Posted at 10 September 2025 / Categories Market Roundups
Market Roundup
• US Core PPI (MoM) (Aug): -0.1%, 0.3% forecast, 0.7% previous
• US Core PPI (YoY) (Aug): 2.8%, 3.5% forecast, 3.4% previous
• US PPI (MoM) (Aug): -0.1%, 0.3% forecast, 0.7% previous
• US PPI (YoY) (Aug): 2.6%, 3.3% forecast, 3.1% previous
• US PPI ex. Food/Energy/Transport (YoY) (Aug): 2.8%, , 2.7% previous
• US PPI ex. Food/Energy/Transport (MoM) (Aug): 0.3%, , 0.6% previous
• US Wholesale Inventories (MoM) (Jul): 0.1%, 0.2% forecast, 0.1% previous
• US Wholesale Trade Sales (MoM) (Jul): 1.4%, , 0.7% previous
• US Crude Oil Inventories: 3.939M, -1.900M forecast, 2.415M previous
• US EIA Refinery Crude Runs (WoW): -0.051M, , -0.011M previous
• US Crude Oil Imports: 0.668M, , 0.434M previous
• US Cushing Crude Oil Inventories: -0.365M, , 1.590M previous
• US Gasoline Inventories: 1.458M, -0.100M forecast, -3.795M previous
Looking Ahead Economic Data (GMT)
•23:50 Japan BSI Large Manufacturing Conditions (Q3) -3.3 forecast, -4.8 previous
•23:50 Japan Foreign Bonds Buying 1,419.8B previous
•23:50 Japan Foreign Investments in Japanese Stocks -785.7B previous
•23:50 Japan PPI (MoM) (Aug) -0.1% forecast, 0.2% previous
•23:50 Japan PPI (YoY) (Aug) 2.7% forecast, 2.6% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher but gains were limited on Wednesday as market awaited European Central Bank meeting on Thursday.Market participants largely anticipate that the European Central Bank will leave interest rates unchanged, following a series of cuts implemented earlier this year. Economists see the ECB’s easing cycle nearing completion, with the deposit rate at 2.0%, inflation close to target, and wage pressures softening.Lagarde is expected to underscore the ECB’s wait-and-see strategy, with scope for adjustments if the economy falters.. 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 against the dollar on Wednesday as dollar dipped after cooler-than-expected inflation data supported expectations the U.S. Federal Reserve will cut interest rates next week. A cooler-than-expected producer prices reading provided additional momentum as traders shored up their bets on interest-rate cuts this year. Recent labor market data has confirmed the U.S. jobs market is in a slowdown.Traders fully expect the Fed to cut interest rates by at least 25 basis points at its policy meeting next week, with a 10% chance the central bank could cut by 50 basis points, CME's FedWatch tool showed. Meanwhile, market participants are turning their attention to a busy slate of UK economic releases scheduled for Friday, which include monthly GDP, industrial production, and trade figures. 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).
USD/CAD: The Canadian dollar slipped to a two-week low against the U.S. dollar on Wednesday as expectations that the Bank of Canada (BoC) may resume its easing cycle offset higher oil prices. Market participants see about a 90% probability of a rate cut next Wednesday, following disappointing employment data that highlighted the economic impact of tariff-related uncertainties. The BoC has kept its benchmark rate on hold at 2.75% since March. Meanwhile, attention is also on the U.S. Federal Reserve, which is scheduled to announce its policy decision next Wednesday. Expectations of a Fed rate cut were reinforced by August’s weaker-than-expected producer price index, indicating easing inflationary pressures. The loonie was trading 0.1% lower at 1.3860 per U.S. dollar after touching its weakest intraday level since August 26 at 1.3867.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 eased modestly against the yen on Wednesday after data showed producer prices unexpectedly fell in August, cementing expectations that the Federal Reserve will resume cutting interest rates later this month.A Labor Department report showed the Producer Price Index for final demand fell 0.1% on a monthly basis, after a downwardly revised 0.7% jump in July. Economists polled by Reuters had forecast the PPI would rise 0.3% after a previously reported 0.9% surge in July.But the PPI advanced 2.6% on an annual basis in August, compared with a 3.3% gain expected by economists .Following the data, fed funds futures are pricing in a 90% chance of a standard 25-basis-point cut this month and a 10% chance of 50-bp rate decline, according to the CME's FedWatch. That was at 93% and 7%, respectively, late on Tuesday. 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 shares fell on Wednesday, as gains from Spanish fashion giant Inditex were outweighed by declines in technology stocks.
UK's benchmark FTSE 100 closed up by 0.15 percent, Germany's Dax ended down by 0.36 percent, France’s CAC finished the day up by 0.19 percent.
The S&P 500 and Nasdaq closed at record highs Wednesday, lifted by a rally in Oracle and softer-than-expected inflation data, which boosted expectations of a Fed rate cut next week.
Dow Jones closed down by 0.48 %percent, S&P 500 closed up by 0.30% percent, Nasdaq settled up by 0.03% percent.
Commodities Recap
Gold held near record highs Wednesday, buoyed by expectations of a Fed rate cut next week after U.S. inflation came in softer than expected.
Spot gold was up 0.6% at $3,647.94 per ounce, as of 2:18 p.m. EDT (1817 GMT), after hitting a record high of $3,673.95 on Tuesday.U.S. gold futures for December delivery settled flat at $3,682.
Oil prices rose over $1 a barrel Wednesday on concerns about potential supply disruptions after Poland downed drones and the U.S. proposed new sanctions on Russian oil buyers following an Israeli attack in Qatar, though growing U.S. inventories limited gains.
Brent crude futures settled up $1.10, or 1.7%, at $67.49 a barrel. U.S. West Texas Intermediate crude futures rose $1.04, or 1.7%, to settle at $63.67 a barrel.