Posted at 14 July 2026 / Categories Market Roundups
Market Roundup
•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)
•02:30 Australia NAB Business Confidence (Jun) -14 previous
•02:30 Australia NAB Business Survey (Jun) 3 previous
•05:30 Japan Industrial Production (MoM) (May) 0.5% forecast, 0.5% previous
•05:30 JapanCapacity Utilization (MoM) (May)-0.8% previous
Currency Forecast
EUR/USD : The euro dipped 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. 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).
USD/CAD: The Canadian dollar edged higher on Monday as oil prices advanced after fresh military exchanges between the U.S. and Iran renewed worries over crude shipments through the Strait of Hormuz. U.S. and Iranian forces exchanged missile and drone strikes over the weekend, with Iran targeting U.S. bases in the Gulf and again declaring the Strait of Hormuz closed.The Bank of Canada is widely expected to leave its benchmark interest rate unchanged at 2.25% on Wednesday. Cooling underlying inflation has reduced the need for further policy tightening, while a rebound in economic activity following a technical recession has also lessened the case for additional monetary stimulus.Oil prices jumped more than 3% on Monday as renewed U.S.-Iran strikes raised fears of supply disruptions through the Strait of Hormuz.Immediate resistance can be seen at 1.4180(SMA 20), an upside break can trigger rise towards 1.4252(Higher BB).On the downside, immediate support is seen at 1.4139(38.2%fib), a break below could take the pair towards 1.4115(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 traded cautiously on Monday as investors remained on the sidelines following renewed tensions in the Middle East, which heightened geopolitical uncertainty and dampened risk appetite.
UK's benchmark FTSE 100 closed up by 0.19 percent, Germany's Dax ended up by 0.01percent, France’s CAC finished the day up by 0.31 percent.
U.S. stocks fell on Monday as renewed U.S.-Iran tensions and President Trump's plan to reinstate a blockade on Iranian ports lifted oil prices and dampened risk appetite..
Dow Jones closed down by 0.26% percent, S&P 500 closed down by 0.79% percent, Nasdaq settled down by 1.55% percent.
Commodities Recap
Gold fell 3% on Monday after President Trump reinstated a naval blockade on Iran, lifting oil prices, stoking inflation fears and reinforcing expectations of higher U.S. interest rates for longer.
Spot gold fell for the second straight session, down 3% at $3,996.76 per ounce by 1:40 p.m. EDT (1740 GMT), after ?hitting its lowest level since July 1.U.S. gold futures settled 2.6% lower ?at $4,005.7.
Oil prices surged more than 9% on Monday to a one-month high after the U.S. expanded its naval blockade of Iran, reigniting fears of supply disruptions through the Strait of Hormuz.
Brent crude futures settled up $7.29, or 9.59%, to $83.30, while U.S. West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel.