Posted at 14 May 2026 / Categories Market Roundups
Market Roundup
• UK GDP (YoY) (Q1): 1.1%, 0.8% forecast, 1.0% previous.
• UK GDP (MoM) (Mar): 0.3%, -0.1% forecast, 0.4% previous.
• UK GDP (QoQ) (Q1): 0.6%, 0.6% forecast, 0.2% previous.
• UK Industrial Production (MoM) (Mar): -0.2%, -0.2% forecast, 0.3% previous.
• UK Manufacturing Production (MoM) (Mar): 1.2%, -0.1% forecast, -0.2% previous.
• UK Business Investment (QoQ) (Q1): 0.7%, 1.1% forecast, -2.9% previous.
• UK Monthly GDP 3M/3M Change (Mar): 0.6%, 0.6% forecast, 0.5% previous.
• UK Trade Balance (Mar): -27.22B, -19.80B forecast, -22.80B previous.
• UK Trade Balance Non-EU (Mar): -15.19B, -7.10B previous.
• UK Industrial Production (YoY) (Mar): 0.0%, 0.2% forecast, -0.5% previous.
• UK Business Investment (YoY) (Q1): -1.8%, 1.8% previous.
• UK Construction Output (MoM) (Mar): 1.5%, -0.5% forecast, 0.5% previous.
• UK Manufacturing Production (YoY) (Mar): 1.2%, 0.0% forecast, -0.8% previous.
• UK Construction Output (YoY) (Mar): -0.3%, -2.5% forecast, -1.6% previous.
• UK GDP (YoY) (Mar): 1.2%, 0.7% forecast, 1.0% previous.
• UK Index of Services: 0.8%, 0.6% forecast, 0.5% previous.
•Spain CPI (YoY) (Apr): 3.2%, 3.2% forecast, 3.4% previous.
•Spain HICP (YoY) (Apr): 3.5%, 3.5% forecast, 3.4% previous.
•Spain Core CPI (YoY) (Apr): 2.8%, 2.8% forecast, 2.9% previous.
•Spain HICP (MoM) (Apr): 0.7%, 0.7% forecast, 1.7% previous.
•Spain CPI (MoM) (Apr): 0.4%, 0.4% forecast, 1.2% previous.
•US Retail Sales (MoM) (Apr): 0.5%, 0.5% forecast, 1.6% previous.
•US Core Retail Sales (MoM) (Apr): 0.7%, 0.7% forecast, 1.9% previous.
•US Initial Jobless Claims: 211K, 205K forecast, 199K previous.
•Canada Wholesale Sales (MoM) (Mar): 1.9%, 1.3% forecast, 2.4% previous.
•US Retail Control (MoM) (Apr): 0.5%, 0.4% forecast, 0.8% previous.
•US Export Price Index (MoM) (Apr): 3.3%, 1.1% forecast, 1.5% previous.
•US Import Price Index (MoM) (Apr): 1.9%, 1.0% forecast, 0.9% previous.
•US Continuing Jobless Claims: 1,782K, 1,790K forecast, 1,758K previous.
•Canada New Motor Vehicle Sales (MoM) (Mar): 176.5K, 124.0K previous.
•US Retail Sales Ex Gas/Autos (MoM) (Apr): 0.5%, 0.7% previous.
•US Retail Sales (YoY) (Apr): 4.87%, 4.15% previous.
•US Jobless Claims 4-Week Avg.: 203.75K, 203.00K previous.
•US Export Price Index (YoY) (Apr): 8.8%, 5.6% previous.
•US Import Price Index (YoY) (Apr): 4.2%, 2.3% previous.
•US Business Inventories (MoM) (Mar): 0.9%, 0.8% forecast, 0.4% previous.
Looking Ahead Economic Data (GMT)
•16:00 US Atlanta Fed GDPNow (Q2) 3.7% forecast, 3.7% previous.
•16:00 US 4-Week Bill Auction 3.610% previous.
•16:00 US 8-Week Bill Auction 3.595% previous.
•21:30 US Fed's Balance Sheet 6,710B previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro dipped on Thursday as investors began to price in the chances of Federal Reserve rate hikes this year, while the global focus was on a two-day summit between U.S. President Donald Trump and China's Xi Jinping.Xi told Trump trade talks were making progress at the start of a two-day summit on Thursday, but cautioned that disagreement over Taiwan could send relations down a dangerous path and even lead to ?conflict.The dollar rally has been gathering pace all week, on the back of evidence that domestic inflation is mounting. The latest data point on Wednesday showed U.S. producer prices posted their biggest increase in four years in April, on the heels of Tuesday's report that showed consumer inflation ran at its fastest pace in three years.. 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 dipped on Thursday ?as a political crisis in the UK escalated with the resignation of health minister Wes Streeting turning up the heat on Prime Minister ?Keir Starmer.Starmer is under pressure to resign ?over hefty losses for the ruling ?Labour party in last week's local elections.Sterling ?fell as much as 0.2% to $1.3502, having traded ?around $1.351 prior to the news. It was last at $1.3518.On the data front, Britain's economy grew unexpectedly in March, data showed on Thursday, to cap another strong ?first quarter, suggesting it was in better shape than many feared after the economy ?barely grew in the fourth quarter of last year. 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 edged higher 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
European shares rose on Thursday, supported by tech stocks, though stalled U.S.-Iran peace talks and the high-stakes U.S.-China summit kept investors cautious.
At GMT (13:40) UK's benchmark FTSE 100 was last trading up at 0.19 percent, Germany's Dax was up by 1.51 percent, France’s CAC was up by 0.86 percent.
Commodities Recap
Oil prices dipped on Thursday after Iran said around 30 vessels had crossed the Strait of Hormuz and reports indicated some Chinese ships were being allowed to transit.
Brent crude oil futures ?were down 60 cents, or 0.6%, to $105.03 a barrel at 1422 GMT. U.S. West Texas Intermediate futures ?dropped 52 cents, or 0.5%, to $100.50.
Gold prices edged lower on Thursday as investors monitored developments in the Middle East war and signals from the Trump-Xi meeting.
Spot gold was ?down 0.4% at $4,668.34 per ounce at 9:42 a.m. EDT (1342 GMT). U.S. ?gold futures for June delivery fell 0.7% to $4,672.70.