Posted at 28 April 2026 / Categories Market Roundups
Market Roundup
• Italian Industrial Sales (MoM) (Feb) 0.60%, -0.20% previous
• Italian Industrial Sales (YoY) (Feb) 0.50%, -0.80% previous
• Italian PPI (YoY) (Mar) 4.2%, -2.7% previous
• Italian PPI (MoM) (Mar) 4.4%, -0.4% previous
• Italian 6-Month BOT Auction 2.161%, 2.482% previous
• France Jobseekers Total (Mar) 3,109.1K, 3,073.5K previous
• US ADP Employment Change (Weekly) 39.30K, 40.25K previous
• US Redbook (YoY) 7.7%, 6.7% previous
• US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Feb) 0.9%, 1.1% forecast, 1.2% previous
• US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Feb) 0.4%, -0.1% previous
• US S&P/CS HPI Composite - 20 s.a. (MoM) (Feb) -0.1%, 0.2% previous
• US House Price Index (MoM) (Feb) 0.0%, 0.1% forecast, 0.2% previous
• US House Price Index (YoY) (Feb) 1.7%, 1.8% previous
• US House Price Index (Feb) 441.4, 441.5 previous
• US CB Consumer Confidence (Apr) 92.8, 89.0 forecast, 92.2 previous
• US Richmond Manufacturing Index (Apr) 3, 2 forecast, 0 previous
• US Richmond Services Index (Apr) 9, 9 previous
• US Richmond Manufacturing Shipments (Apr) -2, -2 previous
Looking Ahead Economic Data (GMT)
•18:00 US 7-Year Note Auction 4.255% previous
•18:00 M2 Money Supply (MoM) (Mar) 22.65T previous
Looking Ahead Events And Other Releases (GMT)
• 18:30 EUECB President Lagarde Speaks
Currency Forecast
EUR/USD : The euro dipped against the dollar on Tuesday as markets focused ?on central bank policy decisions and guidance while the Iran war loomed large.U.S. President Donald Trump discussed a new Iranian proposal on resolving the war with his top ?national security aides on Monday. But a U.S. official said later that Trump was unhappy with the proposal because it did not address Iran's nuclear programme.Markets are also 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.The euro was down 0.22% at $1.1694, while the British pound fell 0.37% to $1.3480. 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 eased against a stronger U.S. dollar on Tuesday as market attention focused on central bank action, including from the Bank of England, while uncertainty over ?the Iran war persisted.The Bank of England on Thursday is expected to keep interest rates steady, but markets will be paying close attention to any guidance or ?comments from the central bank about how the Iran war may impact the economy, ?and monetary policy.Money markets have been sensitive to developments in the ?Iran war since it began. As higher energy prices sparked inflation expectations and growth fears emerged, traders increased bets on rate hikes from the BoE.Besides the BoE, various other major central banks are set to stay on hold this week, including the European Central Bank ?and U.S. Federal Reserve. 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
European shares dipped on Tuesday as investors braced for a packed week of central bank meetings and corporate earnings, while weighing a diplomatic impasse in U.S.-Iran negotiations.
At GMT (13:40) UK's benchmark FTSE 100 was last trading down at 0.21 percent, Germany's Dax was down by 0.44 percent, France’s CAC was down by 0.52 percent.
Commodities Recap
Gold fell to a near four-week low on Tuesday, as inflation concerns remained heightened after U.S. President Donald Trump appeared dissatisfied with Iran's latest proposal to end the war, while investors await the U.S. Federal Reserve monetary policy meeting this week.
Spot gold dropped 2.1% to $4,585.21 ?per ounce, as of 9:45 a.m. EDT (1345 GMT), its lowest level since April 2. ?U.S. gold futures for June delivery fell 2% to $4,598.40.
Oil prices rose more than 3% on Tuesday as stalled efforts to end the Iran war kept the Strait of Hormuz largely closed, constraining Middle East supplies, though the UAE's announcement that it would leave OPEC and OPEC+ trimmed gains.
Brent crude futures for June climbed $3.37, or 3.1%, to $111.60 a barrel by 1336 GMT, after gaining 2.8% to close the previous session at their highest since ?April 7. The contract is up for a seventh straight day.