Posted at 28 April 2026 / Categories Market Roundups
Market Roundup
• Japan Unemployment Rate (Mar)2.7%,2.6%forecast,2.6% previous
• Japan Jobs/applications ratio (Mar) 1.18, 1.18 forecast, 1.19 previous
• Japan BoJ Interest Rate Decision 0.75%, 0.75% forecast, 0.75% previous
Looking Ahead Economic Data (GMT)
•08:00 Spanish Unemployment Rate (Q1) 9.80% forecast, 9.93% previous
•08:00 Spanish Retail Sales (YoY) (Mar) 2.2% previous
•09:00 Italian Industrial Sales (MoM) (Feb) -0.30% previous
•09:00 Italian Industrial Sales (YoY) (Feb) -1.00% previous
•10:00 Italian PPI (YoY) (Mar) -2.7% previous
•10:00 Italian PPI (MoM) (Mar) -0.4% previous
•10:10 Italian 6-Month BOT Auction 2.482% previous
•10:10 Italian 3-Month BOT Auction 0.509% previous
Looking Ahead Events And Other Releases (GMT)
• 07:30 Japan BoJ Press Conference
Currency Forecast
EUR/USD : The euro dipped against the dollar on Tuesday as investors looked ahead to busy week for major central banks including the Federal Reserve as the Iran war loomed large over policymakers and markets.Markets watching out for the Federal Open Market Committee meeting on Wednesday. The U.S. central bank is expected to keep rates on hold in what is likely to be chair Jerome Powell's last meeting after Republican Senator Thom Tillis dropped his block on Kevin Warsh's confirmation process on Sunday.Central banks in the euro zone, the UK and Canada are among the others that will deliver rate decisions later this week, with the Iran war likely to take centre stage in policy deliberations. The euro was down 0.1% at $1.1713. Immediate resistance can be seen at 1.1745(50%fib), an upside break can trigger rise towards 1.1800(Psychological level).On the downside, immediate support is seen at 1.1677(SMA20), a break below could take the pair towards 1.1596(61.8%fib).
GBP/USD: Sterling edged lower against the dollar on Tuesday as geopolitical uncertainty continues to dampen risk appetite. Markets remain cautious after the U.S. reviewed Iran’s latest proposal to end the conflict, but reports suggest Donald Trump is unhappy with the terms, raising the likelihood of a prolonged stalemate.On the policy front, attention is turning to the upcoming Bank of England decision on Thursday. The central bank is widely expected to keep rates unchanged, with markets increasingly pricing a prolonged hold potentially stretching into 2026, despite ongoing inflation risks.Domestically, UK politics is also in focus, as Prime Minister Keir Starmer faces a vote regarding a possible parliamentary probe linked to Peter Mandelson. While not a primary market driver yet, political uncertainty could add to GBP sensitivity. Immediate resistance can be seen at 1.3543(April 28th high ), an upside break can trigger rise towards 1.3598(23.6%fib).On the downside, immediate support is seen at 1.3436(50%fib), a break below could take the pair towards 1.3407(SMA 20).
AUD/USD: The Australian dollar eased on Tuesday markets remained cautious as the Middle East stalemate continues to weigh on sentiment and limit directional conviction. The pair is lacking a strong catalyst, keeping price action contained despite underlying macro drivers. Geopolitically, tensions remain elevated after Iran’s nuclear issue was excluded from a peace proposal, reportedly unsettling U.S. leadership and adding another layer of uncertainty to already fragile negotiations. The next major catalyst is Australia’s Q1 CPI data due Wednesday, with expectations at +4.2% y/y. This release is critical in shaping the Reserve Bank of Australia’s rate path, as stronger inflation would reinforce tightening expectations, while a softer print could weigh on the currency. Immediate resistance can be seen at 0.7228(23.6%fib), an upside break can trigger rise towards 0.7270(Higher BB).On the downside, immediate support is seen at 0.7120(38.2%fib), a break below could take the pair towards 0.7071(SMA20).
USD/JPY: The U.S. dollar dipped on Tuesday as yen firmed after the Bank of Japan held interest rates steady in a split vote. The Bank of Japan kept interest ?rates steady on Tuesday but three in the nine-member board proposed hiking borrowing ?costs, signalling the ?bank's concern over inflationary pressures ?from the Middle ?East conflict. As widely expected, ?the central bank left unchanged its short-term policy rate at ?0.75% in a two-day ?meeting that ended on Tuesday. Board ?members Hajime Takata, Naoki Tamura and Junko Nakagawa dissented to the decision, ?instead calling ?for ?a hike to 1.0%.BOJ Governor Kazuo ?Ueda is expected ?to ?brief media on the decision at 3:30 p.m. (0630 ?GMT). Immediate resistance can be seen at 159.43(April 27th 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
Asian stocks slipped from record highs on Tuesday as caution set in ahead of key U.S. tech earnings, while the Philippine peso hit a record low.
Japan’s Nikkei 225 was down by 1.05% , Hang Seng was down at 1.05%, China A50 was down at 0.12 %
Commodities Recap
Gold dropped to a three-week low as high oil prices fueled inflation concerns, while markets awaited central bank decisions for rate outlook signals.
Spot gold was ?down 1.1% at $4,628.88 per ounce, as of 0553 GMT, its lowest level since ?April 7. U.S. gold futures for June delivery fell 1.1% to $4,643.70.
Crude prices advanced about 2% as ongoing U.S.-Iran tensions and limited access through the Strait of Hormuz supported supply fears.
U.S. West Texas Intermediate (WTI) crude ?for June rose $1.80, or 1.9%, to $98.17 a barrel, after gaining 2.1% in the previous session.