Posted at 25 August 2026 / Categories Market Roundups
Market Roundup
•German GDP (QoQ) (Q2) 0.3%, 0.2% forecast, 0.4% previous
•German GDP (YoY) (Q2) 1.0%, 0.9% forecast, 0.7% previous
•German Current Assessment (Aug) 88.5, 87.0 forecast, 86.5 previous
•German Business Expectations (Aug) 89.1, 87.5 forecast, 86.8 previous
•German Ifo Business Climate Index (Aug) 88.8, 87.2 forecast, 86.7 previous
•US Building Permits (MoM) (Jul) 4.3%, 5.0% forecast, -2.6% previous
•US Redbook (YoY) 9.1%, 7.6% previous
•US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jun) 2.1%, 1.8% forecast, 1.6% previous
•US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jun) 0.4%, 0.9% previous
•US S&P/CS HPI Composite - 20 s.a. (MoM) (Jun) 0.2%, 0.2% previous
•US House Price Index (YoY) (Jun) 2.3%, 2.4% previous
•US House Price Index (MoM) (Jun) 0.0%, 0.2% forecast, 0.3% previous
•US House Price Index (Jun) 442.5, 442.4 previous
•Belgium NBB Business Climate (Aug) -13.2, -11.0 forecast, -11.9 previous
Looking Ahead Economic Data (GMT)
•15:00 US CB Consumer Confidence (Aug) 90.3 forecast, 90.8 previous
•15:00 US New Home Sales (Jul) 620K forecast, 628K previous
•15:00 US New Home Sales (MoM) (Jul) 1.6% previous
•15:00 US Richmond Manufacturing Index (Aug) 6 forecast, 5 previous
•15:00 US Richmond Services Index (Aug) -3 previous
•15:00 US Richmond Manufacturing Shipments (Aug) 8 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against the U.S. dollar on Tuesday as investors shrugged off U.S. plans to expand sanctions against Iran .U.S. Treasury Secretary Scott Bessent had warned countries on Monday to cut their financial ties with Iran or face secondary sanctions as part of what had been billed as "economic D-Day," but the Treasury Department stopped short of actually imposing penalties..Meanwhile, attention is turning to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium on Friday. Investors are looking for clearer signals on the Fed’s policy path, particularly after recent uncertainty over interest-rate expectations. Immediate resistance can be seen at 1.1689(SMA20), an upside break can trigger rise towards 1.1733(38.2%fib).On the downside, immediate support is seen at 1.1649(38.2%fib), a break below could take the pair towards 1.1581(50%fib).
GBP/USD: The British pound edged higher on Tuesday as pound was underpinned by expectations for interest rate hikes by the Bank of England this year. The pound has had a strong run over the past four ?weeks on expectations that better-than-expected economic data through the first half of ?the year could prompt the Bank of England to raise interest rates by at ?least 25 basis points this year.Global currency markets were broadly steady as markets absorbed the latest set of U.S. sanctions on Iran, which excluded China or any of the country's entities that if targeted, investors feared, could potentially spark a retaliation ?from Beijing. Immediate resistance can be seen at 1.3685(23.6%fib), an upside break can trigger rise towards 1.3716(Higher BB).On the downside, immediate support is seen at 1.3624(Daily low), a break below could take the pair towards1.3531(38.2%fib).
AUD/USD: The Australian dollar steadied on Tuesday as investors digested details from the central bank's last policy meeting.RBA’s August minutes showed board members felt the 4.35% cash rate was helping lower inflation and allowed “some time” to assess the economy.The board unanimously kept rates unchanged after considering a fourth hike this year, while stressing that incoming data must show further progress toward its 2%-3% inflation target.Several members saw a possible need for further tightening if inflation risks materialise, while others noted downside risks could offset those pressures, the minutes showed.Australia’s July CPI is due Wednesday and will be a key test for RBA rate expectations. A stronger-than-expected inflation reading could reinforce bets on another rate hike and support the Australian dollar.Immediate resistance can be seen at 0.7178(Higher BB), an upside break can trigger rise towards 0.7201(23.6%fib).On the downside, immediate support is seen at 0.7093 (38.2%fib), a break below could take the pair towards 07054(SMA 20)
USD/JPY: The U.S. dollar higher on Tuesday as dollar recovered as investors shifted their focus to upcoming U.S. inflation data and Federal Reserve Chair Kevin Warsh’s speech later this week.On the geopolitical front, Iran promised to retaliate against expanded U.S. economic sanctions ?that Washington said would cut off Tehran's economic lifeline.Former BoJ board member Seiji Adachi said the central bank could hike rates next month and again as early as January, warning that a pause may weaken the yen and worsen import-driven inflation.Traders are assigning a roughly 80% probability of a rate hike when the board delivers its next policy decision on Sept. 18.. Immediate resistance can be seen at 159.21(SMA 20), an upside break can trigger rise towards 160.00(Psychological level).On the downside, immediate support is seen at 158.60(Daily low) a break below could take the pair towards 156.16 (Daily low).
Equities Recap
European shares edged higher on Tuesday as investors took some relief from a softer-than-expected U.S. sanctions package against Iran, easing concerns over an immediate disruption to global oil supplies.
UK's benchmark FTSE 100 was down by 0. 14percent, Germany's Dax was up by 0.58 percent, France’s CAC was up by 0.14 percent.
Commodities Recap
Oil prices fell around 3% to a one-week low on Tuesday as traders viewed the latest U.S. sanctions against Iran as less likely to disrupt crude supplies than a renewed military escalation.
Brent crude futures were down $2.75, or 2.98%, to $89.42 a barrel at 1219 GMT, while U.S. West Texas Intermediate crude was down $2.67, or 3.14%, at $82.34.
Gold eased on Tuesday after hitting its highest level since mid-May, as profit-taking and a firmer U.S. dollar prompted investors to lock in gains following the metal’s sharp recent rally. Spot gold slipped around 0.2% to $4,640.40 an ounce after briefly reaching a three-month high.
Spot gold was down 0.2% at $4,640.40 per ounce by 1128 GMT, after hitting ?its highest level since May 14. U.S. gold futures were steady at $4,696.10.