Posted at 15 September 2025 / Categories Market Roundups
Market Roundup
•China Fixed Asset Investment (YoY) (Aug) 0.5%, 1.5%forecast, 1.6%pevious
•China Industrial Production (YoY) (Aug) 5.2%, 5.7% forecast, 5.7% previous
•China Industrial Production YTD (YoY) (Aug) 6.2%,6.3% previous
•China Retail Sales (YoY) (Aug) 3.4%, 3.8% forecast,3.7% previous
•China Chinese Retail Sales YTD (YoY) (Aug) 3.67%, 3.84% previous
•China Unemployment Rate (Aug) 5.3%, 5.2% forecast,35.2% previous
Looking Ahead Economic Data(GMT)
•09:30 German 12-Month Bubill Auction 1.895% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro inched up against the dollar on Monday, even after Fitch downgraded France’s credit rating last week, as investors focused on a series of key central bank policy decisions. Fitch Ratings downgraded France's sovereign credit score after hours on Friday, citing the government's rising debt burden. The move strips the euro zone's second-largest economy of its AA- status. Investors are closely monitoring this week's key rate decisions in the U.S., Japan, United Kingdom, Canada, and Norway, with the Federal Reserve's decision on Wednesday taking centre stage. The common currency was a touch lower at $1.1725, also losing around 0.2% against sterling and the Japanese yen.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 Monday ahead of an action-packed week that looks certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts.The Bank of England and Bank of Japan are expected to keep policy rates unchanged this week. Analysts are focusing on the BOE's plans to slow its reduction of government bond holdings and the BOJ's commentary to gauge the likelihood of a rate hike over the remainder of the year. Sterling rose 0.3% to $1.3593, its strongest level in a month. Immediate resistance can be seen at 1.3601(38.2%fib), an upside break can trigger rise towards 1.3620(Higher BB).On the downside, immediate support is seen at 1.3498(SMA20), a break below could take the pair towards 1.3478(50%fib).
AUD/USD: The Australian dollar firmed on Monday ahead of big central bank week as the U.S. Federal Reserve is set to resume its policy easing cycle.Event risk this week is dominated by rate decisions in the U.S., Japan, the U.K., Canada, and Norway, alongside a heavy data calendar in Europe and China.Markets widely anticipate the Fed will cut rates by 25 bps to 4.00%-4.25% on Wednesday to bolster the cooling labor market, while leaving a slim possibility for a deeper 50 bps reduction.Markets will closely watch the FOMC statement and Chair Jerome Powell’s press conference for forward guidance, with as many as three rate cuts expected this year.Key U.S. releases this week include retail sales, industrial production, housing starts, weekly jobless claims, and the Philadelphia Fed index. Immediate resistance can be seen at 0.6702(23.6%fib), an upside break can trigger rise towards 0.6720(Higher BB).On the downside, immediate support is seen at 0.6593(Sep 11th low), a break below could take the pair towards 0.6552(38.2%fib).
USD/JPY: The U.S. dollar dipped modestly against the yen on Monday as traders engaged in position adjustments ahead of a key week for global monetary policy.Investors eye a packed week of central bank meetings across the U.S., Japan, Taiwan, Indonesia, the U.K., Canada, and Norway.The Fed takes the spotlight, as a quarter-point rate cut is broadly anticipated on Wednesday, alongside scrutiny of its forward guidance for 2025.Meanwhile, BOJ is widely expected to hold rates at 0.5% on Friday while signaling its readiness to raise rates again in Q4 as inflationary pressures persist. Immediate resistance can be seen at 148.00(Psychological level) an upside break can trigger rise towards 148.75(38.2%fib) .On the downside, immediate support is seen at 147.11(50%fib) a break below could take the pair towards 146.43 (Lower BB).
Equities Recap
Asian shares held near four-year highs on Monday, ahead of a busy week likely to see the U.S. Federal Reserve resume its easing cycle, potentially paving the way for multiple rate cuts.
South Korea’s KOSPI was up 0.35% ,Hang Seng traded up 0.22% ,Japan’s Nikkei 225 was up 0.89%
Commodities Recap
Gold prices held steady on Monday, as investors awaited an anticipated Fed rate cut this week, with profit-taking and a stronger dollar limiting further gains.
Spot gold held its ground at $3,642.65 per ounce, as of 0606 GMT. Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday.
Oil prices inched up on Monday as markets weighed the impact of Ukrainian drone attacks on Russian refineries, while President Trump signaled readiness to sanction Russia if NATO stops buying its oil.
Brent crude futures rose 32 cents, or 0.5%, to $67.31 a barrel by 0800 GMT while U.S. West Texas Intermediate crude was at $63.01 a barrel, also up 32 cents, or 0.5%.