Posted at 15 May 2026 / Categories Market Roundups
Market Roundup
• Italian CPI (MoM) (Apr): 1.1%, 1.2% forecast, 0.5% previous.
• Italian CPI (YoY) (Apr): 2.7%, 2.8% forecast, 1.7% previous.
•Italian HICP (YoY) (Apr): 2.8%, 2.9% forecast, 1.6% previous.
•Italian HICP (MoM) (Apr): 1.6%, 1.7% forecast, 1.7% previous.
•Canada Housing Starts (Apr): 279.3K, 244.0K forecast, 239.7K previous.
•Canada Foreign Securities Purchases (Mar): 4.62B, 11.40B forecast, 5.84B previous.
•US NY Empire State Manufacturing Index (May): 19.60, 7.30 forecast, 11.00 previous.
•Canada Foreign Securities Purchases by Canadians (Mar): 3.900B, 25.270B previous.
•Canada Manufacturing Sales (MoM) (Mar): 3.0%, 3.5% forecast, 3.4% previous.
Looking Ahead Economic Data (GMT)
•18:00 US Baker Hughes Oil Rig Count: 410 previous.
•18:00 US Baker Hughes Total Rig Count: 548 previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro dipped on Friday as dollar firmed as mounting inflationary pressures from higher energy prices fuelled bets on a Federal Reserve rate hike this year.The dollar's climb on Friday came alongside rising U.S. Treasury yields that have jumped to one-year peaks as traders ramped up bets that the Fed would need to raise rates this year.The U.S. dollar's rally has been gathering pace all week on evidence that while domestic inflation is mounting, the U.S. economy remains resilient despite the ongoing Middle ?East conflict.Investors are now pricing in a more than 55% chance that the Fed could raise rates by December, compared with ?less than a 20% chance a week ago, according to the CME FedWatch tool. Immediate resistance can be seen at 1.1666(50%fib), an upside break can trigger rise towards 1.1727(SMA 20).On the downside, immediate support is seen at 1.1547(38.2%fib), a break below could take the pair towards 1.1501(April 67th low).
GBP/USD: Sterling slipped on Friday as domestic political uncertainty and global inflation concerns weighed on UK assets. Prime Minister Keir Starmer struggled to hold onto power after Health Minister Wes Streeting resigned following Labour’s poor local election results .British Prime Minister Keir Starmer was in a battle to hold on to power ?after his health minister Wes Streeting resigned from government, while others positioned themselves to challenge ?his leadership, following disastrous local election results last week.Markets are concerned that a new leader ?may be willing to loosen fiscal policy more, with British government borrowing costs up sharply again and UK bank ?stocks selling off on Friday.Greater Manchester Mayor Andy Burnham has been offered a path for a possible leadership ?challenge after another Labour lawmaker said he would resign his parliamentary seat. If Burnham were to win the seat, he could then challenge for the party leadership. Immediate resistance can be seen at 1.3414(Daily high), an upside break can trigger rise towards 1.3475(38.2%fib).On the downside, immediate support is seen at 1.3321(38.2%fib), a break below could take the pair towards 1.3154(23.6%fib).
AUD/USD: Australian dollar slipped lower on Friday as the U.S. dollar gained ground on expectations of a Federal Reserve rate hike later this year.The dollar rally has been gathering pace all week, on the back of evidence that domestic inflation is mounting while the U.S. economy remains resilient despite the ongoing Middle East conflict.Data on Thursday showed U.S. retail sales increased further in April while weekly initial jobless claims figures pointed to stability in the labour market.Investors are now pricing in just over a 44% chance that the Fed could raise rates in December, compared to a 22.5% chance a ?week ago, according to the CME FedWatch tool. Immediate resistance can be seen at 0.7191(SMA 20), an upside break can trigger rise towards 0.7270(23.6%fib).On the downside, immediate support is seen at 0.7155(38.2%fib), a break below could take the pair towards 0.7112(Lower BB).
USD/JPY: The U.S. dollar firmed on Friday as greenback firmed as mounting inflationary pressures from higher energy prices fuelled bets of a Federal Reserve rate hike this year.Data on Thursday showed U.S. retail sales increased further in April while weekly initial jobless claims figures pointed to stability in the labour market.The greenback's strength pushed the yen to the weaker side of 158 per dollar and kept traders on alert for further intervention from Tokyo.Japan’s wholesale inflation hit a three-year high in April as the Iran war drove up oil and chemical prices, boosting expectations of a BOJ rate hike soon. The data came after a Bank of Japan (BOJ) policymaker called for raising rates "at the earliest stage possible" as soaring fuel costs from the Middle East war stoked price pressures.Immediate resistance can be seen at 158.58(38.2%fib) an upside break can trigger rise towards 159.00(Psychological level) .On the downside, immediate support is seen at 157.42(Daily low) a break below could take the pair towards 156.84(50%fib ).
Equities Recap
European shares tumbled on Friday, led by technology and material stocks, as a deadlock in U.S.-Iran negotiations hurt risk appetite, rattled energy markets and revived concerns over an economic.
At GMT (12:40) UK's benchmark FTSE 100 was last trading down at 1.86 percent, Germany's Dax was down by 1.93 percent, France’s CAC was down by 1.53 percent.
Commodities Recap
Oil prices gained about 2% on Friday after comments from U.S. President Donald Trump and Iran's foreign minister further dampened hopes of a deal to end ship attacks and seizures around the Strait of Hormuz.
Brent crude futures gained $2.50, or 2.4%, to $108.22 a barrel by 1139 GMT. U.S. West Texas Intermediate futures were up $2.86, or 2.4%, at $104.03.
Gold dropped more than 2% on Friday as rising Treasury yields and a stronger U.S. dollar reduced its appeal, while higher oil prices and persistent Middle East tensions reinforced expectations of prolonged higher interest rates.
Spot gold was down 2.1% at $4,551.81 per ounce by 1141 GMT, its lowest ?since May 5. Bullion is on track for a weekly loss, down 3.4% so ?far. U.S. gold futures for June delivery lost 2.8% to $4,556.40.