Posted at 12 August 2026 / Categories Market Roundups
Market Roundup
• US ADP Employment Change Weekly 8.30K, 11.00K previous
• US Redbook (YoY) 8.3%,8.7% previous
• US Existing Home Sales (Jul) 4.06M, 4.05M forecast, 4.13M previous
• US Existing Home Sales (MoM) (Jul)-1.7%,-1.4% previous
Looking Ahead Economic Data (GMT)
• 00:50 Japan PPI (YoY) (Jul)7.4% forecast, 7.1% previous
• 00:50 Japan PPI (MoM) (Jul) 0.6% forecast, 0.4% previous
Looking Ahead Events And Other Releases (GMT)
• 01:15 Australia RBA Assist Gov Kent Speaks
Currency Forecast
EUR/USD : The euro edged higher against dollar on Tuesday as investors positioned ahead of 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 $1.1543 .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 edged higher 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).
USD/CAD: The Canadian dollar steadied against the U.S. dollar on Tuesday as rising oil prices lent support to the loonie, but gains were limited ahead of the upcoming U.S. inflation report. U.S. inflation data due Wednesday could provide fresh clues on the Federal Reserve’s policy path, with economists expecting consumer prices to reaccelerate in July after declining in June.Data on Friday showed Canada's economy added 75,100 jobs in July and the unemployment rate dropped to a two-year low.Oil prices, a major Canadian export, rose 1.3% to $83.16 a barrel as markets assessed signs of progress in talks between Oman and Iran over shipping through the Strait of Hormuz. Immediate resistance can be seen at 1.9165(SMA20), an upside break can trigger rise towards 1.9187(38.2%fib).On the downside, immediate support is seen at 1.9065(50%fib ), a break below could take the pair towards 1.9000(Psychological level).
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 159.26 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 ended little changed on Tuesday, staying close to record highs as strong earnings optimism offset concerns over uncertainty surrounding energy supplies through the Strait of Hormuz.
UK's benchmark FTSE 100 closed down by 0.17 percent, Germany's Dax ended up by 0.26 percent, France’s CAC finished the day down by 0.13percent.
Wall Street closed lower on Tuesday, with shares of Amazon and Alphabet weighing on the major indexes as investors turned more cautious over the prospects of a deal aimed at easing tensions and restoring stability in the Middle East.
Dow Jones closed down by 0.34% percent, S&P 500 closed down by 0.32% percent, Nasdaq settled down by 0.60% percent.
Commodities Recap
Gold edged lower on Tuesday but remained near a more-than-two-month high, as investors awaited key U.S. inflation data for clues on the Federal Reserve’s policy outlook..
Spot gold fell 0.3% to $4,376.31 an ounce at 1:50 p.m. EDT, after hitting a more-than-two-month high of $4,434.84 earlier and testing the 100-day moving average at $4,387.92. U.S. gold futures gained 0.5% to settle at $4,441.10.
Oil prices rose to a one-week high on Tuesday as doubts over a potential U.S.-Iran peace deal raised concerns that Middle East supply disruptions could continue.
Brent futures rose $1.19, or 1.4%, to settle at $88.91 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.07, or 1.3%, to settle at $83.20.