Posted at 29 June 2026 / Categories Market Roundups
Market Roundup
•EU Loans to Non Financial Corporations (May): 4.0%, 3.4% previous.
•EU M3 Money Supply (YoY) (May): 3.2%, 2.7% forecast, 2.7% previous.
•EU M3 Money Supply (May): 17,552.2B, 17,433.9B previous.
•EU Private Sector Loans (YoY) (May): 3.1%, 2.9% forecast, 3.0% previous.
•UK Mortgage Approvals (May): 56.21K, 63.00K forecast, 66.03K previous.
•UK BoE Consumer Credit (May): 1.662B, 1.800B forecast, 1.713B previous.
•UK Mortgage Lending (May): 2.89B, 4.60B forecast, 4.44B previous.
•UK M4 Money Supply (MoM) (May): 0.1%, 0.2% forecast, 0.2% previous.
•UK M3 Money Supply (May): 3,278.5B, 3,271.6B previous.
•UK Net Lending to Individuals (May): 4.600B, 6.000B forecast, 6.200B previous.
•EU Selling Price Expectations (Jun): 22.3, 26.7 previous.
•EU Consumer Inflation Expectation (Jun): 34.0, 40.4 previous.
•EU Business and Consumer Survey (Jun): 95.0, 94.3 forecast, 93.7 previous.
•EU Industrial Sentiment (Jun): -7.7, -7.8 forecast, -7.9 previous.
•EU Services Sentiment (Jun): 3.2, 2.5 forecast, 2.6 previous.
•EU Consumer Confidence (Jun): -17.7, -17.7 forecast, -17.7 previous.
•EU Business Climate (Jun): -0.38, -0.27 previous.
Looking Ahead Economic Data (GMT)
•16:30 US 3-Month Bill Auction: 3.695% previous.
•16:30 US 6-Month Bill Auction: 3.840% previous.
Looking Ahead Events And Other Releases (GMT)
• 18:30 ECB President Lagarde Speaks
Currency Forecast
EUR/USD : The euro edged higher on Monday as investors looked ahead to the ECB's annual Sintra conference.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. Traders ?are pricing ?in one more ECB rate hike of 25 basis points later this year, LSEG-compiled data showed. 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 assessed brief flare-up in Middle East tensions against lingering doubts over a fragile ceasefire in the region. A pause in the latest exchange of attacks in the Middle East offered some relief to markets. But the mood remained fragile. Political attention is now focused on Andy Burnham, who is expected to replace Starmer as Britain's prime minister by July 20. Investors will closely monitor Burnham's speech later today, where he is set to outline his vision for the country. His policy priorities and economic agenda could influence expectations for fiscal policy and the outlook for sterling in the weeks ahead. 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 dipped 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
European shares were little changed on Monday, supported by gains in technology stocks, as investors assessed the durability of the fragile Middle East ceasefire after the United States and Iran agreed to suspend their latest hostilities.
UK's benchmark FTSE 100 was last trading down at 0.09 percent, Germany's Dax was down by 0.10 percent, France’s CAC was down by 0.04 percent.
Commodities Recap
Gold prices eased on Monday as recent U.S.-Iran strikes in the Gulf pushed oil prices higher, while expectations of U.S. Federal Reserve interest rate hikes further weighed on the non-yielding metal.
Spot gold was down 0.7% at $4,061.51 per ounce, as of 0747 GMT. U.S. gold futures for August delivery lost 0.5% to $4,076.20. The metal was headed for a fourth consecutive monthly loss of 10.5%.
Oil gained more than 1% on Monday as renewed hostilities between the U.S. and Iran underscored the fragile nature of their interim peace deal, though expectations of smoother shipping through the Strait of Hormuz restrained further advances.
Brent ?crude futures were up 77 cents, or around 1.1%, at $72.76 a barrel by ?1324 GMT. U.S. West Texas Intermediate crude gained $1, or 1.44%, to $70.23.