Posted at 21 August 2025 / Categories Market Roundups
Market Roundup
• UK Public Sector Net Cash Requirement (Jul): 3.002B, -16.367B previous
• Sweden Capacity Utilization (QoQ) (Q2): 0.4%, 0.6% previous
• Switzerland Trade Balance (Jul): 4.591B, 5.150B forecast, 5.726B previous
• Switzerland M3 Money Supply (Jul): 1,193.4B, 1,184.3B previous
• France HCOB Manufacturing PMI (Aug): 49.9, 48.2 forecast, 48.2 previous
• France HCOB Composite PMI (Aug): 49.8, 48.5 forecast, 48.6 previous
• France HCOB Services PMI (Aug): 49.7, 48.5 forecast, 48.5 previous
• Germany HCOB Composite PMI (Aug): 50.9, 50.2 forecast, 50.6 previous
• Germany HCOB Manufacturing PMI (Aug): 49.9, 48.8 forecast, 49.1 previous
• Germany HCOB Services PMI (Aug): 50.1, 50.4 forecast, 50.6 previous
• Eurozone HCOB Manufacturing PMI (Aug): 50.5, 49.5 forecast, 49.8 previous
• Eurozone HCOB Composite PMI (Aug): 51.1, 50.7 forecast, 50.9 previous
• Eurozone HCOB Services PMI (Aug): 50.7, 50.8 forecast, 51.0 previous
• UK S&P Global Composite PMI (Aug): 53.0, 51.6 forecast, 51.5 previous
• UK S&P Global Manufacturing PMI (Aug): 47.3, 48.2 forecast, 48.0 previous
• UK S&P Global Services PMI (Aug) 53.6 51.8 forecast, 51.8 previous
•EU Construction Output (MoM) (Jun) -0.76%, -2.14% previous
• UK CBI Industrial Trends Orders (Aug) -33,-28 forecast, -30 previous
Looking Ahead Economic Data(GMT)
•12:30 US Continuing Jobless Claims: 1,960K forecast, 1,953K previous
•12:30 US Initial Jobless Claims: 226K forecast, 224K previous
•12:30 US Jobless Claims 4-Week Avg.: 221.75K previous
•12:30 US Philadelphia Fed Manufacturing Index (Aug): 6.8 forecast, 15.9 previous
•12:30 US Philly Fed Business Conditions (Aug): 21.5 previous
•12:30 US Philly Fed CAPEX Index (Aug): 17.10 previous
•12:30 US Philly Fed Employment (Aug): 10.3 previous
•12:30 US Philly Fed New Orders (Aug): 18.4 previous
•12:30 US Philly Fed Prices Paid (Aug): 58.80 previous
•12:30 Canada IPPI (MoM) (Jul): 0.3% forecast, 0.4% previous
•12:30 Canada IPPI (YoY) (Jul): 1.7% previous
•12:30 Canada RMPI (YoY) (Jul): 1.1% previous
•12:30 Canada RMPI (MoM) (Jul): -0.5% forecast, 2.7% previous
•13:45 US S&P Global Manufacturing PMI (Aug): 49.7 forecast, 49.8 previous
•13:45 US S&P Global Composite PMI (Aug): 55.1 previous
•13:45 US S&P Global Services PMI (Aug): 54.2 forecast, 55.7 previous
•14:00 US Existing Home Sales (Jul): 3.92M forecast, 3.93M previous
•14:00 US Existing Home Sales (MoM) (Jul): -2.7% previous
•14:00 US Leading Index (MoM) (Jul): -0.1% forecast, -0.3% previous
•15:30 US 4-Week Bill Auction: 4.280% previous
•15:30 US 8-Week Bill Auction: 4.185% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro inched lower against the dollar on Thursday as investors awaited the U.S. Federal Reserve’s annual Jackson Hole symposium for guidance on economic conditions and policy direction. Market attention is focused on Fed Chair Jerome Powell’s Friday speech, which could influence expectations for a September rate cut.On the data front, Eurozone businesses saw new orders rise in August for the first time since May 2024, supporting overall activity at the fastest pace in 15 months despite ongoing export weakness. The HCOB Flash Eurozone Composite PMI, compiled by S&P Global, rose to 51.1 in August from 50.9 in July, exceeding a poll forecast of 50.7 and marking the third consecutive monthly improvement. 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 edged higher on Thursday following strong UK business activity data, with both manufacturing and services sectors driving faster growth. The preliminary S&P Global UK Composite PMI for August rose to 53.0 from 51.5 in July, marking the highest reading in a year. Services activity strengthened to 53.6 from July’s 51.8, highlighting the UK’s economic outperformance in Europe.The positive PMI data provides relief for Finance Minister Rachel Reeves, who has faced challenges in accelerating economic growth. Market focus now turns to Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium (Aug 21–23), which may offer further clarity on the U.S. central bank’s economic outlook. Immediate resistance can be seen at 1.3509(Aug 20th high), an upside break can trigger rise towards 1.3583(38.2%fib).On the downside, immediate support is seen at 1.3435(50%fib), a break below could take the pair towards 1.3403(Lower BB).
AUD/USD: The Australian dollar slipped on Thursday as investors focused on the Federal Reserve’s policy outlook ahead of the annual Jackson Hole symposium. Political uncertainty remains, with former President Trump expected to criticize the Fed if Chair Jerome Powell takes a hawkish stance. Powell is scheduled to speak on the economic outlook and the central bank’s policy framework.Domestically, Australia’s manufacturing sector showed robust growth, with the Judo Bank Manufacturing PMI rising to 52.9 in August from 51.3 in July, marking the fastest pace in nearly three years. The services sector also strengthened, with the S&P Global Flash Services PMI climbing to 55.1 from 54.1, recording the strongest expansion in 40 months. Immediate resistance can be seen at 0.6461 (Aug 20th high), an upside break can trigger rise towards 0.6489(38.2%fib).On the downside, immediate support is seen at 0.6416(50%fib), a break below could take the pair towards 0.6388(Lower BB).
USD/JPY: The U.S. dollar edged higher against the yen on Thursday as yen weakened after data showed Japan's factory activity extends declines in August. Japan’s manufacturing sector shrank for a second straight month in August, with U.S. tariffs dampening overseas demand, a private survey showed Thursday.Japan’s August flash manufacturing PMI rose to 49.9 from July’s 48.9, but stayed below the 50 growth threshold for a second month. Activity in Japan’s services sector expanded in August but at a weaker pace, with the flash services PMI dropping to 52.7 from July’s 53.6.Japan’s composite PMI, combining manufacturing and services, climbed to 51.9 in August from 51.6 in July, marking the strongest growth in six months. 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 slipped Thursday , remaining just below recent highs ahead of the Fed’s Jackson Hole symposium.
At GMT (12:25) UK's benchmark FTSE 100 was last trading down at 0.15 percent, Germany's Dax was down by 0.29 percent, France’s CAC was down by 0.62percent.
Commodities Recap
Gold prices dipped on Thursday, weighed down by a stronger dollar, as investors awaited cues on U.S. monetary policy from the Federal Reserve’s annual Jackson Hole symposium later in the day.
Spot gold was down 0.5% at $3,331.74 per ounce, as of 1041 GMT. U.S. gold futures for December delivery also lost 0.4% to $3,373.70.
Oil prices climbed on Thursday, supported by signs of robust U.S. demand and lingering uncertainty over efforts to end the war in Ukraine.
Brent crude futures were close to a two-week high and up 43 cents, or around 0.6%, at $67.27 a barrel at 1203 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 45 cents, or 0.7%, at $63.16 a barrel.