Posted at 22 April 2026 / Categories Market Roundups
Market Roundup
• UK CPI (YoY) (Mar): 3.3%, 3.3% forecast, 3.0% previous.
• UK PPI Input (MoM) (Mar): 4.4%, 2.8% forecast, 0.9% previous.
• UK CPI (MoM) (Mar): 0.7%, 0.6% forecast, 0.4% previous.
• UK Core PPI Output (YoY) (Mar): 2.0%, 2.0% previous.
• UK Core PPI Output (MoM) (Mar): 0.2%, -0.7% previous.
• UK PPI Input (YoY) (Mar): 5.4%, 0.7% previous.
• UK PPI Output (YoY) (Mar): 2.6%, 1.8% previous.
• UK RPI (MoM) (Mar): 0.8%, 0.7% forecast, 0.4% previous.
• UK CPI, n.s.a (Mar): 141.00, 140.10 previous.
• UK Core RPI (MoM) (Mar): 0.8%, 0.4% previous.
• UK Core RPI (YoY) (Mar): 4.0%, 3.5% previous.
• UK RPI (YoY) (Mar): 4.1%, 3.9% forecast, 3.6% previous.
• UK Core CPI (MoM) (Mar): 0.4%, 0.5% forecast, 0.6% previous.
• UK Core CPI (YoY) (Mar): 3.1%, 3.2% forecast, 3.2% previous.
• UK CPI Output (MoM) (Mar): 0.9%, 1.0% forecast, -0.5% previous.
• Belgium Consumer Confidence (Apr)-9 ,-6 previous.
Looking Ahead Economic Data (GMT)
•14:00 EU Consumer Confidence (Apr)-18.0 forecast, -16.3 previous.
•14:30 US Crude Oil Inventories: -1.900M forecast, -0.913M previous.
•14:30 US Cushing Crude Oil Inventories: -1.727M previous.
•14:30 US EIA Weekly Distillates Stocks: -2.500M forecast, -3.122M previous.
•14:30 US EIA Weekly Refinery Utilization Rates (WoW): -2.4% previous.
•14:30 US Gasoline Production: 0.392M previous.
•14:30 US Gasoline Inventories: -1.500M forecast, -6.328M previous.
•14:30 US Heating Oil Stockpiles: -0.463M previous.
•14:30 US Crude Oil Imports: -2.109M previous.
• Looking Ahead Events And Other Releases (GMT)
• No Events ahead
Currency Forecast
EUR/USD : The euro edged lower on Wednesday as uncertainty over the conflict in the Middle East appeared to persist even after U.S. President Donald Trump extended indefinitely a ceasefire with Iran.Following Trump’s announcement, it was not clear if Iran or Israel, the U.S.' partner in the two-month war, would agree. The prospect of peace talks was also uncertain, while the crucial Strait of Hormuz shipping route remained virtually blocked with three ships reportedly hit by gunfire.Meanwhile, markets also weighed Kevin Warsh's comments at a Senate confirmation hearing, which were interpreted as slightly hawkish. He is the White House's nominee to lead the U.S. Federal Reserve.. Immediate resistance can be seen at 1.1823(50%fib), an upside break can trigger rise towards 1.1900(Psychological level).On the downside, immediate support is seen at 1.1728(61.8%fib), a break below could take the pair towards 1.1658(April 14th low).
GBP/USD: The British pound edged higher on Wednesday as markets grappled with continued uncertainty over the Middle East conflict, even after U.S. President ?Donald Trump indefinitely extended a ceasefire with Iran.It was unclear whether Iran or Israel Washington's ally in the two-month conflict agreed with the extension, and the prospect of peace talks was uncertain as the vital Strait of Hormuz shipping route remained blocked.Meanwhile, British inflation data ?showed early price pressures linked to the conflict. Consumer price inflation ?rose to an annual rate of 3.3% in March from 3.0% ?in February, in line with expectations.The BoE is widely expected to leave rates unchanged when it meets later this ?month, with markets assigning ?only about a ?10% chance of a hike. Immediate resistance can be seen at 1.3591(Higher BB), an upside break can trigger rise towards 1.3655(38.2%fib).On the downside, immediate support is seen at 1.3532(50%fib), a break below could take the pair towards 1.3499(April 14th low).
AUD/USD: Australian dollar firmed slightly on Wednesday as markets balanced fresh U.S.–Iran geopolitical developments.U.S. Vice President Vance cancelled his Pakistan trip, while President Trump described the Iran ceasefire as open-ended, adding to uncertainty around the durability of de-escalation efforts.Meanwhile, Iran has reportedly kept the Strait of Hormuz closed and classified any U.S. naval presence as hostile, raising concerns over potential disruptions to global energy supply routes and broader market risk appetite.Attention also turns to domestic policy signals, with RBA officials Hunter and Plumb scheduled to appear before the Senate productivity committee. Their remarks will be closely watched for any confirmation of the central bank’s tightening bias or signs of shifting economic assessment. Immediate resistance can be seen at 0.7156 (Higher BB), an upside break can trigger rise towards 0.7183(23.6%fib).On the downside, immediate support is seen at 0.7073(38.2%fib), a break below could take the pair towards 0.6990(50%fib).
USD/JPY: The U.S. dollar dipped on Wednesday as investors weighed the Bank of Japan’s policy outlook ahead of its meeting next week.The Bank of Japan is likely to hold off raising interest rates next week as fading prospects of a near-term end to the Middle East war keep the country's economic and price outlook highly uncertain.The protracted Middle East conflict has complicated the BOJ's plan to push up still-low borrowing costs with surging oil prices adding to mounting price pressures, while threatening to hurt an economy hugely reliant on imported fuel from the region.The BOJ ended a decade-long, massive stimulus in 2024 and raised interest rates including in December on the view that Japan was making progress in durably hitting its 2% inflation target. Immediate resistance can be seen at 159.43(Daily high) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.73(38.2%fib) a break below could take the pair towards 158.07(Lower BB).
Equities Recap
European shares dipped on Wednesday as markets assessed U.S. President Donald Trump’s announcement of an indefinite ceasefire with Iran, while investors also digested a raft of regional corporate earnings reports.
At GMT (12:20) UK's benchmark FTSE 100 was last trading down at 0.10 percent, Germany's Dax was down by 0.32percent, France’s CAC was up by 0.43 percent.
Commodities Recap
Gold prices rose on Wednesday as lower oil prices, following a U.S. extension of a ceasefire with Iran, eased fears of an inflation spike and prolonged high interest rates.
Spot gold rose 1.1% to $4,762.22 per ounce, as of 0615 GMT, after falling to its lowest level since April 13 on Tuesday.U.S. gold futures for June delivery gained 1.3% to $4,781.
Oil prices rose around 2% on Wednesday, erasing earlier losses after reports of gunfire attacks on at least three container ships in the Strait of Hormuz and a lack of progress in U.S.-Iran peace talks.
Brent crude futures were up $1.71, ?or 1.7%, at $100.19 a barrel at 1256 GMT. West Texas Intermediate futures were up $1.69, or 1.9%, ?to $91.36. Both benchmarks climbed about 3% on Tuesday.