Posted at 08 July 2026 / Categories Market Roundups
Market Roundup
•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)
• 02:00 Australia Building Approvals (MoM) (May) -1.1% forecast, -3.4% previous
• 02:00 Australia Building Approvals (YoY) (May) 5.30% forecast, 10.20% previous
• 02:00 Australia Private House Approvals (May) 2.8% forecast, -1.0% previous
• 03:00 New Zealand RBNZ Interest Rate Decision 2.50% forecast, 2.25% previous
Looking Ahead Events And Other Releases (GMT)
• 03:00 New Zealand RBNZ Rate Statement
• 04:00 New Zealand RBNZ Press Conference
Currency Summaries
EUR/USD : The euro dipped on Tuesday as dollar firmed after the U.S. renewed strikes on Iran, renewing geopolitical tensions . Bids for safe haven currency came after the U.S. unleashed a new wave of strikes against Iran on Tuesday and revoked a licence allowing the country to sell oil after three tankers were attacked in the Strait of Hormuz. 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. 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. Investors ?will eye the minutes from ?the Federal Reserve's June meeting, the first under new Chairman Kevin Warsh and scheduled for release on Wednesday, for policymakers' views on forward guidance from the central bank.On Monday, Federal Reserve Governor Christopher Waller said that forward ?guidance can be a valuable tool under the right circumstances, but can also be a problem when ?used improperly.Sterling weakened 0.13% to $1.3372 after earlier hitting a three-week high of $1.3401. 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).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil prices rose and Canada's trade data added to evidence that the domestic economy rebounded in the second quarter.Canada's trade surplus widened to a four-year high of C$4.24 billion ($2.98 billion) in May as exports rose for the fourth consecutive month.Top of FormBottom of FormCanada's economy contracted at an annualized rate of 0.1% in the first quarter after a 1% contraction in the final three months of 2025.The price of oil, one of Canada's major exports, rose after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Immediate resistance can be seen at 1.4245(23.6%fib), an upside break can trigger rise towards 1.4327(Higher BB).On the downside, immediate support is seen at 1.4139(SMA 20), a break below could take the pair towards 1.4101(38.2%fib).
USD/JPY: The dollar edged against yen on Tuesday as ?investors continued to watch for signs of possible intervention by Japanese authorities to support the currency.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 edged lower on Tuesday as a broad-based selloff in technology stocks weighed on market sentiment.
UK's benchmark FTSE 100 closed up by 0.13 percent, Germany's Dax ended down by 1.37 percent, France’s CAC finished the day down by 0.51percent.
U.S. stocks fell on Tuesday led by technology shares on investors' concerns about the longevity of the AI-driven rally.
Dow Jones closed up by 0.25% percent, S&P 500 closed down by 0.45% percent, Nasdaq settled down by 1.16% percent.
Commodities Recap
Oil prices settled 3% higher on Tuesday after Iran reportedly attacked three commercial vessels in the Strait of Hormuz, heightening concerns over disruptions to one of the world's most critical energy shipping routes.
Brent crude futures settled up $2.17, or 3.01%, to $74.16 a barrel, while U.S. West Texas Intermediate crude rose $1.89, or 2.76%, to $70.44 a barrel.
Gold prices fell on Tuesday as investors weighed escalating tensions in the Middle East, which pushed oil prices higher and raised concerns over inflation.
Spot gold was down 0.5% at $4,144.36 per ounce by 2:00 p.m ET (1800 GMT). U.S gold futures for August delivery settled 0.3% lower at $4,157.40 an ounce