Posted at 30 April 2025 / Categories Market Roundups
Market Roundup
• German Import Price Index (MoM) (Mar) -1.0%,-0.7% forecast, 0.3% previous
•German Import Price Index (YoY) (Mar) 2.1% ,3.6% previous
•German Retail Sales (YoY) (Mar) 2.2%, 0.0% previous
•German Retail Sales (MoM) (Mar) -0.2%, -0.4% forecast, 0.2% previous
•French CPI (MoM) (Apr) 0.5%, 0.4% forecast,0.2% previous
•French CPI (YoY) (Apr) 0.8%, 0.8% forecast, 0.8% previous
•French HICP (YoY) (Apr) 0.8%, 0.7% forecast, 0.9% previous
•French HICP (MoM) (Apr) 0.6%, 0.3% forecast, 0.2% previous
•French PPI (YoY) (Mar) -0.60%, -1.20% previous
•French PPI (MoM) (Mar) -0.6% ,-0.4% previous
•Swiss KOF Leading Indicators (Apr) 97.1 ,101.8 forecast, 103.2 previous
•German Unemployment Change (Apr) 4K ,16K forecast, 26K previous
•German Unemployment Rate (Apr) 6.3% 6.3% 6.3% previous
•German Unemployment (Apr) 2.922M ,2.922M previous
•German Unemployment n.s.a. (Apr) 2.932M, 2.967M previous
•Italian GDP (QoQ) (Q1) 0.3% ,0.2%forecast, 0.2% previous
•Italian GDP (YoY) (Q1) 0.6% ,0.5% previous
•Swiss ZEW Expectations (Apr) -51.6, -10.7 previous
•German CPI (YoY) (Apr) 2.4% ,2.2% previous
•German CPI (MoM) (Apr) 0.5%, 0.2% previous
• German GDP (QoQ) (Q1) 0.2% ,0.2% forecast, -0.2% previous
• German GDP (YoY) (Q1) -0.2%, -0.2% forecast, -0.2% previous
•German CPI (YoY) (Apr) 2.3%, 2.4% previous
•German CPI (MoM) (Apr) 0.5%, 0.4% previous
•German CPI (YoY) (Apr) 1.8% ,1.9% previous
•Italian HICP (YoY) (Apr) 2.1%, 2.3%forecast, 2.1% previous
•Greek PPI (YoY) (Mar) 2.1% ,0.6% previous
•Greek Retail Sales (YoY) (Feb) 4.6% ,2.3% previous
•Greek Unemployment Rate (Mar) 9.0%, 8.6% previous
•EU GDP (YoY) (Q1) 1.2%, 1.0% forecast, 1.2% previous
•EU GDP (QoQ) (Q1) 0.4% ,0.2% forecast, 0.2% previous
•German CPI (MoM) (Apr) 0.4%, 0.3% forecast, 0.3% previous
•German CPI (YoY) (Apr) 2.1%, 2.0% forecast, 2.2% previous
•German HICP (YoY) (Apr) 2.2%,2.1% forecast, 2.3% previous
•German HICP (MoM) (Apr) 0.5%, 0.4% forecast, 0.4% previous
Looking Ahead Economic Data(GMT)
•12:30 US Core PCE Prices (Q1) 2.60% previous
•12:30 US Employment Benefits (QoQ) (Q1) 0.80% previous
•12:30 US Employment Cost Index (QoQ) (Q1) 0.9% forecast, 0.9% previous
•12:30 US Employment Wages (QoQ) (Q1) 0.90% previous
•12:30 US GDP (QoQ) (Q1) 0.2% forecast, 2.4% previous
•12:30 US GDP Price Index (QoQ) (Q1) 3.1% forecast, 2.3% previous
•12:30 US GDP Sales (Q1) 3.3% previous
•12:30 US PCE Prices (Q1) 2.4% previous
•12:30 US Real Consumer Spending (Q1) 4.0% previous
•12:30 Canada GDP (MoM) (Feb) 0.0% forecast, 0.4% previous
•13:00 US Dallas Fed PCE (Mar) 3.00% previous
•13:45 US Chicago PMI (Apr) 45.9 forecast, 47.6 previous
•14:00 US Core PCE Price Index (MoM) (Mar) 0.1% forecast, 0.4% previous
•14:00 US Core PCE Price Index (YoY) (Mar) 2.6% forecast, 2.8% previous
•14:00 US PCE Price Index (YoY) (Mar) 2.2% forecast, 2.5% previous
•14:00 US PCE Price Index (MoM) (Mar) 0.0% forecast, 0.3% previous
•14:00 US Pending Home Sales (MoM) (Mar) 0.9% forecast, 2.0% previous
•14:00 US Pending Home Sales Index (Mar) 72.0 previous
•14:00 US Personal Income (MoM) (Mar) 0.4% forecast, 0.8% previous
•14:00 US Personal Spending (MoM) (Mar) 0.6% forecast, 0.4% previous
•14:00 US Real Personal Consumption (MoM) (Mar) 0.1% previous
•14:30 US Crude Oil Inventories -0.600M forecast, 0.244M previous
Looking Ahead Events And Other Releases (GMT)
•17:30 Canada BOC Summaries of Deliberations
Currency Forecast
EUR/USD: The euro slipped slightly on Wednesday as traders became cautious ahead of key U.S. economic data releases. Attention is on the advance GDP estimate for Q1, expected to show a modest 0.3% annualized growth rate, potentially the weakest since Q2 2022. Markets are also focused on the upcoming U.S. Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation measure, which could influence expectations for future interest rate moves. Data released on Wednesday showed Germany's GDP rose as expected, while France's annual inflation rate in April exceeded forecasts, and French GDP saw a slight increase. The euro was slightly weaker at $1.1383 after dropping 0.33% in the previous session.Immediate resistance can be seen at 1.1425 (April 28th high), an upside break can trigger rise towards 1.1546 (23.6%fib).On the downside, immediate support is seen at 1.1320 (38.2%fib), a break below could take the pair towards 1.1148 (50%fib).
