Posted at 30 August 2025 / Categories Market Roundups
Market Roundup
• US Goods Trade Balance (Jul) -103.60B ,-90.20B forecast, -84.85B previous
• US PCE Price Index (YoY) (Jul) 2.6%, 2.6% forecast, 2.6% previous
• US PCE Price Index (MoM) (Jul) 0.2% 0.2% forecast, 0.3% previous
• US Personal Income (MoM) (Jul) 0.4%, 0.4% forecast, 0.3% previous
• US Personal Spending (MoM) (Jul) 0.5%, 0.5% forecast, 0.4% previous
• US Real Personal Consumption (MoM) (Jul) 0.3% ,0.1% previous
• US Retail Inventories Ex Auto (Jul) 0.1%, -0.1% previous
• US Wholesale Inventories (MoM) (Jul) 0.2% 0.1% 0.1% previous
•Canada GDP Implicit Price (QoQ) (Q2) 0.00% 0.70% previous
•Canada GDP (QoQ) (Q2) -0.4% ,0.5% previous
•Canada GDP (MoM) (Jun) -0.1% ,0.1% forecast,-0.1% previous
•Canada GDP (YoY) (Q2) 1.21% ,2.26% previous
•Canada GDP Annualized (QoQ) (Q2) -1.6% ,-0.6% forecast, 2.0% previous
•Canada GDP (MoM) (Jul) 0.1%, -0.1% previous
• US Chicago PMI (Aug) 41.5 ,46.6 forecast,47.1 previous
• US All Truck Sales (Aug) 13.80M ,13.80M previous
• US Michigan 1-Year Inflation Expectations (Aug) 4.8% ,4.9% forecast, 4.9% previous
14:00 USD Michigan 5-Year Inflation Expectations (Aug) 3.5%, 3.9% forecast,3.4% previous
• US Michigan Consumer Expectations (Aug) 55.9 ,57.2 forecast,57.7 previous
• US Michigan Consumer Sentiment (Aug) 58.2 ,58.6 forecast, 61.7 previous
• US Michigan Current Conditions (Aug) 61.7, 60.9 forecast,68.0 previous
• US Atlanta Fed GDPNow (Q3) 3.5% ,2.2% forecast,2.2% previous
•Canada Budget Balance (YoY) (Jun) -3.34B , -6.50B previous
•U.S. Baker Hughes Total Rig Count 536 , 538 previous
Looking Ahead Economic Data(GMT)
•No Data Ahead
Looking Ahead Events and Other Releases(GMT)
•No Data Ahead
Currency Summaries
EUR/USD : The euro firmed on Friday as dollar weakened after U.S. inflation data kept alive expectations of a September interest rate cut.The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose 0.2% in July, versus an unrevised 0.3% increase in June and matching the estimate of economists.In the 12 months through July, PCE inflation increased 2.6% after climbing 2.6% in June. Stripping out the volatile food and energy components, the so-called core PCE Price Index increased 0.3% last month. That followed a 0.3% rise in core inflation in June.The euro was last up 0.11% at $1.1696. The dollar index, which measures the greenback against a basket of currencies, fell 0.09% to 97.79..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 initially dipped but recovered ground as after U.S. inflation data kept alive expectations of a September interest rate cut. U.S. consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe the signs of strong domestic demand would prevent the Federal Reserve from cutting interest rates next month against a backdrop of softening labor market conditions. The report from the Commerce Department on Friday showed mild price pressures from tariffs on imports. The data keeps the Fed on track for a widely expected rate cut at its upcoming meeting on September 16-17. Money markets are pricing in an 87% chance of an easing, up from 63% a month earlier, CME's FedWatch tool showed. 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).
USD/CAD: The Canadian dollar edged higher against the U.S. dollar on Friday as markets absorbed key economic data from both sides of the border. U.S. consumer spending increased solidly in July while underlying inflation picked up as tariffs on imports raised prices of some goods. The U.S. Personal Consumption Expenditures Price index rose 0.2% month-on-month, and was up 2.6% on a year-on-year basis - both in line with expectations. Traders now see an 89% chance of a 25-basis-point Fed rate cut in September, up from 85% before the latest data (FedWatch).Meanwhile, Canada's economy contracted more than expected, falling 1.6% on an annualized basis in the second quarter, as exports significantly declined. The chances of a rate cut in Canada next month are now nearly a coin flip, with odds rising to 48.5% from 38% earlier in the day. Immediate resistance can be seen at 1.3776(38.2% fib), an upside break can trigger rise towards 1.3806 (SMA 20).On the downside, immediate support is seen at 1.3692(Lower BB), a break below could take the pair towards 1.3595(23.6%fib).
USD/JPY: The dollar eased against yen on Friday after U.S. inflation data kept alive expectations of a September interest rate cut. The U.S. Commerce Department reported on Friday that its Personal Consumption Expenditures (PCE) Price Index rose 0.2% last month after an unrevised 0.3% rise in June.The data keeps the Fed on track for a widely expected rate cut at its upcoming meeting on September 16-17. Money markets are pricing in an 87% chance of an easing, up from 63% a month earlier, CME's FedWatch tool showed. Traders are now pricing in 89% odds of a cut by the Federal Reserve next month, up from 84% before the data. Traders had increased bets on more cuts after Fed Chair Jerome Powell last Friday adopted an unexpectedly dovish tone. 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 closed lower, hitting their lowest in over two weeks, weighed down by British banks, while investors assessed economic data in the U.S. and the euro zone.
UK's benchmark FTSE 100 closed down by 0.32 percent, Germany's Dax ended down by 0.57 percent, France’s CAC finished the day down by 0.76 percent.
The S&P 500 closed lower on Friday, retreating from record highs as declines in Dell, Nvidia, and other AI-related stocks weighed on the index, while investors digested inflation data indicating tariffs are beginning to impact prices.
Dow Jones closed down by 0.20% percent, S&P 500 closed down by 0.64 % percent, Nasdaq settled down by 1.15% percent.
Commodities Recap
Gold climbed about 1% on Friday, heading for its strongest monthly gain since April, as U.S. inflation data fueled expectations of a potential Fed rate cut next month.
Spot gold was up 0.8% at $3,443.19 per ounce, as of 1:53 p.m. ET (1753 GMT), its highest level since July 17. Bullion has gained 4.7% in August.U.S. gold futures for December delivery settled 1.2% higher at $3,516.1.
Oil prices dropped on Friday as traders anticipated weaker demand in the U.S., the world’s largest oil market, alongside an expected supply increase this autumn from OPEC and its allies.
Brent crude futures for October delivery , which expired on Friday, settled at $68.12 a barrel, down 50 cents, or 0.73%. The more active contract for November finished down 53 cents, or 0.78%, at $67.45.