Posted at 16 September 2025 / Categories Market Roundups
Market Roundup
• Canada Manufacturing Sales (MoM) (Jul): 2.5%, 1.7% forecast, 0.3% previous
• Canada New Motor Vehicle Sales (MoM) (Jul): 179.8K, 177.2K previous
• Canada Wholesale Sales (MoM) (Jul): 1.2%, 1.4% forecast, 1.0% previous
•French 12-Month BTF Auction: 2.046%, 1.997% previous
•French 3-Month BTF Auction: 2.007%, 1.989% previous
•French 6-Month BTF Auction: 2.027%, 2.006% previous
•US 3-Month Bill Auction: 3.905%, 3.940% previous
•US 6-Month Bill Auction: 3.715%, 3.730% previous
Looking Ahead Economic Data (GMT)
•03:00 New Zeland RBNZ Offshore Holdings (Aug) 60.80% previous
•04:30 Japan Tertiary Industry Activity Index (Jul) 4.50 previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro rose against on Monday as dollar eased as investors waited for the Federal Reserve to resume interest rate cuts at this week's meeting and as President Donald Trump renewed calls for faster monetary policy easing.Investors will parse Fed members' "dot plot" projections for rates and guidance from Fed Chair Jerome Powell to gauge the extent and pace of further easing.Trump on Monday called for Fed Chair Jerome Powell to enact a "bigger" cut, opens new tab to benchmark interest rates and pointed to the housing market in a social media post ahead of the U.S. central bank's meeting this week.Traders are fully pricing in a 25 basis point cut at the Federal Open Market Committee meeting on September 16 and 17, and about a 5% chance of a 50 basis point cut, according to the CME FedWatch Tool. 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 rose higher against the dollar on Monday as markets prepared for a busy week of central bank decisions, with the Bank of England among those in focus. The BoE is widely expected to leave interest rates unchanged at its September 18 meeting, given persistent inflation pressures, while also slowing the pace of its £100 billion annual bond unwind amid renewed volatility in gilt markets.Looking ahead, most economists surveyed expect the BoE to cut rates once next quarter and again early next year.Attention, however, will be centered on the U.S. Federal Reserve, which delivers its policy decision this week. Central banks in Japan and Canada are also scheduled to meet, adding to what promises to be an event-heavy period for global markets. Immediate resistance can be seen at 1.3626 (38.2%fib), an upside break can trigger rise towards 1.3644(Higher BB).On the downside, immediate support is seen at 1.3547(Daily low), a break below could take the pair towards 1.3485(50%fib).
USD/CAD: The Canadian dollar firmed against the U.S. dollar on Monday as Canadian dollar was bolstered by stronger-than-expected economic data. Manufacturing sales rose 2.5% in July, led by higher motor vehicle, petroleum, and coal product sales, surpassing the 1.8% forecast. Wholesale trade also grew 1.2% in July, while home sales increased in August for a fifth consecutive month. Investors are now focused on the Bank of Canada’s policy decision on Wednesday. The central bank has held its benchmark rate at 2.75% since March, but markets are speculating on the possibility of renewed easing. Rising oil prices added further support to the loonie, climbing 1% to $63.32 a barrel amid concerns over Ukrainian drone attacks on Russian refineries.Oil is one of Canada's major exports. Immediate resistance can be seen at 1.3817(SMA 20), an upside break can trigger rise towards 1.3866(50%fib).On the downside, immediate support is seen at 1.3755(38.2%fib), a break below could take the pair towards 1.3726 (Lower BB).
USD/JPY: The U.S. dollar edged lower against the yen on Monday as investors prepared for a packed week of central bank activity. Markets will be closely watching policy decisions from the Federal Reserve, Bank of Japan, Bank of England, Bank of Canada, Norges Bank, as well as central banks in Taiwan and Indonesia.Currency traders are particularly focused on Wednesday’s Federal Reserve meeting, where a 25-basis-point rate cut is widely expected. Analysts say the spotlight will be on the Fed’s dot plot and forward guidance for indications on the pace of future monetary easing. While the Bank of Japan is broadly expected to keep rates unchanged, investors will closely scrutinize Governor Kazuo Ueda’s remarks for hints on the future policy path.Immediate resistance can be seen at 148.00(Psychological level) an upside break can trigger rise towards 148.75(Higher BB) .On the downside, immediate support is seen at 146.36(Lower BB) a break below could take the pair towards 145.48 (50%fib).
Equities Recap
European shares ended Monday near a three-week high, led by gains in luxury and defense stocks, as investors positioned ahead of key policy meetings at the U.S. Federal Reserve and other central banks.
UK's benchmark FTSE 100 closed down by 0.07 percent, Germany's Dax ended up by 0.21 percent, France’s CAC finished the day up by 0.92 percent.
U.S. equities climbed on Monday, with the S&P 500 and Nasdaq hitting intraday record highs, as traders awaited this week’s pivotal Fed meeting.
Dow Jones closed up by 0.11% percent, S&P 500 closed up by 0.47% percent, Nasdaq settled up by 0.94% percent.
Commodities Recap
Gold hit a record high on Monday, buoyed by a softer dollar and declining Treasury yields, as markets awaited the Fed’s key policy decision this week.
Spot gold was up 1.1% at $3,680.80 per ounce as of 01:44 p.m. EDT (1744 GMT), after hitting a record high of $3,685.39 earlier in the session. Bullion climbed about 1.6% last week.U.S. gold futures for December delivery settled 0.8% higher at $3,719.00.
Oil prices closed higher on Monday as investors weighed the impact of Ukrainian drone attacks on Russian refineries and considered U.S. President Donald Trump’s call for NATO countries to stop buying Russian oil.
Brent crude futures settled up 45 cents, or 0.67%, at $67.44 a barrel while U.S. West Texas Intermediate crude settled 61 cents higher, up 0.97%, at $63.30 a barrel.