Posted at 08 September 2025 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction 1.997% ,2.020% previous
• French 3-Month BTF Auction 1.989% , 1.984% previous
• French 6-Month BTF Auction 2.006% , 2.009% previous
• US CB Employment Trends Index (Aug) 106.41, 107.13 previous
• US -Month Bill Auction 3.940%, 4.045% previous
• US 6-Month Bill Auction 3.730%, 3.880% previous
Looking Ahead Economic Data (GMT)
•23:50 Japan M2 Money Stock (YoY) 1.1% forecast, 1.0% previous
•23:50 Japan M3 Money Supply (Aug) 2,211.9B previous
• 01:30 Australia Westpac Consumer Sentiment 5.7% previous
• 01:30 Australia Westpac Consumer Sentiment (Sep) 5.7% previous
•01:30 Australia NAB Business Confidence (Aug) 7 previous
•01:30 Australia NAB Business Survey (Aug) 5 previous
•06:00 Japan Machine Tool Orders (YoY) (Aug) 3.6% forecast,-0.5% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro rose on Monday as the dollar extended losses following Friday’s weak U.S. jobs report, which reinforced expectations of a Federal Reserve rate cut this month. The August nonfarm payrolls showed a sharp slowdown in job growth, while the unemployment rate climbed to 4.3%, its highest in nearly four years. Fed funds futures now price in a 90% probability of a 25-basis-point cut and a 10% chance of a 50-bp move. On the political front, France’s parliament voted to oust the government on Monday over debt-control plans, a widely expected outcome that deepens the political crisis in the euro zone’s second-largest economy.On the data front, German exports fell unexpectedly in July on weaker U.S. demand from tariffs, though industrial output rose .Immediate resistance can be seen at 1.1734(38.2%fib), an upside break can trigger rise towards 1.1817(23.6%fib).On the downside, immediate support is seen at 1.1672(50%fib), a break below could take the pair towards 1.1605(61.8%fib ).
GBP/USD: The pound strengthened on Monday as the dollar slipped after unexpectedly weak U.S. employment data reinforced expectations of a Federal Reserve rate cut this month. U.S. job growth slowed sharply in August, while the unemployment rate climbed to 4.3%, its highest in nearly four years, underscoring softer labor market conditions and cementing prospects of a rate cut next week. Attention now turns to Thursday’s U.S. inflation report, which could provide clearer guidance on the size of the Fed’s move. Meanwhile ,Bank of England is unlikely to cut rates this year, as inflation stays well above target and the economy slows without clear signs of deeper weakness. 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 was little changed against the U.S. dollar on Monday as traders awaiting key U.S. inflation data due later this week. Speculators have increased bearish bets on the loonie to their highest level since April. The U.S. consumer price index for August, scheduled for release on Thursday, comes after weaker-than-expected jobs data in both the U.S. and Canada on Friday, which fueled expectations of interest rate cuts on both sides of the border and pressured both currencies against their G10 peers. The price of oil rose 0.7% to $62.29 a barrel after producer group OPEC+ opted for a modest output hike. Oil is one of Canada's major exports. The loonie was trading nearly unchanged at 1.3825 per U.S. dollar, or 72.33 U.S. cents, after moving in a range of 1.3789 to 1.3844 .Immediate resistance can be seen at 1.3811 (SMA 20), an upside break can trigger rise towards 1.3862 (50%fib).On the downside, immediate support is seen at 1.3729(38.2%fib), a break below could take the pair towards 1.3704 (Lower BB).
USD/JPY: The U.S. dollar initially strengthened but pared some gains against the yen on Monday as markets assessed political uncertainty following Japanese Prime Minister Ishiba’s resignation on Sunday. His sudden departure has sparked questions about Japan’s policy direction, with investors closely watching the leadership race.Lingering global inflation concerns, political instability in Japan, unresolved U.S.-Japan trade issues, and a dovish Bank of Japan policy stance continue to weigh on the yen. Japanese wholesale inflation and U.S. CPI data are scheduled for release later this week, but markets remain confident the BoJ will keep rates unchanged at its upcoming meeting. The LDP leadership election is not expected until October 4, prolonging the policy vacuum. Immediate resistance can be seen at 148.58(38.2%fib) an upside break can trigger rise towards 149.16(Sep3rd high) .On the downside, immediate support is seen at 147.53(SMA 20) a break below could take the pair towards 146.73 (50%fib).
Equities Recap
European shares closed higher on Monday, with French stocks also gaining, as investors remained calm ahead of a no-confidence vote that ultimately led to the ouster of France’s fifth prime minister in three years.
UK's benchmark FTSE 100 closed up by 0.14percent, Germany's Dax ended up by 089 percent, France’s CAC finished the day up by 0.78 percent.
The Nasdaq reached a record closing high on Monday, driven by a strong rally in Broadcom shares, while the S&P 500 also advanced as investors priced in expectations that the Federal Reserve may soon cut interest rates to support economic growth.
Dow Jones closed up by 0.25 %percent, S&P 500 closed up by 0.21% percent, Nasdaq settled up by 0.45 % percent.
Commodities Recap
Gold topped $3,600 an ounce for the first time on Monday, reaching a record high, as weak U.S. jobs data fueled expectations of a Fed rate cut next week.
Spot gold rose 1.3% to $3,634.25 per ounce, as of 2:26 p.m. EDT (1826 GMT). Bullion hit a record high of $3,646.29.U.S. gold futures for December delivery settled 0.7% higher at $3,677.40.
Oil prices rose on Monday, recouping part of last week’s losses, after OPEC+ announced a modest output increase and investors factored in the potential for additional sanctions on Russian crude.
Brent crude settled up 52 cents, or 0.79%, to $66.02 a barrel, while U.S. West Texas Intermediate crude settled up 39 cents, or 0.63%, to $62.26 a barrel.