Posted at 31 July 2026 / Categories Market Roundups
Market Roundup
•US Core PCE Price Index (MoM) (Jun) 0.1%, 0.2% forecast, 0.3% previous
•US Core PCE Price Index (YoY) (Jun) 3.3%, 3.3% forecast, 3.4% previous
•US GDP (QoQ) (Q2) 1.5%, 2.1% forecast, 2.1% previous
•US Initial Jobless Claims 197K, 201K forecast, 188K previous
•US PCE Price Index (MoM) (Jun) -0.1%, -0.1% forecast, 0.5% previous
•US PCE Price Index (YoY) (Jun) 3.7%, 3.7% forecast, 4.1% previous
•US Personal Spending (MoM) (Jun) 0.3%, 0.4% forecast, 0.9% previous
•US Core PCE Prices (Q2) 3.40%, 3.50% forecast, 4.40% previous
•US GDP Price Index (QoQ) (Q2) 6.3%, 4.1% forecast, 3.6% previous
•US Continuing Jobless Claims 1,782K, 1,800K forecast, 1,789K previous
•US Average Weekly Earnings (YoY) (May) 3.45%, 3.67% previous
•US Real Personal Consumption (MoM) (Jun) 0.4%, 0.4% previous
•US Real Consumer Spending (Q2) 3.2%, 0.5% previous
•US GDP Sales (Q2) 2.2%, 1.9% previous
•US PCE Prices (Q2) 5.1%, 4.6% previous
•US Personal Income (MoM) (Jun) 0.2%, 0.3% forecast, 0.7% previous
•US Jobless Claims 4-Week Avg. 202.75K, 207.75K previous
• Looking Ahead Economic Data (GMT)
•02:30 China Manufacturing PMI (Jul) 50.1forecast, 50.3 previous
•02:30 Australia PPI (YoY) (Q2) 3.0%, previous
•02:30 Australia PPI (QoQ) (Q2) 0.5%, 0.4% previous
•02:30 China Non-Manufacturing PMI (Jul) 50.0 forecast, 50.2 previous
•02:30 China Chinese Composite PMI (Jul) 50.6 previous
•02:30 Australia Private Sector Credit (MoM) (Jun) 0.6%, 0.7% previous
•02:30 Australia Housing Credit (Jun) 0.5% previous
• 04:00 Japan BoJ Interest Rate Decision 1.00% forecast, 1.00% previous
• Looking Ahead Events And Other Releases (GMT)
• 03:30 Japan BoJ Monetary Policy Statement
Currency Forecast
EUR/USD : The euro strengthened on Thursday as dollar weakened as investors assessed key economic data from the U.S. Data on Thursday showed the Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through June after advancing by an unrevised 4.1% in May, which was the largest gain since April 2023, the Commerce Department's Bureau of Economic Analysis said. The increase in PCE inflation was in line with economists' expectations.Separately, data showed U.S. economic growth slowed in the second quarter amid a widening in the trade deficit. Gross domestic product increased at a 1.5% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP. Economists polled by Reuters had forecast GDP rising at a 2.1% pace. Immediate resistance can be seen at 1.1532(50%fib), an upside break can trigger rise towards 1.14616(61.8%fib).On the downside, immediate support is seen at 1.1440(38.2%fib), a break below could take the pair towards 1.1332(23.6%fib).
GBP/USD : Sterling rose against the dollar on Thursday as investors digested Bank of England interest rate decision and assessed soft US economic data. U.S. economic growth slowed in the second quarter, while the Federal Reserve's preferred inflation measure, the PCE Price Index, matched market expectations, offering fresh insight into the outlook for U.S. monetary policy.The Bank of England left interest rates unchanged on Thursday as expected, though a third policymaker voted for a rate hike amid renewed tensions between the United States and Iran.The Monetary Policy Committee voted 6-3 to keep interest rates unchanged at 3.75%, compared with economists' expectations for a 7-2 vote split in favor of holding rates.Immediate resistance can be seen at 1.3476(38.2%fib), an upside break can trigger rise towards 1.3550(23.6%fib).On the downside, immediate support is seen at 1.3413(50%fib), a break below could take the pair towards1.3353(61.8%fib).
USD/CAD: The Canadian dollar climbed to a six-week high against its U.S. counterpart on Thursday as broad-based weakness in the U.S. dollar lifted the currency following the Federal Reserve's decision to leave interest rates unchanged. The greenback also came under pressure as speculation of Japanese currency intervention boosted the yen, while investors questioned whether the Fed's new Chair, Kevin Warsh, would remain committed to tackling inflation. Meanwhile, oil prices, a key driver for the commodity-linked Canadian dollar, slipped 0.3% to $84.22 a barrel as markets assessed Saudi Arabia-led plans to strengthen maritime security in the Red Sea. Against this backdrop, the loonie rose 0.4% to 1.4012 per U.S. dollar its strongest intraday level since June 17.Immediate resistance can be seen at 1.4068(Daily high), an upside break can trigger rise towards 1.4099(38.2%fib).On the downside, immediate support is seen at 1.3993 (50%fib), a break below could take the pair towards 1.3949(Lower BB).
USD/JPY: The U.S. dollar fell sharply on Thursday as Tokyo intervened in the currency markets before the Bank of Japan's policy decision.Japan conducted yen-buying, dollar-selling market intervention in New York session , pulling the sagging currency from four-decade lows.The Bank of Japan will announce its monetary policy decision later in the day. The central bank is widely expected to keep policy steady and signal its resolve to continue pushing up borrowing costs, as mounting price pressures from the weak yen and Middle East conflict risk driving underlying inflation above its target. Immediate resistance can be seen at 160.55 (50%fib) an upside break can trigger rise towards 161.95(38.2%fib) .On the downside, immediate support is seen at 59.23(61.8%fib) a break below could take the pair towards 157.99(Daily low).
Equities Recap
European stocks closed sharply higher on Thursday, supported by stronger-than-expected EU GDP data and upbeat corporate earnings that boosted investor sentiment..
UK's benchmark FTSE 100 closed down by 0.10 percent, Germany's Dax ended up by 0.60 percent, France’s CAC finished the day up by 0.92 percent.
Wall Street closed sharply higher on Thursday, led by a surge in chip stocks and Microsoft, which posted its biggest one-day gain in 18 years after issuing a strong outlook that eased investor concerns over heavy spending on AI infrastructure.
Dow Jones closed up by 1.19 % percent, S&P 500 closed up by 1.67% percent, Nasdaq settled up by 2.78% percent.
Commodities Recap
Gold rose on Thursday as the U.S. dollar weakened and inflation eased, with traders dialing back bets on interest rate hikes a day after Federal Reserve Chair Kevin Warsh offered little clarity on policy.
Spot gold was up 1% at $4,104.59 per ounce by 1:40 p.m. EDT (1740 GMT). U.S. gold futures ?for August delivery gained 1.6% to settle at $4,160.60.
Oil prices settled lower on Thursday after a volatile session as investors weighed plans for a Saudi Arabia-led maritime coalition to strengthen security cooperation in the Red Sea.
Brent futures settled down $1.71, or 1.88%, at $89.03 a barrel. Trade was choppy and Brent touched a session high of $93.31 after Washington and Tehran traded ?strikes on each other's military targets again. U.S. West Texas Intermediate crude futures settled down 87 cents, or 1.03%, at $83.59, after hitting a high of $85.94.