Posted at 26 June 2026 / Categories Market Roundups
Market Roundup
•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)
No Data Ahead
•Looking Ahead Events And Other Releases (GMT)
• NO Events Ahead
Currency Forecast
EUR/USD : The euro edged lower against dollar on Thursday as investors digested a U.S. inflation reading that largely met expectations.. 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).
USD/CAD: The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose and dollar eased after U.S. economic data slightly dented expectations for rate hikes from the Federal Reserve this year. U.S. inflation ticked higher in May, with the Personal Consumption Expenditures index breaking above the 4% mark for the first time in three years as energy prices surged on the Iran war.. Crude oil, a major Canadian export, gained 0.5% to $70.68 a barrel, but remains below its recent peaks during the U.S. war with Iran, easing fears around global inflation pressures.Canada’s data showed payroll employment increased by 22,000 jobs in April, while average weekly earnings accelerated to 3.8% year-on-year from 3.5% in Marchh. The loonie ?was trading 0.2% higher at 1.4202 per U.S. dollar .Immediate resistance can be seen at 1.4249(23.6% fib), an upside break can trigger rise towards 1.4288(Higher BB).On the downside, immediate support is seen at 1.4132(38.2% fib), a break below could take the pair towards 1.4038(50% fib)
USD/JPY: The dollar edged higher against yen on Thursday as markets reacted to a U.S. inflation report that was broadly 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 closed at a record high on Thursday, led by healthcare stocks, while an AI-driven rally supported early gains following strong outlooks from Micron and Qualcomm.
UK's benchmark FTSE 100 closed up by 0.65percent, Germany's Dax ended up by 1.03 percent, France’s CAC finished the day up by 0.55 percent.
The Nasdaq ended lower on Thursday, weighed down by Big Tech weakness, while the S&P 500 finished flat and the Dow posted gains as investors assessed fresh economic data...
Dow Jones closed up by 0.14 % percent, S&P 500 closed down by 0.0- % percent, Nasdaq settled down by 0.46% percent.
Commodities Recap
Oil prices rose more than 2% on Thursday after a cargo vessel was struck by an unknown projectile near Oman, raising concerns over supply disruptions in the Strait of Hormuz and global oil flows.
Brent futures rose $1.52, or 2.1%, to ?settle at $75.26 a barrel, while U.S. West Texas Intermediate crude rose $1.58, or 2.3%, to settle at $71.92.
Gold prices rose on Thursday after a U.S. inflation reading came in line with expectations, easing concerns over near-term Federal Reserve rate hikes and weighing on the dollar and Treasury yields.
Spot gold was up 0.8% at $4,032.74 an ounce as of 1:30 p.m. EDT (1730 GMT) after ?falling as much as 1% earlier in the session.