Posted at 17 June 2025 / Categories Market Roundups
Market Roundup
• US Core Retail Sales (MoM) (May): -0.3%, 0.2% forecast, 0.0% previous
•US Export Price Index (YoY) (May): 1.7%, 1.9% previous
•US Export Price Index (MoM) (May): -0.9%, -0.1% forecast, 0.1% previous
•US Import Price Index (YoY) (May): 0.2%, 0.1% previous
•US Import Price Index (MoM) (May): 0.0%, -0.2% forecast, 0.1% previous
•US Retail Control (MoM) (May): 0.4%, 0.3% forecast, -0.1% previous
•US Retail Sales (MoM) (May): -0.9%, -0.5% forecast, -0.1% previous
•US Retail Sales (YoY) (May): 3.29%, 5.00% previous
•US Retail Sales Ex Gas/Autos (MoM) (May): -0.1%, 0.1% previous
• Canada Foreign Securities Purchases (Apr): -9.36B, -2.94B forecast, -4.21B previous
•Canada Foreign Securities Purchases by Canadians (Apr): 4.100B, 15.630B previous
•US Redbook (YoY): 5.2%, 4.7% previous
•US Capacity Utilization Rate (May): 77.4%, 77.7% forecast, 77.7% previous
•US Industrial Production (YoY) (May): 0.60%, 1.43% previous
•US Industrial Production (MoM) (May): -0.2%, 0.0% forecast, 0.1% previous
•US Manufacturing Production (MoM) (May): 0.1%, 0.1% forecast, -0.5% previous
•US Business Inventories (MoM) (Apr): 0.0%, 0.0% forecast, 0.1% previous
•US NAHB Housing Market Index (Jun): 32, 36 forecast, 34 previous
•US Retail Inventories Ex Auto (Apr): 0.3%, 0.3% forecast, 0.3% previous
•US Atlanta Fed GDPNow (Q2): 3.5%, 3.8% forecast, 3.8% previous
Looking Ahead Economic Data(GMT)
•22:45 New Zealand Current Account (QoQ) (Q1): -2.19B forecast, -7.04B previous
•22:45 New Zealand Current Account (YoY) (Q1): -26.40B previous
•22:45 New Zealand Current Account % of GDP (Q1): -6.20% previous
•23:30 Japan Adjusted Trade Balance: -0.37T forecast, -0.41T previous
•23:30 Japan Core Machinery Orders (YoY) (Apr): 4.0% forecast, 8.4% previous
•23:30 Japan Core Machinery Orders (MoM) (Apr): -9.3% forecast, 13.0% previous
•23:30 Japan Exports (YoY) (May): -3.8% forecast, 2.0% previous
•23:30 Japan Imports (YoY) (May): -6.7% forecast, -2.2% previous
•23:30 Japan Trade Balance (May): -893.0B forecast, -115.8B previous
•01:00 Australia MI Leading Index (MoM) (May) -0.0% previous
•03:00 New Zealand RBNZ Offshore Holdings (May) 58.80% previous
Looking Ahead Events And Other Releases(GMT)
•No Events
Currency Summaries
EUR/USD: The euro slipped lower against the U.S. dollar on Tuesday as geopolitical tensions in the Middle East supported greenback despite the disappointing US retail sales data. Trump returned to Washington a day before the summit ends as the Israel-Iran conflict intensified, saying U.S. patience was wearing thin but that he would not kill Iran's leader for now. U.S. retail sales declined more than anticipated in May, dragged lower by a drop in motor vehicle purchases as the earlier rush to buy ahead of possible tariff-related price increases faded. According to the Commerce Department’s Census Bureau, retail sales fell 0.9% in May the sharpest decline since January following a revised 0.1% decrease in April. The back-to-back monthly declines have largely reversed the tariff-driven boost seen in March. Still, consumer spending remains underpinned by strong wage growth. Immediate resistance can be seen at 1.1603(23.6%fib), an upside break can trigger rise towards 1.1632(Higher BB).On the downside, immediate support is seen at 1.1434(38.2%fib), a break below could take the pair towards 1.1313(50%fib).
