Posted at 11 September 2025 / Categories Market Roundups
Market Roundup
• Italian 3-Year BTP Auction 2.44%, 2.47% previous
• Italian 7-Year BTP Auction 2.76%,3.17% previous
Looking Ahead Economic Data (GMT)
• 12:15 Eurozone Deposit Facility Rate (Sep) 2.00% 2.00% previous
• 12:15 Eurozone ECB Marginal Lending Facility 2.40% previous
• 12:15 Eurozone ECB Interest Rate Decision (Sep) 2.15% 2.15% previous
Looking Ahead Events and Other Releases(GMT)
• 12:15 Eurozone ECB Monetary Policy Statement
Currency Forecast
EUR/USD The euro eased against dollar on Thursday as investors awaited the European Central Bank’s policy decision. The ECB is widely expected to keep interest rates unchanged, with inflation running close to target, though lingering trade and political risks mean policymakers will maintain the option of further easing. The Bank cut its key rate to 2% by June but has since held steady, arguing that the 20-member euro zone economy remains resilient, even if additional support may yet be needed. Attention will also turn to U.S. consumer inflation data later in the day. Economists forecast a pickup in August prices, though the increase is unlikely to derail expectations for a Federal Reserve rate cut next week. 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 dipped against the dollar on Thursday as markets focused on U.S. core consumer inflation data and a European Central Bank policy meeting . U.S. CPI data is due at 12:30 GMT, with forecasts pointing to a 0.3% monthly rise in August and annual inflation at 2.9%, up from 2.7% in July.The European Central Bank announces its rate decision at 12:15 GMT, with no change in borrowing costs widely expected. Markets will focus on President Christine Lagarde’s comments regarding the impact of trade and political risks on policy. Meanwhile, the Bank of England’s Monetary Policy Committee meets next Thursday, with money markets widely expecting it to keep interest rates unchanged at 4%.Immediate resistance can be seen at 1.3580(38.2%fib), an upside break can trigger rise towards 1.3598(Higher BB).On the downside, immediate support is seen at 1.3492(SMA20), a break below could take the pair towards 1.3433(50%fib).
AUD/USD: The Australian dollar edged lower on Thursday as markets awaited key U.S. inflation data. U.S. producer prices unexpectedly declined in August, driven by weaker trade services margins and only modest gains in goods costs. Attention now turns to the U.S. consumer price index due at 12:30 GMT, with forecasts pointing to a 0.3% monthly rise in August versus 0.2% in July, and an annual increase to 2.9% from 2.7%.Despite Thursday’s pullback, the Australian dollar has found underlying support from stronger commodity prices, particularly iron ore and gold. Iron ore climbed above $107 per metric ton this week, its highest level since late February, while gold extended its rally to fresh record highs. 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 0.6582(Sep 10th low), a break below could take the pair towards 0.6521(SMA20).
USD/JPY: The U.S. dollar firmed against the yen on Thursday as dollar gained some traction ahead of U.S. inflation data.U.S. inflation likely picked up in August from higher gas prices and tariffs, but remains moderate, keeping markets confident in next week’s Fed rate cut.The Labor Department’s CPI release on Thursday may stoke fears of stagflation amid recent disappointing employment figures.Next Wednesday’s Fed meeting is expected to deliver a 25-basis-point rate cut, while markets assign a small probability to a 50-point reduction, according to CME FedWatch. Immediate resistance can be seen at 148.55(Higher BB) an upside break can trigger rise towards 149.08(38.2%fib) .On the downside, immediate support is seen at 147.71(50%fib) a break below could take the pair towards 146.66 (Lower BB).
Equities Recap
European shares rose modestly in volatile trade on Thursday, as investors awaited the European Central Bank’s policy decision and U.S. inflation data due later in the day.
At GMT (11:52) UK's benchmark FTSE 100 was last trading up at 0.42 percent, Germany's Dax was up by 0.18 percent, France’s CAC was up by 0.79 percent.
Commodities Recap
Gold eased on Thursday but stayed close to record highs above $3,600, weighed down by a firmer dollar and profit-taking, as investors awaited U.S. consumer inflation data due later in the day.
Spot gold was down 0.5% at $3,621.19 per ounce, as of 1016 GMT. Bullion hit a record high of $3,673.95 on Tuesday. U.S. gold futures for December delivery fell 0.6% to $3,659.70.
Oil prices slipped on Thursday, weighed down by worries over weakening U.S. demand and a global supply glut, despite ongoing risks from conflicts in the Middle East and Ukraine.
Brent crude futures were down 63 cents, or 0.9%, at $66.86 a barrel by 1139 GMT while U.S. West Texas Intermediate crude futures lost 68 cents, or about 1.1%, to $62.99.