Posted at 07 July 2026 / Categories Market Roundups
Market Roundup
• German Industrial Production (MoM) (May) 0.9%, 0.1% forecast,0.2% previous
•UK Halifax House Price Index (YoY) (Jun) 0.6%,0.5% previous
•UK Halifax House Price Index (MoM) (Jun) 0.2%, 0.1% forecast, -0.2% previous
•German Industrial Production (YoY) (May) 0.11% ,-0.76% previous
• French Exports (May)53.6B, 54.7B previous
• French Trade Balance (May)-6.9B, -5.9B forecast, -5.4B previous
• French Imports (May) 60.5B, 60.1B previous
•US ADP Employment Change Weekly 24.30K, 30.80K previous
•US ADP Employment Change Weekly 21.00K, 24.30K previous
•Canada Trade Balance (May) 4.24B, 3.41B previous
•US Trade Balance (May) -77.60B, -54.60B previous
•US Exports (May) 317.70B, 328.20B previous
•US Imports (May) 395.30B, 382.80B previous
•Canada Imports (May) 72.86B, 73.00B previous
•Canada Exports (May) 77.10B, 76.40B previous
•US Redbook (YoY) 11.5%, 10.5% previous
•Canada Ivey PMI (Jun) 56.2, 58.2 previous
•Canada Ivey PMI n.s.a (Jun) 59.7, 61.3 previous
Looking Ahead Economic Data (GMT)
•18:00 US 3-Year Note Auction 4.192% previous
•21:30 US API Weekly Crude Oil Stock -1.500M forecast, -6.072M previous
Looking Ahead Events And Other Releases (GMT)
• 10:30 UK BoE MPC Meeting Minutes
Currency Forecast
EUR/USD : The euro dipped against dollar on Tuesday as investors awaiting minutes of the U.S. Federal Reserve's June meeting for insight into Chair Kevin Warsh's monetary policy direction.Traders now see about ?a 56% chance of a rate increase in September, down from more ?than 60% ?before the data, according to the CME FedWatch tool. Forward guidance can be a "valuable tool" that speeds the impact of monetary policy under the right circumstances, though it can be a problem when used inflexibly, Fed Governor Christopher Waller said on Monday. Euro zone inflation came ?in lower than expected in June, data showed last week, causing markets ?to trim their bets on European Central Bank rate hikes. Immediate resistance can be seen at 1.1475(SMA 20), an upside break can trigger rise towards 1.1495(50%fib).On the downside, immediate support is seen at 1.1368(38.2%fib), a break below could take the pair towards 1.1291(Lower BB).
GBP/USD: The pound eased on Tuesday as investors shifting their attention to the minutes of the Federal Open Market Committee's (FOMC) June meeting, due on Wednesday, for clues on the U.S. rate outlook.Fed watchers will get another glimpse into how new Chair Kevin Warsh steers the central bank when it releases Federal Open Market Committee minutes on Wednesday, the first of his tenure. On the geopolitical front, talks to reach a final deal between Tehran and Washington won't start ?if U.S. threats ?continue, Iran's foreign ?minister said, following U.S. President Donald Trump's threat to "finish the job" if a deal is not made. Immediate resistance can be seen at 1.3389(Daily high), an upside break can trigger rise towards 1.3485(50%fib).On the downside, immediate support is seen at 1.3343(38.2%fib), a break below could take the pair towards1.3296(SMA 20).
AUD/USD: Australian dollar dipped against dollar on Monday investors shifting their attention to the minutes of the Federal Open Market Committee's (FOMC) June meeting, due on Wednesday, for clues on the U.S. rate outlook. The Federal Open Market Committee's ?June 16-17 ?meeting minutes will be released on Wednesday. U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after contracting for three ?straight months, pointing to continued labor market stability. Oil edged higher, but gains were limited as traders turned their attention to supply increases and demand prospects after prices hit pre-Iran war levels on Monday.Immediate resistance can be seen at 0.6952 (38.2%fib), an upside break can trigger rise towards 0.6986(SMA 20).On the downside, immediate support is seen at 0.6882(61.8%fib), a break below could take the pair towards 0.6822(Lower BB).
USD/JPY: The dollar eased against yen on Tuesday as investors remained on watch for intervention amid signs of a possible shift in strategy by Japanese authorities.The absence of official action despite the pair trading at elevated levels has reinforced market confidence that the yen may weaken further in the near term.From a fundamental perspective, persistent demand for U.S. dollars from Japanese importers is expected to continue supporting USD/JPY. Retail investors in Japan also remain active buyers of foreign assets, maintaining underlying demand for the dollar.. Immediate resistance can be seen at 162.73(23.6%fib) an upside break can trigger rise towards 163.00(Psychological level) .On the downside, immediate support is seen at 160.81(38.2%fib) a break below could take the pair towards 159.58(50%fib).
Equities Recap
European shares were little changed on Tuesday as strength in consumer-focused stocks helped offset a sharp decline in AI-related technology shares.
UK's benchmark FTSE 100 was up by 0.34 percent, Germany's Dax was down by 1.34 percent, France’s CAC was down by 0.34.
Commodities Recap
Gold prices were little changed on Tuesday as investors weighed escalating tensions in the Middle East against expectations for U.S. monetary policy.
Spot gold was little changed at $4,168.62 per ounce by 09:01 ?a.m ET (1301 GMT), while U.S gold futures for August delivery rose 0.3% ?to $4,180.50.
Oil prices rose on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.
Brent crude futures gained 76 cents, or 1.1%, to $72.75 a barrel, while U.S. West Texas Intermediate crude rose 73 cents, also 1.1%, to $69.28 a barrel at 1256 GMT.