Posted at 23 July 2026 / Categories Market Roundups
Market Roundup
• French Business Survey (Jul) 101, 101 forecast, 100 previous
•UK CBI Industrial Trends Orders (Jul) -45, -40 forecast, -45 previous
•ECB Interest Rate Decision (Jul) 2.40%, 2.40% forecast, 2.40% previous
•Deposit Facility Rate (Jul) 2.25%, 2.25% forecast, 2.25% previous
•ECB Marginal Lending Facility 2.65%, 2.65% previous
•US Initial Jobless Claims 187K, 211K forecast, 209K previous
•US Retail Sales (MoM) (May) 1.0%, 1.0% forecast, 0.4% previous
•US Core Retail Sales (MoM) (May) 1.2%, 1.3% forecast, 0.0% previous
•US Continuing Jobless Claims 1,796K, 1,798K previous
•US Chicago Fed National Activity (Jun) -0.02, -0.19 previous
•US Jobless Claims 4-Week Avg. 207.50K, 214.75K previous
•US Retail Sales (MoM) (Jun) 0.4%, 1.0% previous
Looking Ahead Economic Data (GMT)
•16:00 KC Fed Manufacturing Index (Jul) 19 previous
•16:00 KC Fed Composite Index (Jul) 11 previous
•16:30 US 4-Week Bill Auction 3.660% previous
•16:30 US 8-Week Bill Auction 3.650% previous
Looking Ahead Events And Other Releases (GMT)
•N0 Events Ahead
Currency Summaries
EUR/USD : The euro slipped lower on Thursday as investors digested the European Central Bank rate decision. The European Central Bank kept borrowing costs on hold on Thursday but left room ?for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again.The ECB kept its benchmark deposit rate at 2.25% but ?said it was "closely monitoring the intensity and ?duration of the shock, as well as its ?indirect and second-round effects".The ECB raised ?rates for the ?first time in nearly three years in June but a string of ?benign data on prices, wages, economic activity ?and ?inflation expectations since then has made a quick follow-up step less urgent and policymakers have called for patience. The euro was last down 0.25% at $1.1384 .Immediate resistance can be seen at 1.1497(Higher BB), an upside break can trigger rise towards 1.1526(50%fib).On the downside, immediate support is seen at 1.1437(38.2%fib), a break below could take the pair towards 1.1324(23.6%fib).
GBP/USD :The pound dipped against dollar on Thursday as traders shifted focus to next week's Federal Reserve meeting for clues on the timing of potential interest rate hikes.The Fed meets next week, when the central bank is widely expected to keep interest rates unchanged, although futures markets are broadly positioned for at least one rate hike by year end.Interest rate sensitive two-year U.S. Treasury yields climbed to a 17-month high as rising oil prices stoked concerns that renewed energy disruptions could reignite inflation and increase the odds of Fed interest rate hikes. Britain's new prime minister, ?Andy Burnham, ?said he would lower business rates for pubs, clubs ?and live music venues by 20% from April, his third announcement in three days of measures ?to help households and businesses. Immediate resistance can be seen at 1.3454(Daily high), an upside break can trigger rise towards 1.3485(50%fib).On the downside, immediate support is seen at 1.3343(38.2%fib), a break below could take the pair towards1.3296(SMA 20).
AUD/USD: The Australian dollar dipped on Thursday as investors kept a close watch on the widening conflict in the Middle East. Australia's June labour market data significantly exceeded expectations, prompting markets to increase bets that the Reserve Bank of Australia will need to raise interest rates again to keep inflation in check. Figures from the Australian Bureau of Statistics showed employment jumped by 76,300 in June from May, marking the largest monthly increase since April last year. The data comfortably exceeded forecasts for a 15,300 rise and lifted the annual pace of employment growth to 1.7% from 1.0%, underscoring the strength of Australia's labour market.The jobless rate stayed at 4.4% as expected thanks to a rise in the participation rate to a one-year high of 67.0%. Immediate resistance can be seen at 0.6952 (SMA 20), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6875(23.6%fib), a break below could take the pair towards 0.6811(Lower BB).
USD/JPY: The dollar rose against the yen on Thursday as investors kept a close watch on the widening conflict in the Middle East.Oil prices rose for a fifth day on Thursday amid attacks on tankers in the Red Sea by Yemen's Houthis, while the U.S.-Israeli war on Iran has nearly shut the Strait of Hormuz.The greenback has found support as markets rein in expectations for U.S. rate cuts, with the American economy's lower vulnerability to energy shocks reinforcing demand for the greenback at the expense of the euro and the yen. Finance Minister Satsuki Katayama has warned that authorities would take decisive action if needed to address excessive yen weakness. Tokyo previously intervened in currency markets in April and May when the yen breached the 160-per-dollar level. Immediate resistance can be seen at 164.10(Higher BB) an upside break can trigger rise towards 164.00(Psychological level) .On the downside, immediate support is seen at 163.03(Daily low) a break below could take the pair towards 162.31(SAM20).
Equities Recap
European shares fell on Thursday after the European Central Bank kept interest rates unchanged but signalled scope for further policy tightening in the coming months, as the escalating Middle East conflict drove energy prices higher.
UK's benchmark FTSE 100 was down by 1.80 percent, Germany's Dax down up by 1.65 percent, France’s CAC was down by 1.80 percent.
Commodities Recap
Gold tumbled more than 2% on Thursday, retreating from a two-week high reached in the previous session, as escalating Middle East tensions drove energy prices higher, stoking inflation concerns and reinforcing expectations that the U.S. Federal Reserve could raise interest rates later this year.
Spot gold dropped 2.1% to $4,041.59 ?per ounce by 09:14 a.m. EDT (1314 GMT), having hit its highest level since ?July 7 on Wednesday.
Oil prices climbed to their highest level in nearly two months on Thursday, extending gains for a fifth consecutive session after Yemen's Houthis said they attacked two Saudi oil tankers, intensifying disruptions to global oil shipments through both the Red Sea and the Strait of Hormuz.
Brent crude futures were up by $5.83, or 6.2%, at $99.90 a barrel by 1310 GMT after reaching $100 a barrel for the first time since late May.U.S. West Texas ?Intermediate crude rose $4.41, or 5.08%, to $91.24, exceeding $90 a barrel for the first time since June 11.