Posted at 13 August 2026 / Categories Market Roundups
Market Roundup
•Japan PPI (YoY) (Jul)7.2%,7.4% forecast, 7.3% previous
•Japan PPI (MoM) (Jul) 0.1%, 0.6% forecast, 0.5% previous
•UK GDP (YoY) (Q2) 1.2%, 1.1% forecast, 0.9% previous
•UK GDP (MoM) (Jun) 0.3%, 0.0% forecast, 0.0% previous
•UK GDP (QoQ) (Q2) 0.4%, 0.4% forecast, 0.6% previous
•UK Manufacturing Production (MoM) (Jun) -0.5%, -0.1% forecast, -0.2% previous
•UK Industrial Production (MoM) (Jun) -0.2%, 0.1% forecast, -0.7% previous
•UK Business Investment (QoQ) (Q2) 1.7%, -0.3% forecast, 0.9% previous
•UK Monthly GDP 3M/3M Change (Jun) 0.4%, 0.4% forecast, 0.6% previous
•UK Trade Balance Non-EU (Jun) -10.45B, previous -9.58B
•UK Trade Balance (Jun) -23.01B, -20.60B forecast, -21.08B previous
•UK Industrial Production (YoY) (Jun) -0.2%, 0.2% forecast, 1.0% previous
•UK Manufacturing Production (YoY) (Jun) 0.5%, 1.2% forecast, 2.0% previous
•UK Business Investment (YoY) (Q2) 0.8%, previous -1.3%
•UK Construction Output (MoM) (Jun) -0.1%, -0.3% forecast, -0.8% previous
•UK Construction Output (YoY) (Jun) -2.3%, -2.4% forecast, -2.0% previous
•UK GDP (YoY) (Jun) 1.1%, 0.8% forecast, 1.2% previous
•UK Index of Services 0.5%, 0.5% forecast, 0.7% previous
Looking Ahead Events And Other Releases (GMT)
•10:00 EU Industrial Production (MoM) (Jun) -0.1% forecast, -0.2% previous
•10:00 EU Industrial Production (YoY) (Jun) -0.8% forecast, -1.2% previous
•13:00 UK NIESR Monthly GDP Tracker (Jul) 0.4% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
Currency Forecast
EUR/USD : The euro eased against the dollar on Thursday as markets digested broadly in-line U.S. inflation data and awaited fresh catalysts. U.S. CPI rose 3.4% year-on-year in July, down from 3.5% in June and matching expectations, while core inflation eased to 2.5%. The data reduced expectations for an imminent Federal Reserve rate hike, with markets now pricing around a 40% chance of a September hike, down from roughly 54% a week earlier. On the geopolitical front, uncertainty remained elevated as Iran and the U.S. continued to face difficulties in reaching a permanent ceasefire agreement. Meanwhile, the latest inflation figures are unlikely to create fresh urgency for the Fed to raise rates next month, particularly after recent weakness in the U.S. labour market.. 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 Thursday as weaker UK industrial production offset stronger-than-expected monthly GDP data. The UK economy grew 0.3% in June, beating expectations of no growth and rebounding from a flat reading in May.The June expansion was supported by stronger services activity, warmer weather and spending linked to the men’s World Cup, helping the UK maintain relatively resilient growth despite ongoing geopolitical and energy-market pressures. GDP increased 0.4% in Q2, although this was slower than the 0.6% growth recorded in Q1.However, the industrial sector remained a drag on the pound. Industrial production fell 0.2% month-on-month in June, missing expectations for a 0.1% increase, although the decline was less severe than the 0.7% contraction recorded in May. 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 eased on Monday as traders reassessed the outlook for Federal Reserve policy and geopolitical uncertainty.U.S. July CPI rose 3.4% year-on-year, while core inflation increased 2.5%, broadly matching market expectations and easing concerns about a renewed acceleration in price pressures.The softer-than-feared inflation figures prompted some investors to push back expectations for a Federal Reserve rate hike, with markets reducing September hike odds to around 40% from 54% previously.Meanwhile, geopolitical uncertainty remained elevated after Iran reported no progress toward a permanent ceasefire with the United States, keeping risk-sensitive currencies such as the Australian dollar vulnerable.RBA Assistant Governor Christopher Kent warned that inflation risks remain tilted to the upside and said rates may need to rise again if those risks materialise. 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: USD /JPY traded in narrow on Thursday as traders were cautious on further intervention from Japanese authorities amid persistent Yen weakness. Japan and the U.S. recently coordinated a rare yen-buying intervention as authorities sought to curb extreme fluctuations in the Japanese currency.The yen has struggled to gain momentum even after subdued US inflation data reduced pressure on the Federal Reserve to raise interest rates in the near term.On the data front, Japan's annual wholesale inflation remained elevatedin July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.Japan's annual wholesale inflation remained elevatedin July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September. 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
Asian stocks rose on Thursday as U.S. inflation met expectations, easing concerns over near-term Fed rate hikes, while oil held near $80 a barrel amid stalled U.S.-Iran talks to end the Gulf war.
Japan’s Nikkei 225 was up by 1.24% , KOSPI was up at 3.56%, China A50 was down at 0.10%
Commodities Recap
Gold slipped from a more than two-month high on Thursday as traders paused after its recent rally, while attention shifted to the U.S. PPI report for fresh clues on the Federal Reserve’s near-term rate outlook.
Spot gold fell 0.8% to $4,374.03 per ounce by 0733 GMT, after jumping about 1% to its highest since June 5 earlier in the session. U.S. gold futures for December delivery fell 0.8% to $4,430.80.
Oil prices dipped on Thursday as weaker global demand forecasts weighed on the market, while stalled talks over the Strait of Hormuz and ongoing supply disruptions provided support.
Brent futures slipped 11 cents, or 0.12%, to $88.87 a barrel by 0624 GMT, trimming gains over the prior six sessions.
U.S. West Texas Intermediate (WTI) crude fell ?16 cents, or 0.19%, to $83.11, after advancing over the past five sessions.