Posted at 15 May 2025 / Categories Market Roundups
Market Roundup
• US Continuing Jobless Claims: 1,881K, 1,890K forecast, 1,872K previous.
• US Core PPI (YoY) (Apr): 3.1%, 3.1% forecast, 4.0% previous.
• US Core PPI (MoM) (Apr): -0.4%, 0.3% forecast, 0.4% previous.
• US Core Retail Sales (MoM) (Apr): 0.1%, 0.3% forecast, 0.8% previous.
• US Initial Jobless Claims: 229K, 229K forecast, 229K previous.
• US Jobless Claims 4-Week Avg.: 230.50K, 227.25K previous.
• US NY Empire State Manufacturing Index (May): -9.20, -8.20 forecast, -8.10 previous.
• US Philadelphia Fed Manufacturing Index (May): -4.0, -11.3 forecast, -26.4 previous.
• US Philly Fed Business Conditions (May): 47.2, 6.9 previous.
• US Philly Fed CAPEX Index (May): 27.00, 2.00 previous.
• US Philly Fed Employment (May): 16.5, 0.2 previous.
• US Philly Fed New Orders (May): 7.5, -34.2 previous.
• US Philly Fed Prices Paid (May): 59.80, 51.00 previous.
• US PPI (MoM) (Apr): -0.5%, 0.2% forecast, 0.0% previous.
• US PPI (YoY) (Apr): 2.4%, 2.5% forecast, 3.4% previous.
• US PPI ex. Food/Energy/Transport (YoY) (Apr): 2.9%, 3.5% previous.
• US PPI ex. Food/Energy/Transport (MoM) (Apr): -0.1%, 0.2% previous.
• US Retail Control (MoM) (Apr): -0.2%, 0.3% forecast, 0.5% previous.
• US Retail Sales (MoM) (Apr): 0.1%, 0.0% forecast, 1.7% previous.
• US Retail Sales (YoY) (Apr): 5.16%, 5.25% previous.
• US Retail Sales Ex Gas/Autos (MoM) (Apr): 0.2%, 1.1% previous.
•Canada Manufacturing Sales (MoM) (Mar): -1.4%, -1.8% forecast, -0.2% previous.
•Canada Wholesale Sales (MoM) (Mar): 0.2%, -0.4% forecast, 1.0% previous.
• US Capacity Utilization Rate (Apr): 77.7%, 77.8% forecast, 77.8% previous.
• US Industrial Production (YoY) (Apr): 1.49%, 1.33% previous.
• US Industrial Production (MoM) (Apr): 0.0%, 0.2% forecast, -0.3% previous.
• US Manufacturing Production (MoM) (Apr): -0.4%, -0.2% forecast, 0.4% previous.
• US Business Inventories (MoM) (Mar): 0.1%, 0.2% forecast, 0.2% previous.
• US NAHB Housing Market Index (May): 34, 40 forecast, 40 previous.
• US Retail Inventories Ex Auto (Mar): 0.4%, 0.4% forecast, 0.1% previous.
• US Natural Gas Storage: 110B, 111B forecast, 104B previous.
• US 4-Week Bill Auction: 4.220%, 4.225% previous.
• US 8-Week Bill Auction: 4.235%, 4.225% previous.
Looking Ahead Economic Data(GMT)
•22:30 New Zealand Business NZ PMI (Apr): 53.2 forecast, 53.2 previous.
•23:50 Japan GDP (YoY) (Q1): -0.2% forecast, 2.2% previous.
•23:50 Japan GDP (QoQ) (Q1): -0.1%, 0.6% previous.
•23:50 Japan GDP Capital Expenditure (QoQ) (Q1): 0.8%, 0.6% previous.
•23:50 Japan GDP External Demand (QoQ) (Q1): -0.6%, 0.7% previous.
•23:50 Japan GDP Price Index (YoY) (Q1): 3.2%, 2.9% previous.
•23:50 Japan GDP Private Consumption (QoQ) (Q1): 0.1%, 0.0% previous.
Looking Ahead Events And Other Releases(GMT)
•04:00 Japan BoJ Board Member Nakamura Speaks
Currency Summaries
EUR/USD: The euro edged higher against dollar on Thursday following a series of economic releases, including retail sales data that signaled a slowdown in consumer spending for April. The softer figures reflected growing caution among consumers amid an uncertain economic outlook, adding to concerns about the strength of the U.S. recovery. U.S. retail sales rose by 0.1% in April, following a revised 1.7% gain in March, according to the Commerce Department. The result slightly beat expectations for no change. Meanwhile, the Labor Department reported that producer prices fell 0.5% in April, marking a sharper decline than anticipated, after an upward revision left March’s reading flat. The dollar index , which measures the greenback against a basket of currencies, fell 0.11% to 100.89 after falling as much as 0.43% on the session, the euro was up 0.02% at $1.1176.Immediate resistance can be seen at 1.1263(38.2%fib), an upside break can trigger rise towards 1.1392(May 6th high).On the downside, immediate support is seen at 1.1065(50%fib), a break below could take the pair towards 1.1000(Psychological level).
