Posted at 01 September 2025 / Categories Market Roundups
Market Roundup
•Australia ANZ Job Advertisements (MoM) (Aug): 0.1%, -0.6% previous
•Australia Building Approvals (YoY) (Jul): 8.3%, 6.1% previous
•Australia Building Approvals (MoM) (Jul): -8.2%, -4.8% forecast, 12.2% previous
•Australia Business Inventories (MoM) (Q2): 0.1%, 1.2% previous
•Australia Company Gross Operating Profits (QoQ) (Q2): -2.4%, 1.0% forecast, -1.0% previous
•Australia Company Profits Pre-Tax (QoQ) (Q2): 2.1%, 0.7% previous
•Australia Private House Approvals (Jul): 1.1%, -1.9% previous
•China Caixin Manufacturing PMI (Aug): 50.5, 49.7 forecast, 49.5 previous
•Swiss Retail Sales (YoY) (Jul) 0.7%, 3.6% forecast, 3.9% previous
•EU HCOB Italy Manufacturing PMI (Aug) 50.4,49.8 forecast, 49.8 previous
Looking Ahead Economic Data(GMT)
•08:30 UK M3 Money Supply (Jul) 3,142.0B previous
•08:30 UK M4 Money Supply (MoM) (Jul) 0.2% forecast, 0.3% previous
•08:30 UK S&P Global Manufacturing PMI (Aug) 47.3 forecast, 47.3 previous
•08:30 UK Mortgage Approvals (Jul) 64.00K forecast, 64.17K previous
•08:30 UK Mortgage Lending (Jul) 5.34B previous
•08:30 UK Net Lending to Individuals (Jul) 4.900B forecast, 6.757B previous
•09:00 Greek Unemployment Rate (Jun) 7.9% previous
•09:00 EU Unemployment Rate (Jul) 6.2% forecast, 6.2% previous
Looking Ahead Events and Other Releases(GMT)
• 00:00 US Jackson Hole Symposium
Currency Forecast
EUR/USD : The euro gained slightly on Monday as the dollar weakened ahead of a busy week of U.S. labor market data. The data flow kicks off Tuesday with the ISM manufacturing PMI and price index, followed by factory orders, JOLTS job openings, and the Federal Reserve’s Beige Book. Midweek releases include ADP employment, weekly jobless claims, trade data, and the ISM services PMI, all leading into Friday’s closely watched nonfarm payrolls report. Economists expect payrolls to rise by 75,000, average hourly earnings to increase 0.3%, and the unemployment rate to edge up to 4.3%. Meanwhile, Fed officials Alberto Musalem, Neel Kashkari, John Williams, and Austan Goolsbee are set to speak, offering insights on the U.S. economy. The euro zone releases final August PMIs, unemployment, the August flash HICP, producer prices, retail sales and the third estimate of Q2 GDP. Germany publishes final PMIs and industrial orders. Immediate resistance can be seen at 1.1732(Aug 13th high), an upside break can trigger rise towards 1.1816(23.6%fib).On the downside, immediate support is seen at 1.1616 (38.2%fib), a break below could take the pair towards 1.1455(50%fib ).
GBP/USD: The pound strengthened against the dollar on Monday as investors awaited a busy slate of U.S. labor market data this week, which could shape expectations for the Federal Reserve’s monetary easing path. Traders also weighed Friday’s U.S. inflation report, a court ruling deeming most of Donald Trump’s tariffs illegal, and the U.S. president’s ongoing clash with the Fed over his attempt to dismiss Governor Lisa Cook. In the UK, the calendar is relatively quiet, with retail sales as the main highlight. Bank of England officials Catherine Mann and Sarah Breeden are set to speak on Wednesday. Meanwhile, money markets are pricing in about a 90% probability of a 25-basis-point Fed rate cut in September and roughly 100 basis points of easing by autumn 2026, according to the CME FedWatch tool. Immediate resistance can be seen at 1.3549(38.2%fib), an upside break can trigger rise towards 1.3588(Aug 14th high).On the downside, immediate support is seen at 1.3439(61.8%fib), a break below could take the pair towards 1.3396(SMA20).
AUD/USD: The Australian dollar firmed on Friday as weakness in the greenback outweighing soft domestic economic data. The U.S. dollar slipped as investors awaited a series of labor market reports this week that could influence the size of the Federal Reserve’s expected rate cut later this month.In Australia, data showed business inventories rose just 0.1% in Q2, pointing to a potential 0.4 percentage point drag on GDP ahead of Wednesday’s release. Labor market conditions remained resilient, with ANZ-Indeed Job Ads ticking up 0.1% in August after July’s decline.Key domestic highlights this week include Q2 GDP, the current account, and trade data, with GDP partials due early in the week. Markets will also focus on policy signals from RBA Governor Michele Bullock’s speech on Wednesday and Deputy Governor Andrew Hauser’s Reuters interview on Thursday. Immediate resistance can be seen at 0.6599(Higher BB), an upside break can trigger rise towards 0.6625(23.6%fib).On the downside, immediate support is seen at 0.6508(SMA20), a break below could take the pair towards 0.6463(38.2%fib).
USD/JPY: The U.S. dollar edhed against the yen on Monday as investors geared up for key U.S. labor market data. The focus this week is Friday’s nonfarm payrolls report, considered the most important measure of labor market health and a crucial input for the Federal Reserve’s policy decisions. Markets will scrutinize the figures for hiring momentum, wage growth, and overall employment trends to gauge the scale of the Fed’s expected rate cut later this month.Ahead of that release, attention will fall on Tuesday’s JOLTS job openings and Wednesday’s ADP private payrolls data for early signals on labor demand. In Japan, Bank of Japan Deputy Governor Ryozo Himino is scheduled to deliver a speech and hold a press conference on Tuesday, while key domestic data will include household spending and overtime pay. Immediate resistance can be seen at 147.30(SMA20) an upside break can trigger rise towards 148.30(Higher BB) .On the downside, immediate support is seen at 146.53(50%fib) a break below could take the pair towards 146.26 (Lower BB).
Equities Recap
Asian shares were mostly lower on Monday, with profit-taking weighing on Japanese tech stocks, while Chinese markets found support from optimism surrounding domestic AI ventures.
South Korea’s KOSPI traded down 1.35% , Hang Seng was up 2.12%,Japan’s Nikkei 225 was down 1.22%
Commodities Recap
Gold climbed to a more than four-month high on Monday as growing expectations of a U.S. Federal Reserve rate cut this month boosted bullion’s appeal, while silver surged past $40 per ounce for the first time in over a decade.
Spot gold rose 1.2% to $3,486.86 per ounce by 0641 GMT, hitting its highest point since April 23. U.S. gold futures for December delivery gained 1.1% to $3,554.60.
Oil prices moved in a narrow range on Monday, as concerns over increasing output and the potential demand impact of U.S. tariffs offset supply risks from intensified Russia-Ukraine airstrikes.
Brent crude fell 30 cents, or 0.44%, to $67.18 a barrel by 0500 GMT, while U.S. West Texas Intermediate crude was at $63.73 a barrel, down 28 cents, or 0.44%. Trading is expected to be muted due to a U.S.