Posted at 21 July 2026 / Categories Market Roundups
Market Roundup
•Canada Core CPI (YoY) (Jun) 2.1%, 2.2% previous
•Canada Core CPI (MoM) (Jun) 0.1%, 0.6% previous
•Canada CPI (MoM) (Jun) -0.4%, -0.2% forecast, 1.0% previous
•Canada CPI (YoY) (Jun) 2.8%, 3.2% previous
•Canada Common CPI (YoY) (Jun) 2.6%, 2.5% forecast, 2.7% previous
•Canada Median CPI (YoY) (Jun) 1.9%, 2.1% forecast, 2.1% previous
•Canada Trimmed CPI (YoY) (Jun) 1.8%, 2.0% forecast, 2.0% previous
•France 12-Month BTF Auction 2.749%, 2.701% previous
•France 3-Month BTF Auction 2.437%, 2.410% previous
•France 6-Month BTF Auction 2.554%, 2.540% previous
•US Leading Index (MoM) (Jun) -0.2%, -0.1% forecast, 0.1% previous
•US 3-Month Bill Auction 3.730%, 3.760% previous
•US 6-Month Bill Auction 3.835%, 3.860% previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower on Monday ahead of a European Central Bank meeting this week..Investors largely expect the ECB to keep interest rates unchanged and avoid providing guidance on future policy moves. Money markets priced the ECB deposit rate at 2.66% by December and 2.73% by February 2027, up from the current 2.25%, while fully pricing in a rate hike for September.On the geopolitical front, U.S. strikes on Iran entered a ninth straight day on Monday and risks to shipping through the Strait of Hormuz mounted ?after reports of tankers being immobilized. The economic calendar for the week is light, and Federal Reserve officials are in a "blackout period" of public comments ahead of the central bank's meeting next week.. Immediate resistance can be seen at 1.1497(Higher BB), an upside break can trigger rise towards 1.1526(50%fib).On the downside, immediate support is seen at 1.1437(38.2%fib), a break below could take the pair towards 1.1324(23.6%fib).
GBP/USD: The pound fell against the dollar on Monday as markets assessed the implications of Andy Burnham becoming Britain’s seventh prime minister in a decade.Burnham replaced Keir Starmer, pledging to reshape the country’s politics and introduce a new economic model. He promised to maintain fiscal discipline while tackling homelessness, expanding public housing, and using welfare savings to help fund higher defence spending.Markets appeared open to a more active government approach, provided it supports economic growth without putting further pressure on public finances.The pound had gained support last week after reports suggested the leadership role was likely to go to Shabana Mahmood, a centrist figure, rather than a more left-leaning candidate. 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).
USD/CAD: The Canadian dollar weakened on Monday as investors weighed rising U.S.-Iran tensions in the Middle East and softer-than-expected domestic inflation data. Canada’s annual inflation rate eased to 2.8% in June from a 29-month high of 3.2% in May, driven largely by a sharp decline in gasoline prices. The Bank of Canada’s preferred measures of underlying inflation also moderated, while the Consumer Price Index fell 0.4% month-on-month, according to Statistics Canada.The previous month’s CPI increase to 3.2% had pushed inflation above the Bank of Canada’s 3% upper target for the first time in more than two years.Meanwhile, oil prices settled more than 1% higher after a volatile session, as markets balanced optimism over possible renewed U.S.-Iran talks against concerns about Yemen’s Houthis imposing a naval blockade on Saudi Arabia.Immediate resistance can be seen at 1.4094(38.2%fib), an upside break can trigger rise towards 1.4156(SMA 20).On the downside, immediate support is seen at 1.4018(Lower BB), a break below could take the pair towards 1.3972(50%fib).
USD/JPY: The dollar hovered near a 40-year low against the yen on Monday as escalating U.S.-Iran tensions kept investors cautious.Brent crude surged 3% to above $90 a barrel for the first time in more than a month after the U.S. military launched a ninth consecutive day of strikes against Iran, while Tehran retaliated with attacks across the region.Rising oil prices typically weigh on the yen due to Japan’s heavy dependence on energy imports. However, traders remained cautious about possible Japanese intervention, especially with domestic markets closed for a holiday, as thinner liquidity could give Tokyo an opportunity to support the currency.Meanwhile, Japan’s latest economic policy framework reiterated that monetary policy decisions remain the responsibility of the Bank of Japan, indicating no change in the government’s stance. 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 Monday as escalating tensions in the Middle East fueled inflation concerns ahead of this week’s European Central Bank meeting.
UK's benchmark FTSE 100 closed down by 0.71 percent, Germany's Dax ended up by 0.06 percent, France’s CAC finished the day up by 0.02 percent.
The S&P 500 ended lower on Wednesday after U.S. President Donald Trump said an interim deal ?aimed at ending the war with Iran was "over," while Broadcom led gains among recently battered chip stocks.
Dow Jones closed down by 0.59% percent, S&P 500 closed down by 0.19% percent, Nasdaq settled downby 0.05% percent.
Commodities Recap
Oil prices settled more than 1% higher on Monday after a volatile trading session, as markets weighed optimism over renewed U.S.-Iran negotiations against concerns over Yemen’s Houthis imposing a naval blockade on Saudi Arabia.
Brent crude futures settled $1.12, or around 1.3%, higher at $89.22 a barrel after hitting $91.42 for their highest since June 11.
U.S. West Texas Intermediate crude closed 74 cents, or 0.9%, higher at $83.23 after ?touching its highest level since June 12 at $85.39.
Gold edged lower on Monday as rising energy prices from the escalating U.S.-Iran conflict and uncertainty over the outlook for U.S. interest rates weighed on sentiment.
Spot gold was down 0.2% at $4,007.91 per ounce, as of 2:50 p.m. EDT (1850 GMT). U.S. gold futures for August delivery settled around 0.1% lower at $4,015.90.