Posted at 05 August 2026 / Categories Market Roundups
Market Roundup
•HCOB Italy Services PMI (Jul) 52.5, 51.0 forecast, 50.2 previous
•HCOB Italy Composite PMI (Jul) 52.5, 50.8 forecast, 50.8 previous
•HCOB France Services PMI (Jul) 49.6, 49.8 forecast, 46.8 previous
•HCOB France Composite PMI (Jul) 49.4, 49.6 forecast, 47.2 previous
•HCOB Germany Services PMI (Jul) 49.8, 49.6 forecast, 48.6 previous
•HCOB Germany Composite PMI (Jul) 51.3, 51.2 forecast, 49.5 previous
•United Kingdom New Passenger Cars Registration (Jul) 156,571, 213,166 previous
•HCOB Eurozone Services PMI (Jul) 51.7, 51.6 forecast, 49.4 previous
•HCOB Eurozone Composite PMI (Jul) 52.0, 51.9 forecast, 50.0 previous
•S&P Global UK Composite PMI (Jul) 52.2, 52.1 forecast, 49.3 previous
•S&P Global UK Services PMI (Jul) 52.1, 51.8 forecast, 48.8 previous
•Eurozone PPI (YoY) (Jun) 4.6%, 4.6% forecast, 5.9% previous
•Eurozone PPI (MoM) (Jun) -0.3%, -0.2% forecast, 0.2% previous
•US S&P Global Services PMI (Jul) 54.6, 53.6 forecast, 51.2 previous
•US S&P Global Composite PMI (Jul) 54.5, 53.6 forecast, 51.9 previous
•US ISM Non-Manufacturing PMI (Jul) 54.1, 54.5 forecast, 54.0 previous
•US ISM Non-Manufacturing Employment (Jul) 47.4, 51.2 forecast, 51.2 previous
•US ISM Non-Manufacturing Prices (Jul) 70.3, 65.0 forecast, 67.7 previous
•US ISM Non-Manufacturing New Orders (Jul) 57.2, 55.9 forecast, 55.1 previous
•US ISM Non-Manufacturing Business Activity (Jul) 59.1, 55.4 previous
•US Crude Oil Inventories 2.479M, -1.500M forecast, -7.167M previous
•US Cushing Crude Oil Inventories 2.356M, -0.771M previous
•US Gasoline Production -0.309M, 0.178M previous
•US Crude Oil Imports 0.297M, -0.237M previous
•US Gasoline Inventories -1.643M, -1.300M forecast, 0.007M previous
Looking Ahead Economic Data (GMT)
•19:00 German Car Registration (YoY) (Jul) 15.7% previous
•19:00 French Car Registration (YoY) (Jul) 11.4% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against dollar on Wednesday after data showed Euro zone business activity jumped to an eight-month ?high.The S&P Global Euro Zone Composite PMI - which combines services and manufacturing surveys - rose to 52.0 in July from the neutral mark in June, a tad ?above a preliminary estimate of 51.9. It was the first time in expansion territory since ?March. The S&P Global Services ?PMI climbed to a five-month high of 51.7 in July from 49.4, just above a preliminary estimate of 51.6 and signalling ?the sector's first expansion since March.July's upturn was broad-based across the euro zone. Germany recorded its first rise in private sector output since March while Italy and Spain both saw stronger growth. Spain stood out, posting its best performance in more than a year and a half. France remained the outlier, with activity ?continuing to contract, though ?at a slower pace. Immediate resistance can be seen at 1.1562(Daily high), 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 up on Wednesday after data showed UK service sector activity improved last month.Britain's dominant services sector returned to growth last month as new orders picked up, according to a survey by ?S&P Global that showed expectations for activity in the next 12 months were the highest since before the start of the Iran war in February.The S&P Global UK Services Purchasing Managers' Index (PMI), published on Wednesday, ?rose to 52.1 in July from 48.8 in June, its first ?growth since April and above an earlier provisional or flash ?reading of 51.8.The upward revision also lifted the composite PMI, ?which includes the smaller manufacturing industry, to 52.2 from 49.3, taking it above the ?50 mark which divides growth from contraction for the first time since April.Immediate resistance can be seen at 1.3536(38.2%fib), an upside break can trigger rise towards 1.3577(Higher BB).On the downside, immediate support is seen at 1.3419(50%fib), a break below could take the pair towards1.3407(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 0.7067(50%fib), an upside break can trigger rise towards 0.7087(Higher BB).On the downside, immediate support is seen at 0.6991(SMA20), a break below could take the pair towards 0.6969(6.8%fib).
USD/JPY: The U.S. dollar dipped against dollar 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
European equities edged higher as investors monitored corporate earnings and ongoing diplomatic efforts to end the U.S.-Iran conflict and restore shipping through the Strait of Hormuz
UK's benchmark FTSE 100 was up by 0.15 percent, Germany's Dax was down by 0.30percent, France’s CAC was down by 0.01 percent.
Commodities Recap
Gold jumped over 3% on Wednesday, propelled by a weaker U.S. dollar and lower Treasury yields, while markets monitored developments in the Middle East for fresh signals on inflation and interest rate outlook.
Spot gold climbed 3% to $4,199.78 per ounce by ?09:44 a.m EDT (1344 GMT). Bullion touched its highest level since June 22 ?earlier in the session.U.S gold futures rose 2.6% to $4,260.80.
Oil prices rose on Wednesday after Yemen's Iran-aligned Houthi rebels said they attacked a Saudi oil tanker in the Red Sea, denting hopes of a de-escalation in Iran war hostilities that could restore shipping traffic and oil flows in the Middle ?East.
Brent crude futures were up 74 cents, or 0.93%, at $80.10 a barrel by 1303 ?GMT. U.S. West Texas Intermediate futures gained 16 cents, or 0.21%, to $75.93.