Posted at 21 August 2025 / Categories Market Roundups
Market Roundup
• US Initial Jobless Claims (Aug 16): 235K, 226K forecast, 224K previous
• US Jobless Claims 4-Week Avg. (Aug 16): 226.25K, 221.75K previous
• US Philadelphia Fed Manufacturing Index (Aug): -0.3, 6.8 forecast, 15.9 previous
• US Philly Fed Business Conditions (Aug): 25.0, 21.5 previous
• US Philly Fed CAPEX Index (Aug): 38.40, 17.10 previous
• US Philly Fed Employment (Aug): 5.9, 10.3 previous
• US Philly Fed New Orders (Aug): -1.9, 18.4 previous
• US Philly Fed Prices Paid (Aug): 66.80, 58.80 previous
•Canada IPPI YoY (Jul): 2.6%, 1.9% previous
•Canada IPPI MoM (Jul): 0.7%, 0.3% forecast, 0.5% previous
•Canada RMPI YoY (Jul): 0.8%, 1.1% previous
•Canada RMPI MoM (Jul): 0.3%, -0.5% forecast, 2.8% previous
•US S&P Global Manufacturing PMI (Aug): 53.3, 49.7 forecast, 49.8 previous
•US S&P Global Composite PMI (Aug): 55.4, 53.5 forecast, 55.1 previous
•US S&P Global Services PMI (Aug): 55.4, 54.2 forecast, 55.7 previous
•US Existing Home Sales MoM (Jul): 2.0%, -2.7% previous
•US Existing Home Sales (Jul): 4.01M, 3.92M forecast, 3.93M previous
• US Leading Index MoM (Jul): -0.1%, -0.1% forecast, -0.3% previous
Looking Ahead Economic Data(GMT)
• 23:30 Japan CPI, n.s.a (MoM) (Jul) -0.1% previous
• 23:30 Japan National Core CPI (YoY) (Jul) 3.0% forecast, 3.3% previous
• 23:30 Japan National CPI (MoM) (Jul) 0.1% previous
• 23:30 Japan National CPI (YoY) (Jul) 3.3% previous
Looking Ahead Events and Other Releases(GMT)
•00:00 US Jackson Hole Symposium
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro slipped lower against the dollar on Thursday as investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on U.S. policy direction.. Market focus is on Fed Chair Jerome Powell’s Friday speech, which could shape 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, driving overall activity to its fastest pace in 15 months despite weak exports. On the data front,The HCOB Flash Eurozone Composite PMI, compiled by S&P Global, climbed to 51.1 from 50.9 in July, surpassing the forecast of 50.7 and marking a 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 lower on Thursday as the dollar strengthened ahead of U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on U.S. policy direction. Traders had ramped up bets for a September cut following a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs.But they lowered their expectations slightly following the release of minutes from the Fed's July meeting. PMI data for August revealed British businesses are having their strongest month in a year thanks to a rebound in the dominant services sector.The PMI, which tracks both manufacturing and services, rose to 53.0 in August from July’s 51.5, marking its highest level since last year. Immediate resistance can be seen at 1.3619(Higher BB), an upside break can trigger rise towards 1.3669(23.6%fib).On the downside, immediate support is seen at 1.3397(50%fib), a break below could take the pair towards 1.3350(Aug 7th low).
USD/CAD: The Canadian dollar fell to a three-month low against the U.S. dollar on Thursday as strong U.S. economic data supported the greenback ahead of potential signals on Federal Reserve policy. U.S. business activity accelerated in August, driven by a rebound in manufacturing, which saw the fastest growth in new orders in 18 months, while the S&P 500 headed for a fifth consecutive day of losses. Investors are awaiting Fed Chair Jerome Powell’s Friday speech at the annual Jackson Hole symposium in Wyoming. Meanwhile, Canadian data showed annual inflation eased to 1.7% in July, with key three-month underlying measures slowing sharply, reducing pressure on the Bank of Canada . Immediate resistance can be seen at 1.3916(Daily high), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3808(38.2 %fib), a break below could take the pair towards 1.3748(Aug 8th low).
USD/JPY: The U.S. dollar strengthened against the yen on Thursday as markets focused on the Federal Reserve’s three-day Jackson Hole symposium. All eyes are on Fed Chair Jerome Powell, who is scheduled to speak Friday at 10 a.m. ET, with traders seeking clues on a possible September rate cut following signs of labor market weakness.Private data showed U.S. business activity accelerated in August, highlighting a mixed economic backdrop for the Fed, while July existing home sales unexpectedly rose, adding to the complexity of the policy outlook. Immediate resistance can be seen at 147.50(38.2%fib) an upside break can trigger rise towards 147.50(38.2%fib).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 were muted on Thursday as investors awaited updates from the Federal Reserve’s Jackson Hole symposium, even as the U.S. and EU implemented last month’s framework trade deal..
UK's benchmark FTSE 100 closed up by 0.20 percent, Germany's Dax ended down by 0.23 percent, France’s CAC finished the day up by 0.71 percent.
Wall Street closed lower on Thursday as hotter-than-expected producer price data tempered hopes for interest-rate cuts.
Dow Jones was closed down by 0.34% percent, S&P 500 closed down 0.40% percent, Nasdaq was closed lower 0.33% percent.
Commodities Recap
Gold prices slipped on Thursday as a stronger dollar weighed on the market, with investors awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole symposium for guidance on U.S. policy.
Spot gold fell 0.3% to $3,337.95 per ounce, as of 1:47 p.m. ET (1747 GMT). U.S. gold futures for December delivery settled 0.2% lower at $3,386.50.
Oil prices climbed nearly $1 a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, while U.S. data indicated strong oil demand.
Brent crude futures rose 83 cents, or 1.2%, to settle at $67.67 a barrel, a two-week high. U.S. West Texas Intermediate crude futures gained 81 cents, or 1.3%, to close at $63.52 a barrel.