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
•US 3-Month Bill Auction: 3.640%, 3.630% previous
•US 6-Month Bill Auction: 3.690%, 3.665% previous
Looking Ahead Economic Data (GMT)
•01:30 Australia Westpac Consumer Sentiment (Jun): 3.5% previous
•02:30 Australia NAB Business Confidence (May): -24 previous
•02:30 Australia NAB Business Survey (May): 3 previous
•04:00 China Trade Balance (USD) (May): 88.70B forecast, 84.80B previous
•04:00 China Imports (YoY) (May): 25.0% forecast, 25.3% previous
•04:00 China Exports (YoY) (May): 15.0% forecast, 14.1% previous
•04:00 China Exports (May): 9.80M previous
•04:00 China Imports (May): 20.60M previous
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.Meanwhile, the European Central Bank is widely expected to raise rates this week, with another increase likely in September, as it seeks to balance energy-driven inflation against a weakening economy. 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 hovered near three week low as geopolitical volatility, divergent central bank trajectories, and persistent inflation concerns weighed on sentiment.Iran and Israel said they halted attacks following a Trump appeal to “stop shooting,” though Iran warned it could resume strikes if Israel targets Hezbollah in Lebanon.On the domestic side, expectations for BoE rates have softened, with MPC members remaining cautious on further hikes. The recent MPC decision to hold rates was passed by an 8–1 vote, with one member backing a 25 bps hike to tackle persistent UK inflation, signalling that price pressures remain a live concern.BoE Governor Andrew Bailey noted in April that rising oil prices have exacerbated inflation expectations, flagging the need to watch for second-round effects before hiking rates.A further escalation in Middle East tensions could push oil prices higher, worsening already elevated UK inflation and potentially forcing the BoE toward a faster and steeper rate path. 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).
USD/CAD: The ?Canadian dollar weakened on Monday as loonie weakened ahead of Bank of Canada policy decision this week .Investors will closely ?watch the Bank of Canada’s interest rate decision due on Wednesday for cues on the policy outlook.The Bank of Canada will likely to hold its key overnight rate at 2.25% on Wednesday and for the rest of the year.Attention is also turning to the approaching July 1 USMCA deadline, with uncertainty surrounding trade negotiations posing a potential headwind for the Canadian dollar.The price of oil one of Canada's major exports, pared its earlier gains to settle 0.8% higher at $91.30 a barrel after Iran and Israel said they had halted attacks on each other. The loonie was trading 0.1% lower at 1.3950 per U.S. dollar after touching its weakest intraday level since March 31 at 1.3961.Immediate resistance can be seen at 1.3977(23.6% fib), an upside break can trigger rise towards 1.4000(Higher BB).On the downside, immediate support is seen at 1.3866(38.2% fib), a break below could take the pair towards 1.3815(SMA 20).
USD/JPY: The dollar edged lower slightly on Monday as escalating tensions in the Middle East kept investors cautious. The dollar has drawn on its safe-haven credentials in the past couple of weeks, as well as the prospect of widening gap between U.S. rates and those elsewhere. This has hit the Japanese yen particularly hard.The yen has erased the gains made in the wake of Tokyo's 11.7 trillion yen ($73.0 billion) intervention just over a month ago, when it slid to its lowest since July 2024 at 160.725. 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 shares closed slightly lower but off session lows as oil eased on Iran–Israel truce signals, while Monte dei Paschi jumped after an Intesa Sanpaolo takeover bid..
UK's benchmark FTSE 100 closed up by 0.05 percent, Germany's Dax ended down by 0.58 percent, France’s CAC finished the day up by 0.23percent.
U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors bought the dip following Friday’s sharp selloff.
Dow Jones closed down by 0.16% percent, S&P 500 closed upby 0.30 % percent, Nasdaq settled up by 0.86% percent.
Commodities Recap
Gold steadied on Monday as prospects for a potential Israel-Iran ceasefire helped the metal rebound from session lows.
Spot gold ?was steady at $4,334.22 per ounce by 1:42 p.m. ET (1742 GMT), after hitting its ?lowest level since March 23 earlier in the session.
Oil prices settled about $1 higher after briefly jumping over 5% as Iran and Israel halted attacks following a Trump appeal to stop hostilities.
Brent crude futures closed $1.16, or 1.3%, higher at $94.25 a barrel, while U.S. West Texas Intermediate crude futures were up 76 cents, or 0.8%, at $91.30.