Posted at 14 May 2026 / Categories Market Roundups
Market Roundup
•New Zealand Permanent/Long-Term Migration (Mar): 3,370, 3,700 previous.
• New Zealand External Migration & Visitors (Mar): 15.10%, 15.20% previous.
•New Zealand Visitor Arrivals (MoM): -3.0%, 2.1% previous.
•Japan M3 Money Supply (Apr): 2,282.6B, 2,280.1B previous.
• Japan Foreign Bonds Buying: 2,406.4B, -887.7B previous.
•Japan Foreign Investments in Japanese Stocks: 301.5B, 811.7B previous.
•Japan M2 Money Stock (YoY): 2.3%, 2.0% previous, 1.9% forecast.
•Japan Foreign Bonds Buying: 1,640.7B, 2,406.4B previous.
•Japan Foreign Investments in Japanese Stocks: 1,437.5B, 301.5B previous.
•Japan 30-Year JGB Auction: 3.842%, 3.697% previous.
Looking Ahead Economic Data (GMT)
•08:00 Spain CPI (YoY) (Apr): 3.2% forecast, 3.4% previous.
•08:00 Spain HICP (YoY) (Apr): 3.5% forecast, 3.4% previous.
•08:00 Spain Core CPI (YoY) (Apr): 2.8% forecast, 2.9% previous..
•08:00 Spain HICP (MoM) (Apr): 0.7% forecast, 1.7% previous.
•08:00 Spain CPI (MoM) (Apr): 0.4% forecast, 1.2% previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro dipped on Thursday as investors increased bets on another Federal Reserve rate hike following hotter-than-expected inflation data this week.U.S. producer prices posted their biggest gain since early 2022, following Tuesday's consumer price data that showed annual inflation rose at its fastest pace in three years.Higher inflation and stronger labour market data have led some traders to price in the prospect of a potential rate hike in the first half of next year even as many economists and analysts continue to see a rate cut as the likely next move by the U.S. central bank. The euro bought $1.1716, near its lowest 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 on Thursday as investors bet on further Fed rate hikes, while the U.S.-Iran impasse boosted safe-haven demand for the dollar.The global focus was on a highly anticipated meeting between Donald Trump and China's Xi Jinping in Beijing on Thursday, where the U.S. President is aiming to secure economic wins, maintain a fragile trade truce and navigate thorny issues such as the U.S.-Israeli war on Iran. Traders have pushed the currency higher ahead of the Trump-Xi meeting, anticipating deals between the world's two largest economies. Sterling last bought $1.3527 and was headed for a weekly fall of roughly 0.8%, pressured in part by political turmoil at home. 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 eased slightly in subdued trading on Thursday as investors focused on the upcoming U.S.-China meeting in Beijing.Markets await the U.S.-China meeting in Beijing, with easing tensions likely to support the Australian dollar due to strong Australia-China trade ties.Discussions between President Trump and President Xi are expected to cover the Iran war, Taiwan, trade, and broader business ties, with markets watching closely for any signs of easing tensions.Australia’s 2026/27 federal budget posted an underlying cash deficit of A$31.5 billion, slightly better than mid-year projections.The broader backdrop continues to be shaped by the US-Iran conflict, the Strait of Hormuz remains effectively closed. 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 was little changed against yen on Thursday as investors digested BOJ board member comments.The Bank of Japan should raise interest rates as soon as possible if there are no clear signs of an economic slowdown, Kazuyuki Masu, a member of the central bank's board, said on Thursday, pointing to mixed views at an April policy meeting.The remarks by Masu, who voted to keep rates steady, suggest he may join the dissenters to call for a rate hike at the BOJ's next meeting in June.The BOJ kept its policy rate steady at 0.75% last month, but three of the nine board members dissented and called instead for a hike to 1.0%, in a sign of growing alarm over inflationary pressures from the Iran war-driven energy shock.The BOJ exited a decade-long massive stimulus in 2024 and raised its policy rate several times, including in December, on the view that Japan was on the cusp of durably achieving its inflation target of 2%.Immediate resistance can be seen at 158.00(Psychological level) 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 rose on Thursday, driven by AI optimism as investors looked past higher interest rate risks, while the Trump-Xi summit delivered few major surprises..
Japan’s Nikkei 225 was down by 0.95% , Hang Seng was up at 0.16%, China A50 was downat 0.57%
Commodities Recap
Gold prices were steady on Thursday as investors focused on Trump-Xi talks and monitored signs of progress in the Iran war.
Spot gold was steady at $4,689.49 per ounce, as of 0602 GMT. U.S. gold futures for June delivery fell ?0.2% at $4,696.40.
Oil prices rose on Thursday as markets watched the high-stakes Trump-Xi meeting for any progress on ending the Iran war, which has heavily disrupted global oil supplies.
Brent crude futures were up 26 cents, or 0.25%, to $105.89 a barrel by 0250 GMT, ?while U.S. West Texas Intermediate futures rose 32 cents, or 0.32%, to $101.34.