Posted at 29 July 2026 / Categories Market Roundups
Market Roundup
• German Import Price Index (YoY) (Jun) 6.1%, 6.0% forecast, 6.8% previous
•UK M4 Money Supply (MoM) (Jun) 0.8%, 0.2% forecast, 0.1% previous
•UK Mortgage Approvals (Jun) 58.20K, 57.00K forecast, 56.57K previous
•UK Mortgage Lending (Jun) 7.73B, 3.95B forecast, 3.27B previous
•UK BoE Consumer Credit (Jun) 1.807B, 1.700B forecast, 1.723B previous
•UK M3 Money Supply (Jun) 3,308.8B, forecast, 3,281.7B previous
•UK Net Lending to Individuals (Jun) 9.500B, 5.500B forecast, 5.000B previous
Looking Ahead Economic Data (GMT)
•15:30 US Crude Oil Inventories -1.700M forecast, 2.010M previous
•15:30 US Cushing Crude Oil Inventories -0.674M previous
•15:30 US EIA Weekly Distillates Stocks 0.500M forecast, 1.395M previous
•15:30 US Gasoline Inventories -1.710M forecast, 0.765M previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Wednesday as traders awaited a Federal Reserve interest rate decision later in the day. U.S. Federal Reserve ?is not expected to make ?any changes to monetary ?policy on Wednesday, but its chief, Kevin Warsh's, policy statement will be parsed for any hints on the central bank's next likely move. On the geopolitical front, The United States and Saudi Arabia launched joint strikes on Iran-backed groups in Iraq on Wednesday, accusing them of carrying out drone attacks on Saudi oil facilities, marking a fresh escalation in regional tensions. The euro edged down 0.09% to $1.1378. 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 : Sterling held near four-week lows against the dollar on Wednesday as market participants remained on the sidelines awaiting an action-packed week of key central bank decisions, including the Bank of England and Bank of Japan.The Bank of England's policy decision on Thursday, where it is widely expected to keep interest rates steady, comes at a crucial time in Britain's political climate, as Andy Burnham became the country's seventh prime minister in a decade. The pound was last trading at $1.3291, but remained near its weakest trading levels since July 2. 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).
AUD/USD: The Australian dollar eased on Wednesday after Australia's second-quarter inflation data came in slightly below market expectations, reducing expectations that the Reserve Bank of Australia will need to tighten monetary policy further in the near term.Australia's headline CPI rose 0.6% quarter-on-quarter and 4.0% year-on-year in the second quarter, missing Reuters poll forecasts of 0.7% and 4.1%, respectively. The trimmed mean CPI, the RBA's preferred core inflation measure, increased 0.8% quarter-on-quarter, below the expected 0.9%, while annual trimmed mean inflation slowed to 3.6%, compared with market expectations of 3.7%.The softer reading suggested inflationary pressures continue to ease, reinforcing expectations that the RBA may adopt a more cautious policy stance. Immediate resistance can be seen at 0.7026 (Higher BB), an upside break can trigger rise towards 0.7000(Psychological level).On the downside, immediate support is seen at 0.6969(38.2%fib), a break below could take the pair towards 0.6913(July 17th low).
USD/JPY: The U.S. dollar eased on Wednesday as yen gained ahead of the Federal Reserve's closely watched policy announcement. Markets largely expect the U.S. central bank to keep interest rates unchanged, though the outlook remains clouded by persistent inflation concerns among a growing number of Fed policymakers. The Fed decision and commentary will be closely watched for signals on the timing and scope of any future rate moves, against the backdrop of crude price volatility due to the Iran war. Traders remain cautious over the possibility of Japanese foreign exchange intervention if USD/JPY extends its gains. However, the Ministry of Finance has not intervened in the market recently, and any attempt to support the yen could prove more challenging. 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 shares edged lower on Wednesday as investors sold technology stocks ahead of major U.S. Big Tech earnings, overshadowing strong results from Kering while keeping a close watch on the Middle East crisis.
UK's benchmark FTSE 100 was up by 0.31percent, Germany's Dax was down by 0.09 percent, France’s CAC was down by 0.66 percent.
Commodities Recap
Oil ?prices rose by about $3 a barrel on Wednesday after joint strikes in Iraq by the United States and Saudi Arabia, and the interception of Iran's ballistic missiles aimed at U.S. forces in the Middle East, while U.S. crude inventories shrank.
Brent futures increased by $3.15, or 3.8%, to $87.24 a barrel by 0520 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.73, ?or 3.4%, to $81.99 a barrel.
Gold edged lower on Wednesday, pressured by a firm dollar and elevated U.S. Treasury yields, while investors awaited the U.S. Federal Reserve's interest-rate decision and remarks from Chair Kevin Warsh later in the day for clues on its policy path.
Spot gold fell 0.2% to $4,020.69 ?per ounce by 0849 EDT (1121 GMT), while U.S. gold futures for August delivery ?lost 0.4% to $4,019.40.