Posted at 30 July 2025 / Categories Market Roundups
Market Roundup
• Australia CPI (YoY) (Q2): 2.1%, 2.1% forecast, 2.4% previous
• Australia CPI (QoQ) (Q2): 0.7%, 0.8% forecast, 0.9% previous
• Australia CPI Index Number (Q2): 141.70, no forecast, 140.70 previous
• Australia Trimmed Mean CPI (QoQ) (Q2): 0.6%, 0.7% forecast, 0.7% previous
• Australia Trimmed Mean CPI (YoY) (Q2): 2.7%, 2.7% forecast, 2.9% previous
• Australia Weighted Mean CPI (YoY) (Jun): 1.9%, 2.1% forecast, 2.1% previous
• Australia Weighted Mean CPI (YoY) (Q2): 2.7%, 2.7% forecast, 2.9% previous
• Australia Weighted Mean CPI (QoQ) (Q2): 0.6%, 0.6% forecast, 0.7% previous
Looking Ahead Economic Data(GMT)
•08:00 German GDP (QoQ) (Q2 -0.1% forecast, 0.4% previous
•08:00 German GDP (YoY) (Q2) 0.2% forecast, 0.0% previous
•09:00 Italy Industrial Sales (MoM) (May): 1.5% previous
•09:00 Italy Industrial Sales (YoY) (May): 1.1% previous
•09:00 Greece PPI (YoY) (Jun): 2.0% previous
•09:00 EU Business and Consumer Survey (Jul): 94.5 forecast, 94.0 previous
•09:00 EU Business Climate (Jul): -0.78 previous
•09:00 EU Consumer Confidence (Jul): -14.7 forecast, -15.3 previous
•09:00 EU Consumer Inflation Expectation (Jul): 21.2 previous
•09:00 EU Selling Price Expectations (Jul): 5.6 previous
•09:00 EU Services Sentiment (Jul): 3.3 forecast, 2.9 previous
•09:00 EU GDP (QoQ) (Q2): 0.0% forecast, 0.6% previous
•09:00 EU GDP (YoY) (Q2): 1.2% forecast, 1.5% previous
•09:00 EU Industrial Sentiment (Jul): -11.2 forecast, -12.0 previous
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Wednesday as markets braced for Federal Reserve's policy decision. The Fed is widely expected to keep rates steady, despite U.S. President Donald Trump's constant call to lower them.The meeting comes in the wake of Trump's constant demands for rate cuts, which have coincided with an unrelenting campaign of attacks on Powell by the president and administration officials. There is speculation that Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman could issue dissents if the Fed on Wednesday holds the policy rate steady for the fifth time since December .The euro firmed a bit to$1.1555 after dropping for the first two days of the week and hitting a one-month low of $1.15185 on Tuesday 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 higher on Wednesday as investors await the Federal Reserve's policy decision later in the day for guidance on the monetary policy trajectory. The Fed is largely expected to leave rates unchanged at its policy announcement on Wednesday. Remarks by Fed Chair Jerome Powell will be closely monitored to gauge the timing of any potential rate cuts. Meanwhile, U.S. and Chinese officials agreed to seek an extension of their 90-day tariff truce, following two days of what both sides described as constructive talks in Stockholm. No major breakthroughs were announced and U.S. officials said it was up to President Donald Trump to decide whether to extend a truce that expires on August 12. The dollar index , which measures the U.S. currency against six others, was at 98.823, hovering near a one-month high and on course to post its first month of gains this year. Sterling was last trading at $1.3355. 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 edged lower on Wednesday as investors absorbed weaker-than-expected inflation data that reinforced thoughts that the Reserve Bank of Australia (RBA) may move toward monetary easing in the coming months. According to official numbers issued earlier in the day, consumer prices climbed at their slowest annual rate in almost four years during the June quarter. The Q2 trimmed mean Consumer Price Index (CPI)—a key indication of underlying inflation carefully tracked by the RBA—rose 0.6% quarter-on-quarter and 2.7% year-on-year, falling short of market estimates of 0.7% and 2.9%, respectively. While markets had previously factored in the prospect of a rate decrease later this year, the low inflation figures have bolstered the argument for probable easing as early as August or September.Looking forward, markets will keenly follow Thursday’s speech by RBA Deputy Governor Andrew Hauser at the Barrenjoey Economic Forum. Immediate resistance can be seen at 0.6545(SMA 20), an upside break can trigger rise towards 0.6600(Psychological level).On the downside, immediate support is seen at 0.6489(38.2%fib), a break below could take the pair towards 0.6461(Lower BB).
USD/JPY: The U.S. dollar slipped lower versus the yen on Wednesday as investors exercised caution ahead of Federal Reserve and Bank of Japan policy decision .The Federal Reserve is generally anticipated to hold interest rates steady at its policy meeting on Wednesday, while a rare dissent in support of a rate cut by certain members cannot be ruled out as divides deepen over the proper path for borrowing costs.The meeting comes follwing continuous pressure from Trump, who has frequently demanded rate cut while blasting Fed Chair Powell and the central bank.The Bank of Japan is likely to hold policy steady on Thursday, with market attention focused on its forward guidance to determine the timing of the next rate rise.A new trade deal between Japan and the United States has lessened external uncertainty, perhaps opening the way for the BOJ to restart its policy normalization course. Immediate resistance can be seen at 149.39(23.6%fib)an upside break can trigger rise towards 149.80(Higher BB) .On the downside, immediate support is seen at 147.60(38.2%fib)a break below could take the pair towards 147.20(SMA 20).
Equities Recap
Asian equities lacked clear direction on Wednesday as investor caution prevailed following inconclusive U.S.-China trade talks.
Japan’s nikkei was down 0.07% , Hang Seng was down 1.24 %, China’s A50 was up 0.17%%
Commodities Recap
Gold prices held steady on Wednesday as investors remained cautious ahead of the U.S. Federal Reserve’s policy decision later in the day.
Spot gold held its ground at $3,324.46 per ounce, as of 0604 GMT. U.S. gold futures was steady at $3,321.90.
Oil prices steadied on Wednesday as investors awaited further developments following U.S. President Donald Trump’s accelerated deadline for Russia to end the war in Ukraine.
Brent crude futures rose 1 cent, or 0.01%, to $71.69 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude fell 2 cents, or 0.03%, to $69.19 a barrel.