Posted at 03 August 2026 / Categories Market Roundups
Market Roundup
• Australia Judo Bank Manufacturing PMI (Jul) 52.0, 51.7 forecast, 51.5 previous
•Japan au Jibun Bank Manufacturing PMI (Jul) 54.5%, 54.7% forecast, 54.7% previous
•Australia MI Inflation Gauge (MoM) (Jul) 1.0%, -0.4% previous
•China Caixin Manufacturing PMI (Jul) 50.9%, 51.9% forecast, 51.7% previous
•Australia ANZ Job Advertisements (MoM) (Jul) 2.0%, -0.2% previous
•German Retail Sales (MoM) (Jun)-1.1%, -0.4% forecast, 1.2% previous
•German Retail Sales (YoY) (Jun) -0.2%, -2.8% previous
Looking Ahead Economic Data (GMT)
•08:50 HCOB France Manufacturing PMI (Jul) 50.0 forecast, 50.0 previous
•08:55 HCOB Germany Manufacturing PMI (Jul)52.2 forecast, 52.2 previous
•09:00 HCOB Eurozone Manufacturing PMI (Jul) 52.0 forecast,52.0 previous
•09:00 S&P Global Greece Manufacturing PMI (Jul) 53.8 previous
•09:30 UK S&P Global Manufacturing PMI (Jul)52.8 forecast,52.8 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro eased against dollar on Monday after U.S. President Donald Trump held off on fresh attacks on Iran in hopes of a swift deal. U.S. President Donald Trump said talks ?with Iran will happen on Monday but declined to set a deadline for an agreement after earlier saying he had called off an imminent attack in hopes of quickly reaching a deal to reopen the Strait of Hormuz and resolve the impasse over Tehran's nuclear capabilities.Trump's apparent de-escalation after days of threats of new attacks from each side was the latest twist in the war. Attacks have spread across the Gulf to the Red Sea and even a Mediterranean facility ?in Egypt. Immediate resistance can be seen at 1.1535(50%fib), an upside break can trigger rise towards 1.1600(psychological level).On the downside, immediate support is seen at 1.1442(38.2%fib), a break below could take the pair towards 1.1422(SMA 20).
GBP/USD : Sterling dipped against dollar on Monday as hopes of a peace deal ?in the Middle East grew. Trump told reporters on Sunday ?that a negotiation would begin on Monday afternoon but did not provide details of where it would take place or ?who would be involved. The U.S. president has argued that his stated goal of keeping Iran from gaining nuclear weapons justifies higher fuel costs in the near term, but ?the economic pain has put political pressure on him to find a way to end the conflict.The U.S. president has argued that his stated goal of keeping Iran from gaining nuclear weapons justifies higher fuel costs in the near term, but ?the economic pain has put political pressure on him to find a way to end the conflict. Market participants will also focus on a slew of U.S. jobs reports due this week, including job openings data, the ADP employment report, weekly jobless claims and the nonfarm payrolls report. . Immediate resistance can be seen at 1.3474(38.2%fib), an upside break can trigger rise towards 1.3543(23.6%fib).On the downside, immediate support is seen at 1.3414(50%fib), a break below could take the pair towards1.3395(SMA 20).
AUD/USD: The Australian dollar eased on Monday as the Australian dollar lost momentum as concerns over further Japanese yen intervention eased.Japan and the United States officially confirmed last week's coordinated currency action and pledging to continue efforts to address excessive yen volatility.China's weaker manufacturing data also weighed on the Australian dollar. The RatingDog China Manufacturing PMI fell to 50.9 in July from 51.7 in June, missing expectations of 51.5, signalling a slowdown in factory activity and softer demand conditions.Markets now await Australia's June and second-quarter household spending data, which are expected to provide further clues on consumer strength and the outlook for domestic demand. Immediate resistance can be seen at 0.6971(SMA20), an upside break can trigger rise towards 0.6984(50%fib).On the downside, immediate support is seen at 0.6917 (38.2%fib), a break below could take the pair towards 0.6899(Lower BB).
USD/JPY: The U.S. dollar dipped against yen on Monday as traders were on alert for further intervention after Tokyo and Washington jointly intervened in the foreign exchange market.Japan's Finance Ministry said on Monday that Tokyo and Washington jointly intervened in currency markets to bolster the yen, adding that authorities remain ready to take additional measures to counter excessive weakness in the curreny. Japan's Finance Ministry said Friday's yen-buying intervention, conducted in coordination with the U.S. Treasury Department, was aimed at countering excessive volatility and disorderly movements in the yen in recent months.The yen has remained under pressure for years as the Bank of Japan's gradual approach to monetary policy tightening kept yield differentials with other major economies wide. Immediate resistance can be seen at 157.3` (50%fib), an upside break can trigger rise towards 157.88.On the downside, immediate support is seen at 155.25(Daily low) a break below could take the pair towards 155.00 (Psychological level).
Equities Recap
Japan's Nikkei fell on Monday as the yen surged after Japan and the U.S. confirmed a rare joint currency intervention.
Japan’s Nikkei 225 was down by 1.02% , KOSPI was down at 5.12%, China A50 was down at 1.20%
Commodities Recap
Oil prices dropped and stock futures gained on hopes of a Middle East peace deal, while the yen climbed to a three-month high after Japan-US intervention to support the currency.
Brent crude futures sank more than 4% to $83.88 a barrel after U.S. President Donald Trump said talks with Iran will happen on Monday.
Gold prices rose on Monday as oil prices declined after U.S. President Donald Trump paused plans for further strikes on Iran, raising hopes for a quick agreement and easing concerns over inflation and potential interest rate increases.
Spot gold was up 0.7% at $4,068.54 per ounce, as of 0437 GMT. U.S. gold ?futures rose 0.9% to $4,066.60.