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Global PMIs Lift Euro as US Dollar Slips on Fiscal Risks – August 22, 2026, 7:12 pm

Summary

• Eurozone data beats expectations.
• UK retail sales disappoint markets.
• Canadian sales grow as dollar weakens supporting the commodity currencies.

Market Update : EUR – August 18, 2026, 1:03 am

EUR – English

• EUR/USD remains bullish as USD weakness persists amid softer US economic data. Lower-than-expected retail sales, inflation, and employment figures have reduced expectations for a hawkish Fed, driving traders to unwind USD positions. This has supported EUR strength, with price action holding above key moving averages.

• Momentum indicators, including a strong ADX and positive MACD, suggest continued upside potential. However, consolidation near 1.1600 signals caution, with a pullback likely before further gains. A sustained break above 1.1620 could target 1.1685.

• Near-term risks include hawkish FOMC minutes or stronger US data, which could revive USD demand and weaken the bullish EUR setup.

EUR – Urdu

• EUR/USD bullish hai kyun ke USD kamzor ho raha hai, aur US economic data expected se soft aya hai.

• Retail sales, inflation aur employment ke numbers expected se kam rahe hain. Is wajah se market ko lag raha hai ke Federal Reserve zyada hawkish policy nahi rakhega.

• Traders USD ki buying positions close kar rahe hain, jis se dollar par pressure hai aur Euro strong ho raha hai.

Sentiment : Bullish

Market Update : GBP – August 16, 2026, 11:49 pm

GBP – English

• Weak U.S. retail sales data (-0.6% in July) and softer producer-price inflation have reduced expectations for further Federal Reserve rate hikes, weakening the USD. This shift in sentiment has supported GBP/USD, which is trading above the key 1.3500 level.

• The pound is further bolstered by resilient UK growth and market expectations for another Bank of England rate hike this year. However, GBP/USD faces technical resistance at 1.3550–1.3600, limiting immediate upside potential.

• A sustained break above 1.3550 would signal bullish continuation, while failure to clear this zone could lead to consolidation or a pullback toward 1.3400–1.3480.

GBP – Urdu

• Weak U.S. retail sales data (-0.6% in July) aur producer-price inflation mein kami ki wajah se market ko lag raha hai ke Federal Reserve shayad rates ko mazeed na barhaye. Is se U.S. dollar kamzor hua hai.

• Dollar ki kamzori ki wajah se GBP/USD ko support mila hai aur yeh pair important 1.3500 level ke upar trade kar raha hai.

• British pound ko UK ki resilient growth aur is expectation se bhi support mil raha hai ke Bank of England is saal ek aur rate hike kar sakta hai.

Sentiment : Bullish

GBP/USD remains supported by softer U.S. data, reduced Fed-hike expectations, and relatively resilient UK fundamentals. Holding above 1.3500 keeps the near-term bias positive, with a decisive break above 1.3550 potentially opening the path toward 1.3600. Failure at resistance may trigger consolidation toward 1.3480–1.3400.

Market Update : EUR – August 16, 2026, 9:43 pm

EUR – English

• Softer U.S. July retail sales (-0.6%) and easing inflation data have reduced expectations for a September Fed rate hike, weakening the dollar. EUR/USD is trading near 1.1568 (+0.32%), with analysts noting short-term fair value around 1.1600–1.1650, supporting a moderately bullish outlook for the euro.

• Technical resistance at 1.1600 and the 100-day SMA remain key hurdles. A sustained break above these levels could open upside targets at 1.1685, while failure to breach may lead to consolidation or a pullback toward 1.1470–1.1480.

• Geopolitical risks, including war-related tensions, pose downside risks. Escalation could trigger safe-haven dollar demand, reversing euro gains despite supportive fundamentals.

EUR – Urdu

• U.S. July retail sales mein 0.6% ki kami aur inflation data mein narmi ki wajah se September mein Fed rate hike ke chances kam ho gaye hain. Is se dollar weak hua hai. EUR/USD qareeban 1.1568 par trade kar raha hai, jo 0.32% up hai. Analysts ke mutabiq short-term fair value 1.1600 se 1.1650 ke darmiyan ho sakti hai, is liye euro ka outlook filhal moderately bullish hai.

• Technical side par 1.1600 aur 100-day SMA bohat important resistance levels hain. Agar price in levels ke upar mazbooti se break kare, to agla upside target 1.1685 ho sakta hai. Lekin agar 1.1600 break na ho, to market consolidation mein reh sakti hai ya phir 1.1470–1.1480 tak pullback aa sakta hai.

• Geopolitical risks, khas taur par war se related tensions, euro ke liye downside risk hain. Agar situation escalate hoti hai, to investors safe-haven ke taur par dollar khareed sakte hain. Is se supportive economic fundamentals ke bawajood euro ki gains reverse ho sakti hain.

Sentiment : Bullish

Market Update : CAD – August 16, 2026, 9:25 pm

CAD – English

• The Canadian dollar is showing bullish momentum against the US dollar as US July retail sales unexpectedly fell by 0.6%, signaling weaker consumer demand. This data, combined with unchanged US PPI figures, has pressured USD broadly, favoring CAD strength.

• Elevated oil prices and stable risk sentiment further support CAD, as Canada’s economy benefits from strong commodity performance. Additionally, USD/CAD’s technical indicators, including oversold RSI and bearish MACD, suggest continued downside potential for USD.

• Key levels to watch include immediate support at 1.3864 and a potential move toward 1.3830. Traders should monitor US inflation data and Fed commentary for any shifts in USD sentiment.

CAD – Urdu

• Canadian dollar US dollar ke muqable mein strong ho raha hai, kyun ke US ki July retail sales unexpectedly 0.6% gir gayi hain. Is se pata chalta hai ke American consumers ki spending kamzor ho rahi hai.

• US PPI data bhi unchanged raha, jis ki wajah se USD par overall pressure aya aur CAD ko support mila.

• Oil ki prices high hain aur market ka risk sentiment stable hai. Yeh CAD ke liye positive hai, kyun ke Canada ki economy commodities, khaas taur par oil, se faida uthati hai.

Sentiment : Bullish