Posted at 14 August 2025 / Categories Market Roundups
Market Roundup
• US Continuing Jobless Claims: 1,953K ,1,960K forecast, 1,974K previous
• US Core PPI (YoY) (Jul): 3.7% ,2.9% forecast, 2.6% previous
• US Core PPI (MoM) (Jul): 0.9% ,0.2% forecast, 0.0% previous
• US Initial Jobless Claims: 224K ,225K forecast, 226K previous
• US Jobless Claims 4-Week Avg.: 221.75K ,220.75K previous
• US PPI (MoM) (Jul): 0.9% ,0.2% forecast, 0.0% previous
• US PPI (YoY) (Jul): 3.3% ,2.5% forecast, 2.3% previous
• US PPI ex. Food/Energy/Transport (MoM) (Jul): 0.6%, 0.0% previous
• US 4-Week Bill Auction: 4.280% ,4.300% previous
• US 8-Week Bill Auction: 4.185% ,4.235% previous
Looking Ahead Economic Data (GMT)
• 22:30 New Zealand Business NZ PMI (Jul) 48.8 previous
•22:45 New Zealand External Migration & Visitors (Jun) 6.10% previous
•22:45 New Zealand FPI (MoM) (Jul) 1.2% previous
•22:45 New Zealand Permanent/Long-Term Migration (Jun) 1,530 previous
•22:45 New Zealand Visitor Arrivals (MoM) -0.9% previous
•23:50 Japan Foreign Bonds Buying -526.3B previous
•23:50 Japan Foreign Investments in Japanese Stocks 193.0B previous
•23:50 Japan GDP (QoQ) (Q2): 0.1% forecast, 0.0% previous
•23:50 Japan GDP (YoY) (Q2): 0.4% forecast, -0.2% previous
•23:50 Japan GDP Capital Expenditure (QoQ) (Q2): 0.5% forecast, 1.1% previous
•23:50 Japan GDP External Demand (QoQ) (Q2): 0.2% forecast, -0.8% previous
•23:50 Japan GDP Price Index (YoY) (Q2): 3.1% forecast, 3.3% previous
•23:50 Japan GDP Private Consumption (QoQ) (Q2): 0.1% forecast, 0.1% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro dipped on Thursday as dollar rose after data showed U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead.The hot measure of inflation at the wholesale level follows the release on Tuesday of a better than feared rise in consumer prices in July, which emboldened traders to boost bets on interest rate cuts from the Federal Reserve in coming months.While Thursday's data did not upset the case for a September rate cut, it did raise worries that tariffs could still stir up inflation in coming months and change the course of interest rate cuts for the rest of the year. 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 edged lower on Thursday as dollar gained after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts.A Labor Department report showed producer prices increased the most in three years in July due to a surge in the costs of goods and services, suggesting a broad pickup in inflation was imminent. A separate report on Thursday showed the number of Americans filing new applications for jobless benefits fell last week. In geopolitics, focus will be on President Donald Trump's upcoming meeting with Russia's President Vladimir Putin as he seeks to achieve a halt to the Ukraine conflict.The dollar index, measuring the currency against a basket of peers, was 0.5% higher at 98.25. The British pound eased 0.3% to $1.35325. 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 fell to a near two-week low against the U.S. dollar on Thursday after a sharp rise in U.S. producer prices tempered expectations for Federal Reserve rate cuts. U.S. wholesale prices climbed by the most in three years in July, driven by higher costs for goods and services, signaling a broad inflationary pickup and complicating the Fed’s policy outlook. The data effectively ruled out the possibility of a larger-than-usual half-point rate cut at the Fed’s September 16-17 meeting. Meanwhile, oil prices rose 2.1% to $63.96 a barrel ahead of a high-profile meeting between U.S. President Donald Trump and Russian President Vladimir Putin to discuss Ukraine. Oil is one of Canada's major exports.The loonie was trading 0.4% lower at 1.3812 , after touching its weakest intraday level since August 1 at 1.3819. . Immediate resistance can be seen at 1.3867(38.2% fib), an upside break can trigger rise towards 1.3908(Higher BB).On the downside, immediate support is seen at 1.3773(38.2 %fib), a break below could take the pair towards 1.3641(July 25th low).
USD/JPY: The U.S. dollar rebounded from early losses on Thursday after hotter-than-expected inflation data and a decline in jobless claims boosted the greenback. The Labor Department reported that the producer price index rose 3.3% year-on-year in July, surpassing forecasts of 2.5%, while weekly jobless claims fell to 224,000, below the 228,000 estimate. Stronger wholesale price data tempered expectations of a half-point rate cut next month. Traders are now leaning toward a quarter-point move in September, followed by another in October, aligning with Federal Reserve’s Mary Daly, who argued against a 50-basis-point reduction. Immediate resistance can be seen at 147.82(SMA 20) an upside break can trigger rise towards 147.09(38.2%fib) .On the downside, immediate support is seen at 147.47(50%fib) a break below could take the pair towards 145.98(61.8%fib).
Equities Recap
European shares closed at a more than two-month high on Thursday, led by gains in aerospace, defense, and financial stocks, as investors digested a wave of corporate earnings.
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.
Wall Street closed mixed on Thursday, with the S&P 500 rising to a new closing high, while the Dow Jones and Nasdaq remained flat, as hotter-than-expected producer price data tempered hopes for interest-rate cuts.
At (20:54 GMT )Dow Jones was last down by 0.02% percent, S&P 500 was up 0.03% percent, Nasdaq was up by 0.01% percent.
Commodities Recap
Gold prices declined on Thursday as stronger-than-expected U.S. inflation data and lower jobless claims boosted the dollar and Treasury yields, reducing the likelihood of a larger-than-expected rate cut in September.
Spot gold fell 0.5% to $3,337.21 per ounce as of 1:50 p.m. ET (1750 GMT). U.S. gold futures for December delivery settled 0.7% lower at $3,383.2.
Oil prices rose ~2% to a one-week high on Thursday, boosted by Trump’s warning of "severe consequences" if Ukraine talks with Putin fail and optimism over a likely U.S. interest rate cut.
Brent crude futures rose $1.21, or 1.8%, to settle at $66.84 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.31, or 2.1%, to settle at $63.96.