Posted at 02 June 2026 / Categories Market Roundups
Market Roundup
• UK Mortgage Approvals (Apr): 65.94K, 62.00K forecast, 63.98K previous.
•UK M4 Money Supply (MoM) (Apr): 0.2%, 0.6% forecast, 0.8% previous.
•UK Mortgage Lending (Apr): 4.37B, 6.83B previous.
•UK BoE Consumer Credit (Apr): 1.859B, 1.700B forecast, 1.904B previous.
•UK M3 Money Supply (Apr): 3,272.0B, 3,270.6B previous.
•UK Net Lending to Individuals: 6.200B, 7.100B forecast, 8.000B previous.
•EU CPI (MoM) (May): 0.1%, 1.0% previous.
•EU Core CPI (YoY) (May): 2.5%, 2.4% forecast, 2.2% previous.
•EU CPI, n.s.a (May): 103.15, 103.04 previous.
•EU HICP ex Energy & Food (YoY) (May): 2.3%, 2.1% previous.
•EU Core CPI (MoM) (May): 0.3%, 0.9% previous.
•EU HICP ex Energy and Food (MoM) (May): 0.3%, 0.8% previous.
Looking Ahead Economic Data (GMT)
•16:00 NZ GlobalDairyTrade Price Index 0.6% previous.
•16:00 NZ Milk Auctions 4,198.0 previous.
•17:00 French Car Registration (YoY) (May) -0.3% previous.
•21:30 US API Weekly Crude Oil Stock -3.600M forecast ,-2.800M previous.
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro edged higher on Tuesday investors awaited details on the status of U.S.-Iran peace talks amid conflicting news and digested Euro zone inflation data. U.S. President Donald Trump said on Monday that negotiations with Iran were continuing, helping push oil prices lower, despite reports that Tehran had suspended indirect talks with Washington aimed at ending the conflict. Euro zone inflation accelerated further last month, driven by energy and ?services, bolstering the already strong case for a small European Central Bank interest rate hike later this month, Eurostat data showed on Tuesday.Consumer prices in the 21 nations sharing the euro accelerated to 3.2% in May from 3.0% a month earlier, well above the ECB's 2% target but in line with a Reuters poll. The increase was driven by a 10.9% rise in energy costs and an ?unexpectedly large pickup in services inflation to 3.5% from 3.0%.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 traded in tight range on Tuesday as investors focused on ?developments in the Middle East.A peace deal would support the British currency while suppressing safe-haven demand for the greenback.On Friday, Bank of England Governor Andrew Bailey said that allowing inflation to run above the central bank's 2% target is justified ?given the uncertainty about the impact of the U.S.-Israeli war on Iran. British Prime Minister Keir Starmer ?faces a possible leadership challenge later this year if ?his main ?rival, Greater Manchester Mayor Andy Burnham, wins a seat in Parliament in a June 18 election. The British ?currency was roughly unchanged against the dollar at 1.3488. Immediate resistance can be seen at 1.3505(SMA 20), an upside break can trigger rise towards 1.3526(50%fib).On the downside, immediate support is seen at 1.3488(Daily low), a break below could take the pair towards1.3382(61.8%fib).
AUD/USD: Australian traded in narrow range on Tuesday as uncertainty over the U.S.–Iran standoff kept markets in a holding pattern.Mixed signals around Iran negotiations persisted, with reports alternating between stalled and continuing peace discussions, keeping risk sentiment fragile.RBA board member Harper flagged concerns that persistent inflation could remain sticky, reinforcing a cautious policy stance.Australia’s 4.75% minimum wage increase is expected to add to domestic inflation pressures, potentially complicating the RBA’s disinflation path.The Q1 current account showed a A$27.1bn deficit, wider than the Reuters poll consensus of -A$23.2bn, highlighting ongoing external imbalances.RBA Governor Bullock and Deputy Governor Kent are scheduled to appear before a Senate Committee on Wednesday, where markets will look for any shift in tone on inflation and policy outlook. Immediate resistance can be seen at 0.7170(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 higher against yen on Tuesday but gains were limited as risk of Japanese authorities intervening in the foreign exchange limited upside.Finance Minister Satsuki Katayama said on Tuesday the authorities stood ready to respond in the currency market as needed and refrained from commenting on recent exchange-rate moves.Japan spent 11.7 trillion yen since April to support the yen in what was the largest-ever intervention ?round in a month in terms of size. The yen jumped to around 155 per dollar from 160.725, ?but later resumed its decline. Markets are now focused on a speech ?by ?Bank of Japan Governor Kazuo Ueda on Wednesday for possible clues on ?whether a rate hike could follow later this month.The BOJ kept interest rates steady in April, but strongly signalled the chance of a near-term ?hike due to mounting inflationary pressures. Immediate resistance can be seen at 159.74(Daily high) an upside break can trigger rise towards 160.00(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 rose on Tuesday as a strong forecast from chipmaker STMicroelectronics lifted technology stocks, while investors awaited a key inflation report later in the day for insights into how the Mideast conflict has affected the euro zone economy.
UK's benchmark FTSE 100 was last trading up at 0.17 percent, Germany's Dax was up by 0.38 percent, France’s CAC was up by 0.54 percent.
Commodities Recap
Gold rose on Tuesday as oil prices eased after U.S. President Donald Trump said talks with Iran were continuing, reducing immediate supply concerns and supporting demand for the safe-haven metal..
Spot gold was up 0.9% to $4,522.28 per ounce as of 0848 a.m. EDT (1248 GMT) after falling as much as ?2% on Monday. U.S. gold futures gained 1% to $4,552.00.
Oil prices fell on Tuesday, giving back part of the previous session's strong gains, as Iran reviewed a U.S. proposal aimed at ending the conflict between the two countries, raising hopes of a potential de-escalation and easing concerns over oil supply disruptions.
Brent crude futures were down $0.69, or 0.7%, to $94.29 a barrel at 1307 GMT, while U.S. West Texas Intermediate fell $0.82, or 0.9%, to $91.34 a barrel.