Posted at 06 August 2026 / Categories Market Roundups
Market Roundup
•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
Looking Ahead Economic Data (GMT)
•00:30 Japan Household Spending (YoY) (Jun) 0.8% forecast, -0.4% previous
•00:30 Japan Household Spending (MoM) (Jun) -3.1% forecast, 3.7% previous
•00:30 Japan Foreign Reserves (USD) (Jul) 1,287.5B previous
•00:30 Japan Leading Index (MoM) (Jun) 0.4% previous
•00:30 Japan Coincident Indicator (MoM) (Jun) 0.4% forecast, -0.2% previous
•00:30 Japan Leading Index (Jun) 116.5 forecast, 116.5 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against the dollar on Wednesday after data showed Eurozone business activity accelerated to an eight-month high. The S&P Global Composite PMI rose to 52.0 in July from 50.0 in June, slightly above the preliminary estimate of 51.9, marking the first expansion since March. Services activity also improved, with the PMI climbing to 51.7 from 49.4, indicating the sector returned to growth for the first time since March. Growth was broad-based, with Germany recording its first private sector expansion since March, while Italy and Spain posted stronger gains. Spain delivered its strongest performance in over 18 months, while France remained the only major laggard as activity continued to decline, 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 higher against dollar on Wednesday after stronger UK services data showed the sector returned to growth in July. The S&P Global UK Services PMI rose to 52.1 from 48.8 in June, marking the first expansion since April and exceeding the previous estimate of 51.8. The improvement was driven by stronger new orders, while business confidence for the next 12 months reached its highest level since before the Iran conflict began in February. The Composite PMI, which includes manufacturing, was also revised higher to 52.2 from 49.3, moving back into expansion territory 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).
USD/CAD: The Canadian dollar firmed slightly against the U.S. dollar on Wednesday as broad U.S. dollar losses and supportive domestic data figures lent support to the Canadian dollar.The greenback weakened modestly against major currencies as improving prospects for peace with Iran curbed demand for the safe-haven U.S. dollar.Canada's trade surplus hit its highest level in four years in June, while the manufacturing sector expanded at the strongest pace in more than four years in July, according to data released Tuesday.Latest preliminary data indicates the economy expanded by an annualized 3.4% in the second quarter.Canada's employment report, due Friday, could provide fresh insight into the health of the economy, with analysts forecasting a gain of 15,000 jobs. Immediate resistance can be seen at 1.4076(SMA 20), an upside break can trigger rise towards 1.4100(50%fib).On the downside, immediate support is seen at 1.3995(38.2%fib), a break below could take the pair towards 1.3956(Lower BB).
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 157.40(Daily low) a break below could take the pair towards 157.00 (Psychological level).
Equities Recap
European stocks ended mixed on Wednesday as hopes of a potential Strait of Hormuz reopening agreement and strong corporate earnings supported markets, while geopolitical risks remained.
UK's benchmark FTSE 100 closed up by 0.08 percent, Germany's Dax ended down by 0.29 percent, France’s CAC finished the day up by 0.03 percent.
U.S. stocks ended mixed on Wednesday, with the Dow reaching a record close on hopes of an Iran peace agreement, while the Nasdaq slipped as disappointing reactions to SpaceX and AMD earnings weighed on technology shares.
Dow Jones closed up by 0.49 % percent, S&P 500 closed down by 0.17% percent, Nasdaq settled down by 0.83% percent.
Commodities Recap
Gold gained 1% on Tuesday, supported by lower oil prices that helped curb inflation worries and weakened bets on higher U.S. interest rates as markets looked ahead to Fed policy signals.
Spot gold was up 0.8% at $4,086.36 per ounce by 2:20 p.m. EDT (1820 GMT), ?while U.S gold futures settled 1.5% higher at $4,152.60.
Brent crude futures settled up 9 cents, or 0.11%, at $79.45 a barrel. U.S. West Texas Intermediate futures fell 55 cents, or 0.73%, to $75.22.