Posted at 16 June 2025 / Categories Market Roundups
Market Roundup
•China Fixed Asset Investment (YoY) (May): 3.7%, 4.0% forecast, 4.0% previous
•China Industrial Production (YoY) (May): 5.8%, 5.9% forecast, 6.1% previous
•China Industrial Production YTD (YoY) (May): 6.3%, 6.4% previous
•China Retail Sales (YoY) (May): 6.4%, 4.9% 5.1% previous
•China Retail Sales YTD (YoY) (May): 4.06%, 3.73% previous
•China Unemployment Rate (May): 5.0%, 5.1% forecast, 5.1% previous
Looking Ahead Economic Data(GMT)
•08:00 Italian CPI (YoY) (May): 1.7% forecast, 1.9% previous
•08:00 Italian CPI (MoM) (May): 0.0% forecast, 0.1% previous
•08:00 Italian CPI Ex Tobacco (YoY) (May): 1.7%, previous
•08:00 Italian HICP (MoM) (May): 0.1% forecast, 0.4% previous
•08:00 Italian HICP (YoY) (May): 1.9% forecast, 2.0% previous
•09:00 Eurozone Wages (YoY) (Q1): 4.10% previous
•09:00 Eurozone Labor Cost Index (YoY) (Q1): 3.20% forecast, 3.70% previous
•09:30 German 12-Month Bubill Auction: 1.873% forecast, previous
Looking Ahead Events And Other Releases(GMT)
•No events
Currency Summaries
EUR/USD: The euro edged higher against the U.S. dollar on Monday as investors keenly monitored Israel-Iran fighting for any signs that it could escalate into a broader regional conflict and braced for a week packed with central bank meetings. As both Iran and Israel showed no signs of backing off from their attacks, market participants mulled the prospect that Tehran might seek to choke off the Strait of Hormuz - the world's most important gateway for oil shipping - which could raise broader economic risks from disruptions in the energy-rich Middle East. Geopolitical tensions were the latest twist for investors and central bank policymakers who have been trying to navigate economic uncertainty triggered by U.S. President Donald Trump's move to reshape the global trade order this year. Immediate resistance can be seen at 1.1607(38.2%fib), an upside break can trigger rise towards 1.1632(Higher BB).On the downside, immediate support is seen at 1.1500(38.2%fib), a break below could take the pair towards 1.1409(50%fib).
GBP/USD: The British pound firmed slightly on Monday as U.S. dollar weakened as rising as the Israel-Iran conflict added to global uncertainty ahead of major central bank decisions. Israel and Iran exchanged new strikes on Sunday, causing civilian casualties and stoking fears of wider regional conflict, as both sides urged civilians to remain cautious .The escalation coincided with the G7 summit in Canada, where tensions were already high due to U.S. President Donald Trump's tariffs. Top on the agenda this week is a host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on Wednesday.The central bank is widely expected to leave borrowing costs steady, but investors will likely lap up Fed's views on recent data that has broadly indicated softening economic activity even as risks to increasing price pressures stay high. Immediate resistance can be seen at 1.3622(23.6%fib), an upside break can trigger rise towards 1.3632(Higher BB).On the downside, immediate support is seen at 1.3516(June 13th low), a break below could take the pair towards 1.3427(38.2%fib).
AUD/USD: The Australian dollar held steady on Monday as the U.S. dollar weakened, following weekend clashes between Israel and Iran that fueled fears of a broader regional conflict. Israel and Iran confrontation showed no signs of de-escalation, with both nations continuing to trade military strikes and threats, raising concerns over prolonged instability in the Middle East.Looking ahead, investor focus will turn to Australia’s monthly jobs report due on Thursday. Markets expect an increase of 25,000 jobs in May, with the unemployment rate holding steady at 4.1%. The labour market’s continued strength could challenge current market pricing, which assigns a 75% probability to a rate cut by the Reserve Bank of Australia next month. At GMT 07:57, the Australian dollar was trading up 0.33% at 0.6507 against greenback . Immediate resistance can be seen at 0.6538(23.6%fib), an upside break can trigger rise towards 0.6569(Higher BB).On the downside, immediate support is seen at 0.6439(38.2%fib), a break below could take the pair towards 0.6405(Lower BB).
USD/JPY: The U.S. dollar weakened against the Japanese yen on Monday as intensified clashes between Israel kept markets on edge and risk appetite in check.Israel and Iran exchanged new strikes on Sunday, causing civilian casualties and heightening fears of a wider regional conflict, as both sides warned civilians to stay alert. The focus this week will be on a series of central bank policy decisions, including the U.S. Federal Reserve on Wednesday. Attention also turns to the G7 summit, where fresh commentary on U.S. tariffs and central bank outlooks may influence market sentiment and policy expectations .The Bank of Japan will meet on Tuesday and is widely expected to keep rates steady at 0.5%, while signaling the potential for policy tightening later this year. There is also speculation that the central bank may discuss slowing the pace of its government bond holding next fiscal year. Immediate resistance can be seen at 144.64 (50%fib)an upside break can trigger rise towards 145.00 (Psychological level) .On the downside, immediate support is seen at 143.98(38.2%fib)a break below could take the pair towards 141.16(Lower BB)
Equities Recap
Asian shares held firm on Monday, while oil prices climbed again as the Israel-Iran conflict showed no sign of easing, adding to geopolitical risks in a week dominated by central bank meetings.
Japan's Nikkei 225 was up 1.29% , South Korea’s KOSPI was up 1.80%,Hang Seng was up by 0.89%.
Commodities Recap
Gold prices fell on Monday as investors took profits after a rally to near two-month highs, driven by weekend clashes between Israel and Iran that stoked fears of a wider regional conflict.
Spot gold was down 0.5% at $3,414.32 an ounce, as of 0634 GMT, after hitting its highest level since April 22 earlier in the session.U.S. gold futures were also down 0.5% at $3,434.80.
Oil was volatile Monday following a 7% jump on Friday, as Israel-Iran strikes stoked fears of wider conflict and supply disruptions in the Middle East.
Brent crude futures rose 33 cents, or 0.4%, to $74.56 a barrel by 07:32 GMT, while U.S. West Texas Intermediate (WTI) gained 38 cents, or 0.5%, to $73.36.