Posted at 30 June 2025 / Categories Market Roundups
Market Roundup
• Australia MI Inflation Gauge (MoM) (Jun) 0.1%, -0.4% previous
• New Zealand ANZ Business Confidence (Jun) 46.3, 36.6 previous
• New Zealand NBNZ Own Activity (Jun) 40.9%, 34.8% previous
•Australia Housing Credit (May) 0.5%, 0.5% previous
•Australia Private Sector Credit (MoM) (May) 0.5%, 0.7% forecast,0.7% previous
•Chinese Composite PMI (Jun) 50.7 ,50.4 previous
•Chinese Manufacturing PMI (Jun) 49.7, 49.6 forecast,49.5 previous
•Chinese Non-Manufacturing PMI (Jun) 50.5,50.3 forecast ,50.3 previous
•Japan Construction Orders (YoY) (May) 14.0%, 52.7% previous
• Japan Housing Starts (YoY) (May) -34.4%, -15.0% forecast ,-26.6% previous
•UK Business Investment (YoY) (Q1) 6.1%, 8.1% forecast , 1.8% previous
•UK Business Investment (QoQ) (Q1) 3.9%, 5.9% forecast , -1.9% previous
•UK Current Account (Q1) -23.5B, -19.7B forecast , -21.0B previous
•UK GDP (YoY) (Q1) 1.3%,1.3% forecast , 1.5% previous
•UK GDP (QoQ) (Q1) 0.7%, 0.7% forecast , 0.1% previous
•German Import Price Index (MoM) (May) -0.7%, -0.3% forecast,-1.7% previous
•German Import Price Index (YoY) (May) -1.1% -0.8% forecast, -0.4% previous
•German Retail Sales (MoM) (May) -1.6%, 0.5% forecast,-0.6% previous
Looking Ahead Economic Data(GMT)
•08:00 German CPI (MoM) (Jun): -0.1% previous
•08:00 German CPI (YoY) (Jun): 2.2% previous
•08:00 German CPI (YoY) (Jun): 2.2% previous
•08:00 German CPI (MoM) (Jun): 0.0% previous
•08:00 German CPI (MoM) (Jun): 0.1% previous
•08:00 German CPI (MoM) (Jun): 0.0% previous
•08:00 German CPI (YoY) (Jun): 2.2% previous
•08:00 North Rhine Westphalia CPI (MoM) (Jun): 0.2 previous
•08:00 German CPI (YoY) (Jun): 2.3% previous
•08:00 German CPI (YoY) (Jun): 2.0% previous
•08:00 EU M3 Money Supply (YoY) (May): 4.0% forecast, 3.9% previous
•08:00 EU M3 Money Supply (May): 16,901.4B previous
•08:00 EU Loans to Non Financial Corporations (May): 2.6% previous
•08:00 EU Private Sector Loans (YoY) (May): 2.0% forecast, , 1.9% previous
• 08:30 UK BoE Consumer Credit (May): 1.100B forecast, 1.580B previous
• 08:30 UK M3 Money Supply (May): 3,127.8B previous
•08:30 UK M4 Money Supply (MoM) (May): 0.2% forecast, 0.0% previous
•08:30 UK Mortgage Approvals (May): 61.00K forecast, 60.46K previous
•08:30 UK Net Lending to Individuals (May): 4.100B, 0.820B previous
•09:00 Italian CPI (YoY) (Jun): 1.7% forecast, 1.6% previous
•09:00 Italian CPI (MoM) (Jun): 0.1% forecast, -0.1% previous
•09:00 Italian HICP (YoY) (Jun): 1.8% forecast, 1.7% previous
•12:00 German CPI (YoY) (Jun) 2.2% forecast ,2.1% previous
•12:00 German CPI (MoM) (Jun) 0.2% forecast, 0.1% previous
•12:00 German HICP (MoM) (Jun) 0.3% forecast, 0.2% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD: The euro held firm against the U.S. dollar on Monday as dollar softened amid concerns over Trump’s aggressive fiscal proposals and his ongoing criticism of Fed Chair Powell. Donald Trump's continued assault on Powell, after the U.S. president said on Friday he would "love" it if the Fed chief resigned before his term ended in May.Trump also said he wanted to cut the benchmark rate to 1% from 4.25% to 4.5% now, and reiterated that he planned to replace Powell with a more dovish Fed chairperson.Investors are also keeping an eye on Trump's massive tax-cut and spending bill now facing the Senate, which could add $3.3 trillion to the national debt over a decade, the Congressional Budget Office has estimated. The euro gained 0.1% to $1.1732.Immediate resistance can be seen at 1.1755(23.6%fib), an upside break can trigger rise towards 1.1806(Higher BB).On the downside, immediate support is seen at 1.1661(June 26th low), a break below could take the pair towards 1.1537(38.2%fib).
