Posted at 30 June 2026 / Categories Market Roundups
Market Roundup
• Japan Jobs/Applications Ratio (May): 1.17, 1.18 forecast, 1.18 previous.
•Japan Unemployment Rate (May): 2.5%, 2.5% forecast, 2.5% previous.
•Japan Industrial Production (MoM) (May): 0.5%, 0.6% forecast, 0.5% previous.
•Japan Industrial Production Forecast 2 Months Ahead (MoM) (Jul): 0.0%, -0.4% previous.
•Japan Industrial Production Forecast 1 Month Ahead (MoM) (Jun): 3.7%, 5.1% previous.
•New Zealand NBNZ Own Activity (Jun): 36.9%, 25.6% previous.
•New Zealand ANZ Business Confidence (Jun): 36.6, 10.0 previous.
•China Manufacturing PMI (Jun): 50.3, 50.1 forecast, 50.0 previous.
•China Composite PMI (Jun): 50.6, 50.5 previous.
•Australia Private Sector Credit (MoM) (May): 0.7%, 0.6% forecast, 0.7% previous.
•Australia Housing Credit (May): 0.5%, 0.6% previous.
•New Zealand M3 Money Supply (May): 451.0B, 454.4B previous.
•UK GDP (QoQ) (Q1): 0.6%, 0.6% forecast, 0.1% previous.
•UK GDP (YoY) (Q1): 0.9%, 1.1% forecast, 0.9% previous.
Looking Ahead Economic Data (GMT)
•09:00 Germany Unemployment Rate (Jun): 6.3% forecast, 6.3% forecast.
•09:00 Germany Unemployment Change (Jun): 7K forecast, -12K previous.
•09:00 Germany Unemployment n.s.a. (Jun): 2.950M previous.
•09:00 Germany Unemployment (Jun): 2.987M previous.
•Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro initially edged lower but recovered some ground on Tuesday as investors assessed stronger-than-expected German retail sales data, which pointed to a rebound in consumer spending.Official data showed Germany's retail sales rose 1.1% month-on-month in May, reversing a revised 0.4% decline in April and comfortably beating market expectations for a 0.1% fall. The increase marked the first monthly gain since December, suggesting household consumption regained momentum despite persistent economic uncertainty.The improvement was broad-based, with food sales increasing 1.1% and non-food sales advancing 1.0%. Online and mail-order retail sales climbed 3.4%, highlighting continued strength in e-commerce and resilient consumer demand. Investors continued to monitor the European Central Bank's policy outlook and awaited key U.S. economic data later this week, particularly Thursday's non-farm payrolls report, for further direction. 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 initially dipped but recovered on Tuesday as investors digested the latest UK economic growth data, which confirmed that the economy expanded at a solid pace during the first quarter of 2026.Official figures released by the UK's Office for National Statistics (ONS) showed that gross domestic product (GDP) grew by 0.6% in the January-to-March period, in line with market expectations and unchanged from the preliminary estimate published last month. The reading marked a significant acceleration from the 0.2% expansion recorded in the final quarter of 2025, reinforcing expectations that the UK economy has entered the year on a stronger footing.Growth was driven primarily by robust activity in the services sector, while production posted modest gains and construction rebounded during the quarter. Investors continued to assess the outlook for the Bank of England's monetary policy and awaited key U.S. economic data later this week, including Thursday's non-farm payrolls report. 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 slips to hit three-month low as the greenback continued to extended its recent climb against Aussie.Geopolitical tensions remained as Iran announced that it would not meet U.S. officials in Qatar on Tuesday, dampening hopes for renewed diplomatic engagement.The lack of any meaningful progress in U.S.-Iran negotiations sustained safe-haven buying and curbed demand for risk-sensitive currencies like the Australian dollar.Minutes from the Reserve Bank of Australia's June policy meeting showed policymakers remained concerned about upside inflation risks and were prepared to raise interest rates again if necessary, following three rate hikes already delivered this year.Board members also expressed growing concern that the housing market could experience a sharp downturn as higher borrowing costs and proposed tax changes on investment properties weighed on demand. 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 yen remained under pressure as the wide interest rate differential between the United States and Japan continued to favor the dollar.The yen slumped to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was around the corner.Japanese Finance Minister Satsuki Katayama reiterated the authorities stood ready to respond appropriately at any time, refraining from stronger rhetoric.The yen has shrugged off bouts of intervention worth 11.7 trillion yen ($72.25 billion) and interest rate hikes from the Bank of Japan in the past few months as the Iran war stoked inflationary worries and derailed the global rates outlook.The Japanese currency was set for a 2% drop in the second quarter, its fourth straight quarter of decline, its longest such streak since 2022. 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 stocks surged at the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
Japan’s Nikkei 225 was up by 1.11% , South Korea’s KOSPI was up at 0.97%, China A50 was up at 0.97%
Commodities Recap
Gold prices slipped on Tuesday and were on track for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of U.S. interest rate hikes to tame elevated inflation.
Spot gold was down 0.8% ?at $3,985.57 per ounce, as of 0613 GMT, shedding 12.1% so far in June in what ?could be its fourth consecutive monthly fall. U.S. gold futures for August delivery ?lost 1% to $3,999.20.
Oil prices dipped around 1% on Tuesday, reversing the previous session's gains, and were poised for a monthly decline, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war.
Brent August crude futures , which expire on Tuesday, were down 1%, or 75 cents, at $72.4 a barrel as of ?0653 GMT. These levels are around $20, or 22%, lower than last month's closing. The more actively ?traded September contract was down 0.6%, or 45 cents, at $73.46 a barrel.