Posted at 29 July 2025 / Categories Market Roundups
Market Roundup
•US Goods Trade Balance (Jun): -85.99B, -98.30B forecast, -96.59B previous
•US Retail Inventories Ex Auto (Jun): 0.0%, 0.1% forecast
•US Wholesale Inventories (MoM) (Jun): 0.2%, -0.1% forecast, -0.3% previous
•US Redbook (YoY): 4.9%, 5.1% previous
•US House Price Index (YoY) (May): 2.8%, 3.2% previous
•US House Price Index (MoM) (May): -0.2%, -0.1% forecast, -0.3% previous
•US House Price Index (May): 434.4, 435.1 previous
•US S&P/CS HPI Composite - 20 s.a. (MoM) (May): -0.3%, -0.3% previous
•US S&P/CS HPI Composite - 20 n.s.a. (MoM) (May): 0.4%, 0.8% previous
•US S&P/CS HPI Composite - 20 n.s.a. (YoY) (May): 2.8%, 2.9% forecast, 3.4% previous
•US CB Consumer Confidence (Jul): 97.2, 95.9 forecast, 95.2 previous
•US JOLTS Job Openings (Jun): 7.437M, 7.510M forecast, 7.712M previous
•US Dallas Fed Services Revenues (Jul): 6.3, -4.1 previous
•US Texas Services Sector Outlook (Jul): 2.0, -4.4 previous
•US Atlanta Fed GDPNow (Q2): 2.9%, 2.4% forecast, 2.4% previous
Looking Ahead Economic Data(GMT)
•01:30 Australia CPI (QoQ) (Q2): 0.8% forecast, 0.9% previous
•01:30 Australia CPI (YoY) (Q2): 2.1% forecast, 2.4% previous
•01:30 Australia CPI Index Number (Q2): 140.70 previous
•01:30 Australia Trimmed Mean CPI (YoY) (Q2): 2.7% forecast, 2.9% previous
•01:30 Australia Trimmed Mean CPI (QoQ) (Q2): 0.7% forecast, 0.7% previous
•01:30 Australia Weighted Mean CPI (YoY) (Jun): 2.10% forecast, 2.10% previous
•01:30 Australia Weighted Mean CPI (YoY) (Q2): 2.7% forecast, 3.0% previous
•01:30 Australia Weighted Mean CPI (QoQ) (Q2): 0.6% forecast, 0.7% previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro slipped to a one-month low against the dollar on Tuesday as euro was pressured by lingering doubts over the benefits of the new EU-U.S. trade framework for the Eurozone. Investors viewed the deal as heavily skewed in favor of Washington, doing little to support the eurozone's outlook. France's prime minister labeled the agreement a "dark day" for Europe, while German Chancellor Friedrich Merz warned of "significant" economic damage. Market focus now shifts to Wednesday’s second-quarter GDP reports from both the euro zone and the U.S., ahead of the Federal Reserve’s closely watched rate decision and Friday’s key U.S. employment data. The euro dropped as much as 0.5% to its lowest since June 23, last seen 0.36% down at $1.1543. Immediate resistance can be seen at 1.1602(Daily high ), an upside break can trigger rise towards 1.1778(23.6%fib).On the downside, immediate support is seen at 1.1523(38.2%fib), a break below could take the pair towards 1.1450(June 20th low).
GBP/USD: Sterling recovered from two month low on Tuesday as markets continue to digest the announcement of the trade deal between the European Union and the United States. U.S. President Donald Trump secured his largest trade agreement to date on Sunday with the European Union, imposing a 15% import tariff on most EU goods and securing $600 billion in EU investments into the United States.A survey on Tuesday showed British shop prices rose by the most in more than a year in the 12 months to July and food prices grew more strongly, adding to other inflation signals and underscores the BoE's interest rate dilemma. Looking ahead, investor focus turns to the Federal Reserve’s policy decision, scheduled for Wednesday.The Fed is widely expected to hold rates steady, but investors will closely watch Chair Powell’s commentary and the vote split for signals on the likelihood of future rate cut. Immediate resistance can be seen at 1.3456(July 29th high), an upside break can trigger rise towards 1.3487(38.2%fib).On the downside, immediate support is seen at 1.3310(50%fib), a break below could take the pair towards 1.3253(Lower BB).
USD/CAD: The Canadian dollar weakened to a five-week low against its U.S. counterpart on Tuesday as the greenback posted broad-based gains and investors awaited interest rate decisions by the Federal Reserve and the Bank of Canada. Both the Fed and the Bank of Canada are due to make interest rate decisions on Wednesday. The BoC is likely to keep its benchmark rate unchanged at 2.75% for the third straight meeting, economists and market analysts predict, as firm core inflation and robust job growth offset trade uncertainty. Talks between Canada and the United States on a trade deal are at an intense phase, Prime Minister Mark Carney told reporters on Monday, reiterating that an agreement without any tariffs at all was unlikely. The loonie was trading 0.3% lower at 1.3775 per U.S. dollar , after touching its weakest intraday level since June 23 at 1.3788.Immediate resistance can be seen at 1.3772(38.2% fib), an upside break can trigger rise towards 1.3817(Higher BB).On the downside, immediate support is seen at 1.3877(50%fib), a break below could take the pair towards 1.36798(Lower BB).
USD/JPY: The U.S. dollar eased slightly against the yen on Tuesday as markets await interest rate decisions from the Federal Reserve and the Bank of Japan. Markets anticipate that the Fed will leave interest rates unchanged at the end of its two-day monetary policy meeting on Wednesday.The Bank of Japan also is likely to hold off raising interest rates on Thursday after the Japanese trade agreement with the United States last week. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.30% to 98.91.The index is set to record its first month of gains this year. The dollar was down 0.05% to 148.465 against the Japanese yen. Immediate resistance can be seen at 149.49(23.6%fib)an upside break can trigger rise towards 150.33(Higher BB) .On the downside, immediate support is seen at 147.68(38.2%fib)a break below could take the pair towards 147.29(SMA 20).
Equities Recap
European markets closed higher Tuesday, led by financials and defense stocks, while Danish shares saw their worst day of the year after Novo Nordisk issued a profit warning.
UK's benchmark FTSE 100 closed up by 0.60 percent, Germany's Dax ended up by 1.03 percent, France’s CAC finished the day up by 0.72 percent.
U.S. stocks ended lower Tuesday, with the S&P 500 and Nasdaq slipping from record highs following weak corporate earnings, as investors looked ahead to the Federal Reserve’s policy decision.
Dow Jones closed down by 0.46% percent, S&P 500 closed down by 0.30% percent, Nasdaq settled down by 0.38 percent.
Commodities Recap
U.S. gold prices ticked higher on Tuesday, as investors awaited developments in U.S.–China trade negotiations and the outcome of the Federal Reserve’s policy meeting.
Spot gold rose 0.4% to $3,327.69 per ounce by 1:46 p.m. ET (1746 GMT), rebounding after hitting its lowest level since July 9 on Monday.
Oil prices rose over 3% on Tuesday, buoyed by pressure from President Donald Trump on Russia amid the Ukraine conflict and growing optimism that major trade tensions involving the U.S. were easing.
Brent crude futures settled $2.47, or 3.53%, higher at $72.51 a barrel while U.S. West Texas Intermediate crude gained $2.50, or 3.75%, to settle at $69.21. Both contracts settled at their highest since June 20.