Posted at 20 June 2025 / Categories Market Roundups
Market Roundup
• US Philadelphia Fed Manufacturing Index (Jun): -4.0, -1.7 forecast, -4.0 previous
• US ?Philly Fed Business Conditions (Jun): 18.3, 47.2?previous
• US Philly Fed CAPEX Index (Jun): 14.50, 27.00?previous
• US ?Philly Fed Employment (Jun): –9.8, ?16.5?previous
• US ?Philly Fed New Orders (Jun): 2.3, ?7.5?previous
• US ?Philly Fed Prices Paid (Jun): 41.40, ?59.80?previous
•Canada ?Core Retail Sales (MoM) (Apr): –0.3%, –0.2%?forecast,?–0.8%?previous
•Canada ??IPPI (YoY) (May): 1.2%, ?1.9%?previous
•Canada ??IPPI (MoM) (May): –0.5%, 0.0%?forecast,?–0.8%?previous
•Canada ??New Housing Price Index (MoM) (May): –0.2%, –0.2%?forecast,?–0.4%?previous
•Canada ??Retail Sales (MoM) (Apr): 0.3%, 0.4%?forecast,?0.8%?previous
•Canada ??RMPI (YoY) (May): –2.8%, ?–3.9%?previous
•Canada ??RMPI (MoM) (May): –0.4%, –0.8%?forecast,?–3.3%?previous
•Canada ??Retail Sales (MoM) (May): –1.1%,?0.3%?previous
• US Leading Index (MoM) (May): –0.1%, –0.1%?forecast,?–1.4%?previous
• EU ?Consumer Confidence (Jun): –15.3, ?–15.1?previous
• EU Consumer Confidence (Jun)?(revised): –15.3, –15.0?forecast,?–15.2?previous
• US. Baker Hughes Oil Rig Count: 438,?439?previous
• US. Baker Hughes Total Rig Count: 554,?555?previous
Looking Ahead Economic Data(GMT)
•No Data Ahead
Looking Ahead Events And Other Releases(GMT)
• No significant events
Currency Summaries
EUR/USD: The euro firmed on Friday as pause in U .S. dollar’s recent advance benefitting euro as investors assessed escalating Middle East tensions. Earlier in the week, the dollar had strengthened on safe?haven flows amid a week?long aerial clash between Israel and Iran, with Israel striking Iranian assets to impede Tehran’s nuclear programme. Although markets remained on edge over the risk of a wider regional war especially after Iran vowed not to resume nuclear talks while under attack—the U.S. has held off on direct involvement, with President Trump due to decide within the next two weeks.On the economic front, Eurozone consumer confidence dipped to –15.3 in June from –15.1 in May, missing forecasts of –14.5, according to a preliminary estimate. This softer sentiment underscores lingering worries about the bloc’s growth trajectory even as geopolitical jitters ease for now. 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 dipped against dollar on Friday as disappointing UK retail sales data weighed on pound. UK retail sales posted a sharp decline in May, falling 2.7% month-on-month, according to data from the Office for National Statistics. The drop was significantly steeper than the median forecast for a 0.5% decrease, following a strong April when consumer spending was boosted by purchases of food, summer clothing, and home improvement goods.On a year-on-year basis, retail sales volumes fell 1.3%, marking the largest annual decline since April 2024, and coming in well below economists’ expectations for a 1.7% rise. The disappointing figures raised concerns about the resilience of consumer demand, particularly amid elevated interest rates and cost-of-living pressures. British pound was down 0.6% against the dollar. Immediate resistance can be seen at 1.3608(23.6%fib), an upside break can trigger rise towards 1.3661(Higher BB).On the downside, immediate support is seen at 1.3396(38.2%fib).), a break below could take the pair towards 1.3384(Lower BB).
USD/CAD: The Canadian dollar dipped against the U.S. dollar on Friday after fresh retail sales data figures highlighted a cooling in Canada’s economy. April’s retail sales rose 0.3% extending the prior month’s pre?tariff buying spree but a preliminary May estimate points to a 1.1% contraction. Meanwhile, U.S. crude futures traded down 0.2% at $74.95 a barrel after the White House delayed any decision on deeper involvement in the Middle East conflict. Despite the pullback, oil remains on track for a third straight weekly gain a positive for Canada’s oil?exporting economy. The loonie was trading 0.2% lower at 1.3734 per U.S. dollar , having oscillated between 1.3688 and 1.3734. It touched a near three?week low of 1.3746 on Thursday and is set for a 1.1% weekly decline. Immediate resistance can be seen at 1.3739(38.2% fib), an upside break can trigger rise towards 1.3882 (50% fib).On the downside, immediate support is seen at 1.3576(23.6% fib), a break below could take the pair towards 1.3541(Lower BB).
USD/JPY: The U.S. dollar climbed to a three-week high against the Japanese yen on Friday, supported by easing geopolitical tensions in the Middle East after Iran signaled its willingness to continue diplomatic talks with Europe regarding its conflict with Israel.Iranian Foreign Minister Abbas Araqchi stated that Tehran is open to further discussions with Germany, France, Britain, and the European Union, and is prepared to meet again soon following recent talks in Geneva. This development slightly calmed market fears after a week-long exchange of airstrikes between Israel and Iran, driven by Tel Aviv’s efforts to counter Tehran’s nuclear ambitions. Despite lingering concerns over a broader regional escalation, investor anxiety eased somewhat after the White House said President Trump would take up to two weeks to decide on potential U.S. involvement in the conflict. While the risk of further escalation remains, the pause in immediate action helped stabilize markets. Immediate resistance can be seen at 146.77(38.2%fib)an upside break can trigger rise towards 148.46 (23.6%fib) .On the downside, immediate support is seen at 145.38(50%fib)a break below could take the pair towards 144.05(61.8%fib)
Equities Recap
European stocks ended higher on Friday, breaking a three-day losing streak as investor sentiment improved amid a pause in potential U.S. involvement in Middle East tensions.
UK's benchmark FTSE 100 closed down by 0.20 percent, Germany's Dax ended up by 1.27 percent, France’s CAC finished the day up by 0.48 percent.
The S&P 500 and Nasdaq closed lower on Friday, as mounting concerns over the Iran-Israel conflict and potential U.S. involvement left investors cautious ahead of the weekend.
Dow Jones closed up by 0.08% percent, S&P 500 closed down by 0.22% percent, Nasdaq settled down by 0.51% percent.
Commodities Recap
Gold prices held steady on Friday but remained on track for a weekly loss, as investor anxiety eased following President Trump’s decision to delay action on potential U.S. involvement in the Israel-Iran conflict.
Spot gold was little changed at $3,368.68 an ounce, as of 0142 p.m. EDT (1742 GMT), its lowest since June 12, while the index was down 1.8% for the week.
Oil fell on Friday as fresh U.S. sanctions on Iran signaled a diplomatic path, easing fears of immediate military escalation.
Brent crude futures settled down $1.84, or 2.33%, to $77.01 a barrel.U.S. West Texas Intermediate crude for July which did not settle on Thursday as it was a U.S. holiday and expires on Friday was down 21 cents, or 0.28%, at $74.93.