Posted at 29 June 2026 / Categories Market Roundups
Market Roundup
•Japan Large Scale Retail Sales YoY (May): 5.0%, 2.0% previous.
•Japan Retail Sales YoY (May): 5.3%, 3.1% forecast, 2.8% previous.
•Japan Large Retailers' Sales MoM (May): 1.9%, 2.1% previous.
Looking Ahead Economic Data (GMT)
•09:00 Eurozone Loans to Non-Financial Corporations YoY (May): 3.4% previous.
•09:00 Eurozone M3 Money Supply YoY (May): 2.7% forecast, 2.7% previous.
•09:00 Eurozone M3 Money Supply (May): 17,433.9B previous.
•09:00 Eurozone Private Sector Loans YoY (May): 2.9% forecast, 3.0% previous.
•09:00 UK Mortgage Approvals (May): 63.00K forecast, 65.94K previous.
•09:00 UK BoE Consumer Credit (May): 1.859B previous.
• 09:30 UK Mortgage Lending (May): 4.37B previous.
• 09:30 UK M4 Money Supply MoM (May): 0.2% forecast, 0.2% previous.
• 09:30 UK M3 Money Supply (May): 3,272.0B previous.
• 09:30 UK Net Lending to Individuals (May): 6.000B, 6.200B forecast.
•09:00 Eurozone Selling Price Expectations (Jun): 27.4 previous.
•09:00 Eurozone Consumer Inflation Expectation (Jun): 40.5 previous.
•10:00 Eurozone Business and Consumer Survey (Jun): 94.3 forecast, 93.5 previous.
•10:00 Eurozone Services Sentiment (Jun): 2.5 forecast, 2.2 previous.
•10:00 Eurozone Consumer Confidence (Jun): -17.7 forecast, -17.7 previous.
•10:00 Eurozone Business Climate (Jun): -0.26. previous.
•Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Monday as investors continued to assess developments surrounding efforts to end the U.S.-Iran conflict. Although the two countries exchanged fresh threats over the weekend, they later agreed to halt retaliatory attacks and meet in Qatar on Tuesday, leaving markets cautious over the durability of the fragile ceasefire.Meanwhile, oil prices rose after renewed strikes disrupted energy shipments through the Strait of Hormuz, boosting safe-haven demand for the U.S. dollar and limiting gains in the single currency.Investors are also closely watching the European Central Bank's annual forum this week for fresh signals on the monetary policy outlook amid lower oil prices and heightened stock market volatility. ECB President Christine Lagarde is set to open the forum on Monday, while attention will shift to Wednesday's policy panel featuring Federal Reserve Chair Kevin Warsh, with markets seeking further clarity on the new Fed chief's policy stance. Immediate resistance can be seen at 1.1450(38.2%fib), an upside break can trigger rise towards 1.1510(SMA20).On the downside, immediate support is seen at 1.1343(38.2%fib), a break below could take the pair towards 1.1283(Lower BB).
GBP/USD: The pound edged higher on Monday as investors awaited the outcome of Tuesday's U.S.-Iran meeting in Oman, with the talks expected to address tensions around the Strait of Hormuz, one of the world's most important energy transit routes. Iran and the United States ?agreed to halt recent hostilities in the Gulf and renew talks regarding their dispute over the Strait of Hormuz, a U.S. official said on Sunday, raising hopes of saving an interim peace deal that was under pressure from days of tit-for-tat strikes.A return to diplomacy would follow several days of strikes and counterstrikes since ?an Iranian projectile hit a cargo vessel in the Strait of Hormuz on Thursday, with both the U.S. and Iran accusing the ?other of breaking an interim ceasefire that was agreed to on June 17.Iran launched missiles and drones at U.S. military sites in Kuwait and Bahrain early on Sunday, shortly ?after President Donald Trump threatened that the Islamic Republic would cease to exist if it did not honor the agreement to end the war. Immediate resistance can be seen at 1.3276(38.2%fib), an upside break can trigger rise towards 1.3316(SMA 20).On the downside, immediate support is seen at 1.3151(23.6%fib), a break below could take the pair towards1.3122(Lower BB).
AUD/USD: The Australian dollar traded in a narrow range on Monday as investors remained cautious amid renewed geopolitical tensions in the Middle East. The United States and Iran exchanged strikes over the weekend and threatened further escalation, keeping risk sentiment fragile. Although reports from Axios indicated that both countries had agreed to suspend attacks and hold talks in Qatar on Tuesday, investors remained wary over the durability of the ceasefire.Focus is also shifting to domestic monetary policy. Reserve Bank of Australia Assistant Governor Christopher Kent is due to speak in Sydney on Monday, while the minutes of the RBA's July policy meeting will be released on Tuesday. Markets will closely scrutinize both events for fresh clues on the central bank's interest rate outlook following a recent run of mixed economic data.. Immediate resistance can be seen at 0.6934(38.2%fib), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6868(Lower BB), a break below could take the pair towards 0.6813(Lower BB).
USD/JPY: The U.S. dollar held firm on Monday as renewed tensions in the Middle East continued to underpin demand for safe-haven dollar. Although the United States and Iran exchanged fresh accusations over the weekend, both sides later agreed to pause retaliatory attacks and hold talks in Qatar on Tuesday, leaving investors cautious about the durability of the ceasefire.Oil prices rose after renewed strikes disrupted energy shipments through the Strait of Hormuz, reinforcing risk aversion and providing additional support to the greenback.Market attention is now shifting to this week's U.S. nonfarm payrolls and unemployment reports, which are expected to offer fresh insight into labour market conditions and shape expectations for the Federal Reserve's next policy decision. 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
Asian equities edged higher on Monday as investors assessed uncertaint over the Middle East ceasefire..
Japan’s Nikkei 225 was up by 0.23% , Hang Seng was up at 1.76%, China A50 was up at 0.62 %
Commodities Recap
Gold prices slipped on Monday as renewed U.S.-Iran strikes in the Gulf lifted oil prices, while expectations of further Federal Reserve interest rate hikes continued to pressure the non-yielding metal..
Spot gold was down 0.6% at $4,062.89 per ounce, as of 0423 GMT. ?U.S. gold futures for August delivery lost 0.5% to $4,077.50. The metal was headed for ?a fourth consecutive monthly loss of 10.4%.
Oil prices climbed on Monday after days of reciprocal strikes between the United States and Iran highlighted the fragility of their interim peace agreement and once again disrupted energy shipments through the Strait of Hormuz.
Brent crude futures climbed 45 cents, or 0.6%, to $72.44 a barrel at 0627 GMT while U.S. West Texas Intermediate crude was at $70.05 a barrel, ?up 82 cents, or 1.2%.