Posted at 30 May 2026 / Categories Market Roundups
Market Roundup
•Canadian GDP (QoQ) (Q1): 0.0%, -0.2% previous.
•Canadian GDP (YoY) (Q1): -0.05%, 0.70% previous.
•Canadian GDP Annualized (QoQ) (Q1): -0.1%, 1.5% forecast, -1.0% previous.
•Canadian GDP (MoM) (Mar): -0.1%, 0.4% forecast, 0.2% previous.
•U.S. Retail Inventories Ex Auto (Apr): 0.6%, 0.6% previous.
•U.S. Goods Trade Balance (Apr): -82.40B, -86.70B forecast, -85.30B previous.
•Canadian GDP Implicit Price (QoQ) (Q1): 1.10%, 1.00% previous.
•U.S. Wholesale Inventories (MoM) (Apr): 0.5%, 0.6% forecast, 1.5% previous.
•Canadian GDP (MoM) (Apr): 0.4%, -0.1% previous.
•U.S. Chicago PMI (May): 62.7, 50.6 forecast, 49.2 previous.
•U.S Baker Hughes Oil Rig Count 429, 425 previous
•U.S Baker Hughes Total Rig Count 562, 558 previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro recovered ground against the dollar on Friday as markets turned hopeful that an agreement to extend the regional ceasefire and resume Hormuz shipping routes could be finalised. The deal, still pending Trump's approval, would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran's nuclear program. Prices ?of crude oil, a key resource for energy-deficient Europe, slipped and were on track for their first weekly drop in two months.Elevated energy prices have begun feeding through to consumers, as a preliminary estimate from ?France showed inflation accelerated to a ?27-month high in May. ?Inflation readings from Germany are due later in the day.European Central Bank policymakers such as Isabel Schnabel have flagged the need for an interest rate hike next month, while ?investors are pricing in borrowing costs to rise by a total of 50 basis ?points by year-end. Immediate resistance can be seen at 1.1677(SMA20), an upside break can trigger rise towards 1.1737(50%fib).On the downside, immediate support is seen at 1.1586(61.8%fib), a break below could take the pair towards 1.1509(Lower BB).
GBP/USD: The British pound edged higher against the dollar on Friday as uncertainty surrounding a potential U.S.-Iran peace agreement kept investors cautious, while Bank of England Governor Andrew Bailey indicated there was no immediate need to raise interest rates.Reports suggested the U.S. and Iran were considering extending their ceasefire and easing shipping restrictions through the Strait of Hormuz, although the agreement still requires approval from U.S. President Donald Trump.Before the conflict, markets had expected the Bank of England to cut interest rates at least twice this year as inflation moved closer to target. However, since late February, fears that rising energy prices could fuel inflation again have prompted investors to scale back rate-cut expectations and instead price in potential tightening.Money markets now imply around 32 basis points of tightening this year. Immediate resistance can be seen at 1.3478(SMA 20), an upside break can trigger rise towards 1.3519(50%fib).On the downside, immediate support is seen at 1.3354(61.8%fib), a break below could take the pair towards 1.3255(Lower BB).
USD/CAD: The Canadian dollar weakened against the U.S. dollar on Friday after data showed the economy slipping into a technical recession, outweighing optimism over a potential Middle East ceasefire extension.Statistics Canada reported that GDP fell at an annualized rate of 0.1% in Q1, compared with a revised 1.0% contraction in the previous quarter, and well below forecasts for 1.5% growth. On a quarterly basis, output was flat following a decline in Q4.While Canada has largely weathered trade uncertainty and tariff pressures over the past year, their knock-on effects have weighed on investment, hiring, and spending while pushing prices higher. Immediate resistance can be seen at 1.3839(50%fib), an upside break can trigger rise towards 1.3868(May 28th high).On the downside, immediate support is seen at 1.3775(61.8%fib), a break below could take the pair towards 1.3741(May 21sth low)
USD/JPY: The U.S. dollar edged lower on Friday after reports that the U.S. and Iran agreed to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.President Donald Trump said he would make a final decision on a deal that would extend the truce by 60 days and reopen the strategic waterway while negotiations continue over complex issues including Iran’s nuclear programme.The dollar had initially gained during the conflict on safe-haven demand and expectations that the U.S. would be less exposed to energy-driven inflation. However, it has since given back those gains as uncertainty over the war’s outlook weighed on sentiment. 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 edged higher on Friday, ending the month in positive territory as investors remained hopeful that a deal to extend the Middle East ceasefire and reopen the Strait of Hormuz could be finalized.
UK's benchmark FTSE 100 closed down by 0.16 percent, Germany's Dax ended up by 0.05 percent, France’s CAC finished the day down by 0.07 percent.
Wall Street’s main indexes closed at record highs on Friday, posting weekly and monthly gains as strong Dell results lifted tech stocks and investors monitored potential U.S.–Iran deal details.
Dow Jones closed up by 0.72 percent, S&P 500 closed up by 0.22 percent, Nasdaq settled up by 0.21 percent.
Commodities Recap
Gold rose over 1% on ceasefire extension reports but remained set for a monthly loss due to inflation and higher rate expectations.
Spot gold was up 1.5% ?at $4,556.84 per ounce at 1:49 p.m. EDT (1749 GMT). Prices fell to a two-month ?low of $4,365.76 on Thursday, but closed higher.U.S. gold futures for August ?delivery settled 1.3% higher at $4,593.
Oil futures fell more than 2% on Friday, ending the week with their steepest decline since early April, as traders reacted to reports that the U.S., Israel, and Iran may have reached a ceasefire agreement.
Brent crude futures for July , which expired on Friday, settled at $92.05 a barrel, down $1.66, or 1.8%. WTI U.S. oil futures finished at $87.36 a barrel, down $1.54 or 1.7%.