Posted at 02 July 2026 / Categories Market Roundups
Market Roundup
• Japan Foreign Bonds Buying: -280.1B, 202.1B previous.
•Japan Foreign Investments in Japanese Stocks: -1,816.5B, 451.3B previous.
•Australia Trade Balance (May): -3.018B, 2.190B forecast, 1.383B previous.
•Australia Exports (MoM) (May): 6.9%, 7.2% previous.
•Australia Imports (MoM) (May): 2.6%, 0.2% previous.
Looking Ahead Economic Data (GMT)
•07:30 Switzerland CPI (MoM) (Jun): 0.1%, 0.2% previous.
•07:30 Switzerland CPI (YoY) (Jun): 0.5%, 0.6% previous.
•10:00 Eurozone Unemployment Rate (May): 6.3%, 6.3% forecast.
Looking Ahead Events And Other Releases (GMT)
•11:00 EU ECB's Elderson Speaks
Currency Summaries
EUR/USD : The euro traded flat against the U.S. dollar in thin trading as markets awaited key U.S. non-farm payrolls data.Thursday's data is expected to show U.S. employers added 110,000 jobs in June, with the unemployment rate holding steady at 4.3%, according to the median estimate of economists polled .Federal Reserve Chairman Kevin Warsh said on Wednesdayinflation expectations and price risks have eased in recent weeks, while the ADP National Employment Report showed that private employment rose but less than expected.The dollar has been underpinned by rising expectations of Fed rate hikes this year. A resilient labour market has also bolstered the outlook for U.S. growth, after job gains exceeded expectations for the past three months. 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 British pound edged higher against the U.S. dollar on Thursday as investors assessed U.S.-Iran talks. Vice President JD Vance said discussions were going well as the U.S. and Iran held indirect talks in Doha and that Washington would not return to full combat unless necessary. However, uncertainty remained as complex issues such as Iran's nuclear programme were unsolved. Though crudeprices remain near pre-conflict levels and have eased fearsof an energy supply disruption, many central bank policymakers have warned of prolonged risks to global economies.Meanwhile, Federal Reserve Chair Kevin Warsh, at the European Central Bank's Sintra conference, reiterated his stance of not providing guidance on monetary policy, amid bets on at least one 25-basis-point interest rate hike by end-2026. Immediate resistance can be seen at 1.3295(SMA 20), an upside break can trigger rise towards 1.3327(June 18th high).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 struggled to sustain gains above the 0.6900 level on Thursday as investors were cautious ahead of key U.S. labor market data.Markets largely took comments from Federal Reserve Chair Kevin Warsh in stride after he said inflation risks have eased but reaffirmed the Fed's commitment to achieving its inflation target.Investor attention has now turned to Thursday's U.S. nonfarm payrolls report, which could provide fresh direction for the U.S. dollar and broader financial markets.On the data front, Australia's balance on goods trade in May unexpectedly swung to the largest deficit in over a decade, data showed on Thursday, as exports of gold and iron ore fell ?sharply.The Australian Bureau of Statistics reported the balance on goods recorded a deficit of A$3.0 billion ($2.07 billion) in May, compared to a surplus of A$1.4 billion in April.Meanwhile, market expectations for further interest rate hikes have eased considerably, with traders now pricing in only a 15% chance that the Reserve Bank will raise interest rates at its August meeting. 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 eased slightly against yen on Thursday as investors remained cautious ahead of the U.S. nonfarm payrolls report, a key event that could shape expectations for Federal Reserve policy.The Japanese yen has been one of the biggest casualties of the dollar's strength, putting Japan's Ministry of Finance in a difficult position over whether to intervene to support the currency.Traders remain alert to the possibility of Japanese foreign exchange intervention, with speculation that the Ministry of Finance could step in after the U.S. jobs report, particularly during thinner trading conditions created by the U.S. Independence Day holiday.Overnight, the yen sank to 162.84 yen against the dollar, hitting a 40-year low and well above levels that prompted Japanese authorities to intervene a few weeks ago. 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
Asian shares fell on Thursday as investors locked in profits on chipmakers after the sector's strong quarterly rally, while currency and bond markets turned cautious ahead of the U.S. nonfarm payrolls report.
Japan’s Nikkei 225 was down by 1.93% , South Korea’s KOSPI was down at 5.29%, China A50 was down at 2.29%
Commodities Recap
Gold prices rose on Thursday, supported by weaker-than-expected employment data and lower oil prices, as investors shifted their focus to the U.S. nonfarm payrolls report for fresh clues on the Federal Reserve's interest rate outlook.
Spot gold rose 0.7% to $4,057.92 per ounce, as of 0251 GMT, after touching its highest level since ?June 23 in the previous session. U.S. gold futures for August delivery inched 0.3% lower ?to $4,070.10.
Oil prices fell about 1% on Thursday, marking a third straight day of losses, after Qatar said Iran and the United States had made progress in indirect talks over the Strait of Hormuz, easing concerns about potential supply disruptions along the vital waterway that handled around one-fifth of global oil shipments before the conflict.
Brent futures lost ?77 cents or 1.1% to $70.80 a barrel by 0256 GMT, while U.S. ?West Texas Intermediate crude fell 84 cents or 1.2% to $67.74 a barrel.