Posted at 18 August 2025 / Categories Market Roundups
Market Roundup
• Canada Housing Starts (Jul) 294.1K,264.0K forecast, 283.5K previous
• Canada Foreign Securities Purchases (Jun) 0.71B,-4.75B forecast, -6.29B previous
• Canada Foreign Securities Purchases by Canadians (Jun) 9.040B, 13.460B previous
•French 12-Month BTF Auction 1.980% ,1.973% previous
•French 3-Month BTF Auction 1.963% ,1.952% previous
•French 6-Month BTF Auction 1.973%,1.971% previous
•US NAHB Housing Market Index (Aug) 32, 34 forecast, 33 previous
•US 3-Month Bill Auction 4.130%,4.150% previous
Looking Ahead Economic Data (GMT)
• 22:45 New Zealand PPI Input (QoQ) (Q2) 1.4%, 2.9% previous
•22:45 New Zealand PPI Output (QoQ) (Q2) 1.0%, 2.1% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower against dollar on Monday as investors adopted a cautious stance ahead of a series of Eurozone economic data releases this week.Investors will monitor several secondary releases this week, including trade data, current account figures, final CPI, and PMI surveys.The ECB’s consumer inflation expectations report and Germany’s final Q2 GDP reading will also attract close market attention. Another key focus for the week is the Federal Reserve's August 21-23 Jackson Hole symposium, where Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. U.S. rate futures market has priced in an 85% chance of a quarter-point rate cut at the Fed's meeting on September 17, and is pricing further easing by December. 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 eased on Monday as market awaited UK consumer inflation data due later in the week. Britain’s July consumer inflation data, scheduled for release on Wednesday, is expected to remain a focal point for market participants. The headline CPI is projected to show whether price pressures are moderating after recent declines, while core inflation is closely watched for signals of underlying trends.A softer-than-expected reading could reinforce expectations that the Bank of England (BoE) may consider slowing or reversing its tightening path. Meanwhile, traders are also focused on Powell’s appearance later this week at the U.S. central bank’s annual economic policy symposium in Jackson Hole, Wyoming, for any new indications on whether a rate cut is likely next month.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 was barely changed against its U.S. counterpart on Monday as oil prices rose and investors awaited domestic inflation data that could guide expectations for the Bank of Canada policy outlook. Canada’s consumer price index report for July is due on Tuesday. Economists expect the annual rate of increase in consumer prices to ease to 1.8% from 1.9% in June, but measures of underlying inflation that are closely tracked by the BoC are forecast to remain well above the central bank's 2% target. Investors see a 68% chance that the BoC would leave interest rates unchanged at its next policy decision on September 17. The central bank has been on hold since lowering the benchmark rate to 2.75% in March.Canadian housing starts unexpectedly rose in July, advancing 4% from the previous month, data from the national housing agency showed. Immediate resistance can be seen at 1.3833(38.2% fib), an upside break can trigger rise towards 1.3916 (Higher BB).On the downside, immediate support is seen at 1.3762(SMA20), a break below could take the pair towards 1.3742(38.2%fib).
USD/JPY: The U.S. dollar inched higher on Monday as U.S. President Donald Trump hosted talks on ending Russia's war in Ukraine, and traders pared bets on a September rate cut before a speech on Friday by Federal Reserve Chair Jerome Powell.Trump met with Ukrainian President Volodymyr Zelenskiy on Monday before holding talks with the leaders of Britain, Germany, France, Italy, Finland, the European Union and NATO.Trump said that the United States would "help out" Europe in providing security for Ukraine as part of any deal to end the war in Ukraine and expressed hope that Monday's summit could eventually lead to a trilateral meeting with Russian President Vladimir Putin, adding that he believes Putin wants the war to end. 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 shares ended flat to modestly lower on Monday ahead of a key central bank gathering later in the week that likely will determine the future path of U.S. interest rate policy.
UK's benchmark FTSE 100 closed up by 0.21 percent, Germany's Dax ended down by 0.18 percent, France’s CAC finished the day down by 0.50 percent.
Wall Street’s major indexes closed roughly flat on Monday, struggling for direction as investors awaited a wave of corporate earnings reports from major retailers for insights into the health of the U.S. economy..
Dow Jones closed down by 0.08% percent, S&P 500 closed down by 0.01% percent, Nasdaq settled up by 0.03% percent.
Commodities Recap
Gold prices were largely steady on Monday as investors awaited U.S. President Donald Trump’s meeting with Ukrainian and European leaders and the Federal Reserve’s annual Jackson Hole symposium later this week.
Spot gold was marginally down at $3,333.32 per ounce at 01:42 p.m. ET (1742 GMT), after hitting its lowest level since August 1 earlier in the session.U.S. gold futures for December delivery settled 0.1% lower at $3,378.
Oil prices rose 1% on Monday following talks between U.S. President Donald Trump and Ukrainian President Zelenskiy, after an inconclusive U.S.-Russia summit in Alaska on Friday.
Brent crude futures settled 75 cents, or 1.14%, higher at $66.60 a barrel. U.S. West Texas Intermediate crude gained about 62 cents, or 0.99%, to $63.42.