Posted at 23 June 2026 / Categories Market Roundups
Market Roundup
• France HCOB France Services PMI (Jun): 47.4, 45.9 forecast, 44.3 previous.
• France HCOB France Manufacturing PMI (Jun): 50.7, 50.2 forecast, 49.7 previous.
• France HCOB France Composite PMI (Jun): 47.6, 46.0 forecast, 44.9 previous.
• Germany HCOB Germany Manufacturing PMI (Jun): 50.0, 50.3 forecast, 50.1 previous.
• Germany HCOB Germany Services PMI (Jun): 46.8, 49.0 forecast, 48.1 previous.
• Germany HCOB Germany Composite PMI (Jun): 48.0, 49.9 forecast, 48.8 previous.
• Eurozone HCOB Eurozone Services PMI (Jun): 48.9, 48.6 forecast, 47.7 previous.
• Eurozone HCOB Eurozone Manufacturing PMI (Jun): 51.3, 51.6 forecast, 51.6 previous.
• Eurozone HCOB Eurozone Composite PMI (Jun): 49.5, 49.1 forecast, 48.5 previous.
• UK S&P Global Services PMI (Jun): 48.7, 50.1 forecast, 49.3 previous.
• UK S&P Global Composite PMI (Jun): 49.4, 50.6 forecast, 49.7 previous
• UK S&P Global Manufacturing PMI (Jun): 53.1, 53.5 forecast, 53.9 previous.
Looking Ahead Economic Data (GMT)
• 14:45 US S&P Global Services PMI (Jun): 51.1 forecast, 50.7 previous.
• 14:45 US S&P Global Manufacturing PMI (Jun): 54.6 forecast, 55.1 previous.
• 14:45 US S&P Global Composite PMI (Jun): 51.5 previous.
• 14:45 US Richmond Services Index (Jun): 14 previous.
• 14:45 US Richmond Manufacturing Shipments (Jun): 16.
• 14:45 US Richmond Manufacturing Index (Jun): 8 forecast, 13 previous.
Looking Ahead Events And Other Releases (GMT)
• 18:30 UK BoE MPC Member Dhingra Speaks
Currency Forecast
EUR/USD : The euro edged lower on Tuesday as euro was weighed down by dovish comments from European Central Bank President Christine Lagarde.Lagarde said the eurozone’s inflation shock is significant but not yet strong enough to trigger persistent second-round effects or push longer-term inflation expectations away from the ECB’s 2% target. She noted that the economy is currently in a “middle scenario” of a moderate, manageable overshoot requiring only measured policy adjustments.The ECB recently raised interest rates on June 11 after inflation moved above 3%, and markets are now assessing whether further tightening will be needed to contain price pressures and keep inflation expectations anchored. Immediate resistance can be seen at 1.1441 (Daily high), an upside break can trigger rise towards 1.1516(38.2%fib).On the downside, immediate support is seen at 1.1375(23.6%fib), a break below could take the pair towards 1.1333(Lower BB).
GBP/USD: The pound dipped on Tuesday as investors awaited details on the replacement for Prime Minister Keir Starmer following his resignation, while a survey showed that business activity contracted this month.Starmer's decision to quit paves the way for an orderly transition of power, with Andy Burnham, the new member of parliament for Makerfield, his likely successor.Burnham's biggest potential rival, Wes Streeting, pulled out of a potential race on Monday, saying he would be backing Burnham. Sterling was last down 0.2% against the dollar at $1.3222, just above its lowest since March of $1.31635 reached on Friday. Immediate resistance can be seen at 1.3326(38.2%fib), an upside break can trigger rise towards 1.3373(SMA 20).On the downside, immediate support is seen at 1.3163(23.6%fib), a break below could take the pair towards1.3135(Lower BB).
AUD/USD: Australian dollar eased on Tuesday as downside bias continued to build as sellers regained control.The pair remains pressured by rising Fed rate hike expectations alongside growing uncertainty over Australia’s domestic growth outlook.Attention now shifts to key Australian data releases, with May CPI due Wednesday expected at -0.4% m/m and +4.3% y/y per Reuters poll consensus.Labour market data follows on Thursday, with expectations for +30K jobs added and unemployment steady at 4.4%, both key inputs for RBA policy signals.RBA Deputy Governor Andrew Hauser is scheduled to speak in Melbourne on Wednesday, with markets watching for any shift in policy tone . Immediate resistance can be seen at 0.7080(SMA 20), an upside break can trigger rise towards 0.7118(50%fib).On the downside, immediate support is seen at 0.6940(23.6%fib), a break below could take the pair towards 0.6902(Lower BB).
USD/JPY: The dollar steadied against yen on Tuesday as repeated verbal intervention efforts from Tokyo failed to stem the currency’s decline.Finance Minister Satsuki Katayama said she spoke by phone with US Treasury Secretary Scott Bessent, reaffirming an agreement to coordinate action in currency markets if needed.Investors remain on high alert for another round of official intervention after the yen erased all the gains recorded on April 30, when Tokyo conducted a record-sized currency-buying operation.The yen has remained under pressure despite the Bank of Japan’s recent interest rate hike, which markets view as insufficient to significantly reduce the country's interest-rate differential with other major economies’. Immediate resistance can be seen at 161.62(38.2%fib) an upside break can trigger rise towards 162.00(Psychological level) .On the downside, immediate support is seen at 161.21(Daily low) a break below could take the pair towards 160.13(SAM 20).
Equities Recap
Europe's benchmark STOXX 600 fell to a more than one-week low on Tuesday, as expectations for imminent interest rate hikes by the Federal Reserve and concerns around increased corporate spending on AI dented sentiment.
UK's benchmark FTSE 100 was last trading down at 0.41 percent, Germany's Dax was down by 0.99 percent, France’s CAC was down by 0.65 percent.
Commodities Recap
Oil prices were little changed on Tuesday as investors monitored crude flows through the Strait of Hormuz amid ongoing progress in U.S.–Iran peace talks.
Brent crude futures were down 26 cents, or around 0.3%, to $77.64 a barrel and U.S. West Texas Intermediate was down 17 cents, or 0.2%, to $73.69 a barrel at 1155 GMT.
Gold prices fell more than 1% on Tuesday as the U.S. dollar strengthened to a one-year high amid expectations of a tighter Federal Reserve policy stance, weighing on the non-yielding precious metal.
Spot gold fell 1.7% to $4,121.09 an ounce, as of 1144 GMT, ?having touched its lowest since June 11 at $4,090.27 earlier. Bullion has fallen over 3% since ?the Fed meeting last week.