Posted at 11 August 2026 / Categories Market Roundups
Market Roundup
• Italian Trade Balance EU (Jun) 1.58B, 1.00B previous
•Italian Trade Balance (Jun) 4.232B, 4.946B previous
•Spanish 3-Month Letras Auction 2.387%, 2.366% previous
Looking Ahead Economic Data (GMT)
•15:00 US Existing Home Sales (Jul) 4.05M forecast, 4.09M previous
•15:00 US Existing Home Sales (MoM) (Jul)-2.4% previous
Looking Ahead Events And Other Releases (GMT)
•No events Ahead
Currency Forecast
EUR/USD : The euro was little changed against dollar on Tuesday as investors awaited U.S. inflation reading for July on Wednesday. The week's main event for currency markets is a run of U.S. inflation data that has kept traders cautious and the dollar largely range-bound. Wednesday’s consumer price index data could show the Iran war's impact on inflation. Producer price data on Thursday and retail sales figures on Friday are expected to provide further clues on the inflation outlook. The euro fetched $1.1539 .Immediate resistance can be seen at 1.1565(50%fib), an upside break can trigger rise towards 1.1600(Psychological level).On the downside, immediate support is seen at 1.1517(Aug 8th low), a break below could take the pair towards 1.1472(38.2%fib).
GBP/USD: The British pound eased slightly against the U.S. dollar on Tuesday as investors were cautious ahead of important U.S. and British data releases kept traders on edge, particularly given thin trading in the European summer. The next big scheduled event for global currency markets is U.S. consumer inflation data due Wednesday, which will help guide expectations for Federal Reserve policy in the coming months, and with it the dollar. The focus in Britain will be on Thursday's second quarter GDP figure, which will help illustrate the state of new British Prime Minister Andy Burnham's inheritance. Immediate resistance can be seen at 1.3528(38.2%fib), an upside break can trigger rise towards 1.3556(Higher BB).On the downside, immediate support is seen at 1.3440(Aug 7th low), a break below could take the pair towards1.3407(50%fib).
AUD/USD: The Australian dollar steadied on Tuesday after the country's central bank held interest rates steady and reiterated it would hike again if necessary, leaving markets divided on the chance of a further move.Wrapping up its August board meeting, the Reserve Bank of Australia held its cash rate at 4.35%, having already hiked it three times since February in an effort to contain inflation.The board noted inflation was still too high, but also that the economy was slowing as expected in the face of tighter policy. Investors see an 18% chance of a hike at the next meeting in September. Immediate resistance can be seen at 0.7076(Higher BB), an upside break can trigger rise towards 0.7104(38.2%fib).On the downside, immediate support is seen at 0.7006 (SMA 20), a break below could take the pair towards 0.6975(50%fib).
USD/JPY: The U.S. dollar hovered close to 160 per dollar on Tuesday as the impact of U.S.-Japan intervention continued to fade.The intervention came after the yen sank to a 40-year low of 163.99 per dollar. It has since surrendered nearly half of those gains, leaving traders betting it is a matter of when, not if, authorities step back into the market.The Japanese currency was last at 159.1 per dollar, slightly stronger on the day. It had weakened by 0.9% on Monday, moving further away from last week's three-month high of 155.20 after the rare U.S.-Japan yen-buying intervention at the end of July. Immediate resistance can be seen at 158.82 (Aug 10th high), an upside break can trigger rise towards 159.49(50%fib).On the downside, immediate support is seen at 157.50(38.2%fib) a break below could take the pair towards 157.00 (Psychological level).
Equities Recap
European shares were subdued on Tuesday as oil prices climbed after efforts to resolve the U.S.-Iran conflict stalled, while investors awaited a series of economic data releases later this week for fresh signals on growth and the interest-rate outlook.
UK's benchmark FTSE 100 was down by 0.17 percent, Germany's Dax was up by 0.16 percent, France’s CAC was up by 0.06 percent.
Commodities Recap
Gold prices steadied on Tuesday after climbing to a more than two-month high earlier in the session, as investors turned cautious ahead of key U.S. inflation data that could provide fresh clues on the Federal Reserve’s interest-rate outlook.
Spot gold was little changed at $4,386.13 per ounce by 1135 GMT, after hitting its ?highest level since June 5 earlier at $4,434.84.U.S. gold futures rose 0.6% to $4,444.70.
Oil prices pared gains on Tuesday after climbing to their highest level in more than a week, as signs of progress in Oman-Iran talks over Strait of Hormuz shipping were weighed against continued disruptions to Middle East energy flows.
Brent crude futures fell 21 cents, or 0.24%, to $87.51 a barrel by 1138 GMT. U.S. West Texas Intermediate crude ?futures were down 4 cents, or 0.05%, at $82.09.