Posted at 18 August 2025 / Categories Market Roundups
Market Roundup
• Swiss Industrial Production (YoY) (Q2) -0.10% , 8.90% previous
• Spanish Trade Balance (Jun) -3.59B, -2.54B previous
• EU Trade Balance (Jun) 7.0B, 18.1B forecast, 16.5B previous
• German 12-Month Bubill Auction 1.895%, 1.798% previous
Looking Ahead Economic data(GMT)
• 12:30 Canada Foreign Securities Purchases (Jun) -4.75B forecast, -2.79B previous
• 12:30 Canada Foreign Securities Purchases by Canadians (Jun) 13.370B previous
• 13:00 French 12-Month BTF Auction 1.973% previous
• 13:00 French French 3-Month BTF Auction 1.952% previous
• 13:00 French French 6-Month BTF Auction 1.971% previous
•14:00 US NAHB Housing Market Index (Aug) 34 forecast,33 previous
•15:30 US 3-Month Bill Auction 4.150% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro slipped against the dollar on Monday as caution set in ahead of U.S. President Trump’s meeting with Ukrainian President Zelenskiy, while attention also turns to the Fed’s Jackson Hole symposium for policy cues. In the U.S., data highlights include housing starts on Tuesday, FOMC minutes, jobless claims, flash PMIs, and existing home sales, alongside remarks from Atlanta Fed President Raphael Bostic. In Europe, focus will be on trade data, current account figures, final CPI, PMI surveys, the ECB’s inflation expectations report, and Germany’s final Q2 GDP. 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 slipped on Monday as investors awaited U.S. President Trump’s meeting with Ukrainian President Zelenskiy and European leaders on a possible peace deal with Russia. This week, attention also focuses on the Fed’s Jackson Hole symposium (Aug 21–23), where Chair Jerome Powell will outline the economic outlook and policy direction. Markets price an 84.2% chance of a quarter-point Fed rate cut next month, with further easing expected by year-end. In the UK, key releases include CPI on Wednesday, PMIs on Thursday, and retail sales on Friday. Fitch will review the country’s credit rating, while BoE Governor Andrew Bailey will join a panel at Jackson Hole on Saturday.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).
AUD/USD: The Australian dollar inched higher on Monday as the dollar weakened amid rising expectations of Federal Reserve rate cuts later this year. Domestically, investors are watching the Westpac Consumer Confidence Index, consumer inflation expectations, flash PMIs, and RBA officials’ speeches this week. In the U.S., a relatively quiet week features housing starts on Tuesday, July FOMC minutes, weekly jobless claims, S&P flash PMIs, and existing home sales. Markets imply an 85% chance of a quarter-point Fed rate cut on September 17, with further easing expected by December. Immediate resistance can be seen at 0.6520(SMA 20), an upside break can trigger rise towards 0.6608(23.6%fib).On the downside, immediate support is seen at 0.6485(38.2%fib), a break below could take the pair towards 0.6422(Lower BB).
USD/JPY: The U.S. dollar edged higher on Monday as investors took a cautious stance ahead of a busy week of geopolitical developments and Fed commentary. Monday’s highlight is the Trump–Zelenskiy meeting with European leaders, aimed at advancing a quick peace deal for Ukraine. Attention also shifts to the Jackson Hole symposium, where Fed Chair Powell’s speech could provide new guidance on the U.S. economy and monetary policy. The week’s economic calendar is packed: in the U.S., focus is on housing starts, July FOMC minutes, weekly jobless claims, S&P flash PMIs, existing home sales, and Atlanta Fed President Bostic’s remarks. In Japan, markets will watch machinery orders, trade data, PMIs, and Friday’s key CPI report, a crucial indicator for the Bank of Japan’s policy outlook. Immediate resistance can be seen at 147.52(38.2%fib) an upside break can trigger rise towards 147.92(SMA 20) .On the downside, immediate support is seen at 145.12(61.8%fib) a break below could take the pair towards 145.27(Lower BB).
Equities Recap
European eased on Monday as investors eyed a busy week for U.S. rate policy and awaited meetings in Washington between President Trump, Zelenskiy, and European leaders.
At GMT 12:18 ,UK's benchmark FTSE 100 was last down by 0.01 percent, Germany's Dax was last down by 0.35 percent, France’s CAC was last down by 0.70 percent.
Commodities Recap
Gold edged higher on Monday, supported by falling U.S. Treasury yields, as markets awaited Trump’s meeting with Zelenskiy and European leaders.
Spot gold gained 0.4% to $3,349.47 per ounce, as of 1014 GMT on Monday, after hitting its lowest level since August 1. U.S. gold futures for December delivery rose 0.4% to $3,395.10.
Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop.
Brent crude futures rose 0.46% or 30 cents to $66.15 a barrel by 1005 GMT, while U.S. West Texas Intermediate crude was up 38 cents, or 0.61%, to $63.18 a barrel.