Posted at 19 June 2025 / Categories Market Roundups
Market Roundup
•Spanish 10-Years Obligacion Auction 3.208%, 3.349%
• Spanish 5-Year Bonos Auction 2.69%, 2.386 previous
•Spanish 8-Years Obligacion Auction 2.904%,3.062% previous
• EU Construction Output (MoM) (Apr) 1.65%, 0.10% previous
•UK BoE MPC vote cut (Jun) 3,2 forecast,7 previous
•UK BoE MPC vote hike (Jun) 0,0 forecast,0 previous
•UK BoE MPC vote unchanged (Jun) 7 forecast, 2 previous
•UK BoE Interest Rate Decision (Jun) 4.25% , 4.25% forecast, 4.25% previous
Looking Ahead Economic Data(GMT)
•No data ahead
Looking Ahead Events And Other Releases(GMT)
• No significant events
Currency Forecast
EUR/USD: The euro edged slightly lower against the U.S. dollar on Thursday as fragile investor sentiment persisted amid escalating Middle East tensions. Iran and Israel traded airstrikes for a seventh consecutive day, deepening fears of a broader regional conflict. Speculation over potential U.S. involvement further unsettled markets, with President Donald Trump offering no clear stance on whether Washington will support Israel’s strikes on Iran’s nuclear sites. The ongoing uncertainty is raising concerns over global stability and energy market disruptions. The dollar index, which measures the currency against six others, was up 0.11% at 98.95 . The euro held in negative territory at $1.1474 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 1.1444(Daily low), a break below could take the pair towards 1.1409(50%fib).
GBP/USD: The British pound edged higher on Thursday after the Bank of England (BoE) held interest rates steady at 4.25%, as expected, while cautioning about persistent inflation and elevated global risks. The decision came through a 6–3 vote, with Deputy Governor Ramsden joining two members in calling for a 25 basis point cut, citing inflationary pressures and global uncertainty. The BoE also warned of labour market softness and rising energy prices linked to Middle East instability. Despite these concerns, the central bank maintained its inflation forecast, expecting a peak of 3.7% in September and an average just under 3.5% in the second half of the year. Immediate resistance can be seen at 1.3597(23.6%fib), an upside break can trigger rise towards 1.3656(Higher BB).On the downside, immediate support is seen at 1.3396(38.2%fib).), a break below could take the pair towards 1.3350(Lower BB).
AUD/USD: The Australian dollar slipped below the 0.6500 mark against the U.S. dollar on Thursday, pressured by rising Middle East tensions that dampened appetite for risk-sensitive assets. Iran and Israel exchanged airstrikes for a seventh consecutive day, with uncertainty surrounding potential U.S. involvement and the ongoing Gaza conflict fueling fears of broader regional instability. On the data front, Australia’s labour market showed mixed signals. The economy lost 2,500 jobs in May, missing forecasts for a 22,500 gain, after a strong revised increase of 87,600 in April. Despite the dip, the unemployment rate held steady at 4.1%, while the participation rate edged slightly lower to 67.0%. Notably, full-time employment rose by 38,700, and total hours worked rebounded by 1.3% following a flat reading in April. 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 0.6447(38.2%fib), a break below could take the pair towards 0.6405(Lower BB).
USD/JPY: The U.S. dollar firmed against the yen on Thursday, supported by rising geopolitical tensions in the Middle East. As Israel and Iran exchanged airstrikes for a seventh day, investor fears of a broader conflict and potential involvement from global powers intensified. Elevated oil prices, driven by concerns over supply shocks from the region, added to the cautious mood. The mounting uncertainty has reinforced the dollar’s safe-haven status, leading to gains across multiple currencies including the yen, euro, Swiss franc. The greenback was last up 0.38% against yen 145.69 yen. Immediate resistance can be seen at 145.44(50%fib)an upside break can trigger rise towards 146.34 (Higher BB) .On the downside, immediate support is seen at 144.10(38.2%fib)a break below could take the pair towards 142.51(23.6%fib)
Equities Recap
European shares opened lower on Thursday as persistent Middle East tensions and fears of possible U.S. involvement kept investors on edge.
At GMT (12:22) UK's benchmark FTSE 100 was last trading down at 0.30 percent, Germany's Dax was down by 0.66 percent, France’s CAC was down by 0.81 percent.
Commodities Recap
Gold prices rose on Thursday as escalating tensions between Israel and Iran fueled safe-haven demand, while platinum surged to its highest level since September 2014 on supply concerns.
Spot gold was up 0.2% at $3,374.49 an ounce at 1100 GMT. U.S. gold futures fell 0.5% to $3,391.00.
Oil prices climbed on Thursday as Israel and Iran exchanged fresh missile strikes, while uncertainty over President Trump’s position on the conflict kept markets uneasy.
Brent crude futures rose $1.06, or 1.4%, to $77.76 a barrel by 1151 GMT. U.S. West Texas Intermediate crude for July was up $1.26, or 1.7%, at $76.40. Brent had surged to its highest in nearly five months at $78.50 on June 13, when Israel began its attacks.