Posted at 08 June 2026 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction: 2.667%, 2.588% previous.
• French 3-Month BTF Auction: 2.363%, 2.289% previous.
• French 6-Month BTF Auction: 2.507%, 2.440% previous.
• US CB Employment Trends Index (May): 107.01, 107.88 previous.
• US Consumer Inflation Expectations (May): 3.5%, 3.6% previous.
•German Factory Orders (MoM) (Apr): -3.8%, -2.2% forecast, 4.5% previous.
•EU Sentix Investor Confidence (Jun): -13.4, -13.8 forecast, -16.4 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 initially dipped but recovered some ground in a choppy session, as traders reacted to developments in the Middle East.Iran and Israel said on Monday they had halted attacks on each other, following an appeal from U.S. President Donald Trump, though Tehran said it would resume strikes if Israel continued to hit Hezbollah in Lebanon.Investors remain cautious about the possibility of a swift reopening of the Strait of Hormuz, which would ease energy supply constraints, lowering inflation pressures while reducing expectations of further monetary tightening and pulling bond yields lower.Investors are bracing for a European Central Bank policy meeting later this week, where a 25-bp rate increase is widely anticipated. Immediate resistance can be seen at 1.1633(SMA20), an upside break can trigger rise towards 1.1673(50%fib).On the downside, immediate support is seen at 1.1505(61.8%fib), a break below could take the pair towards 1.1481(Lower BB).
GBP/USD: The pound neared its lowest level in ?nearly two months on Monday, largely because of the strength of the dollar, which benefitted from mounting expectations for U.S. rates to rise this year and from a degree of safe-haven demand, as violence spread across the Middle East.Oil prices jumped as much as 5% after Israel said it hit an Iranian petrochemical plant, along with strikes elsewhere on military targets, despite U.S. President Donald Trump warning Israeli Prime Minister ?Benjamin Netanyahu to refrain from additional attacks. This kept capital flowing into the dollar, which was already around its highest ?point in two months against a basket of major currencies after a better-than-expected jobs report on Friday . Sterling ?was steady at $1.334, just above the May 18 trough at $1.3304, the lowest point since April 8. Immediate resistance can be seen at 1.3463(SMA 20), an upside break can trigger rise towards 1.3526(50%fib).On the downside, immediate support is seen at 1.3317(50%fib), a break below could take the pair towards1.3265(Lower BB).
AUD/USD: Australian dollar traded in narrow range on Monday as escalating tensions in the Middle East kept investors cautious .Israel said it struck military targets in western and central Iran on Monday, despite reports that U.S. President Donald Trump had urged Prime Minister Benjamin Netanyahu to avoid further attacks.Iran fired missiles at Israeli targets in retaliation, escalating tensions and putting U.S.–Iran peace talks at risk. However, President Trump said the agreement to end the wider conflict remains achievable, insisting the strikes will not derail negotiations.Oil prices jumped over 3% in early Monday trading as renewed hostilities pushed Brent crude back above $96 a barrel.Trading volumes may remain lighter than usual, with financial markets in Sydney and Melbourne closed on Monday.. 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 0.7027(50%fib), a break below could take the pair towards 0.7000(50%fib).
USD/JPY: The dollar edged higher slightly on Monday as escalating tensions in the Middle East kept investors cautious. Geopolitical tensions in the Middle East escalated as Iran fired missiles at Israel in response to Israeli strikes on Beirut, with Israel also launching retaliatory strike. Japan’s economy lost momentum in the January-March ?quarter from the previous three months on sluggish capital expenditure, revised gross domestic product data showed on Monday, pointing to challenges ahead due to the Middle East conflict. The GDP figures released by the Cabinet Office showed the economy expanded an annualised 1.8% in the first quarter, worse than the initially estimated ?2.1% but better than economists' median forecast for 1.3% growth. On the monetary policy front, the Bank of Japan is widely expected to raise interest rates later this month as policymakers contend with persistent inflationary pressures driven by higher energy costs. Immediate resistance can be seen at 160.00(Psychological level) 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 stocks slipped lower as Middle East tensions lifted oil prices, raising fears of an energy shock that could complicate the ECB’s policy outlook ahead of its rate decision this week.
UK's benchmark FTSE 100 was last trading down at 0.02percent, Germany's Dax was down by 0.58 percent, France’s CAC was down by 0.23 percent.
Commodities Recap
Oil prices pared earlier gains on Monday after Iran said its latest wave of attacks on Israel had ended, easing some supply disruption fears following an earlier 5% surge.
Brent crude futures were up $1.43, or 1.5% at $94.52 a barrel as of 1304 GMT, while U.S. West Texas Intermediate crude futures were up $1.03, ?or 1.1%, at $91.57.
Gold prices extended losses ?on Monday to their lowest point in more than two months, on fears of a U.S. rate hike following a strong jobs report, while renewed hostilities in the Middle East pushed oil prices higher and fanned inflation concerns.
Spot gold was down 0.3% at $4,315.71 per ounce by 0725 ?GMT, falling to its lowest since March 23 earlier in the session. Prices ?fell about 3% on Friday, hitting an over two-month low.