Posted at 19 August 2025 / Categories Market Roundups
Market Roundup
•New Zealand PPI Input (QoQ) (Q2) 0.6%, 1.4% forecast,2.9% previous
•New Zealand PPI Output (QoQ) (Q2) 0.6%,1.0% forecast,2.1% previous
•Westpac Consumer Sentiment (Aug) 5.7%,0.6% previous
Looking Ahead Economic data(GMT)
• 08:00 EU Current Account (Jun) 33.4B forecast,32.3B previous
• 08:00 EU Current Account n.s.a. (Jun) 1.0B previous
• 09:30 German 5-Year Bobl Auction 2.280% previous
•10:00 Portuguese Current Account (Jun) -0.365B previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against the dollar on Tuesday as markets assessed diplomatic signals on the Russia–Ukraine conflict. NATO Secretary General Mark Rutte said Monday that President Trump’s meeting with Ukrainian leader Volodymyr Zelenskiy and European partners was “very successful.” The talks followed last week’s Trump–Putin summit in Alaska, which failed to deliver a ceasefire in the 3½-year war.Beyond geopolitics, focus turns to the Federal Reserve’s August 21–23 Jackson Hole symposium, where Chair Jerome Powell will outline his views on the economic outlook and policy framework.Money markets reflect an 83.6% chance of a quarter-point rate cut at the Fed's meeting on September 17, according to CME FedWatch. Immediate resistance can be seen at 1.1792(23.6%fib), an upside break can trigger rise towards 1.1829(Higher BB).On the downside, immediate support is seen at 1.1631 (38.2%fib), a break below could take the pair towards 1.1488(50%fib ).
GBP/USD: The British pound traded in tight range on Tuesday as investors focused as UK consumer inflation data due later on Wednesday. Britain's consumer inflation data for July is due on Wednesday and analysts at Goldman Sachs reckon that the domestic macro backdrop will continue to be a key source of volatility for the currency’s performance versus European peers. Meanwhile, The major economic event for global markets this week will be the Kansas City Federal Reserve's August 21-23 Jackson Hole symposium.Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework on Friday.Money markets are currently pricing in an 85% chance that the Fed will cut policy rates by 25 basis points 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).
AUD/USD: The Australian dollar edged lower on Tuesday as investors turned their attention to the Federal Reserve’s Jackson Hole symposium this weekend for guidance on the future path of U.S. interest rates. Fed Chair Jerome Powell is expected to outline the central bank’s economic outlook and policy framework during his speech.On the domestic front, Australian consumer sentiment improved sharply in August, supported by the third rate cut this year. The Westpac-Melbourne Institute index rose 5.7% to 98.5 in July, marking a 2½-year high, though sentiment remains just below the neutral 100 level, indicating lingering caution among households. At GMT 07:26, the Australian dollar was down 0.03% to 0.6489 against the Greenback. Immediate resistance can be seen at 0.6509 (SMA 20), an upside break can trigger rise towards 0.6608(23.6%fib).On the downside, immediate support is seen at 0.6478(38.2%fib), a break below could take the pair towards 0.6418(Lower BB).
USD/JPY: The U.S. dollar weakened on Tuesday as investors evaluated the outcome of a White House summit with European leaders, viewed as critical for the next phase of the Ukraine conflict. During the meeting, President Donald Trump assured Ukrainian President Volodymyr Zelenskiy that Washington would back Ukraine’s security under any potential peace agreement with Russia.Attention now turns to the Federal Reserve’s annual Jackson Hole symposium later this week, where Fed Chair Jerome Powell is scheduled to speak between August 21–23. His remarks are expected to shed light on the U.S. central bank’s economic outlook and policy framework, offering markets fresh direction on the interest rate path. At GMT 07:25 the dollar was down 0.16 % to 147.64 against the Japanese yen. Immediate resistance can be seen at 148.72(38.2%fib) an upside break can trigger rise towards 147.70(Higher BB) .On the downside, immediate support is seen at 146.64(50%fib) a break below could take the pair towards 145.93 (Lower BB).
Equities Recap
Asian stocks eased on Tuesday as investors awaited a key central bankers’ meeting and weighed signs of potential progress in Russia–Ukraine peace efforts.
China A50 was down 0.28% , Hang Seng was down 0.31, Japan’s Nikkei 225 was down 0.33%
Commodities Recap
Gold steadied Tuesday as traders awaited the Fed’s Jackson Hole symposium for rate-cut signals and monitored U.S. efforts to end the Ukraine war.
Spot gold edged 0.2% higher to $3,337.62 per ounce by 0609 GMT. U.S. gold futures for December delivery rose 0.1% to $3,381.50.
Oil prices fell Tuesday as markets weighed potential Moscow-Kyiv-Washington talks to end the Ukraine war, which could pave the way for lifting sanctions on Russian crude.
Brent crude futures fell 32 cents, or 0.5%, to $66.28 a barrel by 0650 GMT. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, fell 32 cents, or 0.5%, to $63.10 per barrel.