Posted at 02 September 2025 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction 2.020%, 1.994% previous
• French 3-Month BTF Auction 1.984% ,1.974% previous
• French 6-Month BTF Auction 2.009%, 1.963% previous
Looking Ahead Economic Data(GMT)
•01:30 Australia Current Account (Q2) -15.9B forecast,-14.7B previous
•01:30 Australia Net Exports Contribution (Q2) 0.3%forecast,-0.1% previous
•03:35 Japan 10-Year JGB Auction 1.462% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
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).
USD/CAD: The Canadian dollar fell slightly against the U.S. dollar on Monday as investors awaited key U.S. labor market data that could influence global monetary policy. Trading activity remained light due to a U.S. holiday, resulting in lower liquidity and muted price movements. Market attention is firmly on the upcoming employment reports, which are expected to provide guidance on the Federal Reserve’s next policy decisions. Strong job growth could reinforce expectations of tighter monetary policy, while weaker-than-expected figures might increase speculation of interest rate cuts, affecting financial markets worldwider. Money markets have recently priced an around 90% chance of a 25 basis-point Fed rate cut in September and around 100 bps of easing by autumn 2026, according to the CME FedWatch tool. Immediate resistance can be seen at 1.3800(SMA20), an upside break can trigger rise towards 1.3869(50%fib).On the downside, immediate support is seen at 1.3728(38.2 %fib), a break below could take the pair towards 1.3670(Lower BB).
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 ended slightly higher on Monday, supported by gains in defense stocks, while Novo Nordisk rose after data showed its weight-loss drug Wegovy provides stronger heart-protective benefits compared with Eli Lilly’s competing therapies.
UK's benchmark FTSE 100 closed up by 0.10 percent, Germany's Dax ended up by 0.57 percent, France’s CAC finished the day up by 0.05 percent.
Commodities Recap
Gold climbed to a more than four-month high on Monday, trading around $23 below its all-time peak, supported by bets on a U.S. Federal Reserve rate cut and a softer dollar, while silver topped $40 per ounce for the first time since 2011.
Spot gold rose 0.9% to $3,477.56 per ounce by 9:37 a.m. EDT (1337 GMT), marking its highest level since April 22, when it reached a record $3,500.05. U.S. December gold futures also gained 0.9%, trading at $3,547.70
Global benchmark Brent crude rose 1% on Monday, supported by a weaker dollar and concerns that escalating airstrikes in Russia and Ukraine could disrupt supply.
Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S. benchmark, the West Texas Intermediate futures contract , was up 67 cents, or 1.1% at $64.68 by 2:15 p.m. ET.