Posted at 01 July 2026 / Categories Market Roundups
Market Roundup
•HCOB Italy Manufacturing PMI (Jun): 52.2, 52.4 forecast, 52.9 previous.
•HCOB France Manufacturing PMI (Jun): 51.2, 50.7 forecast, 49.7 previous.
•HCOB Germany Manufacturing PMI (Jun): 50.3, 50.0 forecast, 50.1 previous.
•HCOB Eurozone Manufacturing PMI (Jun): 51.4, 51.3 forecast, 51.6 previous.
•S&P Global Greece Manufacturing PMI (Jun): 53.8, 53.3 previous.
•Italian Public Deficit (Q1): 7.8%, -1.4% previous.
•S&P Global UK Manufacturing PMI (Jun): 52.5, 53.1 forecast, 53.9 previous.
•Eurozone CPI (YoY) (Jun): 2.8%, 3.0% forecast, 3.2% previous.
•Eurozone Core CPI (YoY) (Jun): 2.4%, 2.5% forecast, 2.6% previous.
•Eurozone CPI (MoM) (Jun): -0.1%, 0.1% previous.
•Eurozone CPI, n.s.a. (Jun): 103.07, 103.13 previous.
•Eurozone HICP ex Energy & Food (YoY) (Jun): 2.2%, 2.3% previous.
•Eurozone Core CPI (MoM) (Jun): 0.2%, 0.3% previous.
•Eurozone HICP ex Energy & Food (MoM) (Jun): 0.2%, 0.3% previous.
Looking Ahead Economic Data (GMT)
•16:30 US Crude Oil Inventories: -2.900M, -6.088M previous.
•16:30 US Cushing Crude Oil Inventories: -1.077M.
•16:30 US EIA Weekly Refinery Utilization Rates (WoW): -0.6%.
•16:30 US Gasoline Inventories: -0.950M, 2.064M previous.
•16:30 US Crude Oil Imports: 0.094M.
•16:30 US Heating Oil Stockpiles: 0.722M.
•US EIA Weekly Distillates Stocks: -0.700M, 3.064M previous.
Looking Ahead Events And Other Releases (GMT
Currency Forecast
EUR/USD : The euro edged lower against the U.S. dollar on Wednesday as the greenback remained firm, supported by rising Treasury yields and likely boosted by month-end portfolio rebalancing.Investors are now focused on Thursday's U.S. Non-Farm Payrolls report, with expectations for Federal Reserve policy and broader market sentiment hinging on the strength of the labor market data. The employment figures are expected to provide fresh direction for the U.S. dollar and the euro.Meanwhile, eurozone inflation eased in June after accelerating in the previous month due to the Middle East conflict, which had driven energy prices sharply higher. The softer inflation reading reinforced expectations that the European Central Bank (ECB) will leave interest rates unchanged at its upcoming policy meeting.According to Eurostat, consumer prices across the 21-member euro area rose 2.8% year-on-year in June, slowing from 3.2% in May, suggesting that inflationary pressures continue to moderate despite lingering geopolitical risks. 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: he British pound edged lower against the U.S. dollar on Wednesday as the greenback remained firm, supported by rising Treasury yields and likely aided by month-end portfolio rebalancing.Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday that she could support another interest rate hike if inflation pressures fail to ease, reinforcing the Fed's hawkish policy stance.Markets are currently pricing in around a 67% chance of a September rate hike, according to the CME FedWatch Tool, reflecting growing expectations of further monetary tightening.Investors are now focused on the U.S. June ADP employment report, due later on Wednesday, followed by the closely watched Non-Farm Payrolls data on Thursday. The labor market figures are expected to provide fresh clues on the Federal Reserve's policy path and could drive near-term moves in the pound.. 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 edged lower on Wednesday as the U.S. dollar remained firm, with markets continuing to price in the possibility of a near-term Federal Reserve interest rate hike. Expectations for a September rate increase strengthened ahead of Thursday's closely watched U.S. Non-Farm Payrolls report.Geopolitical tensions also weighed on sentiment after Iran reiterated that it would not hold talks with U.S. officials in Doha, limiting gains in commodity-linked currencies such as the Australian dollar.Investors are now focused on the U.S. June employment report, with economists forecasting that the economy added 110,000 jobs. The data is expected to play a key role in shaping expectations for the Federal Reserve's next policy decision.Meanwhile, minutes from the Reserve Bank of Australia's June meeting showed policymakers remained concerned about upside inflation risks and indicated they were prepared to tighten monetary policy further if inflationary pressures persist. Immediate resistance can be seen at 0.6934(June 30th high), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6856(38.2%fib), a break below could take the pair towards 0.6813(Lower BB).
USD/JPY: The U.S. dollar extended gains on Wednesday as strong buying interest kept the pair well supported. Market participants appear to be placing less weight on repeated warnings from Japanese authorities about potential currency intervention. The absence of any immediate action from Japan's Ministry of Finance (MOF) has encouraged traders to push the pair closer to the psychologically important 163.00 level, with intervention threats increasingly failing to deter bullish momentum. Japanese authorities may wait until after the release of key U.S. employment data before deciding whether to step into the market, allowing them to assess the impact of the figures on U.S. interest rate expectations. Immediate resistance can be seen at 162.87(23.6%fib) an upside break can trigger rise towards 163.00(Psychological level) .On the downside, immediate support is seen at 161.81(July30th low) a break below could take the pair towards 161.31(SMA 20).
Equities Recap
European shares edged lower on Wednesday as investors turned cautious after reports that peace talks between Iran and the United States had reached a fresh impasse.
UK's benchmark FTSE 100 was last trading down at 0.41 percent, Germany's Dax was down by 0.0 percent, France’s CAC was down by 0.84 percent.
Commodities Recap
Gold steadied on Wednesday but remained close to a seven-month low touched in the previous session, as rising U.S. Treasury yields and increasing expectations of further Federal Reserve interest rate hikes continued to weigh on the precious metal.
Spot gold was little changed at $4,010.11 per ounce as of 1109 GMT, after ?touching its lowest level since last November of $3,942.99 in the previous session. ?U.S. gold futures for August delivery lost 0.4% to $4,023.80/oz.