Posted at 13 May 2026 / Categories Market Roundups
Market Roundup
• Australia Wage Price Index (QoQ) (Q1): 0.8%, 0.8% forecast, 0.8% previous.
•Australia Home Loans (MoM) (Q1): -4.3%, 9.4% previous.
•Australia Wage Price Index (YoY) (Q1): 3.3%, 3.3% forecast, 3.4% previous.
•New Zealand Inflation Expectations (QoQ) (Q2): 2.5%, 2.4% previous.
•France CPI (MoM) (Apr): 1.0%, 1.0% forecast, 1.0% previous
•France HICP (MoM) (Apr): 1.2%, 1.2% forecast, 1.1% previous.
•France HICP (YoY) (Apr): 2.5%, 2.5% forecast, 2.0% previous.
•France CPI (YoY) (Apr): 2.2%, 2.2% forecast, 1.7% previous.
•France CPI NSA (MoM) (Apr): 1.00%, 1.00% previous.
•France CPI NSA (YoY) (Apr): 2.20%, 1.70% previous.
Looking Ahead Economic Data (GMT)
•09:00 EU GDP (QoQ) (Q1) 0.1% forecast, 0.2% previous.
•09:00 EU GDP (YoY) (Q1) 0.8% forecast, 1.2% previous.
•09:00 EU Industrial Production (MoM) (Mar) 0.3% forecast, 0.4% previous.
•09:00 EU Employment Overall (Q1) 1,72,571.6K previous.
•09:00 EU Industrial Production (YoY) (Mar) -1.7% forecast, -0.6% previous.
•09:00 EU Employment Change (YoY) (Q1) 0.7% previous.
•09:00 EU Employment Change (QoQ) (Q1) 0.0% previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
Currency Forecast
EUR/USD : The euro dipped on Wednesday as a hot U.S. inflation reading sent greenback higher against euro. U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of ?November's midterm elections.The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in the costs of energy products amid the U.S.-Israeli war with Iran. Food prices surged last month and inflation also spilled over to the services sector, with higher rental costs and airfares. The ?U.S. dollar index , which tracks the greenback against a basket of six major currencies, was steady ?at 98.325 - near the strongest level in a week. Immediate resistance can be seen at 1.1748(SMA 20), an upside break can trigger rise towards 1.1801(50%fib).On the downside, immediate support is seen at 1.1701(61.8%fib), a break below could take the pair towards 1.1651(Lower BB).
GBP/USD: Sterling edged lower against on Wednesday as dollar firmed as stronger-than-expected U.S. inflation data dimmed hopes for Federal Reserve rate cuts. Data ?showed that U.S. consumer inflation increased further in April, with the annual rate posting its largest ?gain in three years, further reducing hopes that the Fed will cut interest rates this year.Traders have largely priced ?out a Fed rate cut this year, with markets now seeing a 30% chance of a hike by December, according to CME Group's FedWatch tool. Investors are looking ahead to the Producer Price Index, scheduled for release later in the day, and a meeting between U.S. President Donald Trump and ?Chinese President Xi Jinping ?in Beijing, scheduled ?to run from Thursday to Friday. Trump said on Tuesday he does not think he will need China's help to end the war with Iran, ?even as hopes for a lasting peace deal dwindled and Tehran tightened its ?grip over ?the Strait of Hormuz. Immediate resistance can be seen at 1.3563(50%fib), an upside break can trigger rise towards 1.3625(Higher BB).On the downside, immediate support is seen at 1.3501(May 12th low), a break below could take the pair towards 1.3430(61.8%fib).
AUD/USD: Australian dollar eased on Wednesday after data showed Australia wages growth slowed in Q1.Australian wages rose at a moderate pace in the first quarter as annual growth in the private sector slowed to the lowest in almost four years, data showed on ?Wednesday.Australia’s wage price index rose 0.8% in Q1, matching forecasts and unchanged from Q4, while annual wage growth eased to 3.3% from 3.4%, signalling moderating wage pressures.Markets are focused on the upcoming U.S.-China meeting in Beijing, with trade, technology, AI, and business ties in focus. Any easing in tensions could support the Australian dollar due to Australia’s strong trade links with China. Meanwhile, Australia’s 2026/27 budget forecast slightly smaller deficits, proposed major housing tax changes, and largely left inflation control to the Reserve Bank of Australia. Immediate resistance can be seen at 0.7269(23.6%fib), an upside break can trigger rise towards 0.7283(Higher BB).On the downside, immediate support is seen at 0.7190(SMA 20), a break below could take the pair towards 0.7090(50%fib).
USD/JPY: The U.S. dollar strengthened against yen on Wednesday as dollar was supported by stronger-than-expected US inflation data that reduced expectations for Federal Reserve interest rate cuts.US consumer inflation rose 3.8% in April, above forecasts of 3.7% and the highest since May 2023, as surging energy prices tied to the Middle East conflict added to price pressures.Markets have largely priced ?out any chance of a rate cut from the Fed this year, while expectations for a hike of at least 25 basis points at the central bank's December meeting rose to 35%, according to CME's FedWatch Tool..Immediate resistance can be seen at 158.00(38.2%fib) an upside break can trigger rise towards 158.36(Higher BB) .On the downside, immediate support is seen at 156.70(Daily low) a break below could take the pair towards 155.82(Lower BB).
Equities Recap
Asian stocks found their footing after an initial selloff on Wednesday, helped by a turnaround in Korean shares as revived AI optimism dwarfed concerns about stalled talks between Washington and Tehran and hotter-than-expected U.S. inflation.
Japan’s Nikkei 225 was up by 0.44% , Hang Seng was down at 0.12%, China A50 was up at 0.33%
Commodities Recap
Oil prices fell on Wednesday, ending a three-day rally as investors monitored the fragile Middle East ceasefire and awaited the high-stakes meeting between Donald Trump and Xi Jinping in Beijing.
Brent crude futures dropped 86 cents, or 0.8%, to $106.91 a barrel at 0809 GMT. U.S. West Texas Intermediate futures fell $1.04, or 1%, to $101.14.
Gold prices fell further on Wednesday as Middle East uncertainty and stronger U.S. inflation data reduced hopes for Fed rate cuts, while investors also focused on the Trump-Xi summit in Beijing.
Spot gold fell 0.3% to $4,701.98 per ounce, ?as of 0752 GMT, retreating further from a three-week high in the last ?session. U.S. gold futures for June delivery gained 0.6% to $4,712.70.