TRADING CENTRAL

Daily Market Newsletter

August 20, 2025

Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.

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EUR/USD Intraday: Remain Under Pressure

EUR/USD intraday remains bearish below the key resistance at 1.1660.

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Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Tuesday, U.S. stocks lost traction, with the S&P 500 falling 37 points (-0.59%) to 6,411, and the Nasdaq 100 down 328 points (-1.39%) to 23,384.

The Dow Jones Industrial Average closed 10 points higher (+0.02%) at 44,922.

Tech stocks came under pressure, with Nvidia (NVDA) falling 3.50%, Palantir (PLTR) down 9.35%, Advanced Micro Devices (AMD) down 5.44%, and Meta Platforms (META) down 2.07%.

Intel (INTC) rebounded 6.97% after Japan's SoftBank announced plans to invest 2 billion dollars in the chipmaker.

Palo Alto Networks (PANW) rose 3.06%. The cybersecurity company posted better-than-expected quarterly earnings.

Home Depot (HD) gained 3.17%. The home improvement retail chain reaffirmed its full-year result guidance.

The U.S. 10-year Treasury yield retreated 2.5 basis points to 4.310%, ending a three-session rebound.

European stocks closed higher, with the DAX gaining 0.45%, the CAC up 1.21%, and the FTSE 100 up 0.34% higher.

U.S. WTI crude futures declined 1.07 (-1.69%) to 62.35 dollars a barrel. Traders expected sanctions on Russian crude oil to ease considering recent interactions among the U.S., Russia and Ukraine.

Gold price fell a further 16 dollars to 3,315 dollars an ounce.

Market Wrap: Forex

The U.S. dollar showed further signs of stabilization, with the dollar index climbing to 98.28.

EUR/USD dipped 15 pips to 1.1645, and GBP/USD slipped 15 pips to 1.3487.

USD/JPY fell 24 pips to 147.62, and USD/CHF added 3 pips to 0.8076.

AUD/USD dropped 40 pips to 0.6451.

USD/CAD advanced 63 pips to 1.3865. Canada's data showed that the inflation rate slowed to 1.7% year on year in July (vs 1.8% expected, 1.9% in June).

Bitcoin encountered increased pressure, sliding nearly 3% to 113,100 dollars. Ethereum was down 4% to 4,140 dollars.

Morning Trading

In Asian trading hours, NZD/USD slid 1% to 0.5830, a 4-month low. The Reserve Bank of New Zealand cut its benchmark rate by 25 basis points to 3.00% as expected, adding there is scope to lower the interest rate further if medium-term inflation pressures continue to ease.

Meanwhile, USD/JPY slipped to 147.57. Japan's exports fell 2.6% year-on-year in July, compared with -2.1% expected, while machinery orders grew 3.0% month-on-month in June, compared with -0.5% estimated.

EUR/USD dropped to 1.1625 and GBP/USD was down to 1.3465.

Gold was little changed at 3,314 dollars.

Bitcoin remained subdued at 113,346 dollars.

Expected Today

Germany's producer price index is estimated to be down 1.4% year-on-year in July.

U.K. inflation rate is expected to edge up to 3.8% year-on-year in July.

In the U.S., the Federal Reserve will release its latest FOMC meeting minutes.

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