Posted at 06 September 2025 / Categories Market Roundups
Market Roundup
• US Average Hourly Earnings (MoM) (Aug): 0.3%, 0.3% forecast, 0.3% previous
• US Average Hourly Earnings (YoY) (Aug): 3.7%, 3.7% forecast, 3.9% previous
• US Average Weekly Hours (Aug): 34.2, 34.3 forecast, 34.2 previous
• US Government Payrolls (Aug): -16K, 2K previous
• US Manufacturing Payrolls (Aug): -12K, -5K forecast, -2K previous
• US Nonfarm Payrolls (Aug): 22K, 75K forecast, 79K previous
• US Participation Rate (Aug): 62.3%, 62.2% previous
• US Private Nonfarm Payrolls (Aug): 38K, 75K forecast, 77K previous
• US U6 Unemployment Rate (Aug): 8.1%, 7.9% previous
• US Unemployment Rate (Aug): 4.3%, 4.3% forecast, 4.2% previous
•Canada Average Hourly Wages Permanent Employees (Aug): 3.6%, 3.5% previous
•Canada Employment Change (Aug): -65.5K, 4.9K forecast, -40.8K previous
•Canada Full Employment Change (Aug): -6K, -51K previous
•Canada Part-Time Employment Change (Aug): -59.7K, 10.3K previous
•Canada Participation Rate (Aug): 65.1%, 65.2% previous
•Canada Unemployment Rate (Aug): 7.1%, 7.0% forecast, 6.9% previous
•Canada Ivey PMI n.s.a (Aug): 50.0, 54.6 previous
•Canada Ivey PMI (Aug): 50.1, 53.1 forecast, 55.8 previous
•US Baker Hughes Oil Rig Count: 414, 411 forecast, 412 previous
•US Baker Hughes Total Rig Count: 537, 536 previous
Looking Ahead Economic Data (GMT)
• No Data Ahead
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro rose higher on Friday as dollar weakened after soft US jobs data boosts Fed rate-cut bets.U.S. job growth weakened sharply in August and the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for a Federal Reserve interest rate cut later this month.The Labor Department's closely watched employment report on Friday also showed the economy lost jobs in June for the first time in four and a half years, fanning fears of economic stagnation. Job growth has slowed since April, with economists blaming President Donald Trump's policies, mainly tariffs on imports, an immigration crackdown and mass firings of public workers. Nonfarm payrolls increased by only 22,000 jobs last month after rising by an upwardly revised 79,000 in July, the Labor Department's Bureau of Labor Statistics (BLS) said. Immediate resistance can be seen at 1.1767(Higher BB), an upside break can trigger rise towards 1.1824(23.6%fib).On the downside, immediate support is seen at 1.1652 (38.2%fib), a break below could take the pair towards 1.1578(Lower BB ).
GBP/USD: The pound rose against the US dollar on Friday as the greenback weakened following soft US jobs data that heightened economic concerns. The August employment report showed a sharp slowdown in job growth and a rise in the unemployment rate to 4.3%, reinforcing signs of a cooling labor market.Markets are now pricing a 90% probability of a 25-basis-point Fed rate cut in September and a 10% chance of a larger 50-basis-point move. While President Trump did not directly address the jobs report, he repeated his criticism of Fed Chair Jerome Powell over high borrowing costs.Sterling gained 0.54% to $1.3506 and was on track for a weekly advance, while the dollar index slipped 0.48% to 97.767, set for a 0.23% weekly decline.. Immediate resistance can be seen at 1.3559(38.2%fib), an upside break can trigger rise towards 1.3603(Higher BB).On the downside, immediate support is seen at 1.3397(50%fib), a break below could take the pair towards 1.3350(Lower BB).
USD/CAD: The Canadian dollar fell against the US dollar on Friday and posted sharper losses versus all other G10 currencies after a surprise drop in Canadian employment boosted expectations of renewed easing by the Bank of Canada. The economy lost 65,500 jobs in August, well below forecasts for a 10,000 gain, while the unemployment rate climbed to 7.1% the highest since May 2016 outside of the pandemic.Markets now price a 90% chance of a BoC rate cut on September 17, up from 75% before the data. The central bank last reduced its benchmark rate in March, lowering it to 2.75%.Meanwhile, disappointing US jobs data further cemented expectations for a Federal Reserve rate cut this month, pushing the US dollar sharply lower against a basket of major currencies. Immediate resistance can be seen at 1.3878(50 %fib), an upside break can trigger rise towards 1.3947(Higher BB).On the downside, immediate support is seen at 1.3746(38.2%fib), a break below could take the pair towards 1.3674(Lower BB)
USD/JPY: The U.S. dollar fell against the Japanese yen on Friday as dollar weakned after data showed U.S. job growth weakened sharply in August. U.S. nonfarm payrolls increased by only 22,000 jobs last month after rising by an upwardly revised 79,000 in July, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday. Economists polled by Reuters had forecast payrolls rising by 75,000 positions after a previously reported 73,000 gain in July, Investors will pay close attention to inflation data in the coming week. The monthly U.S. consumer price index is due on Thursday. Immediate resistance can be seen at 147.60(SMA20) an upside break can trigger rise towards 148.71(38.2%fib) .On the downside, immediate support is seen at 147.17(50%fib) a break below could take the pair towards 146.26 (Lower BB).
Equities Recap
European stocks gave up early gains to close lower on Friday, weighed down by energy and financial shares, as softer-than-expected US payrolls data fueled concerns over weakness in the world’s largest economy
UK's benchmark FTSE 100 closed down by 0.09 percent, Germany's Dax ended down by 0.73 percent, France’s CAC finished the day down by 0.31 percent.
US stocks closed slightly lower on Friday as investors balanced concerns over weakening economic growth with optimism that the Federal Reserve will move closer to cutting interest rates after August’s sharp slowdown in job creation.
Dow Jones closed down by 0.48% percent, S&P 500 closed down by 0.32% percent, Nasdaq settled down by 0.03% percent.
Commodities Recap
Gold extended rally on Friday, climbing to within cents of $3,600 an ounce, as weak US jobs data reinforced expectations of Federal Reserve rate cuts supportive of bullion.
Spot gold was up 1.4% at $3,596.55 per ounce, as of 2:47 p.m. EDT (1847 GMT), having hit a record $3,599.89 earlier. The metal is now on track for its strongest weekly gain in nearly four months. U.S. gold futures for December delivery settled 1.3% higher at $3,653.30
Oil prices slipped on Friday after a weak US jobs report clouded the demand outlook, while expectations of rising supplies ahead of this weekend’s OPEC+ meeting added further pressure.
Brent crude futures settled at $65.50 a barrel, down $1.49, or 2.22%. U.S. West Texas Intermediate crude finished at $61.87, down $1.61, or 2.54%.