Posted at 11 June 2026 / Categories Market Roundups
Market Roundup
•US CPI (MoM) (May) 0.5%, 0.5% forecast, 0.6% previous
•US CPI (MoM) (May) 0.5%, 0.5% forecast, 0.6% previous
•US Core CPI (MoM) (May) 0.2%, 0.3% forecast, 0.4% previous
•US CPI (YoY) (May) 4.2%, 4.2% forecast, 3.8% previous
•US Core CPI (YoY) (May) 2.9%, 2.9% forecast, 2.8% previous
•US CPI Index, n.s.a. (May) 335.12, 335.11 forecast, 333.02 previous
•US Core CPI Index (May) 336.12, -, 335.42 previous
•US CPI, n.s.a (MoM) (May) 0.63%, -, 0.85% previous
•US CPI Index, s.a. (May) 333.98, -, 332.41 previous
•US Real Earnings (MoM) (May) -0.2%, -, -0.2% previous
•Canada BoC Interest Rate Decision 2.25%, 2.25% forecast, 2.25% previous
•Japan BSI Large Manufacturing Conditions (Q2)-1.8,4.2 forecast,3.8 previous
•Japan Foreign Bonds Buying 197.5B,-184.4B previous
•Japan Foreign Investments in Japanese Stocks -701.0B,-491.5Bprevious
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 some ground against dollar on Wednesday after data showed U.S. consumer inflation rose to its highest level in three years in May, though the reading was in line with economists' expectations, marginally reducing the chances of the Federal Reserve hiking rates this year.U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.The Consumer Price Index increased 4.2% in the 12 months through May, the largest gain since April 2023, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the CPI increasing 4.2% year-on-year.. 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 was broadly steady against the dollar on Wednesday as investors monitored renewed tensions between the U.S. and Iran, which have cast fresh doubt over efforts to end the conflict.Iran's Revolutionary Guards said they launched missile and drone attacks on U.S. bases in Jordan, Kuwait and Bahrain in retaliation for American strikes on Iranian targets near the Strait of Hormuz. The latest exchange, triggered after President Donald Trump said Iran had downed a U.S. Apache helicopter, marks one of the biggest escalations since Washington and Tehran agreed to a ceasefire in April.Despite the flare-up, currency markets largely shrugged off the developments, with investors remaining hopeful for a diplomatic resolution and the safe-haven dollar trading little changed .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 firmed against the U.S. dollar after after Bank of Canada interest rate decision.The Bank of Canada left its key interest rate unchanged on Wednesday, saying higher energy prices were not broadly fueling inflation. Governor Tiff Macklem reiterated that the bank would not hesitate to raise rates if needed to keep inflation under control.Wednesday’s decision marked the fifth straight meeting with the BoC holding its key rate at 2.25%, amid a mixed economic outlook.Investors were pricing in 32 basis points of rate hikes by December, down from 37 basis points before the policy decision, swap market data showed. Oil prices extended gains after U.S. President Donald Trump threatened that the United States would attack Iran "very hard" if no peace deal is finalized .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 slightly on Wednesday as economic risks due to Mideast tensions undermine the yen.So far, there has been no evidence of Japanese FX intervention, with market participants noting that it remains difficult for the Ministry of Finance to act against a broadly strong USD environment.At the same time, speculation is increasing that the Bank of Japan may need to tighten policy more than currently expected, with some pricing in a possible 25 bps hike as early as next week.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. 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
Europe’s STOXX 600 ended a choppy session little changed on Wednesday as investors weighed renewed U.S.-Iran tensions and looked ahead to the European Central Bank’s upcoming policy decision.
UK's benchmark FTSE 100 closed up by o.27percent, Germany's Dax ended down by 0.97 percent, France’s CAC finished the day down by 0.51 percent.
Wall Street’s major indexes fell more than 1% on Wednesday, dragged by continued declines in chip stocks and renewed U.S.-Iran tensions that heightened market uncertainty.
Dow Jones closed up by 1.87% percent, S&P 500 closed down by 1.62 % percent, Nasdaq settled down by 1.98% percent.
Commodities Recap
Gold prices fell more than 3% on Wednesday as fears of a wider U.S.-backed war with Iran stoked concerns about interest rate hikes to curb rising inflation, with investors focusing on key U.S. data for clues on the monetary policy path.
Spot gold ?was down 3.5% at $4,111.95 per ounce by 2:26 p.m. EDT (1826 GMT), its lowest ?level since March 23.
U.S. crude rose 1.63% to $89.64 a barrel and Brent rose to $92.65 per barrel, up 1.31% on the day.