Posted at 28 May 2026 / Categories Market Roundups
Market Roundup
•EU Consumer Inflation Expectation (May): 40.5, 48.8 previous
•EU Selling Price Expectations (May): 27.4, 30.2 previous
•EU Business Climate (May): -0.26, -0.27 previous
•EU Business and Consumer Survey (May): 93.5, 92.8 forecast, 93.2 previous
•EU Industrial Sentiment (May): -8.0, -8.0 forecast, -7.7 previous
•EU Services Sentiment (May): 2.2, 0.2 forecast, 1.4 previous
•EU Consumer Confidence (May): -19.0, -19.0 forecast, -20.6 previous
• US Core PCE Price Index (MoM) (Apr)0.2%, 0.3% forecast, 0.3% previous
• US Core PCE Price Index (MoM) (Apr): 0.2%, 0.3% forecast, 0.3% previous
• US Core PCE Price Index (YoY) (Apr): 3.3%, 3.3% forecast, 3.2% previous
• US GDP (QoQ) (Q1): 1.6%, 2.0% forecast, 0.5% previous
• US Initial Jobless Claims: 215K, 211K forecast, 210K previous
• Canada Current Account (Q1): -7.2B, -3.9B forecast, -1.0B previous
• US PCE Price Index (YoY) (Apr): 3.8%, 3.8% forecast, 3.5% previous
•US PCE Price Index (MoM) (Apr): 0.4%, 0.5% forecast, 0.7% previous
•US Personal Spending (MoM) (Apr): 0.5%, 0.5% forecast, 1.0% previous
•US Core PCE Prices (Q1): 4.40%, 4.30% forecast, 2.70% previous
•US GDP Price Index (QoQ) (Q1): 3.5%, 3.6% forecast, 3.6% previous
•US Durable Goods Orders (MoM) (Apr): 7.9%, 4.0% forecast, 1.3% previous
•US Core Durable Goods Orders (MoM) (Apr): 1.1%, 0.5% forecast, 1.1% previous
•US Continuing Jobless Claims: 1,786K, 1,780K forecast, 1,771K previous
•US Building Permits (Apr): 1.423M, 1.442M forecast, 1.363M previous
• Canada Average Weekly Earnings (YoY) (Mar): 3.50%, 2.85% previous
•US Real Personal Consumption (MoM) (Apr): 0.1%, 0.3% previous
•US Personal Income (MoM) (Apr): 0.0%, 0.4% forecast, 0.5% previous
•US GDP Sales (Q1): 1.5%, 1.6% forecast, 0.3% previous
•US Real Consumer Spending (Q1): 1.4%, 1.6% forecast, 1.9% previous
•US PCE Prices (Q1): 4.5%, 4.5% forecast, 2.9% previous
•US Goods Orders Non Defense Ex Air (MoM) (Apr): -1.1%, 0.4% forecast, 3.9% previous
•US Durables Excluding Defense (MoM) (Apr): 8.1%, -0.3% previous
•US Corporate Profits (QoQ) (Q1): -0.4%, 5.7% forecast, 4.7% previous
•US Jobless Claims 4-Week Avg.: 209.00K, 211.00K forecast, 202.75K previous
•US Building Permits (MoM) (Apr): 4.4%, 5.8% forecast, -11.4% previous
Looking Ahead Economic Data (GMT)
• 16:30 US Atlanta Fed GDPNow (Q2) 4.3% forecast,4.3% previous.
• 16:30 US 4-Week Bill Auction 3.610% previous.
• 16:30 US 8-Week Bill Auction 3.600% previous.
