cities, following Israel's biggest-ever military strike against its longstanding enemy.Amid the Middle East conflict, investors largely ignored data which showed U.S. consumer sentiment improved for the first time in six months in June. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index jumped to 60.5 this month, exceeding poll of economist expectations. 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)
USD/CAD: The Canadian dollar strengthened on Friday as fears of a wider conflict in middle east after an Israeli attack and Iranian retaliation led to sharp rise in oil prices. Investors rushed to safe-haven gold, pushing its price higher, while panic around the prospect of an all-out war triggered a spike in crude oil futures.Iran launched hundreds of ballistic missiles toward Israel, Iranian media reported. This was in response to a strike by Israel on Iran's nuclear sites, spurring widespread tensions in a politically fragile region. Israel has warned that the strikes were the start of a prolonged operation to prevent Tehran from building nuclear weapons. Iran, which produces close to 4 million barrels of crude oil per day, has promised a harsh response. Brent crude futures settled 7% higher at $74.23 a barrel, after earlier soaring over 13%, while U.S. crude finished at $72.98 a barrel, up 7.62%.U.S. natural gas climbed about 3% .Immediate resistance can be seen at 1.3680(38.2%fib), an upside break can trigger rise towards 1.3758 (50% fib).On the downside, immediate support is seen at 1.3582(23.6% fib), a break below could take the pair towards 1.3507(Lower BB).
. USD/JPY: The U.S. dollar strengthened against the yen on Friday as investors sought safety in the greenback after Iran retaliated against Israel's biggest-ever military strike against the major crude producer. Iran launched airstrikes at Israel hours after unprecedented Israeli strikes, stoking some fears of a broader regional conflagration. Explosions were heard on Friday in Jerusalem and Tel Aviv, the country's two biggest cities. While Iran insists its nuclear program is solely for civilian use, the escalation in hostilities heightened market anxiety. Investor sentiment was already on edge due to uncertainty surrounding the U.S.-China trade truce and lingering concerns about the economic fallout from tariffs, even after partial rollbacks since the April 2 peak. 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 ended lower on Friday as Israel’s large-scale strikes on Iran sparked a broad market selloff, driving investors toward safe-haven assets amid an already fragile global trade backdrop.
UK's benchmark FTSE 100 closed down by 0.39 percent, Germany's Dax ended down by 1.07 percent, France’s CAC finished the day down by 1.04 percent.
Wall Street closed sharply lower on Friday after Iran fired missiles at Israel in retaliation for intensive Israeli strikes targeting Tehran’s nuclear and military infrastructure, escalating fears of a broader regional conflict.
Dow Jones traded up at 1.79% percent, S&P 500 closed down by 1.13% percent, Nasdaq settled down by 1.30% percent
Commodities Recap
Gold prices surged on Friday as Israeli airstrikes on Iran triggered a flight to safety, reviving fears of a wider Middle East conflict
Spot gold rose 1.3% at $3,428.10 an ounce as of 1:49 p.m. EDT (1749 GMT), coming within striking distance of its record high of $3,500.05 set in April. Prices gained about 4% so far this week. U.S. gold futures settled 1.5% higher at $3,452.80.
Oil prices surged on Friday, closing 7% higher, as escalating air strikes between Israel and Iran fueled fears of major disruptions to Middle East oil exports
Brent crude futures settled at $74.23 a barrel, up $4.87, or 7.02%, after earlier soaring over 13% to an intraday high of $78.50, the strongest level since January 27.
U.S. West Texas Intermediate crude finished at $72.98 a barrel, up $4.94, or 7.62%.