Posted at 20 May 2026 / Categories Market Roundups
Market Roundup
•Canada Core CPI (MoM) (Apr): 0.2%, 0.2% previous.
•Canada Core CPI (YoY) (Apr): 2.1%, 2.5% previous.
•Canada CPI (MoM) (Apr): 0.4%, 0.7% forecast, 0.9% previous.
•Canada Building Permits (MoM) (Mar): 10.3%, 2.1% forecast, -7.8% previous.
•Canada New Housing Price Index (MoM) (Apr): -0.4%, 0.0% forecast, -0.2% previous.
•Canada Common CPI (YoY) (Apr): 2.5%, 2.6% forecast, 2.6% previous.
•Canada CPI (YoY) (Apr): 2.8%, 3.1% forecast, 2.4% previous.
•Canada Median CPI (YoY) (Apr): 2.1%, 2.3% forecast, 2.3% previous.
•Canada Trimmed CPI (YoY) (Apr): 2.0%, 2.2% forecast, 2.2% previous.
•US Pending Home Sales (MoM) (Apr): 1.4%, 1.0% forecast, 1.7% previous
•US Pending Home Sales Index (Apr)74.8,73.8 previous
Looking Ahead Economic Data (GMT)
• 02:00 China PBoC Loan Prime Rate (May) 3.50% forecast, 3.50% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro slipped lower against on Tuesday as dollar firmed as U.S. bond yields rose again on Tuesday, while oil prices eased as investors digested the latest headlines on U.S. talks with Iran to end the war.U.S. President Donald Trump said on Tuesday that the United States may need to strike Iran again and that he had been an hour away from ordering an attack before postponing it. Trump on Monday said he had paused a planned resumption of hostilities following a new proposal by Tehran to end the U.S.-Israeli war.U.S. Vice President JD Vance said the United States and Iran have made a lot of progress in their talks and neither side wants to see a resumption of the military campaign. Yields on U.S. Treasuries climbed, with the 30-year Treasury bond's yield rising to 5.197%, its highest in 19 years. It was last at 5.18% . Immediate resistance can be seen at 1.1661(Daily high), an upside break can trigger rise towards 1.1705(SMA 20).On the downside, immediate support is seen at 1.1603(23.6%fib), a break below could take the pair towards 1.1584(Lower BB).
GBP/USD: Sterling slipped lower on Tuesday after softer UK labour market data reinforced concerns about the strength of the British economy.The unemployment rate unexpectedly rose to 5.0% in March, above expectations for a 4.9% reading, signalling growing pressure in the labour market as businesses continue to scale back hiring activity.Data also showed employers advertised fewer job openings in April, suggesting companies remain cautious amid slowing economic momentum and elevated borrowing costs.The pound had rallied on Monday, briefly climbing to 1.3449, after comments from Andy Burnham triggered a wave of GBP short-covering.Burnham reassured markets by pledging adherence to the UK’s fiscal rules should he become prime minister, easing fears of aggressive government spending and supporting confidence in UK assets. Immediate resistance can be seen at 1.3472(50%fib), an upside break can trigger rise towards 1.3507(Higher BB).On the downside, immediate support is seen at 1.3310(38.2%fib), a break below could take the pair towards 1.3224(Lower BB).
USD/CAD: The Canadian dollar weakened to a near five-week low against its U.S. counterpart on Tuesday as domestic data showed that inflation accelerated less than expected in April and the greenback posted broad-based gains.Canada's consumer price ?index increased at an annual rate of 2.8% in April, up from 2.4% ?in March, driven largely by a surge in gasoline prices after the Iran war ?pushed global oil prices sharply higher.Analysts had forecast 3.1% for the headline rate, while measures of underlying price pressures, closely watched by the Bank of Canada, eased. The price of oil, one of Canada's ?major exports, ?was barely changed at about $108.65 a barrel, holding near the top of its range since the start of May. The loonie was trading ?0.1% lower at 1.3750 per U.S. dollar , after ?touching its weakest intraday level since April 15 at 1.3773. Immediate resistance can be seen at 1.3804(38.2%fib), an upside break can trigger rise towards 1.3823(Higher BB).On the downside, immediate support is seen at 1.3697(50%fib), a break below could take the pair towards 1.3678(SMA 20)
USD/JPY: The U.S. dollar firmed on Tuesday as greenback as stronger dollar offset stronger-than-expected Japan's Q1 GDP data. Japan’s economy expanded faster than expected in Q1, supported by strong exports and steady consumer spending, data showed. Japan’s real GDP grew at an annualised 2.1% in the first quarter, data showed on Tuesday, beating the median forecast of 1.7% and improving from a revised 0.8% expansion in the October–December quarter. The world’s fourth-largest economy expanded for a second straight quarter, supported by strong exports, with net external demand contributing 0.3 percentage point to growth, data showed. The data will be closely watched by the Bank of Japan as it evaluates whether the economy can withstand the energy shock and consider raising interest rates as soon as next month. Immediate resistance can be seen at 159.08(38.2%fib) an upside break can trigger rise towards 159.00(Psychological level) .On the downside, immediate support is seen at 158.23(SMA 20) a break below could take the pair towards 157.78(50%fib ).
Equities Recap
European shares edged slightly higher on Tuesday as markets welcomed the pause in U.S. military action against Iran and assessed prospects for a peace deal, while persistent inflation concerns kept global bond yields elevated.
UK's benchmark FTSE 100 closed up by 0.07 percent, Germany's Dax ended up by 0.38 percent, France’s CAC finished the day down by 0.07 percent.
U.S. stocks rose on Thursday, led by tech gains as investors digested solid economic data and tracked Trump’s high-stakes meeting with Xi Jinping in Beijing.
Dow Jones closed down by 0.65 percent, S&P 500 closed down by 0.67 percent, Nasdaq settled down by 0.85 percent.
Commodities Recap
Gold prices fell more than 1% on Tuesday as a stronger U.S. dollar and persistent inflation concerns kept Treasury yields and interest rate hike expectations elevated.
Spot gold was down 1.4% at $4,503.98 per ounce by 1:45 p.m. ET (1745 GMT). Prices fell to their lowest ?level since March 30 earlier in the session.
Oil prices settled lower on Tuesday after Vice President JD Vance said the U.S. and Iran had made progress in talks, with neither side wanting to see a resumption of military action.
Brent futures for July settled down 82 ?cents, or 0.73%, at $111.28 a barrel. The U.S. West Texas Intermediate crude contract for June delivery, which expired on Tuesday, ?settled down 89 cents, or 0.82%, to $107.77. The more-active July contract settled down 23 cents at $104.15.