Posted at 27 June 2025 / Categories Market Roundups
Market Roundup
• US Core PCE Price Index (MoM) (May): 0.2%, 0.1% forecast, 0.1% previous
• US PCE Price Index (YoY) (May): 2.3%, 2.3% forecast, 2.2% previous
• US PCE Price Index (MoM) (May): 0.1%, 0.1% forecast, 0.1% previous
• US Personal Income (MoM) (May): -0.4%, 0.3% forecast, 0.7% previous
• US Personal Spending (MoM) (May): -0.1%, 0.1% forecast, 0.2% previous
• US Real Personal Consumption (MoM) (May): -0.3%, 0.1% previous
•Canada GDP (MoM) (Apr): -0.1%, 0.0% forecast, 0.1% previous
•Canada GDP (MoM) (May): -0.1%, -0.1% previous
•US Dallas Fed PCE (May): 2.0%, 2.7% previous
•US Michigan 1-Year Inflation Expectations (Jun): 5.0%, 5.1% forecast, 6.6% previous
•US Michigan 5-Year Inflation Expectations (Jun): 4.0%, 4.1% forecast, 4.2% previous
•US Michigan Consumer Expectations (Jun): 58.1, 58.4 forecast, 47.9 previous
•US Michigan Consumer Sentiment (Jun): 60.7, 60.5 forecast, 52.2 previous
•US Michigan Current Conditions (Jun): 64.8, 63.7 forecast, 58.9 previous
•US Atlanta Fed GDPNow (Q2): 2.9%, 3.4% forecast, 3.4% previous
•US Baker Hughes Oil Rig Count: 432, 436 forecast, 438 previous
•US Baker Hughes Total Rig Count: 547, 554 previous
Looking Ahead Economic Data(GMT)
•No Data Ahead
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Summaries
EUR/USD: The euro retreated slightly on Friday as dollar pared its earlier decline against the euro after President Trump abruptly ended U.S.–Canada trade talks and threatened renewed bombing of Iran over its nuclear activities, and reemployed pressure on Tehran dented risk appetite. Earlier in the day, the dollar had slid to a 3½-year low versus the euro as markets priced in deeper and sooner Fed rate cuts amid signs of U.S. economic softening. Meanwhile data showed that U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate. The dollar index was little changed on the day at 97.36 and is on pace for a 1.40% weekly decline, the worst since May 19. Immediate resistance can be seen at 1.1722(23.6%fib), an upside break can trigger rise towards 1.1786(Higher BB).On the downside, immediate support is seen at 1.1593(June 25th low), a break below could take the pair towards 1.1537(38.2%fib).
GBP/USD: The British pound hovered near a four-year high on Friday as investors monitored developments in U.S. tariff negotiations. Sentiment was lifted after the United States and China reached a trade agreement on Thursday aimed at expediting rare earth shipments to the U.S.—a move seen as a positive step toward easing the ongoing tariff dispute between the world’s two largest economies. Meanwhile, President Donald Trump has set a July 9 deadline for the European Union and other countries to reach a deal to lower tariffs, intensifying pressure on global trade talks. In the U.K., Prime Minister Keir Starmer moved to defuse a growing rebellion within his Labour Party by significantly scaling back planned welfare cuts. His initial reform proposal had aimed to reduce the country’s rising welfare bill by £5 billion ($6.9 billion) annually. Immediate resistance can be seen at 1.3770(23.6%fib), an upside break can trigger rise towards 1.3808(Higher BB).On the downside, immediate support is seen at 1.3613(38.2%fib), a break below could take the pair towards 1.3548(SMA 20).
USD/CAD: The Canadian dollar weakened on Friday as prospects for a Canada–U.S. trade deal suddenly dimmed and fresh economic data disappointed. U.S. President Donald Trump announced on Truth Social that Washington would immediately end trade talks with Canada in retaliation for Ottawa’s new digital services tax on technology firms a development that unsettles an economy that sends roughly 75% of its exports south of the border. Statistics Canada reported that GDP contracted 0.1% in April, dragged down by a 0.6% decline in goods-producing industries after tariff uncertainty prompted some auto manufacturers to scale back output. A preliminary “flash” estimate for May pointed to another 0.1% drop. The loonie was trading 0.6% lower at 1.3720 per U.S. dollar , after touching its weakest intraday level since Monday at 1.3758. For the week, the currency was up 0.1%. Immediate resistance can be seen at 1.3724(38.2% fib), an upside break can trigger rise towards 1.3861 (38.2% fib).On the downside, immediate support is seen at 1.3634(Daily low), a break below could take the pair towards 1.3540(23.6fib).
USD/JPY: The U.S. dollar edged higher on Friday as investors digested a U.S. inflation report and monitored trade developments with the U.S. Markets cheered Thursday’s U.S.–China agreement to speed up rare earth shipments to America, sending global equities higher. On the data front, U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate .Separate data showed, Tokyo’s core Consumer Price Index rose 3.1% in June, undershooting the 3.3% forecast, as temporary utility bill cuts helped ease price pressures. Nonetheless, inflation remains well above the Bank of Japan’s 2% target, sustaining expectations for further rate hikes in Japan. Immediate resistance can be seen at 145.24 (50%fib)an upside break can trigger rise towards 146.00 (Psychological level) .On the downside, immediate support is seen at 143.19(38.2%fib)a break below could take the pair towards 141.64(Lower BB).
Equities Recap
European equities climbed to a more than one-week high on Friday, supported by auto sector strength and hopes for a truce in the U.S.-China trade spat.
UK's benchmark FTSE 100 closed up by 0.72 percent, Germany's Dax ended up by 1.48 percent, France’s CAC finished the day up by 1.78 percent.
U.S. equities surged on Friday, with the S&P 500 and Nasdaq reaching record highs after weathering a turbulent period linked to Trump’s trade policy actions..
At GMT 20:46 Dow Jones was up by 1.00% percent, S&P 500 was up by 0.52% percent, Nasdaq was up by 0.52% percent.
Commodities Recap
Gold dropped 2% on Frifday,hitting a near one-month low, as a U.S.–China trade deal boosted risk sentiment and reduced demand for the safe-haven metal.
Spot gold fell 1.5% to $3,277.17 per ounce by 2:00 p.m. EDT (1800 GMT), after earlier tumbling 2% to its lowest level since May 29.
Oil edged up slightly on Friday after briefly turning negative amid reports that OPEC+ may raise output in August.
Brent crude futures settled at $67.77 a barrel, up 4 cents, or 0.1%. U.S. West Texas Intermediate crude finished up 28 cents, or 0.4%, at $65.52 a barrel.