Posted at 09 July 2026 / Categories Market Roundups
Market Roundup
• Japan M3 Money Supply (Jun) 2,327.9B, 2,328.2B previous
• Japan Foreign Bonds Buying -218.1B, -277.5B previous
• Japan Foreign Investments in Japanese Stocks -22.2B, -1,817.5B previous
• Japan M2 Money Stock (YoY) (Jun) 2.2%, 2.4% forecast, 2.4% previous
• China CPI (MoM) (Jun) -0.3%, -0.2% forecast, -0.1% previous
• China CPI (YoY) (Jun) 1.0%, 1.1% forecast, 1.2% previous
• China PPI (YoY) (Jun) 4.1%, 4.1% forecast, 3.9% previous
•Germany Imports (MoM) (May) -2.5%, 0.1% forecast, 1.1% previous
•Germany Exports (MoM) (May) 0.9%, -0.3% forecast, 0.8% previous
•Japan Machine Tool Orders (YoY) (Jun) 52.8%, 37.4% forecast, 45.1% previous
Looking Ahead Economic Data (GMT)
• 10:00 Greek HICP (YoY) (Jun) 4.9% previous
• 10:00 Greek CPI (YoY) (Jun) 5.2% previous
Looking Ahead Events And Other Releases (GMT)
• 11:00 Eurogroup Meetings
Currency Forecast
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against dollar on Thursday as investors assessed a resumption of hostilities in the Persian Gulf. The U.S. military said it completed strikes on Iran aimed at keeping the critical Strait of Hormuz open ?to traffic, hours after President Donald Trump declared that an interim agreement to end the war was "over".On the data front, German exports rose unexpectedly in May, increasing by 0.9% compared with the previous month, data from the federal statistics office showed on Thursday. Imports were down 2.5% on a calendar and seasonally adjusted basis.The foreign trade balance showed a surplus of €19.1 billion in May, up from €14.7 billion in April.Exports to EU countries dropped by 1.1% on the month, while exports of goods to countries outside the EU increased by 3.6%. 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 strengthened on Thursday as sterling continued to draw support from easing domestic political uncertainty, improving investor sentiment toward UK assets. However, gains in GBP/USD were limited as renewed geopolitical tensions in the Middle East and a hawkish tone from the Federal Reserve underpinned the U.S. dollar. A few participants said there was already a case to raise borrowing costs, before ultimately agreeing with their colleagues to hold rates steady last month. Sterling held at $1.3396, just below a three-week peak of $1.341. Immediate resistance can be seen at 1.3433(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 strengthened as Australian dollar showed resilience despite a sharp deterioration in geopolitical sentiment.Renewed U.S.-Iran hostilities failed to trigger sustained selling in the Aussie, with investors balancing heightened global risks against expectations that inflationary pressures could keep interest rates elevated.Market sentiment was shaken after the U.S. military launched fresh strikes on Iran, while U.S. President Donald Trump declared that the interim agreement with Tehran was "over," raising concerns about a prolonged conflict in the Middle East.Meanwhile , The Federal Reserve's June meeting minutes reinforced the hawkish tone, revealing that policymakers grew increasingly concerned about persistent inflationary pressures.The minutes suggested officials remain cautious about easing policy, with markets now closely monitoring upcoming Fed communications for further guidance on the interest-rate outlook. 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 slightly on Thursday as renewed conflict between the US and Iran kept investors cautious.The United States military confirmed that it carried out a second consecutive day of strikes against targets in Iran, marking a further escalation in hostilities between the two countries.In response, Tehran warned that it was preparing a large-scale retaliatory operation targeting U.S. military bases throughout the region.Meanwhile, speculation over possible Japanese foreign exchange intervention remains in the background. Authorities have previously acted to support the yen when excessive dollar strength threatened market stability, meaning traders remain cautious about pushing USD/JPY significantly higher. 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
Asian shares wobbled on Thursday as the semiconductor-led rally lost momentum, while oil prices surged after renewed hostilities in the Gulf reignited inflation concerns and weighed heavily on global bond markets.
Japan’s Nikkei 225 was up by 1.55% , KOSPI was up at 0.62 %, China A50 was up at 2.66%
Commodities Recap
Oil prices rose more than 1% on Thursday after the U.S. carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies.
Brent crude futures rose 86 cents, or 1.1%, to $78.88 a barrel by 0352 ?GMT. U.S. West Texas Intermediate crude futures were up 85 cents, or 1.2%, at $74.37 a ?barrel.