Posted at 01 September 2025 / Categories Market Roundups
Market Roundup
• HCOB Eurozone Manufacturing PMI (Aug) 50.7, 50.5forecast,49.8 previous
•UK BoE Consumer Credit (Jul) 1.622B, 1.350B5 forecast,1.471B previous
•UK M3 Money Supply (Jul) 3,146.6B, 3,143.4B previous
•UK M4 Money Supply (MoM) (Jul) 0.1%, 0.2% forecast,0.3% previous
•UK S&P Global Manufacturing PMI (Aug) 47.0, 47.3 forecast,48.0 previous
•UK Mortgage Approvals (Jul) 65.35K, 64.00K forecast, 64.57K previous
•UK Mortgage Lending (Jul) 4.52B, 3.40B forecast, 5.39B previous
•UK Net Lending to Individuals (Jul) 6.144B, 4.900B forecast, 56.861B previous
•Greek Quarterly Unemployment Rate (Q2) 8.6%, 10.4% previous
• Greek Unemployment Rate (Jul) 8.0% ,8.5% previous
• Greek Unemployment Rate (Jun) 8.5%, 8.0% previous
Looking Ahead Economic Data(GMT)
•13:00 French 12-Month BTF Auction 1.994% previous
•13:00 French 3-Month BTF Auction 1.974% previous
•13:00 French French 6-Month BTF Auction 1.963% previous
•13:00 French S&P Global Manufacturing PMI (Aug) 48.2 previous
•14:00 US Dallas Fed PCE (Jul) 3.40% previous
Looking Ahead Events And Other Releases (GMT)
•17:30 ECB President Lagarde Speaks
Currency Forecast
EUR/USD : The euro edged higher on Monday as the dollar softened ahead of a data-heavy week in the U.S. The focus will remain on the U.S., with key releases including manufacturing and services surveys and labor market indicators, culminating in Friday’s August nonfarm payrolls report. Median forecasts point to a 75,000 job gain, though estimates vary widely between zero and 110,000 following July’s unexpectedly weak figures. The unemployment rate is expected to rise slightly to 4.3%.In the euro zone, the calendar features final August PMIs, unemployment data, the flash HICP, producer prices, retail sales, and the third estimate of Q2 GDP. Germany will publish its final PMIs and industrial orders. Immediate resistance can be seen at 1.1732(Higher BB), an upside break can trigger rise towards 1.1880(23.6%fib).On the downside, immediate support is seen at 1.1627(38.2%fib), a break below could take the pair towards 1.1579(38.2%fib ).
GBP/USD: The pound gained against the dollar on Monday as investors awaited a busy week of U.S. labor market data, which could influence expectations for the Federal Reserve’s monetary easing path. Traders also digested Friday’s U.S. inflation report, a court ruling that most of Donald Trump’s tariffs are illegal, and the president’s ongoing clash with the Fed over his attempt to dismiss Governor Lisa Cook.In the UK, the economic calendar is relatively quiet, with retail sales as the main highlight. Bank of England officials Catherine Mann and Sarah Breeden are scheduled to speak on Wednesday. Meanwhile, money markets are pricing in roughly a 90% chance of a 25-basis-point Fed rate cut in September and about 100 basis points of easing by autumn 2026, according to the CME FedWatch tool. Immediate resistance can be seen at 1.3602(Higher BB), an upside break can trigger rise towards 1.3788(Higher BB).On the downside, immediate support is seen at 1.3439(38.2%fib), a break below could take the pair towards 1.3343(Lower BB).
AUD/USD: The Australian dollar firmed on Monday as dollar weakness overshadowed soft domestic economic data. The greenback slipped as investors looked ahead to a series of U.S. labor market reports this week that could shape expectations for the Federal Reserve’s anticipated rate cut later this month.In Australia, Q2 business inventories rose just 0.1%, suggesting a potential 0.4 percentage point drag on GDP ahead of Wednesday’s release. Labor market conditions remained steady, with ANZ-Indeed Job Ads rising 0.1% in August after July’s decline.This week’s domestic highlights include Q2 GDP, the current account, and trade data, with GDP partials due earlier in the week. Markets will also watch for policy cues 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 0.6565(Higher BB), an upside break can trigger rise towards 0.6618(23.6%fib).On the downside, immediate support is seen at 0.6501(SMA20), a break below could take the pair towards 0.6469(38.2%fib).
USD/JPY: The U.S. dollar inched higher against the yen on Monday as investors prepared for key U.S. labor market data. This week’s focus is on Friday’s nonfarm payrolls report, widely regarded as the most important gauge of labor market health and a key input for Federal Reserve policy decisions. Markets will closely watch the report for signals on hiring momentum, wage growth, and overall employment trends to assess the potential scale of the Fed’s anticipated rate cut later this month. Ahead of the payrolls release, Tuesday’s JOLTS job openings and Wednesday’s ADP private payrolls data will provide early insights into labor demand. In Japan, attention turns to Bank of Japan Deputy Governor Ryozo Himino’s speech and press conference on Tuesday, with domestic data on household spending and overtime pay also in focus. Immediate resistance can be seen at 147.44(SMA20) an upside break can trigger rise towards 148.65(50%fib) .On the downside, immediate support is seen at 146.78(61.8%fib) a break below could take the pair towards 146.32 (Lower BB).
Equities Recap
European shares rose slightly on Monday, led by healthcare stocks, after data showed Danish drugmaker Novo Nordisk’s weight-loss drug Wegovy provided stronger heart-protective benefits compared with rival treatments from U.S. firm Eli Lilly.
At GMT (12:25) UK's benchmark FTSE 100 was last trading up at 0.07 percent, Germany's Dax was up by 0.28 percent, France’s CAC was up by 0.03 percent.
Commodities Recap
Gold surged to a more-than-four-month high on Monday, trading just $30 below its all-time peak, supported by bets on a U.S. Federal Reserve rate cut and a weaker dollar, while silver climbed above $40 per ounce for the first time since 2011.
Spot gold was up 0.7% at $3,471.28 per ounce by 1141 GMT, its highest since April 22, when it touched a record $3,500.05. U.S. gold futures for December delivery gained 0.8% to $3,543.70.
Oil prices climbed over 1% on Monday, driven by concerns over supply disruptions from intensified Russia-Ukraine airstrikes and a softer U.S. dollar.
Brent crude was up 83 cents, or 1.2%, at $68.31 a barrel by 1215 GMT. U.S. West Texas Intermediate crude also rose 83 cents, or 1.3%, to $64.84. Trading is expected to be muted because of a U.S. public holiday.