Posted at 07 January 2026 / Categories Market Roundups
Market Roundup
• German Retail Sales (MoM) (Nov): -0.6%, 0.2% forecast, 0.3% previous.
•German Retail Sales (YoY) (Nov): 1.1%, 2.1% previous.
•German CPI (YoY) (Dec): 1.7%, 2.2% previous.
•German CPI (MoM) (Dec): 0.0%, -0.2% previous.
•HCOB France Construction PMI (Dec): 43.4, 43.6 previous.
•HCOB Germany Construction PMI (Dec): 50.3, 45.2 previous.
•HCOB Italy Construction PMI (Dec): 47.9, 48.2 previous.
•German Unemployment Rate (Dec): 6.3%, 6.3% forecast, 6.3% previous.
•German Unemployment Change (Dec): 3K, 5K forecast, 1K previous.
•German Unemployment (Dec): 2.977M, 2.973M previous.
•German Unemployment n.s.a. (Dec): 2.910M, 2.885M previous.
•UK S&P Global Construction PMI (Dec): 40.1, 42.4 forecast, 39.4 previous.
•UK Housing Equity Withdrawal (QoQ): -10.9B, -8.7B forecast, -17.9B previous.
•EU CPI (YoY) (Dec): 2.0%, 2.0% forecast, 2.1% previous.
•EU Core CPI (YoY) (Dec): 2.3%, 2.4% forecast, 2.4% previous.
•EU CPI (MoM) (Dec): 0.2%, -0.3% previous.
•EU HICP ex Energy & Food (YoY) (Dec): 2.3%, 2.4% forecast, 2.4% previous.
•EU CPI, n.s.a. (Dec): 129.56, 129.33 previous.
Looking Ahead Economic Data (GMT)
•15:00 US ISM Non-Manufacturing PMI (Dec): 52.2 forecast, 52.6 previous.
•15:00 US JOLTS Job Openings (Nov): 7.610M forecast, 7.670M previous.
•15:00 Canada Ivey PMI (Dec): 49.5 forecast, 48.4 previous.
•15:00 US ISM Non-Manufacturing Employment (Dec): 48.9 previous.
•15:00 US ISM Non-Manufacturing Prices (Dec): 65.4 previous.
•15:00 US ISM Non-Manufacturing New Orders (Dec): 52.9 previous.
•15:00 US ISM Non-Manufacturing Business Activity (Dec): 54.5 previous.
•15:00 US Factory Orders (MoM) (Oct): -1.1% forecast, 0.2% previous.
•15:00 US Factory Orders ex Transportation (MoM) (Oct): 0.2% previous.
•15:00 US Durables Excluding Transport (MoM) (Oct): 0.2% previous.
•15:00 US Durables Excluding Defense (MoM) (Oct): -1.5% forecast, -1.5% previous.
•15:00 US Crude Oil Inventories: -1.200M forecast, -1.934M previous.
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro dipped against dollar on Wednesday ahead of a slew of U.S. economic data that could set the tone for the Federal Reserve's rate outlook, a factor traders consider more consequential for currencies than ongoing geopolitical tensions. Investors expect at least two interest rate cuts by the Federal Reserve this year, while they look to U.S. non-farm payroll data on Friday for more clues. The JOLTS survey and ADP private payrolls data on Wednesday may also set the market tone.Meanwhile,markets have thus far largely brushed off deepening geopolitical fractures around the world, with stocks rallying and currencies and bonds little budged following the U.S. intervention in Venezuela and the capture of President Nicolas Maduro.Immediate resistance can be seen at 1.1793(23.6%fib), an upside break can trigger rise towards 1.1828(Higher BB).On the downside, immediate support is seen at 1.1731(38.2%fib), a break below could take the pair towards 1.1680(50%fib).
GBP/USD: Sterling dipped on Wednesday as traders were in a wait-and-see mode ahead of a batch of U.S. labour market data, with figures on private payrolls and job openings due later in the day, before Friday's closely watched nonfarm payrolls report comes due. Investors have struggled to get an accurate read of the world's largest economy following a record U.S. government shutdown last year which hampered the collection and release of key economic data.However, they remain convinced that the Fed will cut rates two more times this year that has weighed on the dollar, though growing divisions within the Fed and U.S. President Donald Trump's imminent pick for the next Fed Chair have further complicated the outlook for U.S. monetary policy.Immediate resistance can be seen at 1.3577(38.2%fib), an upside break can trigger rise towards 1.3620(Higher BB).On the downside, immediate support is seen at 1.3459 (50%fib), a break below could take the pair towards 1.3426(SMA 20).
AUD/USD: The Australian dollar eased from 15-month high on Wednesday as investors digested Australia’s softer-than-expected CPI release. Australian consumer prices rose by less than forecast in November, data showed on Wednesday, but core inflation showed enough stickiness that investors still saw a risk interest rates would have to be hiked as early as next month.Data from the Australian Bureau of Statistics showed that its monthly consumer price index (CPI) was unchanged in November from the previous month, while the annual pace slowed to 3.4% from 3.8%. Median forecasts had been for rises of 0.3% and 3.7%, respectively. The trimmed mean measure of core inflation increased by 0.3% in the month, taking that annual rate to 3.2%, compared to 3.3% in October. That was still above the RBA's target range of 2%-3%. Immediate resistance can be seen at 0.6695(23.6%fib), an upside break can trigger rise towards 0.6726(Higher BB).On the downside, immediate support is seen at 0.6654(Daily low), a break below could take the pair towards 0.6609(38.2%fib)
USD/JPY: The dollar edged lower against the yen firmed as cautious sentiment supported demand for the safe-haven Japanese currency. Fiscal concerns in Japan continue to linger following cabinet approval of Prime Minister Sanae Takaichi’s record ¥122.3 trillion budget.BoJ Governor Kazuo Ueda reiterated on Monday that the central bank would press ahead with policy tightening if economic and inflation conditions unfold as projected. Meanwhile, survey data showed Japan’s services sector lost momentum in December, with weaker demand outweighing gains in export orders.The final S&P Global Japan Services PMI slipped to 51.6 from 53.2, undershooting the flash estimate of 52.5 but remaining above the expansion threshold for a ninth consecutive month. Immediate resistance can be seen at 157.55(23.6%fib) an upside break can trigger rise towards 158.00(Psychological level) .On the downside, immediate support is seen at 156.19 (SMA 20) a break below could take the pair towards 155.03 (38.2%fib).
Equities Recap
European stocks were muted on Wednesday after a run of record highs, as investors paused to assess developments between the U.S. and Venezuela and awaited new economic data.
At (GMT 13:38),UK's benchmark FTSE 100 was last trading down at 0.64 percent, Germany's Dax was up by 0.69 percent, France’s CAC was last up by 0.03 percent.
Commodities Recap
Gold prices slipped on Wednesday as investors took profits after a months-long rally that pushed the metal to record highs, with a firmer dollar adding pressure.
Spot gold dropped 1% to $4,452.97 per ounce, as of 1138GMT, after briefly touching a more than one-week high earlier in the session. Bullion had hit a record high of $4,549.71 on December 26.
U.S. gold futures for February delivery were down 0.7%at $4,462.70.
Crude prices were little changed on Wednesday after President Donald Trump said the U.S. had agreed to import as much as $2 billion of Venezuelan oil, a move seen as increasing supply.
Brent crude futures gained 11 cents to $60.81 a barrel by 1259 GMT, after earlier in the session falling to $59.88 a barrel. U.S. West Texas Intermediate crude fell 7 cents to $57.06 a barrel, after dropping to as low as $55.76.