Posted at 13 June 2026 / Categories Market Roundups
Market Roundup
•Canada New Motor Vehicle Sales (MoM) (Apr) 183.9K, 176.5K previous
•US Michigan 1-Year Inflation Expectations (Jun) 4.6%, 4.9% forecast, 4.8%previous
•US Michigan Consumer Expectations (Jun) 49.3, 44.3forecast, 44.1previous
•US Michigan 5-Year Inflation Expectations (Jun) 3.4%, 3.8%forecast, 3.9%previous
•US Michigan Consumer Sentiment (Jun) 48.9, 46.1forecast, 44.8 previous
•US Michigan Current Conditions (Jun) 48.4, 46.2forecast, 45.8previous
• U.S. Baker Hughes Oil Rig Count 433,431 previous
• U.S. Baker Hughes Total Rig Count 562,563 previous
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Currency Summaries
Currency Summaries
EUR/USD : The euro edged lower against on Friday as markets monitored negotiations over a deal that could end the Middle East conflict. Investors have tended to buy the safe-haven dollar when tensions in the Iran war flare, and sell it in favor ?of riskier assets such as stocks when peace talks appear to make progress.Data on ?Thursday showed U.S. producer prices increased more than expected in May, ahead of Kevin Warsh's first rate-setting meeting as chair of the Federal Reserve next week.Traders expect the Fed to keep rates steady at 3.5% to 3.75%, but see ?a greater ?than 50% chance of a hike by year-end. Pricing edged slightly ?lower on Thursday after Trump's comments on a potential deal. Brent crude prices fell to their lowest levels since early March as traders grew more confident about an imminent peace agreement between the U.S. and Iran. Immediate resistance can be seen at 1.1593(38.2%fib), an upside break can trigger rise towards 1.1612(SMA 20).On the downside, immediate support is seen at 1.1517(Lower BB), a break below could take the pair towards 1.1431(23.6%fib).
GBP/USD: The pound slipped on Friday as markets awaited confirmation of a potential Middle East ceasefire deal. President Donald Trump said the U.S. and Iran could sign a peace agreement as early as this weekend that may reopen the Strait of Hormuz, while Brent crude fell 3.4% to $87.33 a barrel. Iran’s Mehr news agency said the proposed memorandum still needs final approval.Risk sentiment remained sensitive, with investors typically favoring the safe-haven dollar during heightened Iran tensions and shifting toward risk assets when peace prospects improve.On the data front, U.S. producer prices rose more than expected in May, ahead of next week’s Federal Reserve meeting chaired for the first time by Kevin Warsh. Markets broadly expect the Fed to hold rates at 3.5%–3.75%, though odds of a rate hike by year-end are seen above 50%.Immediate resistance can be seen at 1.3424(SMA 20), an upside break can trigger rise towards 1.3493(50%fib).On the downside, immediate support is seen at 1.3355(38.2%fib), a break below could take the pair towards1.3334(Lower BB).
USD/CAD: The Canadian dollar weakened low against the greenback as oil prices fell on signs of progress toward a peace deal in the Middle East, with the currency adding to its weekly ?decline.The ?Bank of Canada on Wednesday left its benchmark interest rate unchanged at 2.25% for a fifth straight time and said it was seeing limited evidence that higher energy prices were fueling ?broad-based inflation.Investors were pricing in 24 basis points of tightening by the ?end of the year from the BoC, down from 37 basis points before Wednesday's rate decision, swap ?market data showed.The price of oil, one of Canada's major exports, was trading 3.8% lower at $84.38 a barrel. Traffic through the Strait of Hormuz, which normally carries a fifth ?of ?global oil and liquefied natural gas shipments, has ?been extremely limited as a result of the war.. Immediate resistance can be seen at 1.3950(23.6% fib), an upside break can trigger rise towards 1.3970(Higher BB).On the downside, immediate support is seen at 1.3857(38.2% fib), a break below could take the pair towards 1.3791(SMA 20).
USD/JPY: The dollar gained traction on Friday as yen weakened ahead of Bank of Japan's policy meeting next week.The Bank of Japan is expected to raise interest rates to a 31-year high next week and signal further tightening, remaining focused on inflation risks stemming from the Middle East conflict despite the governor's absence.The move would align the BOJ with other central banks tightening policy, including the European Central Bank, which delivered a widely expected rate hike on Thursday.The hike would be the first since December, marking a shift away from the BOJ’s cautious stance and the remaining legacy of its earlier radical stimulus, as it moves toward a more conventional focus on fighting inflation. Immediate resistance can be seen at 160.85(23.6%fib) an upside break can trigger rise towards 161.06(Higher BB) .On the downside, immediate support is seen at 159.68(SMA 20) a break below could take the pair towards 159.00(Psychological level).
Equities Recap
European shares rose sharply on Friday, with major indices gaining over 1%, as hopes of a Middle East diplomatic breakthrough weighed on oil prices and boosted market sentiment.
UK's benchmark FTSE 100 closed up by 1.63 percent, Germany's Dax ended up by 1.76 percent, France’s CAC finished the day up by 1.83 percent.
U.S. stocks closed higher on Friday, supported by hopes of a US–Iran peace deal and a strong debut from SpaceX, which marked the biggest public listing in Wall Street history.
Dow Jones closed up by 0.70% percent, S&P 500 closed up by 0.50 % percent, Nasdaq settled up by 0.31% percent.
Commodities Recap
Gold prices headed for a second straight weekly loss on Friday, as expectations of higher interest rates weighed on the non-yielding metal ahead of next week’s U.S. Federal Reserve meeting.
Spot gold was up 0.3% at $4,227.17 per ounce as of 2:15 p.m. ET (1815 GMT), and was down 2.3% for the week.U.S. gold ?futures rose 3% to settle at $4,238.80.
Brent crude fell to its lowest level since early March as traders priced in rising expectations of an imminent US–Iran peace agreement.
Brent futures settled at $87.33 a barrel, down $3.05, or 3.37%.U.S. West Texas Intermediate (WTI) crude finished at $84.88, down $2.83, or 3.23%. That was WTI's lowest level since April 17.