Posted at 20 August 2025 / Categories Market Roundups
Market Roundup
• US Building Permits (MoM) (Jul): -2.8%, -0.1% previous
• US Housing Starts (Jul): 1.428M, 1.290M forecast, 1.358M previous
• US Housing Starts (MoM) (Jul): 5.2%, 5.9% previous
•Canada Common CPI (YoY) (Jul): 2.6%, 2.7% forecast, 2.6% previous
•Canada Core CPI (MoM) (Jul): 0.1%, 0.4% forecast, 0.1% previous
•Canada Core CPI (YoY) (Jul): 2.6%, 2.7% previous
•Canada CPI (YoY) (Jul): 1.7%, 1.7% forecast, 1.9% previous
•Canada CPI (MoM) (Jul): 0.3%, 0.3% forecast, 0.1% previous
•Canada Median CPI (YoY) (Jul): 3.1%, 3.1% forecast, 3.0% previous
•Canada Trimmed CPI (YoY) (Jul): 3.0%, 3.0% forecast, 3.0% previous
•US Redbook (YoY): 5.9%, 5.7% previous
•US Atlanta Fed GDPNow (Q3): 2.3%, 2.5% forecast, 2.5% previous
Looking Ahead Economic data(GMT)
• 02:00 New Zealand RBNZ Interest Rate Decision 3.00%forecast,3.25% previous
• 02:00 New Zealand RBNZ Monetary Policy Statement
• 02:00 New Zealand RBNZ Rate Statement
Looking Ahead Events and Other Releases(GMT)
•03:00 New Zealand RBNZ Press Conference
Currency Forecast
EUR/USD : The euro dipped against the dollar on Tuesday dollar firmed as traders awaited the Federal Reserve's Jackson Hole annual symposium later this week for clues on the path for monetary policy.A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any push back against market pricing of a rate reduction next month.Traders currently place 84% odds on a cut next month, and expect around 54 basis points of reductions by year-end.The dollar index , which measures the currency against six major counterparts, edged up 0.10 % to 98.37 the highest since August 12. It had gained about 0.4% in the first two days of this week. 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 eased against dollar on Tuesday as investors await UK consumer inflation data for policy clues. Investors are closely watching upcoming the release of the United Kingdom’s consumer inflation data on Wednesday, as it is expected to provide critical insights into the future path of monetary policy.A stronger-than-expected inflation reading could signal persistent price pressures, potentially slowing the pace of any interest rate cuts by the Bank of England, while a softer print might reinforce expectations of policy easing.Most economists expect one more quarter-point rate cut this year, while money markets are not fully pricing in another reduction until February, reflecting policymakers' recent cautious stance. 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 its lowest level in nearly three weeks against the U.S. dollar on Tuesday, weighed down by declining oil prices and softer domestic inflation data, which increased expectations that the Bank of Canada (BoC) may cut interest rates in the coming months.Canada’s annual inflation slowed to 1.7% in July from 1.9% in June, largely due to lower gasoline prices. Meanwhile, the BoC’s closely watched three-month annualized measures of underlying inflation decelerated to 2.4% from 3.4%, signaling easing price pressures.Market participants now assign a 39% probability of a BoC rate cut at the next policy meeting on September 17, up from 31% before the latest data. Traders are increasingly anticipating monetary easing by October. Immediate resistance can be seen at 1.3901(38.2% fib), an upside break can trigger rise towards 1.3918 (Higher BB).On the downside, immediate support is seen at 1.3788(SMA20), a break below could take the pair towards 1.3758(38.2%fib).
USD/JPY: The U.S. dollar eased against the yen on Tuesday as investors positioned ahead of Federal Reserve Chair Jerome Powell’s upcoming comments on interest rate policy. Markets are focused on the Fed’s annual Jackson Hole symposium in Wyoming, running Aug. 21–23, where Powell’s remarks will be closely analyzed for insights into the central bank’s economic outlook and monetary policy direction.Interest rate futures currently imply two rate cuts this year, each of 25 basis points, with the first expected in September. Meanwhile, Trump said on Tuesday he hoped Russia's Vladimir Putin would move toward ending the war in Ukraine. 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 shares surged to their highest level in over five months on Tuesday, as investors weighed the prospects of an end to the war in Ukraine following Monday’s talks in Washington between U.S., Ukrainian, and European leaders.
UK's benchmark FTSE 100 closed up by 0.34 percent, Germany's Dax ended up by 0.45 percent, France’s CAC finished the day up by 1.21 percent.
The Nasdaq and S&P 500 fell Tuesday, led by tech stocks, as investors positioned ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks on interest rate policy at a key conference later this week.
Dow Jones closed up by 0.02% percent, S&P 500 closed down by 0.59 % percent, Nasdaq settled down by 1.46% percent.
Commodities Recap
Gold dipped Tuesday as the U.S. dollar strengthened, with investors awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium later this week.
Spot gold fell 0.4% to $3,317.71 per ounce by 1:42 a.m. ET (1742 GMT). The contract fell to its lowest level since August 1 earlier in the session.U.S. gold futures for December delivery settled 0.6% lower at $3,358.7.
Oil prices fell on Tuesday as traders bet that talks over a possible agreement to legitimize or end Russia's invasion of Ukraine could ease sanctions on Russian crude oil, boosting global supply.
Brent crude futures settled at $65.79 a barrel, down 81 cents, or 1.22%. U.S. West Texas Intermediate crude futures for September delivery, set to expire on Wednesday, finished at $62.35 a barrel, down $1.07, or 1.69%.