Posted at 15 July 2025 / Categories Market Roundups
Market Roundup
• German ZEW Current Conditions (Jul) -59.5, -65.5 forecast, -72.0 previous
• German ZEW Economic Sentiment (Jul) 52.7, 50.8 forecast, 47.5 previous
•EU Industrial Production (YoY) (May)3.7%, 2.9% forecast,.2% previous
•EU Industrial Production (MoM) (May) 1.7%, 1.1%forecast,-2.2% previous
•EU ZEW Economic Sentiment (Jul) 36.1, 37.8 forecast ,35.3 previous
Looking Ahead Economic Data(GMT)
•12:30 US Core CPI (MoM) (Jun): 0.3% forecast, 0.1% previous
•12:30 US Core CPI (YoY) (Jun): 3.0% forecast, 2.8% previous
•12:30 US Core CPI Index (Jun): 326.85
•12:30 US CPI (MoM) (Jun): 0.3% forecast, 0.1% previous
•12:30 US CPI (YoY) (Jun): 2.6% forecast, 2.4% previous
•12:30 US CPI Index, n.s.a. (Jun): 321.46 previous
•12:30 US CPI Index, s.a. (Jun): 320.58 previous
•12:30 US CPI, n.s.a. (MoM) (Jun): 0.21% previous
•12:30 US NY Empire State Manufacturing Index (Jul): -8.30 forecast, -16.00 previous
•12:30 US Real Earnings (MoM) (Jun): 0.3% previous
•12:30 Canada Common CPI (YoY) (Jun): 2.7% forecast, 2.6% previous
•12:30 Canada Core CPI (YoY) (Jun): 2.5% previous
•12:30 Canada Core CPI (MoM) (Jun): 0.6% previous
•12:30 Canada CPI (YoY) (Jun): 1.9% forecast, 1.7% previous
•12:30 Canada CPI (MoM) (Jun): 0.1% forecast, 0.6% previous
•12:30 Canada Manufacturing Sales (MoM) (May): -1.2% forecast, -2.8% previous
•12:30 Canada Median CPI (YoY) (Jun): 3.0% forecast, 3.0% previous
•12:30 Canada New Motor Vehicle Sales (MoM) (May): 195.7K previous
•12:30 Canada Trimmed CPI (YoY) (Jun): 3.0% forecast, 3.0% previous
•12:55 US Redbook (YoY): 5.9% previous
•13:00 French 12-Month BTF Auction: 1.892% previous
•13:00 French 3-Month BTF Auction: 1.924% previous
•13:00 French 6-Month BTF Auction: 1.903% previous
•15:00 US Cleveland CPI (MoM) (Jun) 0.2% previous
Looking Ahead Events And Other Releases(GMT)
•13:15 USFOMC Member Bowman Speaks
•17:00 USFOMC Member Barkin Speaks
•18:45 US Fed Collins Speaks
•20:00 UK BoE Gov Bailey Speaks
Currency Forecast
EUR/USD: The euro steadied against the dollar on Tuesday as investors awaited U.S. inflation data due later in the day that could give clues on the Federal Reserve's interest rate path. U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Federal Reserve cautious about resuming its interest rate cuts.The Consumer Price Index report from the Labor Department on Tuesday is expected to show a rebound in gasoline prices and higher costs for some tariff-sensitive goods last month. Inflation readings from February through May were on the soft side, leading to demands by President Donald Trump for the U.S. central bank to lower borrowing costs. 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 edged higher against the dollar on Tuesday as investors looked ahead to key U.S. inflation data and a speech by Bank of England Governor Andrew Bailey later in the day.Investors are closely watching U.S. consumer inflation data due later on Tuesday, as it is expected to play a pivotal role in shaping expectations for the Federal Reserve’s next policy moves in the coming meetings.Investors are also eyeing Wednesday’s UK CPI report, which is forecast to show another uptick in inflation, adding to concerns over persistent price pressures. BoE Governor Andrew Bailey and Finance Minister Rachel Reeves will deliver the annual “Mansion House” address to London’s financial sector later on Tuesday. 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).
AUD/USD: The Australian dollar edged higher on Tuesday as investors digested mixed Chinese GDP data and looked ahead to the upcoming U.S. inflation report.Data on Tuesday showed China's gross domestic product (GDP) grew 5.2% in the April-June quarter from a year earlier, easing from 5.4% in the first quarter. Retail sales, a key measure of consumption, rose 4.8% in June, down from 6.4% in May and below analysts' expectations of a 5.4% increase.Investors are now shifting their attention to the U.S. consumer price data for June, due at 12:30 GMT on Tuesday. Forecasts point to an increase in annual headline inflation to 2.7%, up from 2.4% in May, while core inflation is expected to rise to 3.0% from 2.8%.Meanwhile, Australia is set to release its employment report on Thursday. Markets expect a gain of 20,000 jobs with the unemployment rate holding steady at 4.1%. Immediate resistance can be seen at 0.6600(Psychological level), an upside break can trigger rise towards 0.6698(23.6%fib).On the downside, immediate support is seen at 0.6544(38.2%fib), a break below could take the pair towards 0.6488(July 7th low).
USD/JPY: The U.S. dollar edged higher against the yen but gains were limited as investors remained cautious ahead of key upcoming events. Markets are closely watching Tuesday's release of U.S. consumer price data for June, seeking clues on whether recent tariff measures are fueling inflation. The data is expected to play a crucial role in shaping expectations for the Federal Reserve's policy stance in the second half of the year.Political developments in Japan are also adding to the cautious mood. Voters head to the polls Sunday for a nationwide upper house election, with analysts warning that the ruling Liberal Democratic Party (LDP) may fall short of a majority. A weak result could force the pro-business LDP to seek coalition partners to retain control, introducing fresh political uncertainty to markets. 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 shares inched higher on Tuesday, buoyed by improved investor sentiment after U.S. President Donald Trump signaled a willingness to negotiate tariffs with the European Union.
At GMT (12:22) UK's benchmark FTSE 100 was last trading up at 0.02 percent, Germany's Dax was up by 0.17 percent, France’s CAC was up by 0.08 percent.
Commodities Recap
Gold prices firmed on Tuesday as concerns over the global trade war fuelled demand for safe-haven assets, while investors awaited a key U.S. inflation reading.
Spot gold rose 0.4% to $3,354.84 per ounce, by 1153 GMT. U.S. gold futures were up 0.1% at $3,363.40
Oil prices were little changed on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns.
Brent crude futures were up 1 cent at $69.22 a barrel by 1201 GMT. U.S. West Texas Intermediate crude futures fell 7 cents to $66.91.