GBP/USD: The British pound strengthened against the U.S. dollar on Thursday after a wave of economic data pointed to a cooling US economy. Data showed U.S. retail sales growth slowed in April, while a separate report showed producer prices unexpectedly fell last month. The greenback rose over 1% on Monday after the U.S. and China agreed to a 90-day tariff pause, easing recession fears. Amid easing trade tensions, markets have reduced expectations for Federal Reserve rate cuts this year, now pricing a 75.4% chance of a 25 basis point cut at the September meeting, down from expectations for a July. On Thursday, Fed Chair Jerome Powell highlighted that policymakers are re-evaluating their approach to jobs and inflation in light of recent inflation trends, without commenting directly on monetary policy or the economic outlook. Immediate resistance can be seen at 1.335(23.6%fib), an upside break can trigger rise towards 1.3414(Higher BB).On the downside, immediate support is seen at 1.3174(50%fib), a break below could take the pair towards 1.3015(61.8%fib).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Thursday as U.S. economic data fueled speculation the Federal Reserve will resume interest rate cuts in the coming months. U.S. data showed producer prices unexpectedly declined in April, and retail sales growth slowed. Earlier, consumer prices also came in below expectations, signaling easing inflation pressures. Oil, a key Canadian export, fell 2.4% to $61.62 per barrel on hopes of a U.S.-Iran nuclear deal that could boost global supply. Domestic data showed, Canadian housing starts surged 30%, but home sales remained weak. March data showed factory sales was down 1.4%, while wholesale trade edged up 0.2%. The loonie was trading 0.02% higher at 1.3960 per U.S. dollar, after trading in a range of 1.3960 to 1.4004. Immediate resistance can be seen at 1.4001(50%fib), an upside break can trigger rise towards 1.4119(61.8%fib).On the downside, immediate support is seen at 1.3883(38.2%fib), a break below could take the pair towards 1.3750 (23.6%fib)
USD/JPY: The U.S. dollar eased against the yen on Thursday as dollar weakened on soft U.S. economic data. Data showed U.S. producer prices unexpectedly fell in April, while retail sales growth slowed. Earlier this week, a report showed consumer prices rose less than expected in April. Looking ahead, Japan's Q1 GDP data is scheduled for release on Friday and is expected to draw significant market attention. The figures will provide a fresh snapshot of the country's economic health amid global uncertainty and domestic challenges. Meanwhile, Bank of Japan board member Toyoaki Nakamura is scheduled to speak. Markets will closely monitor his comments for any guidance on future monetary policy direction, especially in light of the weak GDP print. Investors will be looking for clues on whether the BOJ remains committed to gradual policy normalization or could shift tone amid softer growth signals.. Immediate resistance can be seen at 147.55 (38.2%fib)an upside break can trigger rise towards 148.48(My 12th high) .On the downside, immediate support is seen at 145.95(50%fib)a break below could take the pair towards 144.53(61.8%fib)
Equities Recap
European markets staged a late-session rebound on Thursday, closing in positive territory after a weak start.
UK's benchmark FTSE 100 closed up by 0.57 percent, Germany's Dax ended up by 0.72 percent, France’s CAC finished the day up by 0.21 percent.
Wall Street closed mixed on Thursday, as Cisco rose on a strong outlook, while UnitedHealth dragged markets lower amid news of a criminal probe into the company.
Dow Jones closed up by 0.65% percent, S&P 500 closed up by 0.41% percent, Nasdaq settled down by 0.18% percent.
Commodities Recap
Gold climbed over 1% on Thursday, boosted by a weaker dollar, disappointing U.S. data, and safe-haven demand after President Putin skipped peace talks.
Spot gold rose 1.3% to $3,218.89 an ounce by 1351 ET (17:51 GMT) after hitting a more than one-month low earlier in the session.
Oil prices fell on Thursday amid hopes that a U.S.-Iran nuclear deal may ease sanctions and increase global supply.
Brent crude futures settled down $1.56, or 2.36%, to $64.53 a barrel. U.S. West Texas Intermediate crude futures settled down $1.53, or 2.42%, to $61.62.