Posted at 29 August 2025 / Categories Market Roundups
Market Roundup
•Australia Housing Credit (Jul) 0.5%,0.5% previous
•Australia Private Sector Credit (MoM) (Jul) 0.7%, 0.6% forecast,0.6% previous
•New Zealand M3 Money Supply (Jul) 439.5B, 433.5B previous
•Japan Construction Orders (YoY) (Jul) -19.0%, 22.5% previous
•Japan Household Confidence (Aug) 34.9 , 34.2 forecast,, 33.7 previou
•Japan Housing Starts (YoY) (Jul) -9.7%,-9.9% forecast,-15.6% previous
•German Import Price Index (MoM) (Jul) -0.4%, -0.3% forecast, 0.0% previous
•German Import Price Index (YoY) (Jul) -1.4%,-1.2% forecast, -1.4% previous
•German Retail Sales (MoM) (Jul) -1.5%, 0.0% forecast, 1.0% previous
•German Retail Sales (YoY) (Jul) 1.9%,2.6% forecast, 2.4% previous
Looking Ahead Economic Data(GMT)
•09:00 Italian CPI (MoM) (Aug) 0.2% forecast, 0.4% previous
•09:00 Italian CPI (YoY) (Aug) 1.7% forecast, 1.7% previous
•09:00 Italian HICP (YoY) (Aug) 1.8% forecast, 1.7% previous
•09:00 Italian HICP (MoM) (Aug) -0.1% forecast, -1.0% previous
•09:00 Belgian GDP (QoQ) (Q2) 0.2% forecast, 0.4% previous
•12:00 German CPI (MoM) (Aug) 0.0% forecast, 0.3% previous
•12:00 German CPI (YoY) (Aug) 2.1% forecast, 2.0% previous
• 12:00 German HICP (MoM) (Aug) 0.0% forecast, 0.4% previous
•12:00 German HICP (YoY) (Aug) 2.0% forecast, 1.8% previous
Looking Ahead Events and Other Releases(GMT)
•No Data Ahead
Currency Summaries
EUR/USD : The euro slipped against the dollar on Friday, pressured by lingering political and fiscal uncertainties in France that continue to weigh on investor confidence. Concerns over the government’s ability to manage its budget deficit, alongside heightened political risks, have dampened sentiment toward the common currency. On the data front, the number of people out of work in Germany fell unexpectedly in August, labour office figures showed on Friday, as Europe's largest economy struggles to emerge from a prolonged downturn.The office said the number of unemployed decreased by 9,000 in seasonally adjusted terms to 2.96 million. Analysts polled had expected that figure to rise by 10,000.Meanwhile , focus now turns to the release of the U.S. PCE price index data - the Fed's preferred measure of inflation later on Friday.Immediate resistance can be seen at 1.1811(23.6%fib ), an upside break can trigger rise towards 1.1783(23.6%fib).On the downside, immediate support is seen at 1.1625 (SMA 20), a break below could take the pair towards 1.1567(38.2%fib ).
GBP/USD: The British pound edged lower on Friday as investor focus now turning to a key U.S. inflation reading due later in the day for further clues on the Federal Reserve's rate outlook. Federal Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term U.S. borrowing costs, saying he would support an interest-rate cut next month and further reductions over the next three to six months.Traders say there is an 86% chance of a 25-basis-point rate cut at the Fed's policy meeting next month, according to the CME FedWatch Tool. The heightened expectations of imminent Fed rate cuts left the dollar headed for a monthly fall of 2% against a basket of currencies on Friday. 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 Friday, though upside remained capped as traders exercised caution ahead of key U.S. inflation data. The Fed’s preferred measure, the Personal Consumption Expenditures (PCE) Price Index, is due later in the day and is expected to offer clearer signals on the U.S. interest rate trajectory. A softer reading would likely reinforce market bets on a September Fed rate cut, weighing further on the greenback, while a stronger outcome could provide the dollar with temporary support.For the Aussie, attention will soon shift to domestic risk events, with Q2 current account, GDP, and balance of trade figures due next week. These releases will offer a more comprehensive assessment of the resilience of Australia’s external sector and broader growth outlook, potentially shaping expectations for the Reserve Bank of Australia’s next policy moves. Immediate resistance can be seen at 0.6550(38.2%fib), an upside break can trigger rise towards 0.6608(Higher BB).On the downside, immediate support is seen at 0.6496(SMA 20), a break below could take the pair towards 0.6429(50%fib).
USD/JPY: The U.S. dollar traded flat on Friday as investors stayed cautious ahead of the release of the U.S. Personal Consumption Expenditures (PCE) Price Index.Investors are closely watching the release of the Personal Consumption Expenditures (PCE) Price Index later today, the Federal Reserve’s preferred measure of inflation.The data will be scrutinized for signals on price pressures and consumer spending trends, which could provide clearer guidance on the Fed’s future interest rate decisions and the broader monetary policy outlook.Federal Reserve Governor Christopher Waller on Thursday reinforced his call for lower short-term borrowing costs, stating he would back a rate cut next month and support further reductions over the following three to six months.According to the CME FedWatch Tool, traders are pricing in an 86% probability of a 25-basis-point rate cut at the Federal Reserve’s policy meeting next month. Immediate resistance can be seen at 147.52(SMA 20) an upside break can trigger rise towards 148.50(38.2%fib) .On the downside, immediate support is seen at 146.71(50%fib) a break below could take the pair towards 145.38(Lower BB).
Equities Recap
Asian equities edged higher on Friday, tracking a tech-led rally on Wall Street, as investors awaited a key U.S. inflation reading later in the day for fresh signals on the Federal Reserve’s policy outlook.
China A50 was up 1.01% , Hang Seng was up 0.43 Japan’s Nikkei 225 was down 0.26%
Commodities Recap
Gold prices were on track for a monthly rise on Friday, supported by a softer dollar and increased expectations for a U.S. interest rate cut in September.
Spot gold was down 0.2% at $3,411.29 per ounce, as of 0704 GMT, on profit-taking. Bullion gained 3.7% so far this month and hit $3,423.16, its highest level since July 23, on Thursday.
Oil prices slipped on Friday but remained on track for a weekly gain, as markets balanced concerns over slowing demand with supply-side uncertainty.
Brent crude futures for October delivery , which will expire on Friday, fell 39 cents, or 0.6%, at $68.23 at 0641 GMT, while the more active contract for November slid 38 cents, or 0.6%, to $67.60. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.6%, at $64.21.