Posted at 10 September 2025 / Categories Market Roundups
Market Roundup
•US Redbook (YoY) 6.6%, 6.5% previous
•US Payrolls Benchmark, n.s.a. -911.00K, -598.00K previous
•US 3-Year Note Auction 3.485% , 3.669% previous
Looking Ahead Economic Data (GMT)
• 03:35 Japan 5-Year JGB Auction 1.056% previous
Looking Ahead Events and Other Releases(GMT)
• No events ahead
Currency Summaries
EUR/USD : The euro slipped slightly on Tuesday as euro stayed under pressure due to political instability in Paris. French Prime Minister Francois Bayrou lost a confidence vote on Monday, plunging the euro zone's second largest economy deeper into political crisis.Financial markets had anticipated the no confidence vote would fail, while French markets face another test on Friday when Fitch Ratings reviews its AA- French rating with a negative outlook. 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 slipped on Tuesday as the U.S. dollar rebounded, with investors consolidating positions ahead of key inflation reports this week. U.S. producer price data is due Wednesday, followed by consumer price figures on Thursday, both closely watched for signs of tariff impacts on inflation in the world’s largest economy.The greenback briefly weakened after a report showed downward revisions of nearly one million jobs in government estimates for April 2024 to March 2025, pointing to a softer labor market than previously thought. However, markets largely shrugged off the payroll revisions, keeping focus on upcoming inflation data. 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).
USD/CAD: The Canadian dollar weakened against the U.S. dollar on Tuesday as concerns over the domestic economic outlook fueled fresh bearish positioning in the currency. Weaker Canadian employment data on Friday reinforced signs that uncertainty surrounding U.S. tariffs is weighing on growth.Although most Canadian exports currently benefit from tariff-free access under the Canada-United States-Mexico Agreement, the pact is scheduled for review in July next year, adding to market caution. Meanwhile, Canadian bond yields inched higher across the curve, with the 10-year yield rising 1.6 basis points to 3.225% after touching a three-month low of 3.208% on Monday. The loonie was trading 0.3% lower at 1.3845 per U.S. dollar after moving in a range of 1.3794 to 1.3848. On Friday, the currency touched a 9-day low at 1.3854.Immediate resistance can be seen at 1.3878 (50%fib), an upside break can trigger rise towards 1.3903 (Higher BB).On the downside, immediate support is seen at 1.3815(SMA 20), a break below could take the pair towards 1.37751(38.2%fib).
USD/JPY: The U.S. dollar recovered against the yen on Tuesday as investors looked ahead to inflation data due this week. Investors are closely monitoring key U.S. inflation indicators this week, with the Producer Price Index (PPI) scheduled for release on Wednesday and the Consumer Price Index (CPI) due on Thursday. These readings are expected to provide crucial insight into price trends in the world’s largest economy, particularly in the context of tariffs and their pass-through effects on goods and services. The dollar index rose, but hovered near a seven-week low against rivals, while benchmark U.S. 10-year Treasury yields also rose after reaching five-month lows earlier. 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
European stocks closed flat on Tuesday, with gains from Anglo American’s merger deal and firmer oil prices offset by political uncertainty in France following Prime Minister François Bayrou’s ouster.
UK's benchmark FTSE 100 closed up by 0.23 percent, Germany's Dax ended down by 0.37 percent, France’s CAC finished the day up by 0.19 percent.
Wall Street’s three major indexes closed at record highs Tuesday, driven by a UnitedHealth rally and payrolls revisions that bolstered Fed rate cut expectations.
Dow Jones closed up by 0.43 %percent, S&P 500 closed up by 0.27% percent, Nasdaq settled up by 0.37 % percent.
Commodities Recap
Gold extended its record-setting rally on Tuesday, supported by growing bets on a September U.S. rate cut as investors awaited key inflation data this week.
Spot gold was up 0.2% at $3,643.57 per ounce, as of 0212 p.m. ET (18:12 GMT), after hitting a record high of $3,673.95 earlier in the session.U.S. gold futures for December delivery settled 0.1% higher at $3,682.2.
Oil prices rose on Tuesday following reports that the Israeli military conducted an attack on Hamas leaders in Doha, Qatar, signaling a broader escalation in Middle East tensions.
Brent crude futures settled 37 cents, or 0.6%, higher at $66.39 a barrel, while U.S. West Texas Intermediate crude futures also climbed 37 cents, or 0.6%, to close at $62.63 a barrel.