Posted at 05 August 2026 / Categories Market Roundups
Market Roundup
• Australia AIG Manufacturing Index (Jul) -19.6, -16.8 previous
•Australia AIG Construction Index (Jul) -40.6, -38.1 previous
•Australia Manufacturing & Services PMI (Jul) 53.20, 52.60 forecast, 50.40 previous
•Australia Judo Bank Services PMI (Jul) 53.6, 53.0 forecast, 50.5 previous
•Japan Overall wage income of employees (Jun) 3.4%, 3.4% forecast, 3.3% previous
•Japan Overtime Pay (YoY) (Jun) 2.80%, 2.80% previous
•Japan au Jibun Bank Services PMI (Jul) 51.2, 51.9 forecast, 52.2 previous
•Japan Manufacturing & Services PMI (Jul) 52.70, 53.10 forecast, 52.80 previous
•Italy HCOB Italy Services PMI (Jul) 52.5, 51.0 forecast, 50.2 previous
•Italy HCOB Italy Composite PMI (Jul) 52.5, 50.8 previous
•France HCOB France Services PMI (Jul) 49.6, 49.8 forecast, 46.8 previous
•France HCOB France Composite PMI (Jul) 49.4, 49.6 forecast, 47.2 previous
•Germany HCOB Germany Services PMI (Jul) 49.8, 49.6 forecast, 48.6 previous
•Germany HCOB Germany Composite PMI (Jul) 51.3, 51.2 forecast, 49.5 previous
•United Kingdom New Passenger Cars Registration (Jul) 1,56,571.0, 2,13,166.0 previous
•Eurozone HCOB Eurozone Services PMI (Jul) 51.7, 51.6 forecast, 49.4 previous
•Eurozone HCOB Eurozone Composite PMI (Jul) 52.0, 51.9 forecast, 50.0 previous
Looking Ahead Events And Other Releases (GMT)
•10:00 EU PPI (YoY) (Jun) 4.6% forecast,5.9% previous
•10:00 PPI (MoM) (Jun)-0.2% forecast,0.2% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against dollar on Wednesday as investors monitored efforts to end the U.S.-Iran war and reopen the blockaded Strait of Hormuz.Sentiment was supported as markets awaited signs of progress in the U.S.-Iran negotiations.U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations, fuelling expectations of ?an imminent end to the five-month conflict..Looking ahead, investors awaited awaiting a series of U.S. labour market reports this week for further insight into the Federal Reserve’s interest rate outlook. Key data releases include job openings later on Tuesday, the ADP employment report on Wednesday, and nonfarm payrolls data on Friday. 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 : The pound edged higher on Wednesday as broader risk sentiment supported sterling. Qatar said mediators were making progress in efforts to end the ?U.S.-Iran war, although Tehran has denied U.S. President Donald Trump's assertion that talks are already underway.Hopes of progress in U.S.-Iran peace efforts have eased oil prices, with WTI crude falling 1.6% on Wednesday. Lower energy prices reduced inflation concerns and provided additional support to risk-sensitive currencies. Traders were looking ahead to the ADP employment report ?due later ?in the day and the July payrolls report scheduled for Friday. 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 edged higher on Wednesday as improving global risk sentiment lifted demand for Australian dollar. Global risk sentiment improved as oil prices fell after Qatar said mediators were making progress toward ending the U.S.-Iran war, although few details were provided.Oil prices fell sharply, with Brent crude dropping around 6% as reports continued to suggest potential progress in Iran peace negotiations, easing concerns over global supply disruptions.Australia's private sector gathered pace at the start of the third quarter, led by stronger services activity that drove a broad-based expansion in business conditions. The S&P Global Australia Services PMI rose to 53.6 in July from 50.5 in June, the highest level in six months, while the Composite PMI advanced to 53.2 from 50.4. 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 initially dipped but recovered ground on Wednesday as markets assessed the likelihood of further official action from Japan .Market sentiment toward the yen was further supported by comments from U.S. Treasury Secretary Scott Bessent, who reiterated Washington's support for Japan's currency stabilization.U.S. Treasury Secretary Scott Bessent said on Tuesday that Washington would do "whatever it takes" to support Japan's efforts to stabilize the yen, following last week's coordinated intervention by the U.S. and Japan that caught bearish yen traders off guard.The remarks followed a series of comments from Bessent advocating higher Japanese interest rates, reinforcing expectations that the Bank of Japan could raise rates at its September 17-18 policy meeting. Immediate resistance can be seen at 157.82 (38.2%fib), an upside break can trigger rise towards 158.88(May 15th high).On the downside, immediate support is seen at 157.31(Daily low) a break below could take the pair towards 157.00 (Psychological level).
Equities Recap
Asian stocks surged on Wednesday, tracking Wall Street's record highs as strong corporate earnings and renewed demand for technology shares boosted sentiment..
Japan’s Nikkei 225 was up by 3.60% , KOSPI was up at 3.76%, China A50 was up at 0.89%
Commodities Recap
Gold extended its winning streak to three sessions, touching its highest level in a month as dollar weakness and softer crude prices supported bullion. Traders awaited U.S. employment figures for further guidance on future Fed policy moves.
Spot gold climbed 2.4% to $4,175.53 per ounce by 0640 GMT, its highest since July 7. ?U.S. gold futures rose 2% to $4,235.30.
Oil prices extended their decline on Wednesday as investors monitored diplomatic efforts to end the Iran war and restore shipping through the blocked Strait of Hormuz.
Brent crude futures were down 32 cents, or 0.4%, to $79.04 a barrel at 0630 GMT. U.S. West Texas Intermediate futures dropped 58 cents, or 0.8%, to $75.19 a barrel.