Posted at 22 August 2025 / Categories Market Roundups
Market Roundup
•Japan CPI, n.s.a (MoM) (Jul) 0.2%, -0.1% previous
•Japan National Core CPI (YoY) (Jul) 3.1%, 3.0% forecast, 3.3% previous
•Japan National CPI (YoY) (Jul) 3.1, 3.3% previous
•Japan National CPI (MoM) (Jul) 0.1%, 0.1% previous
Looking Ahead Economic data(GMT)
• 10:00 China FDI (Jul) -15.20% previous
•11:30 India FX Reserves, USD 693.62B previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower against the dollar on Friday as investors awaited clues from Federal Reserve’s annual Jackson Hole symposium for clarity on the economic outlook and policy path. Market expectations for a September rate cut had strengthened earlier this month after weak payrolls data and subdued inflation readings, but those bets eased following the release of the Fed’s July meeting minutes. According to the CME FedWatch tool, traders now see a 73.3% probability of a September cut, down from 82.4% on Thursday. The dollar index which tracks the greenback against a basket of currencies of major trading partners, advanced 0.2% to 98.796. The euro slipped, weakening 0.2% to a two-week low of $1.1585. Immediate resistance can be seen at 1.1637(38.2%fib), an upside break can trigger rise towards 1.1728(Aug 13th high).On the downside, immediate support is seen at 1.1535 (Aug 5th low), a break below could take the pair towards 1.1478(50%fib ).
GBP/USD: The pound slipped against the dollar on Friday as dollar gained some traction ahead of Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium that could offer fresh clues on the monetary policy path. Investors are hoping the speech will shed light on the central bank’s near-term policy path, particularly regarding the timing and scale of potential interest rate cuts. Traders weighed mixed U.S. signals in August, with S&P Global PMI data pointing to the strongest rise in manufacturing orders in 18 months, suggesting momentum in economic activity. However, labor market strains persisted as initial jobless claims posted their biggest increase in three months and continuing claims climbed to a near four-year high. Immediate resistance can be seen at 1.3577(38.2%fib), an upside break can trigger rise towards 1.3626(Higher BB).On the downside, immediate support is seen at 1.3389(50%fib), a break below could take the pair towards 1.3268(June 11th low).
AUD/USD: The Australian dollar slipped Friday as the U.S. dollar strengthened ahead of Fed Chair Powell’s speech at the Jackson Hole symposium. Markets are looking for clues on a possible September rate cut amid signs of labor market softening, though Fed officials have shown limited support for such a move. Attention now turns to Powell’s remarks, with CME FedWatch showing traders pricing a 75% chance of a 25 bps September cut, down from 92% a week earlier.Meanwhile, Australia CPI next Wednesday will be closely watched for inflationary pressures and to gauge RBA (Reserve Bank of Australia) policy direction. Immediate resistance can be seen at 0.6482 (SMA 20), an upside break can trigger rise towards 0.6557(Higher BB).On the downside, immediate support is seen at 0.6405(Lower BB), a break below could take the pair towards 0.6375(June 23rd low).
USD/JPY: The U.S. dollar strengthened Friday ahead of Fed Chair Powell’s Jackson Hole speech, with traders eyeing fresh policy cues. Earlier hopes for rate cuts, fueled by soft July jobs and hiring revisions, have faded as inflation risks and cautious Fed remarks dampened expectations. Officials remain lukewarm on a September move, and CME FedWatch now shows a 75% chance of a 25 bps cut, down from 92% last week.On the data front, Japan’s core inflation eased for a second month in July but remained above the BOJ’s 2% target, sustaining expectations of another rate hike. Nationwide core CPI, excluding fresh food, rose 3.1% year-on-year, above the 3.0% forecast. 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 firmed on Friday as investors awaited Fed Chair Jerome Powell’s Jackson Hole speech for policy guidance.
South Korea’s KOSPI was up 0.86% , Hang Seng was up 0.51, Japan’s Nikkei 225 was up`0.02 %
Commodities Recap
Gold prices slipped on Friday, pressured by a stronger U.S. dollar, as investors turned cautious ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, which is expected to provide fresh guidance on the outlook for U.S. monetary policy.
Spot gold fell 0.3% to $3,329.19 per ounce by 0607 GMT. U.S. gold futures for December delivery lost 0.3% to $3,372.10.
Oil prices edged higher on Friday as fading hopes for a Russia-Ukraine peace deal lifted the geopolitical risk premium, setting crude on course to break a two-week losing streak.
Brent crude futures were up 12 cents at $67.79 a barrel as of 0633 GMT, while West Texas Intermediate (WTI) crude futures rose 13 cents to $63.65.