Looking Ahead Events And Other Releases (GMT)
•16:45 ECB's Schnabel Speaks
•20:00 US FOMC Member Barkin Speaks
Currency Forecast
EUR/USD : The euro initially dipped against the dollar but recovered most of the ground as investors digested US economic data. U.S. inflation increased at its fastest ?pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists' views that the Federal Reserve could hold interest rates unchanged well into next year.The personal consumption expenditures price index jumped 3.8% in the 12 months through April, the largest rise since May 2023, the Commerce Department's Bureau of Economic Analysis said on Thursday. Separate data showed, the number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war ?with Iran. Immediate resistance can be seen at 1.1648(May 25th high), an upside break can trigger rise towards 1.1693(SMA 20).On the downside, immediate support is seen at 1.1577(23.6%fib), a break below could take the pair towards 1.1561(Lower BB).
GBP/USD: Sterling rebounded against the dollar on Thursday following a batch of mixed economic data showing weaker growth, softening consumer income, steady inflation and falling orders in a key durable goods category. Meanwhile, doubts grew over prospects of a deal to reopen the Strait of Hormuz and focus shifted to possible U.S. interest rate hikes. Iran's Revolutionary Guard targeted a U.S. airbase on Thursday according to an Iranian media report, hours after U.S. President Donald Trump rejected a report he was close to a compromise deal with Tehran. Immediate resistance can be seen at 1.3427(Daily high), an upside break can trigger rise towards 1.3489(50%fib).On the downside, immediate support is seen at 1.3353(38.2%fib), a break below could take the pair towards 1.3278(Lower BB).
AUD/USD: Australian recovered ground on Thursday as escalating tensions between the U.S. and Iran dampened hopes of an imminent peace deal, while investors digested key inflation data.Tehran targeted a U.S. airbase on Thursday after Washington launched fresh strikes. The move came hours after President Donald Trump rejected a report that he was close to a compromise deal.Data showed U.S. inflation increased at its fastest pace in three ?years in April, driven by higher energy prices amid the Iran war.Oil prices jumped nearly 3%, while U.S. Treasury yields edged higher with the continued ?closure of the Strait of Hormuz adding to inflation worries. Immediate resistance can be seen at 0.7178(38.2%fib), an upside break can trigger rise towards 0.7189(SMA 20).On the downside, immediate support is seen at 0.7104(Lower BB), a break below could take the pair towards 0.7088(50%fib).
USD/JPY: The U.S. dollar edged lower on Thursday as U.S.-Iran tensions escalated and investors weighed inflation data. U.S. inflation rose at its fastest pace in three years in April, fueled by higher energy prices amid the Iran war.Oil prices surged on Thursday after Tehran said it targeted a U.S. airbase following reported strikes by Washington on an Iranian drone operation near the Strait of Hormuz.Japan's dependence on imported energy has made its economy, bond market, and currency vulnerable to the sharply higher petroleum prices caused by the three-month conflict. Inflation erodes the value of the fixed payments from debt. Immediate resistance can be seen at 159.49(38.2%fib) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.67(50%fib) a break below could take the pair towards 158.27(April 16th low ).
Equities Recap
European shares slipped on Thursday as escalating tensions in the Middle East clouded the outlook for an imminent deal to open the Strait of Hormuz, adding to concerns about the health of the global economy.
UK's benchmark FTSE 100 was down by 1.06 percent, Germany's Dax was down by 0.75 percent, France’s CAC was down by 0.61 percent.
Commodities Recap
Gold trimmed losses on Thursday ?following the release of U.S. April inflation data, but prices were still down for a third straight session as skepticism over a U.S.–Iran deal clouded the interest rate outlook.
Spot gold was down 0.6% at $4,428.69 per ounce as of 9:16 a.m. EDT (1316 GMT), ?after falling to its lowest level since late March earlier in the ?session.
Oil prices gained on Thursday after Iran's Revolutionary Guards said they had targeted a U.S. airbase in response to a U.S. attack in the port city of Bandar Abbas.
Brent crude futures were up $1.75, or 1.86%, to $96.04 a barrel at 1314 GMT, while the ?more active August contract gained $1.81, or around 2%, to $94.06. The July contract is ?set to expire on Friday.
U.S. West Texas Intermediate futures were up $2.08, or ?2.35%, at $90.76.