Posted at 13 May 2026 / Categories Market Roundups
Market Roundup
• US CPI (MoM) (Apr): 0.6%, 0.6% forecast, 0.9% previous.
• US CPI (YoY) (Apr): 3.8%, 3.7% forecast, 3.3% previous.
• US Core CPI (MoM) (Apr): 0.4%, 0.3% forecast, 0.2% previous.
• US Core CPI (YoY) (Apr): 2.8%, 2.7% forecast, 2.6% previous.
• US CPI Index, n.s.a. (Apr): 333.02, 330.21 previous.
• US Core CPI Index (Apr): 335.42, 334.17 previous.
• US CPI, n.s.a (MoM) (Apr): 0.85%, 1.05% previous.
• US CPI Index, s.a (Apr): 332.41, 330.29 previous.
• US Real Earnings (MoM) (Apr): -0.2%, -0.9% previous.
• US Redbook (YoY): 9.6%, 7.8% previous.
Looking Ahead Economic Data (GMT)
• 02:30 Australia Wage Price Index (QoQ) (Q1) 0.8% forecast, 0.8% previous.
• . 02:30 Australia Home Loans (MoM) (Q1) 10.6% previous.
• 02:30 Australia Westpac Consumer Sentiment (May) -12.5% previous.
• 02:30 Wage Price Index (YoY) (Q1) 3.3% forecast, 3.4% previous.
• 04:00 New Zealand Inflation Expectations (QoQ) (Q2) 2.4% previous.
Looking Ahead Events And Other Releases (GMT)
• No data ahead
Currency Forecast
EUR/USD : The euro dipped on Tuesday as dollar rose after U.S. economic data showed inflation accelerated at a brisk pace, while uncertainty over the durability of a ceasefire in the Iran war also boosted the safe-haven greenback.The Labor Department said the Consumer Price Index (CPI) increased 0.6% last month, matching the estimate of economists polled by Reuters, after surging 0.9% in March.In the 12 months through April, the CPI advanced 3.8%, marking the biggest year-on-year increase since May 2023 and a touch above the 3.7% forecast, after a 3.3% rise in March. Meanwhile, hopes for a peace deal on Iran faded on Tuesday, however, after Donald Trump said a ceasefire with Iran was "on life support" as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the U.S. president described as "garbage." Immediate resistance can be seen at 1.1812(50%fib), an upside break can trigger rise towards 1.1828(Higher BB).On the downside, immediate support is seen at 1.1733(SMA 20), a break below could take the pair towards 1.1705(61.8%fib).
GBP/USD: Sterling slipped lower against the U.S. dollar on Tuesday as markets kept a close watch on political developments, amid growing concern that British Prime Minister Keir Starmer could step down.Starmer was ?consulting colleagues about whether he can ?stay on as prime minister on ?Tuesday ahead of a crunch cabinet meeting ?that comes after ministerial aides quit and ?almost 80 lawmakers publicly called for him to go. Investors have been concerned that if ?Starmer is forced out, he would ?be ?replaced by a more left-leaning Labour leader, who might increase public borrowing, which would ?put ?even more pressure on ?Britain's already fragile finances and hit bond and currency markets. Sterling was down 0.45% at $1.3550. Immediate resistance can be seen at 1.3620(Higher BB ), an upside break can trigger rise towards 1.3682(38.2%fib).On the downside, immediate support is seen at 1.3462(Lower BB), a break below could take the pair towards 1.3409(61.8%fib).
USD/CAD: The Canadian dollar weakened against dollar on Tuesday as investors grew more risk averse and U.S. inflation data boosted the greenback. The U.S. dollar rose for a second consecutive session after strong inflation data reinforced expectations of persistent price pressures, while doubts over the Iran ceasefire boosted demand for the safe-haven greenback. U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years. The price of oil, one of Canada's major exports, was trading 3.5% higher at $101.52 a barrel as supply concerns moved back into the spotlight.Data on Friday showed Canada’s economy lost 17,700 jobs in April, while the unemployment rate climbed to a six-month high of 6.9%, highlighting ongoing labor market weakness amid trade uncertainty.. Immediate resistance can be seen at 1.3720(50%fib), an upside break can trigger rise towards 1.3731(Higher BB).On the downside, immediate support is seen at 1.3661(SMA 20), a break below could take the pair towards 1.3617(38.2%fib)
USD/JPY: The U.S. dollar strengthened against yen on Tuesday after U.S. economic data showed inflation continued to increase, while uncertainty over the stability of a ceasefire in the Iran war also supported the safe-haven greenback.The Labor Department said the Consumer Price Index (CPI) increased 0.6% last month, matching the estimate of economists polled by Reuters, after surging 0.9% in March.In the 12 months through April, the CPI advanced 3.8%, marking the biggest year-on-year increase since May 2023 and a touch above the 3.7% forecast, after a 3.3% rise in March. Markets have largely priced out any chance of a rate cut from the Federal Reserve this year, while expectations for a hike of at least 25 basis points at the central bank's December meeting rose to 36% from 23.6% in the prior session, according to CME's FedWatch Tool. Immediate resistance can be seen at 157.78(Daily high) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 156.81(Daily low) a break below could take the pair towards 155.82(50%fib).
Equities Recap
European shares closed lower in broad-based declines on Tuesday as dimming hopes for a U.S.-Iran peace deal sent oil prices higher and weighed on risk sentiment.
UK's benchmark FTSE 100 closed down by 0.04 percent, Germany's Dax ended down by 1.62 percent, France’s CAC finished the day down by 0.95 percent.
The S&P 500 and Nasdaq slipped from record highs on Tuesday as hotter-than-expected inflation and renewed U.S.-Iran tensions prompted investors to book profits after a strong earnings season.
Dow Jones closed up by 0.02 percent, S&P 500 closed up by 0.84 percent, Nasdaq settled up by 1.71 percent.
Commodities Recap
Gold prices were under pressure on Tuesday as fading hopes of a U.S.-Iran peace deal pushed oil higher, stoking inflation fears and expectations of higher global interest rates.
Spot gold fell 1.2% to $4,678.49 per ounce by 1757 GMT. U.S. gold futures settled 0.9% lower at $4,686.70.
Oil prices rose for a third straight session on Tuesday as widening U.S.-Iran differences over a peace proposal raised fears of prolonged global supply disruptions.
Brent crude futures gained $3.56, or 3.42%, to settle at $107.77 a barrel, and U.S. West Texas Intermediate futures closed up $4.11, or 4.19%, at $102.18. Both benchmarks had climbed nearly 3% on Monday.