Posted at 16 September 2025 / Categories Market Roundups
Market Roundup
• US Core Retail Sales (MoM) (Aug): 0.7%, 0.4% forecast, 0.4% previous
• US Export Price Index (MoM) (Aug): 0.3%, -0.1% forecast, 0.3% previous
• US Export Price Index (YoY) (Aug): 3.4%, 2.4% previous
• US Import Price Index (YoY) (Aug): 0.0%, -0.2% previous
• US Import Price Index (MoM) (Aug): 0.3%, -0.2% forecast, 0.2% previous
• US Retail Control (MoM) (Aug): 0.7%, 0.4% forecast, 0.5% previous
• US Retail Sales (YoY) (Aug): 5.0%, 4.09% previous
• US Retail Sales (MoM) (Aug): 0.6%, 0.2% forecast, 0.6% previous
• US Retail Sales Ex Gas/Autos (MoM) (Aug): 0.7%, 0.3% previous
• Canada Common CPI (YoY) (Aug): 2.5%, 2.5% forecast, 2.6% previous
• Canada Core CPI (MoM) (Aug): 0.0%, 0.1% previous
• Canada Core CPI (YoY) (Aug): 2.6%, 2.6% previous
• Canada CPI (MoM) (Aug): -0.1%, 0.0% forecast, 0.3% previous
• Canada CPI (YoY) (Aug): 1.9%, 2.0% forecast, 1.7% previous
• Canada Median CPI (YoY) (Aug): 3.1%, 3.1% forecast, 3.1% previous
• Canada Trimmed CPI (YoY) (Aug): 3.0%, 3.0% forecast, 3.1% previous
• US Redbook (YoY): 6.3%, 6.6% previous
• US Capacity Utilization Rate (Aug): 77.4%, 77.4% forecast, 77.4% previous
• US Industrial Production (YoY) (Aug): 0.87%, 1.27% previous
• US Industrial Production (MoM) (Aug): 0.1%, -0.1% forecast, -0.4% previous
• US Manufacturing Production (MoM) (Aug): 0.2%, -0.2% forecast, -0.1% previous
• US Business Inventories (MoM) (Jul): 0.2%, 0.2% forecast, 0.2% previous
• US NAHB Housing Market Index (Sep): 32, 33 forecast, 32 previous
• US Retail Inventories Ex Auto (Jul): 0.1%, -0.1% forecast, 0.1% previous
Looking Ahead Economic Data(GMT)
• 23:50 Japan Adjusted Trade Balance -0.36T forecast, -0.30T previous
• 23:50 Japan Exports (YoY) (Aug) -1.9% forecast, -2.6% previous
• 23:50 Japan Imports (YoY) (Aug) -4.2% forecast, -7.5% previous
• 23:50 Japan Trade Balance (Aug) -513.6B forecast, -117.5B previous
•00:00 Australia MI Leading Index (MoM) (Aug) 0.1% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro rose 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. German investor expectations rose unexpectedly in September, the ZEW research institute said on Tuesday, in a sign of cautious optimism despite the economy's poor performance compared to other Group of Seven (G7) nations.The ZEW's economic sentiment index, which looks at mid-term expectations, rose to 37.3 points from 34.7 points in August, beating analysts' forecasts for 26.3 points. Immediate resistance can be seen at 1.1878(23.6%fib), an upside break can trigger rise towards 1.1913(Higher BB).On the downside, immediate support is seen at 1.1784(38.2%fib), a break below could take the pair towards 1.1698(50%fib).
GBP/USD: The pound rose against the dollar on Tuesday as dollar slumped ahead Fed rate decision on Wednesday. Markets expect a 25 basis points rate cut on Wednesday, with rapidly softening US labour market data being the key driver of the ramp-up in easing bets in recent weeks. A report from the Office for National Statistics on Tuesday showed payrolls declined for the seventh straight month, while private sector wage growth eased to 4.7% in the May–July period, compared with 4.8% in the previous three months.The data indicate that Britain’s labour market is cooling, potentially easing some Bank of England concerns about persistent inflation, though it is unlikely to significantly influence Thursday’s rate decision. The Bank of England is widely expected to hold interest rates steady at its upcoming meeting, after delivering a rate cut in August. Immediate resistance can be seen at 1.3665(38.2%fib), an upside break can trigger rise towards 1.3712(Higher BB).On the downside, immediate support is seen at 1.3562(50%fib), a break below could take the pair towards 1.3511(SMA 20).
USD/CAD: The Canadian dollar strengthened to a two-week high against its U.S. counterpart on Tuesday, as broad-based declines for the greenback offset cooler-than-expected domestic inflation data.Canada’s annual inflation rose 1.9% in August, as gasoline prices fell at a slower pace than the previous month and food costs edged higher, data showed on Tuesday. The annual rate has been influenced by the cancellation of the carbon levy on gasoline, which has lowered fuel costs, leading economists to focus on core inflation for price trends. On a monthly basis, the Consumer Price Index declined 0.1% in August, Statistics Canada reported. The loonie was trading 0.2% higher at 1.3745 per U.S. dollar, or 72.75 U.S. cents, after touching its strongest intraday level since September 1 at 1.3738.Immediate resistance can be seen at 1.3809(SMA 20), an upside break can trigger rise towards 1.3865 (50%fib).On the downside, immediate support is seen at 1.3722(38.2%fib), a break below could take the pair towards 1.3674(Lower BB).
USD/JPY: The U.S. dollar dipped against the yen on Tuesday as dollar fell across the board as investors firmed bets for a Federal Reserve interest rate cut this week. Markets expect a 25-basis-point rate cut on Wednesday, with rapidly softening labor market data the key driver of the ramp-up in easing bets in recent weeks. Fed Chair Jerome Powell is scheduled to hold a press conference following the 2 p.m. release of the Fed's policy statement on Wednesday. The dollar got little relief from data on Monday that showed U.S. retail sales increased more than expected in August. Investors remain concerned about U.S. economic growth amid labor market weakness and rising goods prices because of tariffs on imports. 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(38.2%fib) a break below could take the pair towards 145.77 (Lower BB).
Equities Recap
European shares dropped over 1% at Tuesday’s close, dragged down by rate-sensitive sectors, as investors grew cautious ahead of the U.S. Federal Reserve’s highly anticipated policy decision on Wednesday.
UK's benchmark FTSE 100 closed down by 0.88 percent, Germany's Dax ended down by 1.77 percent, France’s CAC finished the day down by 1.00 percent.
Wall Street's major indexes fell on Tuesday amid volatile trading, as investors grew cautious ahead of the expected Federal Reserve interest rate cut.
Dow Jones closed down by 0.27 %percent, S&P 500 closed down by 0.13% percent, Nasdaq settled downby 0.07 % percent.
Commodities Recap
Gold surged past $3,700 an ounce on Tuesday, driven by growing expectations of a Federal Reserve rate cut, alongside strong safe-haven demand, central bank purchases, and a softer dollar.
Spot gold rose 0.3% to $3,690.59 per ounce, as of 10:49 am ET (1449 GMT), after hitting a record high of $3,702.95 earlier in the session. U.S. gold futures for December delivery rose 0.2% to $3,727.50.
Oil prices climbed more than $1 per barrel on Tuesday as traders assessed potential disruptions to Russian supplies from Ukrainian drone attacks on ports and refineries, while awaiting the Federal Reserve’s interest rate decision.
Brent crude futures settled up $1.03, or 1.5%, at $68.47 a barrel. U.S. West Texas Intermediate crude futures rose $1.22, or 1.9%, to settle at $64.52 a barrel.