Posted at 14 July 2025 / Categories Market Roundups
Market Roundup
•Canada Wholesale Sales (MoM) (May) 0.1%, -0.4%forecast,-2.2% previous
•US 3-Month Bill Auction 4.245%,4.255% previous
•US 6-Month Bill Auction 4.125%,4.145% previous
Looking Ahead Economic Data(GMT)
•00:30 Australia Westpac Consumer Sentiment (Jul) 0.5% previous
•02:00 China Fixed Asset Investment (YoY) (Jun): 3.6% forecast, 3.7% previous
•02:00 China GDP (YoY) (Q2): 5.4% forecast, 5.0% previous
•02:00 China GDP (QoQ) (Q2): 0.9% forecast, 1.2% forecast
•02:00 China GDP YTD (YoY) (Q2): 5.1% forecast, 5.4% previous
•02:00 China Industrial Production (YoY) (Jun): 5.6% forecast, 5.8% previous
•02:00 China Industrial Production YTD (YoY) (Jun): 6.3% previous
•02:00 China Retail Sales (YoY) (Jun): 5.2% forecast, 6.4% previous
•02:00 China Retail Sales YTD (YoY) (Jun): 4.06% previous
•02:00 China Unemployment Rate (Jun): 5.0% forecast, 5.0% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD: The euro dipped against dollar on Monday as investors grew uneasy over the slow pace of trade talks between Washington and Brussels.Trump on Saturday announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site. EU Commission chief Ursula von der Leyen said the bloc will pursue talks while readying retaliatory steps. French President Macron called for a firm defense of EU interests, possibly using anti-coercion tools. Germany’s Finance Minister Lars Klingbeil said the EU must act decisively if talks fail. The latest salvo from Trump and the dilemma over how to respond could test the unity of EU member states, with France adopting a tougher stance than Germany the bloc’s export-reliant industrial heavyweight. Immediate resistance can be seen at 1.1828(23.6%fib ), an upside break can trigger rise towards 1.1877(Higher BB).On the downside, immediate support is seen at 1.1616(38.2%fib), a break below could take the pair towards 1.1500(June 16th low).
GBP/USD: Sterling dipped against dollar on Monday as stronger dollar and dovish comments from BoE chief weighed on pound. The Bank of England is prepared to implement deeper interest rate cuts if the labour market begins to weaken, Governor Andrew Bailey said in an interview with The Times. Bailey stated, “I really do believe the path is downward” in reference to future interest rate moves. .UK Inflation and jobs data due later this week could shape expectations for the central bank’s next policy move. Traders expect the BoE to cut rates to 4% in August, with markets also anticipating a second cut before the end of 2025.Immediate resistance can be seen at 1.3597(38.2%fib), an upside break can trigger rise towards 1.3680(July 4th high).On the downside, immediate support is seen at 1.3448(50%fib), a break below could take the pair towards 1.3381(Lower BB).
USD/CAD: The Canadian dollar was largely unchanged against the U.S. dollar on Monday, as stronger-than-expected domestic jobs data helped offset lingering trade uncertainty. Markets are now focused on Tuesday’s inflation report, which is expected to play a crucial role in shaping the Bank of Canada's upcoming policy decision.Data released Friday showed that Canada added significantly more jobs than anticipated in June, reinforcing expectations that the BoC will hold its benchmark interest rate steady at 2.75% on July 30. Following the report, market-implied odds of a rate cut fell to 13%, down from 27% prior to the data.Canada’s June Consumer Price Index (CPI) is forecast to show annual inflation accelerating to 1.9% from 1.7% in May. Immediate resistance can be seen at 1.3730(July 11th high), an upside break can trigger rise towards 1.3795(50%fib).On the downside, immediate support is seen at 1.3672(38.2%fib), a break below could take the pair towards 1.3563(Lower BB).
USD/JPY: The U.S. dollar edged higher against yen on Monday as market sentiment brightened following remarks from U.S. President Donald Trump, who expressed willingness to negotiate with the European Union and other trading partners before the planned tariff increases set for August 1.Trade talks are still under way with the European Union, Canada and Mexico, White House economic adviser Kevin Hassett told reporters. Markets will get a clearer view of how President Trump’s latest trade measures are filtering through the economy this week, with a series of high-impact U.S. data releases on tap.The spotlight will be on Tuesday’s consumer price index (CPI) report, which is expected to show an uptick in June inflation as businesses begin to pass on the cost of newly imposed tariffs. Immediate resistance can be seen at 147.43(Higher BB)an upside break can trigger rise towards 148.67(61.8%fib) .On the downside, immediate support is seen at 145.58(50%fib)a break below could take the pair towards 144.26(Jul 7th low).
Equities Recap
European indices slipped modestly on Monday, as concerns over potential U.S. tariffs on EU goods weighed on automakers.
UK's benchmark FTSE 100 closed up by 0.64 percent, Germany's Dax ended down by 0.39 percent, France’s CAC finished the day down by 0.27 percent.
Wall Street ended slightly higher on Monday as investors shrugged off Trump's latest tariff threats and stayed cautious ahead of a packed week of economic data and the start of earnings season.
Dow Jones closed up by 0.20% percent, S&P 500 closed up by 0.14% percent, Nasdaq settled up by 0.27% percent.
Commodities Recap
Gold eased slightly after touching a three-week high on Monday, as markets turned their focus to trade talks and upcoming U.S. economic data.
Spot gold was down 0.1% at $3,350.97 per ounce, as of 0144 p.m. EDT (1744 GMT), after reaching its highest point since June 23 earlier.U.S. gold futures settled 0.1% lower at $3,359.1.
Oil prices fell by more than $1 on Monday as investors weighed fresh sanctions threats from U.S. President Donald Trump targeting buyers of Russian crude, adding to concerns over global supply disruptions amid ongoing tariff worries.
Brent crude futures settled $1.15, or 1.63%, lower to $69.21 a barrel. U.S. West Texas Intermediate crude futures lost $1.47, also 2.15%, to $66.98.