Posted at 27 July 2026 / Categories Market Roundups
Market Roundup
• German Business Expectations (Jul) 86.7, 84.3 previous
•German Ifo Business Climate Index (Jul) 86.6, 86.1 forecast, 85.7 previous
•German Current Assessment (Jul) 86.5, 87.0 previous
•Eurozone Loans to Non-Financial Corporations (YoY) (Jun) 4.0%, 4.0% previous
•Eurozone M3 Money Supply (YoY) (Jun) 3.3%, 3.2% forecast, 3.2% previous
•Eurozone M3 Money Supply (Jun) 17,610.9B, 17,552.2B previous
•Eurozone Private Sector Loans (YoY) (Jun) 3.0%, 3.1% forecast, 3.0% previous
•U.S. Core Durable Goods Orders (MoM) (Jun) 0.6%, 0.9% forecast, 1.8% previous
•U.S. Durable Goods Orders (MoM) (Jun) 0.3%, 1.6% forecast, -4.0% previous
•U.S. Durables Excluding Defense (MoM) (Jun) 0.3%, -4.3% previous
•U.S. Goods Orders Non-Defense Ex Air (MoM) (Jun) 0.9%, 1.9% previous
•French 12-Month BTF Auction 2.753%, 2.749% previous
•French 3-Month BTF Auction 2.424%, 2.437% previous
•French 6-Month BTF Auction 2.587%, 2.554% previous
Looking Ahead Events And Other Releases (GMT)
•16:30 US 3-Month Bill Auction 3.730% previous
•16:30 US 6-Month Bill Auction 3.835% previous
•18:00 US 2-Year Note Auction 4.189% previous
Currency Forecast
EUR/USD : The euro edged higher on Monday as dollar eased after the U.S. paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence.The United States pressed pause on its bombing campaign after President Donald Trump's advisers told him they were ?running out of targets and expressed worries about depleting the U.S. arsenal.Iran will halt its own attacks as long ?as the United States does the same, a senior Iranian official told Reuters on Sunday.Focus is also on the Fed meeting on July 28-29, where market participants widely expect rates to be left unchanged. Traders are pricing in a 76% chance of a ?hike in ?September, according to the CME FedWatch Tool.Immediate resistance can be seen at 1.1417(SMA 20), an upside break can trigger rise towards 1.1480(Higher BB).On the downside, immediate support is seen at 1.1391(Daily low), a break below could take the pair towards 1.1358(Lower BB).
GBP/USD :The pound edged higher on Monday as pause in fighting in the Gulf dragged dollar lower.Iran said on Sunday it would halt its own attacks as long as the United States did the same, with the U.S. military reportedly concerned about dwindling supplies of ammunition.Federal Reserve, Bank of England and Bank of Japan are all scheduled to announce monetary policy decisions this week, alongside a heavy calendar of inflation, growth and labour market data.The Bank of England is widely expected to leave interest rates unchanged on Thursday, with markets also pricing in no further moves this year. Nevertheless, policymakers are likely to remain alert to the risk that renewed Middle East tensions and higher energy prices could reignite inflationary pressures. Immediate resistance can be seen at 1.3376(50%fib), an upside break can trigger rise towards 1.3376 (61.8%fib).On the downside, immediate support is seen at 1.3272(38.2%fib), a break below could take the pair towards1.3222(Lower BB).
AUD/USD: The Australian dollar strengthened on Monday as hopes of a de-escalation in Middle East tensions supported risk sensitive Australian dollar. U.S. President Donald Trump reportedly called off planned military strikes, while Iran signaled it would suspend attacks provided the United States refrains from further military action.Oil prices tumbled 4%, easing inflation concerns and reducing fears of supply disruptions.Key events this week include an address by RBA Governor Michele Bullock on Tuesday, followed by Australia's second-quarter CPI data and the Federal Reserve's policy decision on Wednesday.Strong Australian inflation could reinforce expectations of further RBA tightening, while the Fed's guidance will shape the outlook for the U.S. dollar. Immediate resistance can be seen at 0.7026 (Higher BB), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6960(38.2%fib), a break below could take the pair towards 0.6917(July 17th low).
USD/JPY: The U.S. dollar eased on Monday as dollar dipped as oil prices fell after a halt in U.S. attacks on Iran. Oil prices tumbled on Monday after the U.S. paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz. Japan's heavy dependence on Middle Eastern oil imports leaves the economy highly exposed to supply shocks and volatility in crude oil prices.Traders also remain alert to the risk of Japanese currency intervention, although many believe this week's Bank of Japan policy meeting poses the bigger risk for the yen. Immediate resistance can be seen at 163.69 (Daily high) an upside break can trigger rise towards 164.00(Psychological level) .On the downside, immediate support is seen at 162.71(38.2%fib) a break below could take the pair towards 162.50(SMA20).
Equities Recap
European shares rose on Monday as easing U.S.-Iran tensions lowered oil prices and lifted risk sentiment ahead of key U.S. tech earnings.
UK's benchmark FTSE 100 was up by 0.65 percent, Germany's Dax was up by 1.70 percent, France’s CAC was upby 0.87 percent.
Commodities Recap
Oil prices hovered near a one-week low on Monday after the U.S. and Iran paused military strikes over the weekend following two weeks of conflict, boosting hopes for a diplomatic breakthrough that could ease tensions and restore shipping through the Strait of Hormuz.
Brent crude futures fell $5.85, or around 6%, to $90.93 a barrel by 1309 GMT. They fell as low as 9.5% earlier in the session to $87.55 a barrel.
U.S. West Texas Intermediate crude was at $84.33 a barrel, down $4.98, or ?around 5.6% and going as low as 8% earlier in the day to $82.12 a barrel.
Gold prices climbed on Monday as a pause in fighting between the United States and Iran pushed oil prices lower, easing inflation concerns and reducing fears of higher interest rates ahead of this week's Federal Reserve policy meeting.
Spot gold gained 1% to $4,092.87 ?per ounce by 1200 GMT, while U.S. gold futures for August delivery rose 0.7% ?to $4,098.00.