Posted at 15 July 2026 / Categories Market Roundups
Market Roundup
• Sweden CPI (MoM) (Jun) 0.4% , 0.4% forecast; 1.0% previous.
• Sweden CPI (YoY) (Jun) 0.7% , 0.7% forecast; 0.8% previous.
• Sweden CPIF (YoY) (Jun) 1.3% , 1.3% forecast; 1.5% previous.
• Sweden CPIF (MoM) (Jun) 0.3% , 0.3% forecast; 0.9% previous.
• Sweden CPIF Ex Energy (YoY) (Jun) 0.40%; 0.40% previous.
• Sweden CPIF Ex Energy (MoM) (Jun) 0.60%; 0.60% previous.
• Spain CPI (YoY) (Jun) 3.2% ,3.2% forecast; 3.2% previous.
• Spain HICP (YoY) (Jun) 3.6%,3.6% forecast; 3.6% previous.
• Spain Core CPI (YoY) (Jun) 2.9% , 2.9% forecast; 3.0% previous.
• Spain HICP (MoM) (Jun) 0.6%,0.6% forecast; 0.1% previous.
• Spain CPI (MoM) (Jun) 0.6% vs 0.6% forecast; 0.1% previous.
• Eurozone Industrial Production (MoM) (May) -0.2% vs 0.3% forecast; 0.3% previous.
• Eurozone Industrial Production (YoY) (May) -1.2% vs -0.5% forecast; 0.4% previous.
• Eurozone Reserve Assets Total (Jun) EUR 1,755.45B; EUR 1,872.75B previous.
• U.S. PPI (MoM) (Jun) -0.3% vs 0.0% forecast; 0.6% previous.
• Canada Wholesale Sales (MoM) (May) 0.0% vs -0.7% forecast; 1.4% previous.
• U.S. Core PPI (MoM) (Jun) 0.2% vs 0.3% forecast; 0.1% previous.
• U.S. NY Empire State Manufacturing Index (Jul) 15.60 vs 9.30 forecast; 5.70 previous.
• Canada Manufacturing Sales (MoM) (May) 1.3% vs 1.1% forecast; 3.9% previous.
• Canada New Motor Vehicle Sales (May) 190.6K; 183.9K previous.
• Canada Capacity Utilization Rate (May) 82.5%; 80.4% previous.
• U.S. Core PPI (YoY) (Jun) 4.7% vs 5.2% forecast; 4.6% previous.
• U.S. PPI (YoY) (Jun) 5.5% vs 6.2% forecast; 6.0% previous.
• U.S. PPI ex. Food/Energy/Transport (MoM) (Jun) 0.1%; 0.8% previous.
• U.S. PPI ex. Food/Energy/Transport (YoY) (Jun) 5.1%; 5.1% previous.
Looking Ahead Economic Data (GMT)
•15:30 U.S. Cushing Crude Oil Inventories -0.052M previous.
•15:30 U.S. EIA Refinery Crude Runs (WoW) -0.172M previous.
•15:30 U.S. EIA Weekly Refinery Utilization Rate (WoW) -0.8% previous.
•15:30 U.S. Distillate Fuel Production -0.001M previous.
•15:30 U.S. Gasoline Inventories -0.800M forecast, -1.904M previous.
•15:30 U.S. Gasoline Production -0.233M previous.
•15:30 U.S. Heating Oil Stockpiles -0.427M previous.
•15:30 U.S. EIA Weekly Distillates Stocks 0.100M forecast, -4.980M previous.
Looking Ahead Events And Other Releases (GMT)
• 14:45 Canada
BoC Rate Statement
Currency Forecast
EUR/USD : The euro edged higher against the U.S. dollar on Wednesday after softer-than-expected U.S. inflation data dampened expectations of a near-term Federal Reserve rate hike, though elevated oil prices continued to pose upside inflation risks.U.S. consumer inflation slowed to 3.5% year-on-year in June, while the headline Consumer Price Index fell 0.4% from the previous month, marking its first monthly decline since April 2020 as energy prices eased. Following the data, traders sharply reduced expectations of a July Fed rate hike, with CME Fed funds futures implying just a 16% probability, roughly half the odds seen before the inflation reports. 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 British pound steadied against ?the dollar as sterling was supported by expectations for higher interest rates. Other factors supporting the currency include an easing of domestic political uncertainty, resilient growth and record inbound takeover activity for British companies. Investors also remain optimistic ?that Britain can forge closer ties with the European Union, ahead of a summit ?next week. The latest escalation of hostilities in the Middle East has prompted investors to add to bets for rate hikes from the Bank of England ?this year, given the expected impact on inflation from higher oil prices. Money market traders ?are fully pricing in a hike by the November policy meeting, with a second rate hike priced in by ?March 2027. Immediate resistance can be seen at 1.3444(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 higher on Wednesday as U.S. dollar retreated following softer-than-expected U.S. June inflation data that eased expectations for near-term Federal Reserve rate hikes. Top Fed officials welcomed softer June inflation but said more evidence is needed to confirm inflation is easing sustainably.Improved risk appetite, driven by strong U.S. bank earnings and a rebound in chip stocks, also underpinned the Australian dollar.Meanwhile, expectations for further policy tightening remained limited despite the Reserve Bank's three rate hikes since February..Markets currently price a 20% chance of an August rate hike and about a 60% probability by December. 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 dipped against the yen on Wednesday as the yen strengthened after softer U.S. CPI data eased Fed rate hike expectations, weighing on the dollar. U.S. annual inflation slowed to 3.5% in June, while the CPI fell 0.4% month-on-month, the first decline since April 2020, driven by lower energy prices.Traders now expect that the Fed will skip a July rate hike, with the odds of one halved to 16% after the inflation reports based on Fed funds futures prices at the CME Group.Despite modest gains, the yen remained near 40-year lows as Tokyo refrained from announcing concrete measures to support the currency. 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 Wednesday as caution over escalating tensions in the Middle East overshadowed strong earnings reports from Cartier-owner Richemont and chip equipment maker ASML.
UK's benchmark FTSE 100 was down by 0.04percent, Germany's Dax was down by 0.51 percent, France’s CAC was up by 0.29 percent.
Commodities Recap
Gold prices reversed earlier declines and edged up on Wednesday after U.S. producer prices unexpectedly fell in June, although ?escalating tensions in the Middle East limited gains by keeping inflation and interest-rate concerns alive.
Spot gold rose 0.3% to $4,067.60 per ounce by 0858 a.m. EDT (1258 GMT). U.S gold futures gained 0.2% to $4,075.80.
Oil extended gains as the U.S. said it had begun a new wave of strikes against Iranian military installations on Wednesday, aiming to limit Tehran's ability to strike commercial shipping in the Strait of Hormuz.
Brent ?futures gained 18 cents, or 0.2%, to $84.91 a barrel at 1214 GMT. West Texas Intermediate futures rose 26 cents, ?or 0.3%, to $79.60 a barrel.