Posted at 27 June 2026 / Categories Market Roundups
Market Roundup
•Canada Wholesale Sales (May): -0.7%, 0.6% previous.
•Canada Wholesale Sales (May): -0.7%, 0.6% previous.
•U.S. Retail Inventories Ex Autos (May): 0.4%, 0.7% previous.
•U.S. Goods Trade Balance (May): -$105.80B, -$85.00B forecast, -$83.01B previous.
•U.S. Wholesale Inventories (May): 0.3%, 0.3% forecast, 0.7% previous.
•U.S. Michigan 1-Year Inflation Expectations (Jun): 4.6%, 4.6% forecast, 4.8% previous.
•U.S. Michigan Consumer Sentiment (Jun): 49.5, 48.9 forecast, 44.8 previous.
•U.S. Michigan 5-Year Inflation Expectations (Jun): 3.3%, 3.4% forecast, 3.4% previous.
•U.S. Michigan Consumer Expectations (Jun): 50.7, 49.3 forecast, 44.1 previous.
•U.S. Michigan Current Conditions (Jun): 47.7, 48.4 forecast, 45.8 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 higher on Friday as recent economic data and a drop in oil prices slightly cooled expectations for Federal Reserve rate hikes.Despite the recent declines, the greenback was still up for the week and on pace for its strongest monthly percentage gain since July after hitting a 13-month high earlier in the week.Thursday's data showing a key measure of U.S. inflation met economists' expectations and easing oil prices, down about 4% on Friday, have moderated rate-hike bets slightly. On the data front, the University of Michigan's Surveys of Consumers said its Consumer Sentiment Index increased to a final reading of 49.5 this month, slightly below the 50.0 estimate of economists polled by Reuters, from 44.8 in May, although concerns about inflation remain. 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 1.1357(Daily low), a break below could take the pair towards 1.1329(Lower BB).
GBP/USD: The pound edged higher on Friday as a decline in oil prices weighed on the safe-haven U.S. dollar and lifted risk-sensitive currencies. Sterling had traded above the 1.3400 level before last week's hawkish Federal Reserve decision under Chair Kevin Warsh, which boosted the dollar and pressured major currencies. Fresh reports that Warsh has appointed two veteran Federal Reserve economists as advisers reinforced expectations that the central bank will maintain a restrictive policy stance. Meanwhile, investors are awaiting a speech from incoming UK Prime Minister Andy Burnham on Monday for further clues on the government's economic and fiscal priorities. 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 firmed on Friday as as dollar rally faded as recent economic data and a drop in oil prices slightly cooled ?expectations for Federal Reserve rate hikesThe dollar surged to a 13-month high on Wednesday as traders priced in expectations that a resilient U.S. economy would keep short-term interest rates elevated.The U.S. dollar has since weakened, heading for a second straight daily loss as Thursday’s data reduced expectations of further Fed rate hikes in the year ahead. The price of oil settled 3.7% lower at $69.23 a ?barrel, adding ?to its steep weekly decline, as as oil tankers kept exiting the Strait of Hormuz, easing supply concerns.Domestic data ?was downbeat, with a preliminary report showing that wholesale trade fell 0.7% in May from Apri. Immediate resistance can be seen at 1.4257(23.6% fib), an upside break can trigger rise towards 1.4277(Higher BB).On the downside, immediate support is seen at 1.4121(38.2% fib), a break below could take the pair towards 1.4023(38.2%fib).
USD/JPY: The dollar dipped against yen on Friday as expectations for further Bank of Japan rate hikes and intervention risks support the Japanese currency. Market participants remained alert to the risk of Japanese foreign exchange intervention, although authorities have so far refrained from acting despite the yen's continued weakness. Investors believe the Ministry of Finance may see limited benefits from intervention given the persistent strength of the U.S. dollar, while others argue that any sharp move beyond 162.00 could force officials to step in to curb excessive volatility.Tokyo’s annual core inflation accelerated in June, Friday data revealed, indicating growing price pressures stemming from the Middle East conflict and keeping the central bank on course to consider more rate hikes.Tokyo’s core consumer price index (CPI), excluding volatile fresh food items, increased 1.6% in June from a year earlier, data released on Friday showed, matching the median market forecast. Immediate resistance can be seen at 161.93(June 25th high) 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 pulled back from record highs on Friday, with technology stocks mirroring broader global sector weakness. Zalando also slipped after Germany’s financial regulator opened an investigation into the retailer’s accounts.
UK's benchmark FTSE 100 closed down by 0.21percent, Germany's Dax ended up by 1.26 percent, France’s CAC finished the day down by 0.55percent.
Wall Street ended mixed on Friday, with a steep drop in AI-related chip stocks and sharp gains in Moderna and other healthcare stocks..
Dow Jones closed down by 0.09% percent, S&P 500 closed down by 0.05% percent, Nasdaq settled down by 0.24% percent.
Commodities Recap
Gold rose on Friday as the dollar weakened and expectations of U.S. interest rate hikes eased slightly following inflation data, though prices were still on track for a fourth consecutive weekly decline.
Spot gold was up 1.3% at $4,077.64 per ?ounce by 1:35 p.m. EDT (1735 GM)U.S. gold futures for August delivery settled 1.2% ?higher at $4,096.30 per ounce.
U.S. crude dropped 3.6% to $69.33 a barrel and Brent fell to $72.02 per barrel, down 4.34% on the day, and were on track for weekly declines of nearly 10% as more oil tankers exited the Strait of Hormuz.