America’s Roundup: Dollar edges higher after Iran sanctions, Wall Street ends mixed,Gold gains ,Oil drops more than $2

Market Roundup

• US Chicago Fed National Activity (Jul) -0.08, 0.06 previous

• Canada Corporate Profits (QoQ) 9.7%, 1.1% previous

• Canada Manufacturing Sales (MoM) (Jul) -0.2%, 0.1% previous

• France French 12-Month BTF Auction 2.832%, 2.781% previous

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• France French Car Registration (YoY) 9.0%, 11.4% previous

• US 3-Month Bill Auction 3.715%, 3.715% previous

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Looking Ahead Economic Data (GMT) 

•06:00 Japan BoJ Core CPI (YoY) 2.7% previous

•06:00 Japan Coincident Indicator (MoM) (Jun) 0.3% forecast,-0.2% previous

•06:00 Japan Leading Index (MoM) (Jun) 0.0% forecast,0.4% previous

Looking Ahead Events And Other Releases (GMT)  

• 02:30 Australia RBA Meeting Minutes 

Currency Forecast

EUR/USD : The euro edged lower against the U.S. dollar on Monday after President Donald Trump's administration announced an expansion of sanctions on Iran.U.S. Treasury Secretary Scott Bessent announced the expansion of secondary sanctions in hopes they will "sever every economic lifeline" that sustains Iran in the latest effort to pressure Tehran into ending its attacks on ships in the Gulf.U.S. economic data this week includes the personal consumption expenditures price index, personal income and spending, consumer confidence and the second estimate of second-quarter economic growth. Market participants will also be hoping for some guidance on the outlook for U.S. interest rates when Federal Reserve Chairman Kevin Warsh speaks in Jackson Hole, Wyoming, on Friday.. Immediate resistance can be seen at 1.1744(23.6%fib), an upside break can trigger rise towards 1.1769(Higher BB).On the downside, immediate support is seen at 1.1632(38.2%fib), a break below could take the pair towards 1.1552(50%fib).

GBP/USD:   The British pound edged lower against the U.S. dollar on Monday as investors assessed the potential spillover effects of expansive U.S. sanctions on Iran's trading partners.The U.S. announced an expansion of secondary sanctions on countries having business ties with Iran, aimed at pressuring Tehran to end the attacks in the Strait of Hormuz - a critical global oil shipping route.Meanwhile,Markets are awaiting the U.S. Federal Reserve Chair Kevin Warsh's debut speech at the annual Jackson Hole conference later this week for clues on the monetary policy path amid a surge in Treasury yields last week that spooked global investors. 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).

 USD/CAD: The Canadian dollar weakened against the U.S. dollar on Monday as markets digested new U.S. tariffs on Canada and awaited further details on Iran-related sanctions. The U.S. imposed 50% tariffs on ​some Canadian goods on Saturday, after the two neighbors failed ⁠to reach a trade deal.President Donald Trump threatened to raise U.S. tariffs on Canadian cars, trucks and auto parts to 50% from January 1, 2027, escalating trade tensions after talks broke down last week. The escalation threatens to disrupt one of the world's most integrated auto supply chains. U.S. auto ​production is heavily reliant on Canadian-made parts and vehicles, and higher tariffs could raise costs for American automakers and consumers.Trump wants Canada to come to the table and negotiate in good faith, U.S. Treasury Secretary Scott Bessent told reporters on Monday. 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 edged higher on Monday as investors awaited fresh market catalysts, with the Jackson Hole symposium set to be the main focus later this week. Traders will closely monitor the Federal Reserve gathering for signals on the future direction of U.S. monetary policy.Attention will also turn to Bank of Japan Deputy Governor Ryozo Himino’s speech on Thursday ahead of next month’s policy meeting, with markets looking for clues on whether he will challenge expectations for a faster pace of interest-rate hikes. Persistent Middle East tensions are adding to uncertainty, while U.S. Treasury Secretary Scott Bessent’s scheduled press conference on Monday could provide another potential driver for currency markets. The dollar index  , which measures the greenback against a basket of currencies, rose 0.17% to 98.99.The Japanese yen   softened 0.13% against the greenback to 159.13 per dollar. 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 were little changed on Monday as investors monitored U.S.-Iran developments and awaited a busy week of economic data for clues on the European Central Bank’s policy outlook.

UK's benchmark FTSE 100 closed up by 0.35 percent, Germany's Dax ended down by 0.11percent, France’s CAC finished the day down by 0.37 percent.

The S&P 500 and Nasdaq closed lower on Monday, weighed down by technology stocks as investors assessed fresh U.S. pressure on Iran and looked ahead to Nvidia’s earnings and key inflation data this week

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Dow Jones closed up by  0.26 % percent, S&P 500 closed up by 0.28% percent, Nasdaq settled down by 0.77%  percent.

Commodities Recap

Gold prices climbed to their highest level in more than three months on Monday, supported by technical buying, a weaker dollar and the U.S. Treasury’s recent buyback plans ahead of key inflation data and the Jackson Hole Symposium.

Spot gold gained ​0.8% to $4,639.49 per ounce by 2:25 p.m. EDT (1825 GMT), after hitting $4,680.70 — its highest since May ​14 — earlier in the session. U.S. gold futures for December delivery settled ⁠0.4% higher at $4,697.80 per ounce.

Oil prices slipped more than $2 a barrel on Monday as investors ​took profits after recent gains and shrugged off new U.S. sanctions on Iran.

Brent crude futures settled down $2.22, or ‌2.35%, to $92.17, while U.S. West Texas Intermediate crude fell $2.05 a barrel, down 2.35% at $85.01.