Posted at 10 September 2025 / Categories Market Roundups
Market Roundup
• China CPI (MoM) (Aug) 0.0%, 0.1% forecast,0.4% previous
• China CPI (YoY) (Aug) -0.4%,-0.2% forecast, 0.0% previous
• China PPI (YoY) (Aug) -2.9%,-2.9% forecast, -3.6% previous
Looking Ahead Economic Data (GMT)
• 08:00 Italian Industrial Production (YoY) (Jul) -0.9% previous
• 08:00 Italian Industrial Production (MoM) (Jul) 0.1% forecast, 0.2% previous
•09:00 Greek CPI (YoY) (Aug) 3.1% previous
•09:00 Greek HICP (YoY) (Aug) 3.7% previous
•09:00 Greek Industrial Production (YoY) (Jul) 0.5% previous
Looking Ahead Events and Other Releases(GMT)
• 11:45 SNB Vice Chairman Schlegel Speaks
•12:00 German Buba Vice President Buch Speaks
Currency Forecast
EUR/USD : The euro edged lower on Wednesday as political turmoil in France kept the currency under pressure. Lawmakers ousted Prime Minister Francois Bayrou in a no-confidence vote on Monday, intensifying a crisis in the euro zone’s second-largest economy. While analysts do not expect the upheaval to trigger a sharp selloff in the common currency, uncertainty has weighed on sentiment. President Emmanuel Macron is now tasked with appointing his fifth prime minister in less than two years, who will face the challenge of uniting parliament to pass the 2025 budget and tackle France’s ballooning deficit—the largest in the euro area. 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 steadied against the dollar on Wednesday as traders awaited key U.S. inflation data that could shape the size of the Federal Reserve’s rate cut next week. Markets are fully convinced the Fed will ease policy on September 17, with the CME FedWatch Tool showing an 8.4% chance of a larger 50-basis-point cut. Just a week ago, investors still saw a 7% probability of no change, but last week’s weak payrolls report erased that cushion, making rate cuts inevitable. The final test of this view will come with U.S. producer price data on Wednesday and consumer price data on Thursday. Immediate resistance can be seen at 1.3585(Sep 9th 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 extended gains on Wednesday as higher commodity prices and improved investor risk appetite supported Australian dollar. Iron ore futures have climbed for a sixth consecutive day, buoyed by expectations of increased demand from China. Additionally, oil strengthened amid rising geopolitical tensions in the Middle East. Attention now turns to U.S. inflation data, with PPI due Wednesday and CPI Thursday, as markets seek guidance on Fed policy moves next week.Analysts expect a +0.3% month-on-month increase and +3.1% year-on-year rise in core CPI. These readings are critical for gauging inflationary pressure and potential Federal Reserve policy adjustments. At GMT 07:13, the Australia dollar was up 0.28% to 1.3554 against the US dollar. 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 gained modestly against the yen on Wednesday as traders braced for crucial inflation reports this week that could help define the size and scope of interest rate cuts from the Federal Reserve for next week and beyond. Last week’s weak jobs data locked in expectations of Fed easing at the September 16–17 meeting, leaving investors debating a 25 or 50 basis-point cut.The impact of tariffs on prices will be tested this week with US PPI out Wednesday and due on US CPI Thursday.Traders are fully pricing in a 25 bps cut next week and have ascribed a 5% chance to a 50 bps reduction. They anticipate 66 bps of easing this year.Meanwhile, global political developments are in view, withes up but struggles to extend gains. 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 rose on Wednesday as traders increased bets that U.S. labor market weakness will push the Federal Reserve to cut rates by at least 25 basis points next week.
South Korea’s KOSPI was up 1.67% ,China’sA50 traded up 0.48% ,Hang sang was up 1.07%
Commodities Recap
Gold held firm above $3,600 on Wednesday, supported by growing bets of a Fed rate cut and with inflation data in focus later this week.
Spot gold was up 0.5% at $3,644.54 per ounce, as of 0652 GMT, after hitting a record high of $3,673.95 on Tuesday.U.S. gold futures for December delivery were flat at $3,683.
Oil prices rose Wednesday after Israel struck Hamas leaders in Qatar and Trump urged Europe to tariff Russian oil, though gains were limited by a weak outlook.
Brent crude futures were up 61 cents, or 0.92%, at$67 a barrel, as of 0620 GMT, and U.S. West Texas Intermediate crude futures gained 61 cents, or 0.97%, to $63.24 a barrel.