Posted at 13 August 2025 / Categories Market Roundups
Market Roundup
• US Crude Oil Inventories: 3.036M, -0.900M forecast, -3.029M previous.
• US EIA Refinery Crude Runs (WoW): 0.056M, 0.213M previous.
• US Crude Oil Imports: 0.699M, -0.794M previous.
• US Cushing Crude Oil Inventories: 0.045M, 0.453M previous.
• US Distillate Fuel Production: 0.032M, -0.104M previous.
• US EIA Weekly Distillates Stocks: 0.714M, 0.350M forecast, -0.565M previous.
• US Gasoline Production: 0.010M, -0.239M previous.
• US Heating Oil Stockpiles: 0.827M, -0.456M previous.
• US EIA Weekly Refinery Utilization Rates (WoW): -0.5%, 1.5% previous.
• US Gasoline Inventories: -0.792M, -1.000M forecast, -1.323M previous.
Looking Ahead Economic Data (GMT)
•01:30 Australia Employment Change (Jul): 2.0K forecast, 2.0K previous.
•01:30 Australia Full Employment Change (Jul): -38.2K previous.
•01:30 Australia Participation Rate (Jul): 67.1% forecast, 67.1% previous.
•01:30 Australia Unemployment Rate (Jul): 4.2%, forecast, 4.3% previous.
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro rose on Wednesday as dollar slipped for a second straight session onWednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off.U.S. consumer prices increased marginally in July, data showed on Tuesday, in line with forecasts and as the pass-through from Trump's sweeping tariffs to goods prices has so far been limited.On Wednesday, Treasury Secretary Scott Bessent called for a "series of rate cuts," and said the Fed could kick off the policy rate easing with a 50 basis point cut.The day before, U.S. President Donald Trump, who has repeatedly criticised Fed Chair Jerome Powell for not easing rates sooner, had added to the pressure on the Fed.Immediate resistance can be seen at 1.1811(23.6%fib ), an upside break can trigger rise towards 1.1783(23.6%fib).On the downside, immediate support is seen at 1.1625 (SMA 20), a break below could take the pair towards 1.1567(38.2%fib ).
GBP/USD: The British pound rose to a three-week high on Wednesday as growing expectations of a U.S. Federal Reserve rate cut boosted global demand for risk assets. U.S. CPI data on Tuesday showed prices rising slightly less than expected in the year to July, indicating that President Donald Trump’s import tariffs have yet to significantly affect consumer prices. The data followed a weaker-than-expected August 1 jobs report, which had raised concerns over stagflation high inflation alongside high unemployment. Investors are now focused on Friday’s high-stakes talks between Trump and Russian President Vladimir Putin, aimed at reaching a peace deal to end the conflict in Ukraine.. Immediate resistance can be seen at 1.3620(38.2%fib), an upside break can trigger rise towards 1.3664(Higher BB).On the downside, immediate support is seen at 1.3460(50%fib), a break below could take the pair towards 1.3396(SMA20).
USD/CAD: The Canadian dollar remained mostly unchanged against the U.S. dollar on Wednesday as oil prices declined and minutes from the Bank of Canada’s July policy meeting revealed a split among policymakers on the need for further rate cuts. During the meeting, the benchmark rate was kept steady at 2.75%, with the Governing Council divided over how much monetary policy could support growth amid economic conditions influenced by U.S. tariffs. Investors now assign a 33% probability to a BoC rate cut at the September 17 meeting, up from 17% at the start of the month, reflecting expectations of renewed Fed easing and weaker-than-expected domestic jobs data. The price of oil settled 0.8% lower at $62.65 a barrel after U.S. crude supply unexpectedly rose. Oil is one of Canada's major exports. 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 U.S. dollar fell on Wednesday after softer-than-expected inflation data reinforced expectations of a Federal Reserve rate cut in September. U.S. Labor Department data showed the consumer price index (CPI) rose 2.7% year-on-year in July, slightly below the 2.8% forecast, bolstering market bets on lower borrowing costs next month. Investor focus now shifts to upcoming U.S. releases including the Producer Price Index, weekly jobless claims, and retail sales — for further insights into the economic outlook and policy direction.In Japan, July producer price inflation eased to its slowest pace in 11 months as higher overseas tariffs pressured domestic producers. The PPI increased 2.6% year-on-year, slightly above the 2.5% forecast but down from June’s 2.9% rise, according to government data. Immediate resistance can be seen at 148.26(38.2%fib) an upside break can trigger rise towards 150.00(Psychological level) .On the downside, immediate support is seen at 146.12(50%fib) a break below could take the pair towards 145.40(Lower BB).
Equities Recap
European shares rose to a near two-week high on Wednesday, supported by gains in major healthcare and technology stocks, as widespread expectations of a U.S. Federal Reserve rate cut next month lifted market sentiment.
UK's benchmark FTSE 100 closed up by 0.19 percent, Germany's Dax ended up by 0.69 percent, France’s CAC finished the day up by 0.66 percent.
The benchmark S&P 500 and Nasdaq hovered near record highs on Wednesday, though some technology stocks showed weakness following strong gains the previous day amid optimism that the Federal Reserve is nearing a monetary easing cycle.
Dow Jones was last up by 1.05% percent, S&P 500 was last up by 0.29% percent, Nasdaq was last up up by 0.14% percent.
Commodities Recap
Gold advanced on Wednesday, supported by a weaker dollar and declining Treasury yields, as soft U.S. inflation data reinforced expectations for a Federal Reserve rate cut in September and boosted bets on further monetary easing later this year.
Spot gold gained 0.4% to $3,357.59 per ounce by 12:10 p.m. ET (1610 GMT). U.S. gold futures for December delivery rose 0.3% to $3,408.50.
Oil prices dropped over 1% on Wednesday after U.S. crude supplies unexpectedly increased, though losses were capped by U.S. Treasury Secretary comments that President Donald Trump could use sanctions in discussions with Russian President Vladimir Putin.
Brent crude futures dropped 88 cents, or 1.3%, to $65.24 a barrel by 1:14 p.m. EDT, while U.S. West Texas Intermediate crude futures fell 96 cents, or 1.5%, to $62.21 a barrel.