FxWirePro: EUR/ NZD gains some upside momentum but still bearish 
Market Roundup
• Spanish PPI (YoY) (Apr)8.3%,3.1% previous
•Italian 2-Year CTZ Auction 2.730%,2.800% previous
•UK CBI Distributive Trades Survey (May)-46,-52 forecast, -68 previous
Looking Ahead Economic Data (GMT)
• 12:30 Canada Manufacturing Sales (MoM) (Apr) 3.0% previous
• 12:30 US Chicago Fed National Activity (Apr) -0.20 previous
• 13:00 US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Mar)0.4% previous
• 13:00 US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Mar) 0.9% previous
• 13:00 French 12-Month BTF Auction 2.642% previous
• 13:00 French 3-Month BTF Auction 2.250% previous
• 13:00 French 6-Month BTF Auction 2.412% previous
• 13:00 US House Price Index (YoY) (Mar) 1.7% previous
• 13:00 US House Price Index (Mar) 441.4 previous
• 13:00 US S&P/CS HPI Composite - 20 s.a. (MoM) (Mar) -0.1% previous
• 13:00 US House Price Index (MoM) (Mar) 0.1% previous
•15:00 US CB Consumer Confidence (May) 91.9 forecast, 92.8 previous
•15:30 US Dallas Fed Mfg Business Index (May)-2.3 previous
•16:30 US 3-Month Bill Auction 3.600% previous
•16:30 US 6-Month Bill Auction 3.615% previous
•18:00 US 2-Year Note Auction 3.812% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro dipped against dollar on Tuesday as investor hopes of an imminent deal to reopen the crucial Strait of Hormuz and end the Iran war were dented by fresh U.S. attacks on Iranian targets and comments that reaching an agreement may take some time.Comments from U.S. Secretary of State Marco Rubio on Tuesday that negotiating a deal with Iran could "take a few days," a day after U.S. forces conducted what Washington called defensive strikes in southern Iran, tempered that market optimism.The prospect of a peace deal has kept oil prices below $100 a barrel, eased pressure on emerging-market currencies, and boosted risk sentiment slightly this week.The euro eased slightly to $1.163 on Tuesday after rising 0.3% on Monday.Immediate resistance can be seen at 1.1648(May 25th high), an upside break can trigger rise towards 1.1693(SMA 20).On the downside, immediate support is seen at 1.1577(23.6%fib), a break below could take the pair towards 1.1561(Lower BB).
GBP/USD: The pound slipped on Tuesday after optimism about an Iran peace deal was tempered by U.S. attacks on Iranian targets and comments from Secretary of State Marco Rubio that talks could still take a few days. Markets have dealt with conflicting headlines on the talks in recent days, as they have throughout the conflict. On Saturday U.S. President Donald Trump said a deal was "largely negotiated", before rowing back his comments the following day. Most recently, Rubio said on Tuesday that a deal could "take a few days", denting hopes for an imminent end to the conflict. Sterling has wavered throughout the war, largely as investors have bought and sold the safe-haven U.S. dollar on the back of developments in peace talks. Immediate resistance can be seen at 1.3505(SMA 20), an upside break can trigger rise towards 1.3526(50%fib).On the downside, immediate support is seen at 1.3473(Daily low), a break below could take the pair towards 1.3382(61.8%fib).
AUD/USD: Australian eased against dollar on Tuesday as renewed U.S. military strikes on Iran cast doubt on a peace deal and tempered a rally in risk assets.Investors also monitored reports that Iranian officials were holding talks with Qatari representatives over a possible peace agreement with the United States, although expectations for a quick breakthrough remained limited.Attention now turns to Australia’s April monthly CPI data due Wednesday and Q1 capital expenditure figures scheduled for Thursday, both of which could influence expectations for the Reserve Bank of Australia’s policy outlook.Median forecasts are for a 0.6% monthly rise in the CPI. That would pull the annual pace back a touch to 4.4% from 4.6%, though mostly because of a government tax break on petrol. Estimates are unusually wide at 4.1% to 4.8%, suggesting the risk of a surprise is considerable.The key trimmed mean measure of core inflation is seen rising 0.3% in April, nudging the annual pace up to 3.4% from 3.3%. Forecasts are narrower at 3.3% to 3.5%. Immediate resistance can be seen at 0.7178(38.2%fib), an upside break can trigger rise towards 0.7189(SMA 20).On the downside, immediate support is seen at 0.7104(Lower BB), a break below could take the pair towards 0.7088(50%fib).
USD/JPY: The U.S. dollar gained some traction against yen on Tuesday as investors awaited fresh developments from the Middle East and new trading flows following the return of major financial centres.Market sentiment stayed fragile after fresh U.S. military strikes in southern Iran, while conflicting signals from President Donald Trump on Iran policy kept traders wary.Japan's core consumer inflation rate excluding one-off factors, as measured by the central bank's new gauge, hit 2.8% in April, exceeding its 2% target and accelerating from 2.5% in March, the Bank of Japan said on Tuesday. The new index, which strips out institutional factors such as education and energy-related subsidies, showed a much faster year-on-year rise than the 1.4% rate in the benchmark core consumer price index figure the government announced last week. Immediate resistance can be seen at 159.30(38.2%fib) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.23(SMA 20) a break below could take the pair towards 157.78(50%fib ).
Equities Recap
European stock indexes gave up some recent gains on Tuesday and oil prices rose after new U.S. strikes in southern Iran dampened investors' hopes that a U.S.-Iran peace deal could be imminent.
UK's benchmark FTSE 100 was down by 0.46 percent, Germany's Dax was up by 0.49 percent, France’s CAC was down by 0.71 percent.
Commodities Recap
Gold slipped on Tuesday as U.S. strikes in Iran pushed Brent prices higher, stoking inflation worries and clouding the outlook for U.S. interest rates.
Spot gold was down 0.7% at $4,537.10 per ounce, as of 1052 GMT. U.S. gold futures for June delivery was unchanged at $4,536.80.
Brent crude oil rose more than 2% on Tuesday after the U.S. military carried out strikes in Iran, adding to uncertainty on whether a deal will be imminently reached to end the war and open up shipping flows through the Strait of Hormuz.
Global benchmark Brent was up $2.43, or 2.5%, to $98.57 a barrel as of 1122 GMT, after settling 7% lower in the previous session. U.S. West Texas Intermediate was down $4.36, or 4.5%, from Friday's close, at $92.24.
