Posted at 25 July 2025 / Categories Market Roundups
Market Roundup
• Japan CPI (YoY) (Jul): 1.7%, 1.8% previous
• Japan Tokyo Core CPI (YoY) (Jul): 2.9%, 3.0% forecast, 3.1% previous
• Japan Tokyo CPI (YoY) (Jul): 2.9%, 3.1% previous
• Japan CPI Tokyo Ex Food and Energy (MoM) (Jul): 0.1%, -0.4% previous
• Japan Corporate Services Price Index (CSPI) (YoY): 3.2%, 3.2% forecast, 3.4% previous
• Japan Foreign Bonds Buying: ¥1,641.3B, ¥765.3B previous
• Japan Foreign Investments in Japanese Stocks: ¥571.9B, ¥442.3B previous
•Japan Coincident Indicator (MoM) (May): 0.0%, -0.1% forecast, 0.2% previous
•Japan Leading Index (MoM) (May): 0.6%, 1.1% forecast, -3.4% previous
•Japan Leading Index (May): 104.8, 105.3 forecast, 104.2 previous
•UK Core Retail Sales (MoM) (Jun): 0.6%, 1.2% forecast, -2.9% previous
•UK Core Retail Sales (YoY) (Jun): 1.8%, 2.0% forecast, -1.2% previous
•UK Retail Sales (MoM) (Jun): 0.9%, 1.2% forecast, -2.8% previous
•UK Retail Sales (YoY) (Jun): 1.7%, 1.8% forecast, -1.1% previous
Looking Ahead Economic Data (GMT)
•08:00 Italy Business Confidence (Jul): 87.7 forecast, 87.3 previous
•08:00 Italy Consumer Confidence (Jul): 96.0 forecast, 96.1 previous
•08:00 Germany Business Expectations (Jul): 91.1 forecast, 90.7 previous
•08:00 Germany Current Assessment (Jul): 86.7 forecast, 86.2 previous
•08:00 Germany Ifo Business Climate Index (Jul): 89.0 forecast, 88.4 previous
•08:00 Eurozone M3 Money Supply (YoY) (Jun): 3.7% forecast, 3.9% previous
•08:00 Eurozone M3 Money Supply (Jun): €16,919.7B previous
•08:00 Eurozone Loans to Non-Financial Corporations (Jun): 2.5% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
EUR/USD: Euro eased against dollar on Friday as market sentiment turned cautious as attention shifted to next week’s critical developments, including U.S. President Donald Trump’s August 1 tariff deadline and major central bank meetings, including the Federal Reserve and the Bank of Japan, all of which could influence policy direction and investor positioning. The European Central Bank held its policy rate at 2% on Thursday, pausing a year-long easing cycle as it awaited clarity on U.S.-EU trade relations, with the European Commission signaling a negotiated solution may be within reach before the August 1 deadline. The euro was little changed at $1.174, but not far from $1.183, the near four-year high it touched at the start of the month. The euro is up 13.5% this year as tariff policies take the shine off the dollar. 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 on Friday as investors weighed ongoing U.S. tariff talks ahead of the August 1 deadline and awaited key central bank meetings next week. Investor focus is now on meetings next week at the U.S. Federal Reserve, the Bank of Japan, and the Monetary Authority of Singapore, which will all decide their policy path ahead of the August 1 deadline to strike U.S. trade deals. On the data front, British consumers shopped more in June after a sharp drop in May as hot weather helped to boost the sales of drinks, clothes and car fuel, official figures showed on Friday. Retail sales volumes rose by a month-on-month 0.9%, a partial rebound from May's 2.8% plunge which was the biggest fall since December 2023. 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 1.3439(50%fib), a break below could take the pair towards 1.3381(Lower BB).
AUD/USD: The Australian dollar slipped from an eight-month high against the U.S. dollar on Friday, as investors booked profits ahead of a critical week for global markets. Attention now turns to U.S. President Donald Trump’s August 1 trade deadline , a key juncture that could decide whether fresh tariffs are imposed or negotiations progress.Adding to the uncertainty, investors are bracing for the Federal Reserve’s policy meeting, where officials are expected to shed light on the interest rate outlook and economic trajectory. Domestically, focus shifts to Australia’s Q2 inflation data due Wednesday — a crucial input for the Reserve Bank of Australia’s next policy move. Immediate resistance can be seen at 0.6635(Higher BB), an upside break can trigger rise towards 0.6725(23.6%fib).On the downside, immediate support is seen at 0.6565(Daily low), a break below could take the pair towards 0.6548(SMA 20).
USD/JPY: The dollar edged higher against yen on Friday as investors weighed monetary policy outlook and the fate of embattled Japanese Prime Minister Shigeru Ishiba. U.S. President Donald Trump's trade deal with Tokyo has created room for the Bank of Japan to consider raising interest rates this year. However, any move remains uncertain, with the timing hinging on the economy's ability to weather U.S. tariff pressures. Signaling early optimism, BOJ Deputy Governor Shinichi Uchida said Wednesday that the trade deal boosts the likelihood of Japan sustainably reaching the central bank’s 2% inflation target , a key condition for future rate hikes. Immediate resistance can be seen at 147.24(38.2%fib)an upside break can trigger rise towards 148.00(Psychological level) .On the downside, immediate support is seen at 145.65(50%fib)a break below could take the pair towards 144.11(61.8%fib).
Equities Recap
Asian shares pulled back from recent highs on Friday as investors opted to lock in profits ahead of a high-stakes week packed with global risk events.
China’s A50 was down 0.64% , Hang Seng was down 1.09%, Japan's Nikkei 225 was down 0.84 %%
Commodities Recap
Gold dipped slightly on Friday as easing U.S. trade tensions reduced safe-haven demand, though losses were capped by a weaker dollar.
Spot gold was down 0.2% at $3,360.68 per ounce, as of 0459 GMT. U.S. gold futures fell 0.3% to $3,363.
Oil prices climbed on Friday, buoyed by optimism over global trade talks that bolstered demand outlook, offsetting concerns over a potential rise in Venezuelan supply.
Brent crude futures touched a one-week high and were up 20 cents, or 0.29%, at $69.38 a barrel by 0519 GMT. U.S. West Texas Intermediate crude futures climbed 20 cents, or 0.30%, to $66.23.