Posted at 12 August 2026 / Categories Market Roundups
Market Roundup
• US CPI (YoY) (Jul) 3.4%, 3.4% forecast, 3.5% previous
•US CPI (MoM) (Jul) 0.1%, 0.1% forecast, -0.4% previous
•US Core CPI (MoM) (Jul) 0.2%, 0.2% forecast, 0.0% previous
•US Core CPI (YoY) (Jul) 2.5%, 2.5% forecast, 2.6% previous
•US Real Earnings (MoM) (Jul) 0.0%, 0.7% previous
•US CPI, n.s.a (MoM) (Jul) -0.01%, -0.35% previous
•US Core CPI Index (Jul) 336.79, 336.07 previous
•US CPI Index, n.s.a. (Jul) 333.92, 333.99 forecast, 333.95 previous
•US CPI Index, s.a (Jul) 332.81, 332.57 previous
•CA Building Permits (MoM) (Jun) 18.5%, 0.8% forecast, -3.0% previous
•US Crude Oil Inventories 17.423M, -1.700M forecast, 2.479M previous
•US Cushing Crude Oil Inventories 1.611M, 2.356M previous
Looking Ahead Economic data (GMT)
•00:50 Japan Foreign Bonds Buying 477.9B previous
•00:50 Japan Foreign Investments in Japanese Stocks -392.5B previous
Looking Ahead Events And Other Releases (GMT)
•00:30 Australia RBA Gov Bullock Speaks
Currency Forecast
EUR/USD : The euro dipped on Wednesday as dollar gained after U.S. consumer price inflation matched economists' expectations in July.In the 12 months through July, the CPI advanced 3.4% after rising 3.5% in June. Core CPI increased 2.5% in the 12 months through July after climbing 2.6% in June.Traders have pared bets on a rate increase at the Federal Reserve's September 15-16 meeting since Friday's jobs report showed employers unexpectedly shed jobs in July. Fed funds futures traders are now pricing in 40% odds of a September rate hike, down from 44% before Wednesday's data and from 55% a week ago.. Immediate resistance can be seen at 1.1574(38.2%fib), an upside break can trigger rise towards 1.1612(June 17th high).On the downside, immediate support is seen at 1.1525(50%fib), a break below could take the pair towards 1.1477(50%fib).
GBP/USD: The British pound eased slightly against the U.S. dollar on Wednesday after U.S. inflation data came ?in as expected.The Consumer Price Index edged up 0.1% last month after dropping 0.4% in June, in line with a Reuters poll of economists and analysts. Annual CPI inflation slowed to 3.4% from 3.5% a month earlier.Traders stuck to their ?bets that narrowly favour an interest rate hold at next month's meeting following the data, with markets giving about a 55% chance ?that the Fed will keep its policy rate in the current 3.50%-3.75% range. Immediate resistance can be seen at 1.3538(38.2%fib), an upside break can trigger rise towards 1.3612(Higher BB).On the downside, immediate support is seen at 1.3503(Daily low), a break below could take the pair towards1.3422(50%fib).
USD/CAD: The Canadian dollar edged lower against the U.S. dollar on Wednesday as U.S. inflation data further reduced the odds of an interest rate hike from the Federal Reserve next month. U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign.Domestic data showed that the value of building permits rebounded 18.5% in June after declining in April and May, led by the non-residential sector. The price of oil , one of Canada's major exports, edged 0.1% lower to $83.11 a barrel after forecasters cut projections for 2026 global oil demand, while attacks on ships in the Middle East continued as talks to end the Iran war hit an impasse.The Canadian dollar was trading 0.1% lower at 1.3940 per U.S. dollar, after touching its strongest intraday level since June 10 at 1.3909. Immediate resistance can be seen at 1.4054(SMA20), an upside break can trigger rise towards 1.4078(38.2%fib).On the downside, immediate support is seen at 1.3934(50%fib), a break below could take the pair towards 1.3878(Lower BB).
USD/JPY: The U.S. dollar initially dipped but recovered ground as investors assessed after mild US inflation data. U.S. consumer prices increased 0.1% in July, in line with expectations, data showed on Wednesday. The small increase could weaken the argument for an interest rate increase from the Federal Reserve next month. Money markets have shown a roughly 50% chance of a hike 0#USDIRPR heading into the data release.Markets are increasingly pricing in an early rate hike in Japan, putting pressure on the nation's shorter-dated bonds. Investors priced in an almost 60% chance of a quarter-point hike at the Bank of Japan's September meeting. The yen weakened 0.07% to 159.32 per dollar, remaining off last week's high of 155.20 after several suspected rounds of intervention. 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 pulled back from record highs on Wednesday as investors digested mixed corporate earnings and ongoing Middle East developments, while softer U.S. inflation data reduced expectations of a Federal Reserve rate hike next month.
UK's benchmark FTSE 100 closed down by 0.10 percent, Germany's Dax ended down by 0.20 percent, France’s CAC finished the day down by 0.46 percent.
The S&P 500 and Nasdaq closed higher on Wednesday, supported by strong quarterly results from Core Weave and other AI infrastructure companies, while softer U.S. inflation data strengthened expectations that the Federal Reserve will keep interest rates unchanged in September.
Dow Jones closed down by 0.04 % percent, S&P 500 closed up by 0.26% percent, Nasdaq settled up by 0.54% percent.
Commodities Recap
Oil prices edged higher on Wednesday as continued attacks on shipping in the Middle East and stalled efforts to end the Iran war raised concerns over potential supply disruptions.
Brent futures settled up 7 cents at $88.98 a barrel, while U.S. West Texas Intermediate crude rose 7 cents to $83.27.
Gold climbed to a more than two-month high on Wednesday after U.S. inflation data matched expectations, strengthening expectations that the Federal Reserve will leave interest rates unchanged in September.
Spot gold rose 0.9% to $4,406.64 per ounce by 1:30 p.m. EDT (1730 GMT), and climbed above the 100-day ?moving average, which is currently at $4,387.22. Bullion climbed more than 1% to its ?highest level since June 5 earlier in the session.U.S. gold futures ?settled 0.6% higher at $4,467.5.