Posted at 12 August 2025 / Categories Market Roundups
Market Roundup
• US Core CPI (MoM) (Jul): 0.3%, 0.3% forecast, 0.2% previous
• US Core CPI (YoY) (Jul): 3.1%, 3.0% forecast, 2.9% previous
• US Core CPI Index (Jul): 328.66, 327.60 previous
• US CPI (YoY) (Jul): 2.7%, 2.8% forecast, 2.7% previous
• US CPI (MoM) (Jul): 0.2%, 0.2% forecast, 0.3% previous
• US CPI Index, n.s.a. (Jul): 323.05, 323.17 forecast, 322.56 previous
• US CPI Index, s.a. (Jul): 322.13, 321.50 previous
• US CPI, n.s.a (MoM) (Jul): 0.15%, 0.34% previous
• US Real Earnings (MoM) (Jul): 0.4%, -0.3% previous
• Canada Building Permits (MoM) (Jun): -9.0%, -3.9% forecast, 12.8% previous
• German Current Account Balance n.s.a (Jun): 18.6B, 7.5B previous
• US Redbook (YoY): 5.7%, 6.5% previous
• US Core CPI (MoM) (Jul): 0.3%, 0.3% forecast, 0.2% previous
Looking Ahead Economic data(GMT)
• 01:30 Australia Home Loans (MoM) -2.5% previous
• 01:30 Australia Invest Housing Finance (MoM) -0.3% previous
• 01:30 Australia Wage Price Index (QoQ) (Q2) 0.8% forecast,0.9% previous
• 01:30 Australia Wage Price Index (YoY) (Q2) 3.3% forecast,,3.4%previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro strengthened against the dollar on Tuesday after data showed U.S. inflation rose broadly in line with expectations in July, putting the Fed on track to lower interest rates next month.Markets also eyed a Friday meeting between Trump and Russian President Vladimir Putin on Russia's war in Ukraine. Trump said on Monday that both Kyiv and Moscow will have to cede land to end the war.European leaders and Ukrainian President Volodymyr Zelenskiy plan to speak with Trump on Wednesday amid fears that Washington might dictate unfavourable peace terms to Kyiv.. Immediate resistance can be seen at 1.1784(23.6%fib ), an upside break can trigger rise towards 1.1874(Higher BB).On the downside, immediate support is seen at 1.1638 (SMA 20), a break below could take the pair towards 1.1549(38.2%fib)..
GBP/USD: The British pound strengthened on Tuesday as markets digested UK job and US CPI data. The number of employees on company payrolls, based on tax office data, decreased by a provisional 8,000 in July compared to June. This marks the sixth consecutive monthly decline since February, but it is the smallest drop recorded during this period. Basic wage growth in the private sector, closely monitored by the Bank of England, slowed slightly to 4.8% in the three months ending in June. U.S. consumer price data is scheduled for release on Tuesday, followed by producer price data on Thursday Immediate resistance can be seen at 1.3540(38.2%fib), an upside break can trigger rise towards 1.3584Higher BB).On the downside, immediate support is seen at 1.3389(50%fib), a break below could take the pair towards 1.3345(Aug 7th low).
USD/CAD: The Canadian dollar recovered on Tuesday from a one-week low against the U.S. dollar after U.S. inflation data kept expectations of a Federal Reserve rate cut in September unchanged. Moderate July consumer price increases, driven by higher costs in services and tariff-sensitive goods, pushed underlying inflation to a six-month high.Recent pressure on the loonie came from uncertain U.S. tariffs on Canadian goods and weaker-than-expected Canadian employment data, fueling speculation of further Bank of Canada rate cuts. The loonie rose 0.2% to 1.3755 , after hitting an intraday low of 1.3806 the weakest since August 5.. Immediate resistance can be seen at 1.3817(38.2% fib), an upside break can trigger rise towards 1.3889 (Higher BB).On the downside, immediate support is seen at 1.3733(SMA20), a break below could take the pair towards 1.3595(23.6%fib).
USD/JPY: The dollar fell against yen on Tuesday after data showed that U.S. consumer prices increased moderately in July, leaving intact the case for a Federal Reserve interest-rate cut next month. The consumer price index rose 0.2% last month after gaining 0.3% in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through July, the CPI advanced 2.7% after rising 2.7% in June. Economists had forecast the CPI rising 0.2% and increasing 2.8% year-on-year. Currency markets had been in a holding pattern earlier as expectation grew that a moderate reading on U.S. price pressures could cement bets for a Fed rate reduction next month, which increased after last week's soft payrolls data. Immediate resistance can be seen at 148.04(SMA20) an upside break can trigger rise towards 150.00(Psychological level) .On the downside, immediate support is seen at 146.31(61.8%fib) a break below could take the pair towards 145.40 (Lower BB).
Equities Recap
European shares closed higher on Tuesday, supported by optimism over the U.S.-China tariff truce and expected Federal Reserve interest rate cuts, although gains were capped by declines in major technology stocks.
UK's benchmark FTSE 100 closed up by 0.20 percent, Germany's Dax ended down by 0.23 percent, France’s CAC finished the day up by 0.71 percent.
The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.
Dow Jones closed up by 1.10% percent, S&P 500 closed up by 1.14% percent, Nasdaq settled up by 1.39% percent.
Commodities Recap
Gold prices edged up on Tuesday as U.S. inflation data reinforced expectations of Federal Reserve rate cuts, with investors now focusing on upcoming key economic reports this week.
Spot gold rose 0.1% to $3,347.34 an ounce at 1:50 p.m. EDT (1750 GMT).
Oil prices fell on Tuesday as traders awaited the U.S. Energy Information Administration’s inventory report and anticipated weaker demand following the summer driving season’s end in early September.
Brent crude futures settled at $66.12 a barrel, down 51 cents, or 0.77%. U.S. West Texas Intermediate crude futures finished at $63.17, down 79 cents, or 1.24%.