Posted at 10 June 2026 / Categories Market Roundups
Market Roundup
• US ADP Employment Change Weekly: 29.00K, 35.75K previous.
• Canadian Trade Balance (Apr): 2.72B, 2.50B forecast, 1.75B previous.
• US Trade Balance (Apr): -55.90B, -56.20B forecast, -56.60B previous.
• US Exports (Apr): 327.10B, 320.90B previous.
• US Imports (Apr): 383.00B, 381.20B previous.
• Canadian Imports (Apr): 72.44B, 72.23B previous.
• Canadian Exports (Apr): 75.16B, 73.98B previous.
• US Redbook (YoY): 9.1%, 9.0% previous.
• US Existing Home Sales (May): 4.17M, 4.07M forecast, 4.04M previous.
• US Existing Home Sales (MoM) (May): 3.2%, 0.7% previous.
• US Wholesale Trade Sales (MoM) (Apr): 2.0%, 3.0% previous.
• US Wholesale Inventories (MoM) (Apr): 0.6%, 0.5% forecast, 1.3% previous.
Looking Ahead Economic Data (GMT)
• 00:01 UK RICS House Price Balance (May) -32% forecast,-34% previous.
• 00:50 Japan BSI Large Manufacturing Conditions (Q2) 4.2 forecast, 3.8 previous.
• 00:50 Japan Foreign Bonds Buying -184.8B previous.
• 00:50 Japan Foreign Investments in Japanese Stocks -491.2B previous.
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro edged higher but gains were limited as Middle East uncertainty kept investors cautious. Investors also kept an eye on developments in the Middle East after Iran and Israel halted attacks on each other, though caution prevailed as diplomatic talks so far have failed to deliver ?a lasting peace and the Strait of Hormuz, a vital artery for global oil supplies, remains shut. Inflation ?concerns have had markets price in a 25-basis-point interest rate hike by the European Central Bank at the meeting on Thursday, but ?the focus will be on the monetary policy path ahead. German industrial production rose less than expected in April and economists said the outlook for Europe's largest economy remains weak, despite an unexpected increase in exports. Industrial production rose by 0.4% in April compared with the previous month, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a ?0.5% rise. 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: Sterling rebounded against the dollar ? on Tuesday as risk appetite improved and the U.S. currency eased on hopes for a Middle East peace deal.Global markets were ?also eyeing signs of de-escalation in the Middle East after Iran and Israel said ?they had halted attacks on each other following an appeal from U.S. President Donald Trump, who also said that he could have "an idea" for an Iran deal within a few days.Inflation ?concerns, stemming from higher energy costs due to the conflict, have had ?investors price in a 25 basis point interest rate hike by the Bank of England in September. Investors will closely watch GDP data on Friday for clues on the economic outlook. Immediate resistance can be seen at 1.3429(SMA 20), an upside break can trigger rise towards 1.3526(50%fib).On the downside, immediate support is seen at 1.3307(Lower BB), a break below could take the pair towards1.3239(61.8%fib).
USD/CAD: The Canadian dollar steadied near its lowest level this year against the U.S. dollar after data showed that Canada's trade surplus widened in April and ahead of a Bank of Canada interest rate decision.Canada's goods trade surplus rose to a 15-month ?high of C$2.72 billion ($1.95 billion) in April, in part because the Iran war has ?pushed up the price of crude. Total exports increased 1.6% to reach a record high of C$75.16 billion.The price of oil, opens new tab settled 3.4% lower at $88.20 a barrel after Iran ?and ?Israel said they had halted attacks on each ?other.Investors expect the Bank of Canada to leave its benchmark interest rate on hold at 2.25% for a ?fifth straight policy decision on Wednesday, as the central bank ?takes ?stock of slower economic growth and the threat to the inflation outlook of higher energy prices. Immediate resistance can be seen at 1.3959(23.6% fib), an upside break can trigger rise towards 1.3985(Higher BB).On the downside, immediate support is seen at 1.3918(Daily low), a break below could take the pair towards 1.3874 (38.2%fib).
USD/JPY: The dollar edged higher on Tuesday but fears of imminent currency intervention by Japanese authorities capped the upside for the pair.Japanese Finance Minister Satsuki Katayama said there was no change in Tokyo's stance and reiterated its readiness to take decisive action against excessive currency volatility. The yen was trading at 160.14 per dollar on Tuesday, a level that has prompted Tokyo to intervene in foreign markets. The yen first broke above 160 on April 30 and since then, Japan has spent 11.7 trillion yen ($73 billion) - a record monthly amount - to defend the currency.The BOJ is widely expected to raise its main rate by 25 basis points to 1% at its June 15-16 meeting and a second hike sometime this year has also been well priced in.Swap markets on Tuesday were pricing in a 93% chance of a BOJ rate hike this month, up from expectations in May of around an 80% chance, according to data from Tokyo Tanshi, a money market broke. Immediate resistance can be seen at 160.46(23.6%fib) an upside break can trigger rise towards 160.58(Higher BB) .On the downside, immediate support is seen at 159.23(June 8th low) a break below could take the pair towards 159.49(SMA 20).
Equities Recap
European shares reversed early gains on Tuesday to close lower for a third straight session, dragged down by commodity stocks as investors assessed a fragile Iran-Israel ceasefire.
UK's benchmark FTSE 100 closed down by 1.41 percent, Germany's Dax ended down by 0.74 percent, France’s CAC finished the day up by 0.05 percent.
The ?S&P 500 and Nasdaq indexes fell on Tuesday as a rebound in technology shares faded and as President Donald Trump said the U.S. must react to Iran's shooting down of a U.S. helicopter.
Dow Jones closed up by 0.17% percent, S&P 500 closed down by 0.26 % percent, Nasdaq settled down by 0.97% percent.
Commodities Recap
Gold dropped more than 1% to a over two-month low on Tuesday, tracking a broader market sell-off and rising expectations of a U.S. interest rate hike this year, while investors shifted focus to key inflation data due later in the week.
Spot gold fell 1.5% to $4,264.70 per ounce as of 1:45 ?p.m. ET (1745 GMT), after falling more than 2% earlier in the session. Bullion fell to ?its lowest level since March 23.
Oil prices dropped about 3% to a seven-week low on Tuesday after Iran and Israel said they had halted attacks following an appeal from U.S. President Donald Trump.
Brent futures fell $2.80, or 3.0%, to settle at $91.45 a barrel. U.S. West Texas Intermediate (WTI) crude slid $3.10, or 3.4%, to settle at $88.20.