GBP/USD: The British pound steadied on Monday after data showed UK economy grew at fastest pace in a year in Q1. Britain’s economy grew at its fastest pace in a year during the first quarter of 2025, driven by a rush of homebuyers ahead of a property purchase deadline and manufacturers boosting output in anticipation of higher U.S. import tariffs under President Trump.GDP rose 0.7% in Q1 2025, matching the preliminary estimate and marking the strongest quarterly growth since Q1 2024, according to the Office for National Statistics (ONS).March growth was revised up to 0.4% from an earlier 0.2%, though the improvement wasn’t enough to lift the overall quarterly figure, the ONS noted. Sterling added 0.02% to $1.3712, hovering close to Thursday's peak of $1.3770, unseen since October 2021. Immediate resistance can be seen at 1.3770(June 26th high), 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).
AUD/USD: The Australian dollar edged higher on Monday as the U.S. dollar remained under pressure following President Trump’s renewed criticism of Fed Chair Powell and growing concerns over a $3.3 trillion spending bill currently before the Senate. The Congressional Budget Office (CBO) warns the bill could significantly increase U.S. debt over the next decade. Meanwhile, the Iran-Israel ceasefire appeared to be holding after a 12-day conflict, further reducing safe-haven demand. Looking ahead, Australia’s May retail sales data is due Wednesday, with forecasts pointing to a 0.3% rebound after April’s decline. Recent rate cuts are expected to support consumer spending.At GMT 07:16, the Australia dollar was up 0.15% to 0.6539 against the US dollar. Immediate resistance can be seen at 0.6565(23.6%fib), an upside break can trigger rise towards 0.6582(Higher BB).On the downside, immediate support is seen at 0.6440 (38.2%fib), a break below could take the pair towards 0.6413(Lower BB).
USD/JPY: The U.S. dollar dipped against yen on Monday as dollar softened amid concerns over Trump’s aggressive fiscal proposals and his ongoing criticism of Fed Chair Powell. Investors are keeping an eye on Trump's massive tax-cut and spending bill now facing the Senate, which could add $3.3 trillion to the national debt over a decade, the Congressional Budget Office has estimated. On the data front, Japan's industrial sector showed signs of strain in May, with factory output rising just 0.5% sharply missing expectations of a 3.5% gainas fresh U.S. tariffs added pressure to an already fragile economic recovery. The subdued performance, reported by the Ministry of Economy, Trade and Industry (METI) on Monday, underscores mounting external risks and persistent weakness in domestic demand. The U.S. currency slumped 0.5% to 143.90 yen. Immediate resistance can be seen at 144.74 (Daily high)an upside break can trigger rise towards 146.68(50%fib) .On the downside, immediate support is seen at 143.60(38.2%fib)a break below could take the pair towards 142.18(Lower BB).
Equities Recap
Asian equity markets advanced Monday asthe revival of U.S.-Canada trade talks that lifted investor confidence.
South Korea’s KOSPI was up 0.52% , China A50 was up 0.10%,Japan’s Nikkei 225 was up 80%
Commodities Recap
Gold bounced back on Monday, rising slightly as a weaker dollar offset earlier declines triggered by easing U.S.-China trade tensions and improved risk sentiment.
Spot gold rose 0.5% to $3,290 per ounce, as of 0613 GMT, after hitting its lowest since May 29 earlier in the session.
Oil prices declined on Monday as easing Middle East tensions and the possibility of another OPEC+ output hike in August boosted supply expectations, despite ongoing demand uncertainty.
Brent crude futures fell 13 cents, or 0.19%, to $67.64 a barrel by 0344 GMT, ahead of the August contract's expiry later on Monday. The more active September contract was at $66.62, down 18 cents.