Posted at 29 July 2026 / Categories Market Roundups
Market Roundup
•US ADP Employment Change (Jul) 15.00K, forecast, 16.50K previous
•US Retail Inventories Ex Auto (Jun) -0.2%, forecast, 0.2% previous
•US Goods Trade Balance (Jun) -101.50B, -100.30B forecast, -105.89B previous
•US Wholesale Inventories (MoM) (Jun) 0.3%, 0.4% forecast, 0.1% previous
•US Redbook (YoY) 8.3%, forecast, 7.8% previous
•US S&P/CS HPI Composite - 20 n.s.a. (MoM) (May) 0.9%, forecast, 1.0% previous
•US S&P/CS HPI Composite - 20 n.s.a. (YoY) (May) 1.6%, 1.3% forecast, 1.2% previous
•US House Price Index (MoM) (May) 0.3%, 0.1% forecast, -0.1% previous
•US S&P/CS HPI Composite - 20 s.a. (MoM) (May) 0.2%, forecast, 0.0% previous
•US House Price Index (YoY) (May) 2.2%, forecast, 2.0% previous
•US House Price Index (May) 442.4, forecast, 441.3 previous
•US CB Consumer Confidence (Jul) 90.8, 92.4 forecast, 92.2 previous
Looking Ahead Economic Data (GMT)
• 02:30 Australia CPI (YoY) (Q2) 4.1% forecast, 4.1% previous
• 02:30 Australia Trimmed Mean CPI (QoQ) (Q2) 0.9% forecast, 0.8% previous
• 02:30 Australia CPI (QoQ) (Q2) 0.7%, forecast, 1.4% previous
• 02:30 Australia Weighted Mean CPI (YoY) (Q2) 3.5% previous
• 02:30 Australia Trimmed Mean CPI (YoY) (Q2) 3.7% forecast, 3.5% previous
• 02:30 Australia Weighted Mean CPI (QoQ) (Q2) 0.8% previous
• 02:30 Australia CPI Index Number (Q2) 101.70 previous
• 02:30 Australia Weighted Mean CPI (YoY) (Jun) 4.00% forecast, 4.00% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Tuesday as investors tracked developments in the Middle East, movements in oil prices, and awaited the U.S. Federal Reserve’s policy decision.Oil prices extended their decline, falling to their lowest levels in more than a week as optimism grew that diplomatic efforts could bring an end to the U.S.-Israeli conflict with Iran. U.S. President Donald Trump said on Monday that Washington was engaged in “good talks” with Iran and that a potential resolution remained possible, though he warned that U.S. strikes would resume if negotiations failed. Iran also signalled that it would respond if hostilities continued.Market attention now turns to upcoming euro zone economic releases, including preliminary second-quarter GDP data, July economic sentiment and consumer confidence figures, flash inflation data, and June unemployment numbers, which could provide fresh clues on the region’s economic outlook and the European Central Bank’s policy path. Immediate resistance can be seen at 1.1414(SMA 20), an upside break can trigger rise towards 1.1447(38.2%fib).On the downside, immediate support is seen at 1.1363(23.6%fib), a break below could take the pair towards 1.1342(Lower BB).
GBP/USD : The pound traded in narrow on Tuesday as investors awaited this week's major central bank decisions.The Fed concludes its two-day policy meeting on Wednesday, with some major brokerages warning that policymakers could raise rates, given this month's surge in oil prices.Bank of England and the Bank of Japan are widely expected to keep interest rates unchanged at their ?meetings on Thursday and Friday, respectively, and caution against rising inflation.Markets increasingly expect the Bank of England to leave interest rates unchanged on Thursday following softer labour market figures.The BOJ is expected to keep the prospect of further rate hikes alive to support the currency, though policymakers are likely to remain vague on the timing and ?pace of any tightening. Immediate resistance can be seen at 1.3376(50%fib), an upside break can trigger rise towards 1.3376 (61.8%fib).On the downside, immediate support is seen at 1.3272(38.2%fib), a break below could take the pair towards1.3222(Lower BB).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Tuesday as investors looked ahead to this week's Federal Reserve interest rate decision, while lower oil prices capped gains in the commodity-linked currency.The threshold for a Federal Reserve rate hike on Wednesday appears higher than implied by futures markets, as softer-than-expected inflation data and a renewed pause in hostilities between the United States and Iran have reduced the urgency for tighter monetary policy. However, investors also believe that if the Fed does raise rates, it could signal that further policy tightening remains on the table.Attention will also turn to the Bank of Canada's meeting minutes, due on Wednesday. Earlier this month, the central bank left its benchmark interest rate unchanged at 2.25% and said economic growth was expected to strengthen in the second half of the year as inflationary pressures continued to ease.Immediate resistance can be seen at 1.4180(SMA 20), an upside break can trigger rise towards 1.4252(Higher BB).On the downside, immediate support is seen at 1.4139(38.2%fib), a break below could take the pair towards 1.4115(Lower BB).
USD/JPY: The U.S. dollar edged higher on Tuesday as investors awaited a series of major central bank decisions this week, led by the Federal Reserve's policy announcement. Currency markets are expected to remain range-bound until policymakers provide fresh guidance on the outlook for interest rates.The Bank of Japan is widely expected to leave interest rates unchanged on Friday while maintaining a hawkish bias, keeping the door open to further policy tightening as inflationary pressures intensify due to the Middle East conflict, a weaker yen and robust global demand for artificial intelligence. However, policymakers are likely to refrain from offering firm guidance on the timing of future rate hikes, opting instead to assess whether higher producer prices driven by rising energy costs feed through to broader inflation. Investors will closely monitor the BOJ's quarterly outlook report and Governor Kazuo Ueda's post-meeting press conference for clues on when the central bank could deliver its next rate increase. Immediate resistance can be seen at 163.99 (23.6%fib) an upside break can trigger rise towards 164.44(Hiigher BB) .On the downside, immediate support is seen at 163.42(July 27th low) a break below could take the pair towards 162.50(SMA20).
Equities Recap
European equities extended gains for a third consecutive session on Tuesday, with upbeat results from Unilever lifting consumer-focused stocks and outweighing declines elsewhere amid a busy earnings season.
UK's benchmark FTSE 100 closed up by 0.83 percent, Germany's Dax ended up by 0.41 percent, France’s CAC finished the day up by 0.63 percent.
The S&P 500 closed higher on Tuesday as gains in Boeing and Coca-Cola offset sharp losses in chipmakers, with investors looking ahead to quarterly earnings from Apple and other major technology companies later this week.
Dow Jones closed up by 1.03 % percent, S&P 500 closed up by 0.22% percent, Nasdaq settled down by 0.22% percent
Commodities Recap
Oil prices fell around 5% on Tuesday to a two-week low as cautious optimism grew that the pause in fighting between the United States and Iran could pave the way for diplomatic negotiations and a potential end to the conflict.
Brent futures fell $4.27, or 4.8%, to settle at $84.09 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $3.35, or 4.1%, to settle at $79.26.
Gold prices declined to a one-week low on Tuesday as a stronger U.S. dollar weighed on demand for the precious metal.
Spot gold fell 1.2% to $4,026.49 per ounce by ?2:25 p.m. EDT (1825 GMT), after touching its lowest level since July 21 earlier in ?the session. U.S. gold futures for August delivery slid 0.9% to settle ?at $4,038.70.