Posted at 29 August 2025 / Categories Market Roundups
Market Roundup
• 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
•French Consumer Spending (MoM) (Jul) -0.3%, -0.3% forecast, 0.4% previous
•French CPI (MoM) (Aug) 0.4% , 0.5% forecast,0.2% previous
•French CPI (YoY) (Aug) 0.9%,1.0% forecast, 1.0% previous
•French GDP (YoY) (Q2) 0.8%,0.7% forecast, 0.6% previous
•French GDP (QoQ) (Q2) 0.3%, 0.3% forecast, 0.1% previous
•French HICP (MoM) (Aug) 0.5% , 0.5% forecast,0.3% previous
•French HICP (YoY) (Aug) 0.8% 0.9% forecast, 0.9% previous
•French Non-Farm Payrolls (QoQ) (Q2) 0.2% ,0.0% forecast, -0.1% previous
•French PPI (MoM) (Jul) 0.4% , -0.1% previous
•French PPI (YoY) (Jul) 0.4% , 0.3% previous
•German Unemployment Rate (Aug) 6.3% 6.3% forecast, 6.3% previous
•German Unemployment (Aug) 2.957M 2.970M previous
•German Unemployment n.s.a. (Aug) 3.025M ,2.979M previous
•Italian GDP (QoQ) (Q2) -0.1% -0.1% 0.3% previous
•Italian GDP (YoY) (Q2) 0.4%, 0.4%forecast,0.7% previous
•Italian CPI (MoM) (Aug) -0.1% , 0.4% previous
•Italian CPI (YoY) (Aug) 2.5%, 2.3% previous
•Italian CPI (EU-harmonised YoY) (Aug) 2.1%, 1.9% previous
•Italian CPI (EU-harmonised MoM) (Aug) 0.1%, 0.3%
Looking Ahead Economic Data(GMT)
•12:30 US Core PCE Price Index (YoY) (Jul) 2.9%forecast,2.8% previous
•12:30 US Goods Trade Balance (Jul) -90.20B forecast, -84.85B previous
•12:30 US Price index (YoY) (Jul) 2.6% forecast,2.6% previous
•12:30 US PCE price index (MoM) (Jul) 0.2% forecast , 0.3% previous
•12:30 US Personal Income (MoM) (Jul) 0.4% forecast , 0.3% previous
•12:30 US Personal Spending (MoM) (Jul) 0.5% forecast , 0.3% previous
•12:30 US Real Personal Consumption (MoM) (Jul) 0.1% previous
•12:30 US Retail Inventories Ex Auto (Jul) -0.1% previous
•12:30 US Wholesale Inventories (MoM) (Jul) 0.1% forecast ,0.1% previous
•12:30 Canada GDP Implicit Price (QoQ) (Q2) 0.60% previous
•12:30 Canada GDP (MoM) (Jun) 0.1% forecast , -0.1% previous
•12:30 Canada GDP (YoY) (Q2) 2.31% previous
•12:30 Canada GDP (QoQ) (Q2) 0.5% previous
•12:30 Canada GDP Annualized (QoQ) (Q2) -0.6% forecast ,2.2% previous
•13:45 US Chicago PMI (Aug) 46.6 forecast,47.1 previous
•14:00 US Michigan 1-Year Inflation Expectations (Aug) 4.9% forecast,4.9% previous
•14:00 US Michigan 5-Year Inflation Expectations (Aug) 3.9% forecast ,3.4% previous
•14:00 US Michigan Consumer Expectations (Aug) 57.2 forecast 57.7 previous
•14:00 US Michigan Consumer Sentiment (Aug) 58.6 61.7 previous
•14:00 US Michigan Current Conditions (Aug) 60.9 forecast, 68.0 previous
•15:00 Canada Budget Balance (YoY) (Jun) -6.50B previous
•15:00 Canada Budget Balance (Jun) -0.23B previous
•15:30 US Atlanta Fed GDPNow (Q3) 2.2%forecast,2.2% 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
European shares edged lower on Friday as British bank stocks slid, while investors geared up for a slew of euro zone data and a key U.S. inflation report for cues on the potential timing of interest rate cuts on both sides of the Atlantic.
At GMT (12:32) UK's benchmark FTSE 100 was last trading down at 0.19 percent, Germany's Dax was down by 0.24 percent, France’s CAC was down by 0.40 percent.
Commodities Recap
Gold prices edged lower on Friday, but were set for a monthly gain ahead of U.S. inflation data that will provide more cues on the Federal Reserve's rate cut trajectory.
Spot gold was down 0.3% at $3,407.14 per ounce, as of 1048 GMT. Bullion has gained 3.6% in August and hit $3,423.16 on Thursday, its highest level since July 23.
Oil prices fell on Friday, but were set for a weekly gain, tugged between uncertainty about Russian supply and expectations of lower demand as the summer driving season in the United States, the world's biggest fuel consumer, nears its close.
Brent crude futures for October delivery , which will expire on Friday, fell 40 cents, or 0.6%, to $68.22 by 1200 GMT, while the more active contract for November was down 19 cents, or 0.3%, to $67.79. West Texas Intermediate crude futures were down 20 cents, or around 0.3%, at $64.4.