Posted at 19 August 2025 / Categories Market Roundups
Market Roundup
• EU Current Account (Jun) 35.8B, 33.4B forecast, 32.3B previous
• EU Current Account n.s.a. (Jun) 38.9B, 1.0B previous
• German 5-Year Bobl Auction 2.320%, 2.280% previous
Looking Ahead Economic data(GMT)
• 12:30 US Building Permits (Jul): 1.390M forecast, 1.393M previous
• 12:30 US Building Permits (MoM) (Jul): -0.1% previous
• 12:30 US Housing Starts (Jul): 1.290M forecast, 1.321M previous
• 12:30 US Housing Starts (MoM) (Jul): 4.6% previous
•12:30 Canada Common CPI (YoY) (Jul): 2.7% forecast, 2.6% previous
•12:30 Canada Core CPI (YoY) (Jul): 2.7% previous
•12:30 Canada Core CPI (MoM) (Jul): 0.4% forecast, 0.1% previous
•12:30 Canada CPI (MoM) (Jul): 0.3% forecast, 0.1% previous
•12:30 Canada CPI (YoY) (Jul): 1.7% forecast, 1.9% previous
•12:30 Canada Median CPI (YoY) (Jul): 3.1% forecast, 3.1% previous
•12:30 Canada Trimmed CPI (YoY) (Jul): 3.0% forecast, 3.0% previous
•12:45 Canada US Redbook (YoY): 5.7% previous
•15:00 New Zealand GlobalDairy Trade Price Index: 0.7% previous
•15:30US Atlanta Fed GDPNow (Q3) 2.5% forecast, 2.5% previous
Looking Ahead Events and Other Releases(GMT)
•18:10 US FOMC Member Bowman Speaks
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 pound firmed on Tuesday as traders weighed prospects of a Russia–Ukraine peace deal and looked to upcoming UK inflation data. President Trump assured Ukraine’s Volodymyr Zelenskiy of U.S. security backing in any peace agreement with Russia, though details remain unclear.Attention now turns to July CPI due Wednesday, with forecasts pointing to headline inflation rising to 3.7% and services inflation to 4.8%. A stronger reading could temper the Bank of England’s rate-cut path, though labor market weakness clouds the outlook. Markets are also eyeing Fed Chair Powell’s remarks at the Jackson Hole symposium (Aug 21–23) for policy signals. 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 higher 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 12:20, the Australian dollar was up 0.04% 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 eased against yen 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
European equities advanced as traders assessed the outcome of White House talks on the Ukraine war and awaited a key central bankers’ meeting later this week.
At GMT 12:18 ,UK's benchmark FTSE 100 was last up by 0.32 percent, Germany's Dax was last up by 0.34 percent, France’s CAC was last up by 0.91 percent.
Commodities Recap
Gold climbed Tuesday, supported by softer Treasury yields and a weaker dollar on expectations of lower U.S. rates, while investors awaited Fed Chair Powell’s speech at Jackson Hole later this week.
Spot gold was up 0.3% at $3,340.62 per ounce by 1152 GMT. U.S. gold futures for December delivery rose 0.2% to $3,385.30.
Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could lead to the lifting of sanctions on Russian crude, raising supply.
Brent crude futures fell 82 cents, or 1.23%, to $65.78 a barrel by 1054 GMT. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, fell 86 cents, or 1.36%, to $62.56 per barrel.