Posted at 16 September 2025 / Categories Market Roundups
Market Roundup
• Japan Tertiary Industry Activity Index (Jul) 1.40, 3.90 previous
•UK Average Earnings ex Bonus (Jul) 4.8%, 4.8% forecast,5.0% previous
•UK Average Earnings Index +Bonus (Jul) 4.7%, 4.7% forecast,4.6% previous
•UK Claimant Count Change (Aug) 17.4K , 15.3K forecast,-33.3K previous
•UK Employment Change 3M/3M (MoM) (Jul) 232K, 220K forecast,238K previous
•UK Unemployment Rate (Jul) 4.7%,4.7% forecast,4.7% previous
Looking Ahead Economic Data(GMT)
•09:00 German ZEW Current Conditions (Sep -75.0 forecast, -68.6 previous
•09:00 German ZEW Economic Sentiment (Sep) 25.3 forecast, 34.7 previous
•09:00 EU Wages in euro zone (YoY) (Q2) 3.70% forecast, 3.40% previous
•09:00 EU Industrial Production (YoY) (Jul) 1.7% forecast, 0.2% previous
•09:00 EU Industrial Production (MoM) (Jul) 0.4% forecast, -1.3% previous
•09:00 EU Labor Cost Index (YoY) (Q2) 3.70% forecast,3.40% previous
•09:00 EU ZEW Economic Sentiment (Sep) 20.3 forecast,25.1 previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Sumaries
EUR/USD : The euro strengthened against the dollar on Tuesday as the U.S. dollar remained under pressure ahead of this week’s Federal Reserve meeting. Market focus is firmly on Wednesday’s FOMC outcome at 1800 GMT, where a 25-basis-point rate cut is widely expected, though forward guidance from the Fed could introduce volatility. In the U.S., a court ruling blocked former President Trump’s attempt to dismiss Fed Governor Cook, adding a political layer to the backdrop .On the data front, investors await key eurozone releases, namely Germany’s ZEW investor sentiment surveys and Italy’s consumer inflation report. 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 slightly against the dollar on Tuesday as the U.S. currency weakened ahead of this week’s Federal Reserve meeting, where investors widely expect a rate cut. Markets are largely pricing in a 25-basis-point reduction on Wednesday, though there remains a small chance of a larger 50-basis-point move. Looking ahead, traders anticipate a total of 67 basis points of easing over the remainder of 2025, increasing to 81 basis points by the end of January. Britain’s labor market showed signs of slowing on Tuesday, according to official data, which could ease some of the Bank of England’s concerns over persistent inflation pressures. The Office for National Statistics reported that payroll numbers fell for the seventh consecutive month, while broader wage growth moderated slightly. 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 eased slightly on Tuesday as markets were largely in wait-and-see mode ahead Federal Reserve interest rate decision later this week. The U.S. Federal Reserve begins its two-day policy meeting on Tuesday, with an interest rate cut largely expected as political pressure from the White House on monetary policy intensifies. Markets have fully priced in a 25 bp cut, with a slim chance of 50 bp still on the table as Trump urges the Fed to opt for a bigger move. Markets will also focus closely on the Fed’s updated “dot plot” and Powell’s comments on how far and how fast rate cuts may go. At GMT 08:16, the Australian dollar was down 0.11% to 0.6664 against the greenback. 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 against the yen on Tuesday as dollar weakened ahead of the Federal Reserve's policy meeting this week, where the U.S. central bank is widely expected to cut interest rates. Markets see a rate reduction of at least 25 basis points on Wednesday as a certainty, with a small chance of a super-sized 50 basis-point cut. A total of 67 basis points of reductions are seen over the rest of this year, rising to 81 basis points by end-January. 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. The dollar slipped 0.3% to 146.975 yen .Immediate resistance can be seen at 147.47(SMA 20) an upside break can trigger rise towards 148.00(Psychological level) .On the downside, immediate support is seen at 146.75(Daily low) a break below could take the pair towards 146.43 (Lower BB).
Equities Recap
Asian stocks rose on Tuesday as the dollar weakened, with investors pricing in expectations that the U.S. Federal Reserve could resume its easing cycle this week and signal more rate cuts ahead.
South Korea’s KOSPI was up 1.24% ,Hang Seng traded down 0.12% ,Japan’s Nikkei 225 was up 0.32%
Commodities Recap
Gold climbed to a record high on Tuesday, buoyed by a softer dollar ahead of this week’s Federal Reserve meeting, where markets widely anticipate a rate cut.
Spot gold rose 0.2% to $3,685.02 per ounce, as of 0632 GMT, after hitting a record high of $3,689.27 earlier in the session. U.S. gold futures for December delivery rose 0.1% to $3,722.70.
Oil edged higher Tuesday, extending prior gains, amid concerns over Russian supply disruptions after Ukrainian drone strikes and anticipation of the U.S. central bank’s policy decision.