Posted at 25 July 2026 / Categories Market Roundups
Market Roundup
• US Building Permits (MoM) (Jun) -2.6%, -3.0% forecast, -0.9% previous
•Canada RMPI (MoM) (Jun) -6.90%, -1.50% forecast, 0.50% previous
•Canada New Housing Price Index (MoM) (Jun) -0.10%, -0.20% forecast, -0.30% previous
•Canada Wholesale Sales (MoM) (Jun) 2.70%, 0.00% previous
•Canada RMPI (YoY) (Jun) 20.70%, 33.40% previous
•Canada IPPI (YoY) (Jun) 12.40%, 14.30% previous
•Canada IPPI (MoM) (Jun) -1.40%, -0.40% forecast, 1.40% previous
•Canada Manufacturing Sales (MoM) -0.10%, 1.30% previous
•US S&P Global Manufacturing PMI (Jul) 53.80, 54.40 forecast, 53.90 previous
•US S&P Global Services PMI (Jul) 53.60, 51.30 forecast, 51.20 previous
•US S&P Global Composite PMI (Jul) 53.60, 51.90 previous
•US New Home Sales (Jun) 628K, 609K forecast, 618K previous
•US New Home Sales (MoM) (Jun) 1.60%, -4.30% previous
Looking Ahead Economic Data (GMT)
• No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro dipped on Friday as high oil prices stemming from the Middle East conflict stoked concerns about inflation and rate hikes. Markets show traders believe central banks are more likely to raise borrowing costs, with a one-in-three chance of a rate hike from the Fed as soon as next week - a sea change from merely a week ago - while a move in September is more than fully priced in.The European Central Bank left rates unchanged on Thursday, but a September rate hike is about 70% priced in. Data on Friday offered a more optimistic economic outlook, after surveys of business activity showed Germany's private sector returned to growth in July for the first time in four months and contraction in France's private sector eased this month.Immediate resistance can be seen at 1.1412(38.2%fib), an upside break can trigger rise towards 1.1483(50%fib).On the downside, immediate support is seen at 1.1352(Lower BB), a break below could take the pair towards 1.1324(23.6%fib).
GBP/USD : The pound edged lower on Friday as investors weighed stronger-than-expected UK retail sales against rising geopolitical tensions in the Middle East.U.S. missiles struck targets across Iran, reaching as far as the Caspian coast, after President Donald Trump vowed "major military punishment" against Iran and its Houthi allies in Yemen for expanding the Middle East conflict.British retail sales unexpectedly rose in June, adding to signs of stronger economic activity as warm weather and the FIFA World Cup boosted consumer spending.Prime Minister Andy Burnham has pledged fiscal discipline and signalled a new economic model, but investors remain cautious as they await greater clarity on the government's policy plans.With geopolitical tensions and domestic uncertainties persisting, the near-term outlook for sterling remains tilted to the downside. Immediate resistance can be seen at 1.3357(Daily high), an upside break can trigger rise towards 1.3386(50%fib).On the downside, immediate support is seen at 1.3284(38.2%fib), a break below could take the pair towards1.3200(Higher BB).
USD/CAD: The Canadian dollar weakened against the U.S. dollar on Friday as investors assessed the impact of the latest U.S. tariff measures. The United States imposed new 10% and 12.5% tariffs on imports from 60 trading partners, including the European Union and China.Earlier this week, the United States announced 50% tariffs on a broad range of Canadian imports, effective August 19. Canada exports about 70% of its goods to the U.S., including crude oil, leaving its economy highly exposed to the new trade measures.U.S. crude futures settled 3.1% lower at $89.31 a barrel after reports that China had launched an initiative to revive stalled peace talks between the United States and Iran.On the data front, Canadian wholesale trade rose 2.7% in June from May, driven mainly by stronger sales in the machinery, equipment and supplies subsector, while manufacturing sales edged down 0.1%..Immediate resistance can be seen at 1.4245(23.6%fib), an upside break can trigger rise towards 1.4327(Higher BB).On the downside, immediate support is seen at 1.4139(SMA 20), a break below could take the pair towards 1.4101(38.2%fib).
USD/JPY: The U.S. dollar hovered near fresh four-decade low as the currency pair languishes at 40-year lows despite Japan's pledges to stabilise the currency.Verbal efforts to support the yen have seen muted results, with Japan's Finance Minister Satsuki Katayama once again reiterating on Friday the government's readiness to take action in the foreign exchange market.The U.S. Treasury Department on Thursday joined calls for rate hikes by the BOJ, warning that excessive currency volatility was undesirable.Markets have completely priced out any chance of a rate hike from the BOJ at its policy meeting next week. Against the Japanese yen the dollar weakened 0.04% to 163.78 but was up nearly 0.9% on the week, which would mark its strongest week since May 15. Immediate resistance can be seen at 162.73(23.6%fib) an upside break can trigger rise towards 163.00(Psychological level) .On the downside, immediate support is seen at 160.81(38.2%fib) a break below could take the pair towards 159.58(50%fib).
Equities Recap
European shares advanced on Friday after posting their steepest one-day decline in two weeks, supported by upbeat corporate earnings as investors assessed the impact of higher oil prices on monetary policy.
UK's benchmark FTSE 100 closed up by 0.91percent, Germany's Dax ended up by 1.31 percent, France’s CAC finished the day up by 0.88percent.
U.S. stocks were mixed on Friday as the Nasdaq came under pressure from a chip-sector selloff driven by concerns about AI-related spending, while easing oil prices provided Wall Street with some relief despite continued hostilities in the Middle East.
Dow Jones closed up by 0.45 % percent, S&P 500 closed up by 0.05% percent, Nasdaq settled down by 0.64% percent.
Commodities Recap
Oil futures dropped over 4% on Friday after sources said China had launched efforts to restart stalled negotiations between the United States and Iran, but prices were still set for hefty weekly gains.
Brent futures settled at $96.78 a barrel, down $3.91, or ?3.88%, having settled above $100 in the previous session for the first time since May. The contract remained on course for ?a gain of nearly 10% this week.
West Texas Intermediate (WTI) futures finished at $89.31 a barrel, down $2.88, or 3.12%, ?on track for an 8.27% weekly rise.
Gold edged higher on Friday as Brent crude retreated from above $100 a barrel, while investors monitored Middle East developments and assessed their impact on inflation and next week's U.S. interest rate decision.
Spot gold was up 0.1% at $4,052.78 per ounce by 4:10 ?p.m. EDT (2010 GMT), after falling about 2% in the previous session. Prices were up ?0.9% for the week so far, supported by dip-buying earlier in the week.U.S. gold futures ?for August delivery settled 0.5% higher at $4,070.80.