Posted at 18 July 2025 / Categories Market Roundups
Market Roundup
•US Core Retail Sales (MoM) (Jun): 0.5%, 0.3% forecast, -0.2% previous
•US Export Price Index (YoY) (Jun): 2.8%, 1.9% previous
•US Export Price Index (MoM) (Jun): 0.5%, 0.0% forecast, -0.6% previous
•US Import Price Index (MoM) (Jun): 0.1%, 0.3% forecast, -0.4% previous
•US Import Price Index (YoY) (Jun): -0.2%, -0.2% previous
•US Initial Jobless Claims: 221K, 233K forecast, 228K previous
•US Jobless Claims 4-Week Avg: 229.50K , 235.75K previous
•US Philadelphia Fed Manufacturing Index (Jul): 15.9, -1.2 forecast, -4.0 previous
•US Philly Fed Business Conditions (Jul): 21.5, 18.3 previous
•US Philly Fed CAPEX Index (Jul): 17.10, 14.50 previous
•US Philly Fed Employment (Jul): 10.3, -9.8 previous
•US Philly Fed New Orders (Jul): 18.4, 2.3 previous
•US Philly Fed Prices Paid (Jul): 58.80, 41.40 previous
•US Retail Control (MoM) (Jun): 0.5%, 0.3% forecast, 0.2% previous
•US Retail Sales (MoM) (Jun): 0.6%, 0.1% forecast, -0.9% previous
•US Retail Sales (YoY) (Jun): 3.92%, 3.29% previous
•US Retail Sales Ex Gas/Autos (MoM) (Jun): 0.6%, 0.0% previous
•Canada Foreign Securities Purchases (May): -2.79B, -7.32B forecast, -9.46B previous
•Canada Foreign Securities Purchases by Canadians (May): 13.370B, 4.070B previous
•US Business Inventories (MoM) (May): 0.0%, 0.0% forecast, 0.0% previous
•US NAHB Housing Market Index (Jul): 33, 33 forecast, 32 previous
•US Retail Inventories Ex Auto (May): 0.2%, 0.2% forecast, 0.2% previous
•US Natural Gas Storage: 46B, 44B forecast, 53B previous
•US 4-Week Bill Auction: 4.230%, 4.235% previous
•US 8-Week Bill Auction: 4.270%, 4.275% previous
•US Atlanta Fed GDPNow (Q2): 2.4%, 2.6% forecast, 2.6% previous
Looking Ahead Economic Data (GMT)
•23:30 Japan CPI, n.s.a (MoM) (Jun) 0.3% previous
•23:30 Japan National Core CPI (YoY) (Jun) 3.4% forecast, 3.7% previous
•23:30 Japan National CPI (MoM) (Jun) 0.3% previous
•23:30 Japan National CPI (YoY) (Jun) 3.5% previous
Looking Ahead Events And Other Releases(GMT)
•16:45 US FOMC Member Daly Speaks
•17:30 US Fed Governor Cook Speaks
Currency Summaries
EUR/USD: The euro edged lower against the dollar on Thursday as batch of upbeat U.S. economic data including solid retail sales boosted . Data on jobless claims showed that the number of Americans filing new applications for unemployment benefits fell last week, pointing to steady job growth so far in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring.U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.The euro was last down 0.14% at $1.1625. 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 lower against the U.S. dollar on Thursday as dollar was boosted following the latest U.S. data. after U.S. data showed retail sales rebounded more than expected in June and first-time applications for unemployment benefits dropped to a three-month low last week.Earlier in the week, a report showed consumer prices increased by the most in five months in June, suggesting tariffs were starting to have an impact on inflation. Investors have been watching for signs of whether Trump's tariff policies are starting to permeate the U.S. economy. The Federal Reserve has indicated it will hold off on interest rate cuts until it can see the inflationary impact of higher import taxes. This was reiterated on Thursday by Fed Governor Adriana Kugler, who said rate cuts are on hold for now, as Trump's tariffs begin to push up consumer prices.Traders now peg the odds of a September rate cut at around 54%, with a July move nearly ruled out 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 weakened against the U.S. dollar on Thursday as a batch of strong U.S. data increased the appeal for dollar. Data on jobless claims showed that the number of Americans filing new applications for unemployment benefits fell last week, pointing to steady job growth so far in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring.U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.The price of oil , one of Canada's major exports, rose 1.2% to $67.16 a barrel, supported by low inventories and renewed Middle East risks.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 strengthened on Thursday as greenback was buoyed by robust U.S. retail sales and stable weekly jobless claims, which helped lift the currency’s performance worldwide. U.S. jobless claims fell last week, pointing to steady job growth in July, while retail sales data beat expectations, adding 0.6% last month, though some of the gain likely reflected tariff-driven price increases. Fed Governor Adriana Kugler said the Fed should not cut interest rates "for some time" as the impact of Trump administration tariffs begins to pass through to prices. On the trade front, Japan's top trade negotiator held talks with the U.S. Commerce Secretary on U.S. tariffs, as Tokyo races to avert a 25% levy that will be imposed unless a deal is clinched by an August 1 deadline. Immediate resistance can be seen at 149.50(38.2%fib)an upside break can trigger rise towards 150.00(Psychological level) .On the downside, immediate support is seen at 147.25(50%fib)a break below could take the pair towards 146.91(SMA 20).
Equities Recap
European equities broke a four-session losing streak on Thursday, lifted by strong earnings from industrial giants ABB and Legrand.
UK's benchmark FTSE 100 closed up by 1.51 percent, Germany's Dax ended up by 0.52 percent, France’s CAC finished the day down by 1.29 percent.
The S&P 500 and Nasdaq closed at record highs on Thursday, driven by solid economic data and earnings that pointed to resilient consumer spending.
Dow Jones closed up by 0.52% percent, S&P 500 closed up by 0.54% percent, Nasdaq settled up by 0.75% percent.
Commodities Recap
Oil prices settled $1 higher after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region.
U.S. crude settled up 1.75%, or $1.16 at $67.54 per barrel and Brent settled at $69.52 a barrel, up 1.46%, or $1.00.
Gold prices were lower after the upbeat U.S. economic data aided the Fed’s cautious stance on rate cuts.
Spot gold fell 0.22% to $3,338.89 an ounce. U.S. gold futures fell 0.35% to $3,340.80 an ounce.