Posted at 13 July 2026 / Categories Market Roundups
Market Roundup
• German 12-Month Bubill Auction 2.566%, 2.478% previous
•German 6-Month Bubill Auction 2.436%,2.331% previous
•French 12-Month BTF Auction 2.701% , 2.548% previous
•French 3-Month BTF Auction 2.410%, 2.374% previous
•French 6-Month BTF Auction 2.540%, 2.455% previous
Looking Ahead Economic Data (GMT)
•16:30 US 3-Month Bill Auction 3.735% previous
•16:30 US 6-Month Bill Auction 3.830% previous
Currency Forecast
EUR/USD : The euro edged higher against dollar on Monday as investors focused on renewed hostilities in the Gulf.U.S. ?and Iranian forces exchanged heavy missile and drone assaults at the weekend, with Tehran targeting U.S. facilities in ?states across the Gulf on Sunday and saying it had again closed the vital ?Strait of Hormuz shipping route. With Geopolitics in the spotlight again, global monetary policy will also be on investors' radars. The U.S. Federal Reserve and the European Central Bank are expected to deliver at least a quarter-point rate hike ?this year .Investors will also watch out ?for Fed Chair Kevin Warsh's testimony to Congress for the first time in his new role this week..Fed funds futures are pricing an implied 50.9% probability of two ?or more rate hikes by the time of the U.S. central bank's December meeting, up from a 47.6% chance on ?Friday, according to the CME Group's FedWatch tool. 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 edged lower against the U.S. dollar on Monday as renewed hostilities between the United States and Iran dampened risk sentiment and boosted demand for the greenback. Markets turned cautious after both countries exchanged missile and drone strikes over the weekend and into Monday, raising concerns that the conflict could broaden and disrupt global energy supplies.Iran said it had launched attacks on U.S. military facilities in the region and had once again closed the Strait of Hormuz, a key global oil shipping route. Meanwhile, the U.S. military said it carried out strikes targeting Iranian air defence systems, coastal radar installations and other military sites. The escalation drove oil prices higher, with Brent crude rising around 2% to $77.60 a barrel, adding to concerns that higher energy costs could fuel global inflation.The prospect of persistent inflation has prompted investors to reassess the outlook for interest rates. 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: The Australian dollar edged lower on Monday as investors were cautious following a sharp escalation in Middle East tensions. Market sentiment deteriorated after Iran launched retaliatory strikes on U.S. military facilities in Gulf states in response to recent U.S. attacks, while Tehran declared the strategic Strait of Hormuz closed, raising fears of significant disruptions to global oil supplies.The geopolitical uncertainty lifted energy prices, with U.S. crude oil climbing around 3%, while equity markets came under pressure as S&P 500 futures slipped 0.3%. U.S. Treasury futures also declined by five ticks as investors reassessed inflation risks stemming from higher energy costs.Commodity-linked currencies such as the Australian dollar remained under pressure despite the rise in oil prices . Immediate resistance can be seen at 0.6952 (SMA 20), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6875(23.6%fib), a break below could take the pair towards 0.6811(Lower BB).
USD/JPY: The U.S. dollar strengthened on Monday as Japanese yen slipped after a report showed that Tokyo had no imminent plans to change the asset allocations of its state pension funds. The yen and Japanese bonds had rallied on Friday after Finance Minister Satsuki Katayama said the government would seek ways to encourage pension funds, including the Government Pension Investment Fund (GPIF), to make greater investments in Japanese financial assets.While the government is exploring ways to boost such investments within the existing allowable ranges of the benchmark portfolio, the initiative will not lead to immediate revisions to GPIF's medium-term objectives. Immediate resistance can be seen at 162.86(23.6%fib) an upside break can trigger rise towards 163.00(Psychological level) .On the downside, immediate support is seen at 161.76(SMA20) a break below could take the pair towards 161.17(38.2%fib).
Equities Recap
European shares inched lower on Monday as investors assessed escalating hostilities between the United States and Iran, which prompted Tehran to shut the Strait of Hormuz, sending oil prices higher.
UK's benchmark FTSE 100 was up by 0.02 percent, Germany's Dax was down by 0.07 percent, France’s CAC was up by 0.20 percent.
Commodities Recap
Gold prices fell more than 1% on Monday as fresh strikes in the Middle East heightened inflation concerns, raising prospects of higher-for-longer U.S. interest rates.
Spot gold was down 1.4% to $4,064.02 per ounce by 9:08 a.m. EDT (1308 GMT). Prices were down for the second straight session.U.S. gold futures were down 1% to $4,071.80.
Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over the security of energy shipments through the Strait of Hormuz, one of the world's most critical oil transit routes.
Brent crude futures were up $2.39, or 3.14%, to $78.40 at 1321 GMT, while U.S. West Texas Intermediate crude was up $2.17, or 3.04%, to $73.58 a barrel. Both contracts rose more than 4% earlier in the session.