Posted at 25 June 2026 / Categories Market Roundups
Market Roundup
• Spanish GDP (QoQ) (Q1): 0.6%, 0.6% forecast, 0.8% previous
•Spanish GDP (YoY) (Q1): 2.7%, 2.7% forecast, 2.7% previous
•Spanish PPI (YoY) (May): 10.5%, 8.3% previous
•Italian Industrial Sales (YoY) (Apr): 3.20%, 4.20% previous
•Italian Industrial Sales (MoM) (Apr): 0.30%, 1.80% previous
•US Core PCE Price Index (YoY) (May): 3.4%, 3.4% forecast, 3.3% previous
•US Core PCE Price Index (MoM) (May): 0.3%, 0.3% forecast, 0.3% previous
•US GDP (QoQ) (Q1): 2.1%, 1.6% forecast, 0.5% previous
•US Initial Jobless Claims: 215K, 225K forecast, 227K previous
•US PCE Price Index (YoY) (May): 4.1%, 4.1% forecast, 3.8% previous
•US PCE Price Index (MoM) (May): 0.4%, 0.5% forecast, 0.4% previous
•US Personal Spending (MoM) (May): 0.7%, 0.6% forecast, 0.4% previous
•US Core PCE Prices (Q1): 4.40%, 4.40% forecast, 2.70% previous
•US GDP Price Index (QoQ) (Q1): 3.6%, 3.5% forecast, 3.7% previous
•US Durable Goods Orders (MoM) (May): -4.5%, -5.0% forecast, 8.5% previous
•US Core Durable Goods Orders (MoM) (May): 1.3%, 0.5% forecast, 1.4% previous
•US Continuing Jobless Claims: 1,821K, 1,800K forecast, 1,800K previous
•US Real Personal Consumption (MoM) (May): 0.3%, 0.0% previous
•US Personal Income (MoM) (May): 0.7%, 0.4% forecast, 0.0% previous
•US Real Consumer Spending (Q1): 0.5%, 1.4% forecast, 1.9% previous
•US PCE Prices (Q1): 4.6%, 4.5% forecast, 2.9% previous
•US GDP Sales (Q1): 1.9%, 1.5% forecast, 0.3% previous
Looking Ahead Economic Data (GMT)
•16:30 US 4-Week Bill Auction: 3.580% previous
•16:30 US 8-Week Bill Auction: 3.640% previous
•18:00 US 7-Year Note Auction: 4.290% previous
•Looking Ahead Events And Other Releases (GMT)
• 11:00 ECB's Lane Speaks
Currency Forecast
EUR/USD : The euro edged higher against dollar on Thursday as dollar eased after a U.S. inflation reading came largely in line with expectations, easing some concerns about imminent Federal Reserve rate hikes. The U.S. personal consumption ?expenditures price index surged 4.1% in the 12 months through May, the largest increase and first reading above 4.0% since April 2023. Economists polled by Reuters had forecast PCE inflation advancing 4.1%.Markets see an 80% chance of a rate hike in December, compared with an 85% chance before ?the release of the PCE data and 61% chance before the Fed's policy statement last week, the CME FedWatch data showed. Immediate resistance can be seen at 1.1487(Daily high), an upside break can trigger rise towards 1.1577(38.2%fib).On the downside, immediate support is seen at 1.1351(Daily low), a break below could take the pair towards 1.1329(Lower BB).
GBP/USD: The pound was set for its worst monthly performance against the dollar since last July on Thursday, in a week that marked the tenth ?anniversary of the Brexit vote and brought the resignation of Labour Prime Minister Keir Starmer.Starmer's plummeting popularity prompted him to resign on Monday, meaning the country ?will get its seventh prime minister in the 10 years since Britain voted to leave the European Union, the ?anniversary of which fell on June 23.Former Greater Manchester mayor Andy Burnham, who took up a seat in parliament this week after winning a local election, is the frontrunner to take over from Starmer. The assumption is he will not retain current finance minister Rachel Reeves. 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 against dollar on Thursday despite Australian employment data coming in stronger than expected. Australian data showed employment bounced back by 40,300 in May, though that was balanced by a sharp downward revision for April to a 40,600 drop. The unemployment rate eased back a tick to 4.4% as expected, but hours worked fell sharply.Household spending rebounded by 1.3% in May, offsetting a 1.1% drop in April and suggesting consumers were holding up in the face of high petrol prices and rising interest rates.The Reserve Bank of Australia has raised rates three times this year in an attempt to cool demand and restrain inflation, a task made easier by the rapid retreat in oil prices. 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 edged lower against yen on Thursday as U.S. dollar erased gains ?after U.S. inflation reading came largely in line with expectations. U.S. inflation increased further in May, breaking above 4.0% ?for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year.The personal consumption expenditures price index surged 4.1% in the 12 months through May, the largest increase and first reading above 4.0% since April 2023, the Commerce Department's Bureau of Economic Analysis said on Thursday. PCE inflation rose by an unrevised 3.8% in ?April. The U.S.-led war against Iran has pushed up oil prices, driving ?gasoline prices higher. Though oil and gasoline prices have retreated in recent weeks amid a fragile ceasefire, economists expected inflation ?to remain elevated for a while. Immediate resistance can be seen at 161.93(23.6%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
European ?shares rose on Thursday, led by gains in technology stocks, as strong forecasts from Micron and Qualcomm assuaged concerns about ballooning valuations in the sector, while easing oil prices provided further support.
UK's benchmark FTSE 100 was last trading up at 0.84 percent, Germany's Dax was up by 1.43 percent, France’s CAC was up by 0.71 percent.
Commodities Recap
Oil prices were on Thursday at levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns.
Prompt-month Brent crude futures for August delivery were down 25 cents, or 0.34%, to $73.49 a barrel by 1327 GMT, and U.S. West Texas Intermediate lost 24 cents, or ?0.34%, to $70.10 a barrel.
Gold ?prices reversed course and edged higher on Thursday after a U.S. inflation reading came largely in line with expectations, easing some concerns about imminent Federal Reserve rate hikes and pushing the dollar and Treasury yields lower.
Spot gold was up 0.7% at $4,029.09 an ounce as of 9:15 a.m. EDT (1315 GMT) after ?falling as much as 1% earlier in the session.