Posted at 28 July 2025 / Categories Market Roundups
Market Roundup
• Finnish Consumer Confidence (Jul) -6.4, -8.6 previous
• Finnish Industrial Confidence (Jul) -6, -9 previous
Looking Ahead Economic Data(GMT)
• 10:00 Irish GDP (QoQ) (Q2) 7.4% previous
• 10:00 Irish GDP (YoY) (Q2) 20.0% previous
• 10:00 Irish Retail Sales (MoM) (Jun) -0.6% previous
• 10:00 Irish Retail Sales (YoY) (Jun) 1.6% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD :Euro dipped on Monday after trade agreement between the United States and the EU lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of Japan.The U.S. struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods - half the threatened rate, a week after agreeing to a similar tradedeal with Japan.Countries are scrambling to finalise trade deals ahead of an August 1 deadline set by U.S. President Donald Trump, with talks between the U.S. and China set for Monday in Stockholm amid expectations of another 90-day extension to the truce between the world's top two economies. The euro eased 0.1% at $1.1753 after initially rising 0.3%. Immediate resistance can be seen at 1.1808(23.6%fib ), an upside break can trigger rise towards 1.1865(Higher BB).On the downside, immediate support is seen at 1.1616(38.2%fib), a break below could take the pair towards 1.1556(Lower BB).
GBP/USD: Sterling edged lower on Monday as dollar strengthened after news of a framework trade pact stuck between the United States and the European Union. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen said the deal provided for an import tariff of 15% on EU goods, half the rate Trump had threatened from August 1.In an action-packed week, investors will watch out for the monetary policy meetings from the Fed and the BOJ as well as the monthly U.S. employment report.While the Fed and the BOJ are expected to maintain rates, comments from the officials will be crucial for investors to gauge the interest rate path. The trade deal with Japan has opened the door for the BOJ to raise rates again this year. 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 on Monday as the U.S. dollar strengthened following a trade agreement between the United States and the European Union. U.S. President Donald Trump announced that the deal includes a 15% tariff on EU goods entering the U.S., along with substantial EU commitments to buy American energy and military equipment.Attention now turns to Australia’s key quarterly inflation report, due Wednesday, which could shape the outlook for monetary policy. The Reserve Bank of Australia has been closely monitoring the Q2 CPI figures to assess whether inflation is under control. A stronger-than-expected reading could challenge expectations for a rate cut next month. Despite being wrongfooted earlier this month, markets are once again pricing in a near-certain 25 basis point rate cut by the RBA to 3.6% on August 19.. Immediate resistance can be seen at 0.6617(23.6%fib), an upside break can trigger rise towards 0.6635(Higher BB).On the downside, immediate support is seen at 0.6509(38.2%fib), a break below could take the pair towards 0.6467(Lower BB).
USD/JPY: The U.S. dollar strengthened against the yen on Monday as investors reassessed the pace of potential rate hikes by the Bank of Japan. Easing global trade tensions following Sunday’s U.S.-EU agreement provided some relief for BOJ policymakers, supporting the outlook for Japan’s export-driven economy. Markets widely expect the BOJ to keep short-term rates unchanged at 0.5% when its two-day meeting concludes on Thursday. Attention is now focused on the central bank’s quarterly outlook report and Governor Kazuo Ueda’s post-meeting press conference for any clues on the timing of the next rate hike. At GMT 07:15, the US dollar was up 0.43% to 148.27 against the Japanese yen. Immediate resistance can be seen at 149.27(23.6%fib)an upside break can trigger rise towards 149.80(Higher BB) .On the downside, immediate support is seen at 147.85(Daily low)a break below could take the pair towards 146.73(38.2%fib).
Equities Recap
Asian stocks strengthened on Monday after the EU cinched a trade deal with the U.S., avoiding a wider trade war ahead of the August 1 deadline.
South Korea’s KOSPI was up 0.42% , Hang Seng was up 0.70 %, China’s A50 was up 0.19%%
Commodities Recap
Gold prices climbed in choppy trading on Monday as market digested news of trade framework agreement between the United States and the European Union.
Spot gold was up 0.2% at $3,342.73 per ounce, as of 0557 GMT, after touching its lowest level since July 17.U.S. gold futures edged 0.2% higher to $3,342.80.
Oil prices climbed on Monday after the U.S. secured a trade deal with the European Union and signaled a possible extension of the tariff truce with China, easing fears that escalating tariffs could dampen economic growth and curb fuel demand.
Brent crude futures inched up 61 cents, or 0.89%, to $69.05 a barrel by 0647 GMT, while U.S. West Texas Intermediate crude stood at $65.75 a barrel, up 59 cents, or 0.91%.