GBP/USD: The British pound edged lower against the U.S. dollar on Tuesday as investor sentiment remained cautious amid intensifying geopolitical tensions in the Middle East. Market participants stayed focused on the evolving conflict between Israel and Iran, which has triggered a broader risk-off mood across global markets. Adding to the uncertainty, traders also positioned themselves ahead of two key domestic events later in the week. The UK is set to release its latest inflation data on Wednesday, which could influence expectations for monetary policy, while the Bank of England is scheduled to announce its interest rate decision on Thursday. With inflation still running above target and economic growth showing mixed signals, investors are eager to gauge the central bank’s tone and guidance on future rate moves. Immediate resistance can be seen at 1.3606(23.6%fib), an upside break can trigger rise towards 1.3658(Higher BB).On the downside, immediate support is seen at 1.3410(38.2%fib), a break below could take the pair towards 1.3348(Lower BB).
USD/CAD: Canadian dollar declined against its U.S. counterpart on Tuesday as Iran-Israel tensions boosted greenback despite soft US economic data. U.S. President Donald Trump said that he wanted a "real end" to the nuclear dispute with Iran, and indicated he may send senior American officials to meet with the Islamic Republic as the Israel-Iran air war raged for a fifth day.Elsewhere, the Federal Reserve will announce its policy decision on Wednesday, followed by Chair Jerome Powell's press conference.The U.S. central bank is widely anticipated to leave its benchmark overnight interest rate in the 4.25%-4.50% range, where it has been since December. U.S. retail sales were softer than expected in May, but consumer spending remained supported by solid wage growth. Immediate resistance can be seen at 1.3711(38.2% fib), an upside break can trigger rise towards 1.3847(50% fib).On the downside, immediate support is seen at 1.3538(23.6% fib), a break below could take the pair towards 1.3522(Lower BB).
USD/JPY: The U.S. dollar strengthened against the Japanese yen on Tuesday, reversing earlier losses after markets reassessed a mixed batch of U.S. economic data. The move erased gains the yen had made in the immediate aftermath of the Bank of Japan’s policy decision, which saw the central bank keep interest rates steady while signaling a cautious approach to normalization. While the BOJ's stance initially lent some support to the yen, investor attention shifted back to U.S. fundamentals, with economic indicators painting a mixed outlook and prompting traders to recalibrate expectations for Federal Reserve policy. The BOJ delivered little surprise to markets at the conclusion of its two-day monetary policy meeting, as it stood pat on rates and laid out a new plan to decelerate the pace of its balance sheet drawdown next year in the face of rising risks such as the Middle East conflict and 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
European equities dropped to nearly a one-month low on Tuesday as the escalating Iran-Israel conflict extended into its fifth day, heightening geopolitical risks and weighing on investor sentiment..
UK's benchmark FTSE 100 closed down by 0.46percent, Germany's Dax ended down by 1.12 percent, France’s CAC finished the day down by 0.76 percent.
Wall Street slipped on Tuesday as investors turned their focus to upcoming interest rate decisions from key central banks.
Dow Jones closed down by 0.70% percent, S&P 500 closed down by 0.84% percent, Nasdaq settled down by 0.91% percent.
Commodities Recap
Gold prices inched higher on Tuesday as escalating Iran-Israel tensions spurred safe-haven demand, though gains were limited by a stronger U.S. dollar. Meanwhile, silver soared to its highest level in 13 years.
Spot gold rose 0.2% to $3,390.59 an ounce as of 0151 pm EDT (1751 GMT). U.S. gold futures settled 0.3% lower at $3,406.9.
Oil prices surged more than 4% on Tuesday as the escalating conflict between Iran and Israel fueled fears of broader regional instability.
Brent crude futures settled at $76.45 a barrel, $3.22, or 4.4%. U.S. West Texas Intermediate crude finished at $74.84 a barrel, up $3.07 or 4.28%.