Posted at 09 September 2025 / Categories Market Roundups
Market Roundup
• Japan M2 Money Stock (YoY) 1.3%, 1.1%forecast, 1.0% previous
• Japan M3 Money Supply (Aug) 2,219.7B, 2,211.4B previous
•Australia NAB Business Confidence (Aug) 4, 8 previous
•Australia NAB Business Survey (Aug) 7.5 previous
•Japan Machine Tool Orders (YoY) (Aug) 8.1%, 3.6%forecast, -0.5% previous
Looking Ahead Economic Data (GMT)
• 08:40 Spanish 3-Month Letras Auction 1.929% previous
•09:30 German 10-Year Bund Auction 2.770% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro slipped slightly on Tuesday following France’s parliamentary vote to oust the government, a move that had been widely anticipated. On Monday, French lawmakers voted 364–194 to remove Prime Minister François Bayrou and his minority government, citing disagreements over debt-control plans. The development deepens the political uncertainty in the eurozone’s second-largest economy and is likely to keep investors cautious. Meanwhile, market focus is expected to shift to the ECB statement and President Christine Lagarde’s press conference, where investors will look for guidance on the bank’s policy stance and future rate direction. Immediate resistance can be seen at 1.1807(Higher BB), an upside break can trigger rise towards 1.1837(Higher BB).On the downside, immediate support is seen at 1.1669(38.2%fib), a break below could take the pair towards 1.1681(SMA 20 ).
GBP/USD: The pound edged higher on Tuesday as dollar softened on mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected jobs report last week. U.S. job growth weakened sharply in August and the unemployment rate increased to a nearly four-year high of 4.3%, confirming that labour market conditions were softening and sealing the case for a Fed rate cut next week.Traders are pricing in an 89.4% chance of a 25-basis-point Fed rate cut at this month's meeting and a 10.6% probability of a jumbo 50-basis-point cut, per the CME Group's FedWatch tool. The UK releases monthly GDP, industrial production and trade data on Friday. Immediate resistance can be seen at 1.3585(Daily high), an upside break can trigger rise towards 1.3631(38.2%fib).On the downside, immediate support is seen at 1.3539(50%fib), a break below could take the pair towards 1.3490(SMA 20).
AUD/USD: The Australian dollar rose to hit one and a half month high on Tuesday as greenback continued to soften as expectations mount for more aggressive interest rate cuts by the Federal Reserve.Globally, attention remains on the Fed, with markets debating whether policymakers will deliver a standard 25-basis-point rate cut or opt for a larger 50-basis-point move at next week’s FOMC meeting. Key U.S. inflation readings will shape expectations, with producer price data due Wednesday and core CPI on Thursday, where economists forecast a 0.3% monthly rise and a 3.1% annual gain. Domestically, the September Westpac consumer confidence index fell 3.1%, reversing part of the strong 5.7% rebound seen in August. The decline underscores lingering uncertainty among Australian households despite some recent stability in economic conditions. Immediate resistance can be seen at 0.6622(38.2%fib), an upside break can trigger rise towards 0.6650(Higher BB).On the downside, immediate support is seen at 0.6546(Sep 8th low), a break below could take the pair towards 0.6515(50%fib).
USD/JPY: The U.S. dollar eased slightly against the yen on Tuesday as broad dollar weakness outweighed Japan’s political turbulence. The yen came under pressure Monday following the sudden resignation of Prime Minister Ishiba, which cast fresh uncertainty over Japan’s political and economic outlook.The unexpected announcement clouded expectations for the Bank of Japan, adding volatility as investors assessed potential shifts in policy direction. Political maneuvering is already underway, with several hopefuls preparing leadership bids. Markets reacted cautiously, with traders wary of any policy implications tied to the new leadership contest. Renewed uncertainty over the political landscape across various economies has rattled currency and bond markets in the past few sessions. Immediate resistance can be seen at 147.54(SMA 20) an upside break can trigger rise towards 148.42(38.2%fib) .On the downside, immediate support is seen at 146.53(50%fib) a break below could take the pair towards 146.17 (Lower BB).
Equities Recap
Asian stocks climbed on Tuesday, supported by expectations of a U.S. rate cut as soon as next week, even as political turmoil across the globe kept currency and bond markets on edge.
South Korea’s KOSPI was up 1.26% ,China’sA50 traded down 0.35% ,Hang sang was up 1.01%
Commodities Recap
Oil prices extended gains on Tuesday after OPEC+ opted for a smaller-than-expected output increase, while lingering concerns over tighter supply from potential new sanctions on Russia continued to provide support.
Brent crude rose 51 cents, or 0.77%, to $66.53 a barrel by 0645 GMT, while U.S. West Texas Intermediate crude climbed 50 cents, or 0.8%, to $62.76 a barrel.
Gold prices surged to a record high on Tuesday, supported by a weaker U.S. dollar and falling bond yields, as increasing expectations of a Federal Reserve rate cut this month boosted demand for the precious metal.
Spot gold was up 0.2% at $3,642.09 per ounce, as of 0636 GMT, after hitting a record high of $3,659.10 earlier in the session. U.S. gold futures for December delivery edged 0.1% higher to $3,682.10.