GBP/USD: Sterling dipped on Wednesday greenback firmed ahead of key U.S. economic data. Investors are focusing on upcoming U.S. economic data, including the personal consumption expenditures (PCE) report later today and the non-farm payrolls report on Friday, which could provide further insight into the Federal Reserve's interest rate outlook. Meanwhile, Britain aims to ease the impact of U.S. tariffs by securing an economic agreement with the Trump administration to boost tech investment, while also working to remove post-Brexit trade barriers with the EU. Elsewhere, data from mortgage lender Nationwide showed British house prices dropped by 0.6% in April, a sharper decline than expected and the biggest monthly fall in over 18 months. Immediate resistance can be seen at 1.3461(23.6%fib), an upside break can trigger rise towards 1.3572(Higher BB).On the downside, immediate support is seen at 1.3374 (Daily low), a break below could take the pair towards 1.3256 (38.2%fib).
AUD/USD: The Australian dollar strengthened on Wednesday as investors assessed Australian CPI data. The Australian Bureau of Statistics reported a 0.9% rise in CPI for Q1, slightly above the 0.8% forecast, mainly due to a 16.3% surge in electricity prices after some government rebates ended. Australia's trimmed mean core inflation rose 0.7% in Q1, above the 0.6% forecast, but the annual rate slowed to a three-year low of 2.9%, back within the RBA's 2–3% target range for the first time since late 2021. The Reserve Bank of Australia is expected to cut its cash rate by 25 basis points to 3.85% in May, with markets predicting further easing to 2.85% by year-end. At GMT 12:22, The Australian dollar was last trading up 0.13% to 0.6392.Immediate resistance can be seen at 0.6454 ( 23. 6%fib), an upside break can trigger rise towards 0.6568 (Higher BB).On the downside, immediate support is seen at 0.6378 (Daily low) , a break below could take the pair towards 0.6346 (38.2%fib).
USD/JPY: The dollar steadied against yen on Wednesday as market focused on Bank of Japan's policy decision. The Bank of Japan is expected to maintain interest rates on Thursday, citing growing risks to the fragile economy, with U.S. tariffs continuing to affect confidence. Trump’s fluctuating tariffs have shaken financial markets, prompting policymakers, including those from Japan, to seek concessions from Washington. At its two-day meeting ending Thursday, the BOJ is widely expected to keep short-term interest rates steady at 0.5%.At GMT 12: 22, the US dollar was last trading up 0. 35% at 142.80 to Japanese yen. Immediate resistance can be seen at 143.11 (50%fib) an upside break can trigger rise towards 144.00 (Psychological level) .On the downside, immediate support is seen at 141. 76 (38.2%fib) a break below could take the pair towards 140. 13 (23.6%fib).
Equities Recap
European shares edged higher on Wednesday as investors evaluated mixed corporate earnings and key economic data, closing out a volatile month shaped by disruptive U.S. trade policy.
At GMT (12:16) UK's benchmark FTSE 100 was last trading up at 0.16 percent, Germany's Dax was up by 0.26 percent, France’s CAC was up by 0.39 percent.
Commodities Recap
Gold prices fell for the second consecutive session on Wednesday, pressured by a stronger dollar and signs of de-escalation in U.S.-China trade tensions, while attention remained on a series of U.S. economic data set for release this week.
Spot gold was down 1.1% at $3,279.51 an ounce as of 1145 GMT. But bullion was on track to log its fourth consecutive monthly gain, up 5% so far in April.
Oil prices extended their decline on Wednesday, heading for their largest monthly drop in almost three and a half years as the global trade war dampened the fuel demand outlook, while concerns over rising supply also weighed on prices.
Brent crude futures were down 63 cents, or 1%, at $63.62 per barrel by 1159 GMT. U.S. West Texas Intermediate crude futures dropped 42 cents, or 0.7%, to $60.00 a barrel.