Posted at 30 June 2026 / Categories Market Roundups
Market Roundup
•UK GDP (QoQ) (Q1): 0.6%, 0.6% forecast, 0.1% previous.
•UK GDP (YoY) (Q1): 0.9%, 1.1% forecast, 0.9% previous.
•French Consumer Spending (MoM) (May): 0.5%, 0.2% forecast, -0.5% previous.
•French HICP (MoM) (Jun): -0.3%, 0.0% forecast, 0.1% previous.
•French PPI (YoY) (May): 3.00%, 2.30% previous.
•French CPI (YoY) (Jun): 1.8%, 2.1% forecast, 2.4% previous.
•French PPI (MoM) (May): -0.3%, -2.0% previous.
•French HICP (YoY) (Jun): 2.0%, 2.4% forecast, 2.8% previous.
•Swiss Official Reserve Assets (May): 841.2B, 848.5B previous.
•German Unemployment Rate (Jun): 6.3%, 6.3% forecast, 6.3% previous.
•German Unemployment Change (Jun): -1K, 7K forecast, -12K previous.
•German Unemployment n.s.a. (Jun): 2.936M, 2.950M previous.
•German Unemployment (Jun): 2.984M, 2.987M previous.
German CPI (MoM) (Jun): -0.2%, -0.3% previous.
German CPI (YoY) (Jun): 2.1%, 2.4% previous.
German Harmonized CPI (YoY) (Jun): 2.5%, 2.6% previous.
Looking Ahead Economic Data (GMT)
•13:00 US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Apr): 0.9%forecast, 0.8% previous.
•13:00 US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Apr): 1.0% previous.
•13:00 US House Price Index (MoM) (Apr): 0.2%orecast, 0.1% previous.
•13:00 US House Price Index (YoY) (Apr): 1.7% previous.
•13:00 S&P/CS HPI Composite - 20 s.a. (MoM) (Apr): -0.2% previous.
•14:45 Chicago PMI (Jun): 55.7forecast, 62.7 previous.
•15:00 US JOLTS Job Openings (May): 7.280M forecast, 7.618M previous.
•15:00 US CB Consumer Confidence (Jun): 94.4 forecast, 93.1 previous.
•15:30 US Texas Services Sector Outlook (Jun): -7.7 previous.
•15:30 US Dallas Fed Services Revenues (Jun): 5.0 previous.
•16:00 US Canadian Budget Balance (YoY) (Apr): -55.28B previous.
•16:00 US Canadian Budget Balance (Apr): -29.73B previous.
•Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro dipped lower on Tuesday a resurgent dollar ?pushed the euro lower. The dollar has been supported by markets seeing a higher chance of Federal Reserve rate hikes. U.S. inflation is well above target, the economy is growing and policymakers' new quarterly projections show nine out of 19 anticipate a rate hike by year-end.The dollar index , which measures the U.S. currency against six other units, clawed back some of its overnight losses to be last at 101.32, set for a 1.4% rise in the quarter after gaining 1.6% in the first three months of 2026.The euro dipped 0.26% to $1.1398, not far from the one-year low it hit last week.On the data front, Germany’s retail sales rose 1.1% month-on-month in May 2026, rebounding from a revised 0.4% decline in the previous month and defying market expectations for a 0.1% fall. 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 dipped on on Tuesday as stronger dollar offset upbeat UK GDP data. Investors are amassing bullish positions on dollar at a record pace thanks to a remarkable re-pricing of the U.S. interest rate outlook, which has flipped from ?cuts to hikes, due to the surprising strength of the U.S. economy and persistent inflationary pressures beyond energy prices. 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. 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 Tuesday as yen slumped to levels not seen since 1986 , leaving traders on alert for any potential intervention from Japan to shore up the persistently weak currency. Japan reiterated on Tuesday that authorities stood ready to respond to currency moves, keeping the rhetoric unchanged despite the yen's slide to a four-decade low..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 162.59(23.6%fib) an upside break can trigger rise towards 162.86 (Higher BB) .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 equity markets gained on Tuesday as investor sentiment improved, with the recent sell-off in technology stocks showing signs of stabilizing.
UK's benchmark FTSE 100 was last trading up at 0.93 percent, Germany's Dax was up by 1.37 percent, France’s CAC was up by 0.34 percent.
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 were on track for their steepest quarterly decline since the onset of the COVID-19 pandemic in early 2020, as investors monitored the prospect of U.S.-Iran talks in Doha against the backdrop of a fragile interim ceasefire in the four-month-long conflict.
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.