Posted at 17 June 2025 / Categories Market Roundups
Market Roundup
•New Zealand FPI (MoM) (May) 0.5%,0.8% previous
• Japan BoJ Interest Rate Decision 0.50%, 0.50%forecats,0.50% previous
Looking Ahead Economic Data(GMT)
•09:00 UK 5-Year Treasury Gilt Auction 3.977% previous
•09:00 German ZEW Current Conditions (Jun) -74.0 forecast, -82.0 previous
•09:00 German ZEW Economic Sentiment (Jun) 34.8 forecast,25.2 previous
•09:00 EU ZEW Economic Sentiment (Jun) 23.5 forecast,11.6 previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Summaries
EUR/USD: The euro was little changed against the U.S. dollar on Tuesday as investors continued to focuss on the Middle East conflict and upcoming central bank meetings. Markets feared that conflict between Tel Aviv and Tehran could spill over in the broader oil-rich Middle East. Oil markets' reactions have been the most volatile, while stocks and currencies have been more guarded.U.S. President Donald Trump urged everyone to evacuate Tehran and cut short his visit to the Group of Seven summit in Canada, while a separate report said he had asked for the national security council to be prepared in the situation room. Investors also monitored developments on trade deals with Trump's early July deadline on tariffs fast approaching. 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 edged lower on Tuesday as markets remained fixated on escalating tensions between Israel and Iran, alongside the upcoming U.S. Federal Reserve policy decision. U.S. President Donald Trump urged citizens to evacuate Tehran and cut short his visit to the G7 summit in Canada. Separately, reports indicated he had instructed the National Security Council to be on standby in the Situation Room. While no supply disruptions have been reported so far, investors are increasingly concerned that the conflict between Tel Aviv and Tehran could destabilize the broader oil-rich Middle East. The ongoing air campaign, described as the most intense exchange between the two longtime adversaries, intensified on Monday, with Israel reportedly striking Iran’s state broadcaster and uranium enrichment sites. Markets are also closely watching the Fed’s two-day policy meeting, set to conclude on Wednesday, with the central bank widely expected to leave interest rates unchanged. 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 against its U.S. counterpart on Tuesday, showing resilience amid growing market unease over escalating tensions between Israel and Iran. Hopes for a swift resolution to the conflict quickly faded after both countries launched renewed strikes, while U.S. President Donald Trump urged Iranian citizens to evacuate Tehran—adding to geopolitical uncertainty. With risks mounting, investor focus has now shifted to the upcoming Federal Reserve policy meeting on Wednesday. The Fed is widely expected to leave interest rates unchanged, but markets will closely watch Chair Jerome Powell’s remarks for signals on the timing and trajectory of potential rate cuts. At GMT 06:56, the Australian dollar was trading up 0.19% at 0.6534 against greenback . Markets are currently pricing in two cuts by year-end 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 edged lower against the Japanese yen on Tuesday as yen strengthened following Bank of Japan’s (BOJ) latest policy decision. Concluding its two-day meeting, the BOJ kept short-term interest rates unchanged at 0.5% a move widely expected and unanimously agreed upon by policymakers. While the central bank opted to maintain its current bond tapering framework, it signaled a slower pace of reduction starting next fiscal year, reflecting a cautious stance toward policy normalization. Under the existing plan, the BOJ will trim government bond purchases by 400 billion yen ($2.76 billion) each quarter, aiming to bring monthly buying down to approximately 3 trillion yen by March 2026. The path ahead for normalization remains uncertain, as Japan’s export-reliant economy faces renewed pressure from escalating U.S. tariffs. 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 stock markets were mixed on Tuesday as investors weighed escalating Middle East tensions and awaited key central bank meetings.
Japan's Nikkei 225 was up 0.67% , South Korea’s KOSPI was up 0.12%,Hang Seng was up by 0.66%.
Commodities Recap
Gold rebounded on Tuesday as escalating geopolitical tensions between Israel and Iran, along with President Trump's call to evacuate Tehran, drove investors toward safe-haven assets.
Spot gold rose 0.3% to $3,392.29 an ounce as of 0601 GMT, after dropping more than 1% on Monday.U.S. gold futures fell 0.2% to $3,410.90.
Oil prices rose on Tuesday amid growing concerns that the escalating Iran-Israel conflict could intensify, threatening supply disruptions from the oil-rich Middle East.
Brent crude futures rose 34 cents, or 0.5%, to $73.57 a barrel as of 0340 GMT. U.S. West Texas Intermediate crude was up 29 cents, or 0.4%, at $72.06. Both contracts rose more than 2% earlier in the trading session.