Posted at 17 September 2025 / Categories Market Roundups
Market Roundup
• New Zealand Current Account (QoQ) (Q2) -0.97B, -2.67B forecast,-2.32B previous
• New Zealand Current Account (YoY) (Q2) -15.96B ,-24.66B previous
• New Zealand Current Account % of GDP (Q2) -3.70%,-5.70% previous
•Japan Adjusted Trade Balance -0.15T,-0.37T forecast,-0.29T previous
•Japan Exports (YoY) (Aug) -0.1%, -1.9% forecast,-2.6% previous
•Japan Imports (YoY) (Aug) -5.2%,-4.2% forecast, -7.4% previous
•Japan Trade Balance (Aug) -242.5B,-513.6B forecast, -118.4B previous
• UK Core CPI (MoM) (Aug) 0.3%, 0.2% previous
• UK Core CPI (YoY) (Aug) 3.6%, 3.7%forecast,3.8% previous
• UK Core RPI (MoM) (Aug) 0.4%,0.4% previous
• UK Core RPI (YoY) (Aug) 4.4% , 4.7%% previous
• UK CPI (YoY) (Aug) 3.8%,3.8% forecast,3.8% previous
• UK CPI (MoM) (Aug) 0.3%,0.3% forecast,0.1% previous
• UK CPI, n.s.a (Aug) 139.00,139.00 previous
• UK RPI (YoY) (Aug) 4.6%,4.7% forecast,4.8% previous
• UK RPI (MoM) (Aug) 0.4%,0.5% forecast,0.4% previous
Looking Ahead Economic Data(GMT)
• 09:00 EU Core CPI (MoM) (Aug) 0.3% forecast, -0.2% previous
• 09:00 EU Core CPI (YoY) (Aug) 2.3% forecast,2.3% previous
• 09:00 EU CPI (YoY) (Aug) 2.1% forecast,2.0% previous
• 09:00 EU CPI (MoM) (Aug) 0.2% forecast,0.0% previous
• 09:00 EU CPI ex Tobacco (YoY) (Aug) 2.0% previous
• 09:00 EU CPI ex Tobacco (MoM) (Aug) 0.0% previous
• 09:00 EU CPI, n.s.a (Aug) 129.32 forecast,129.12 previous
• 09:00 EU HICP ex Energy & Food (YoY) (Aug) 2.3% forecast,2.4% previous
• 09:00 EU HICP ex Energy and Food (MoM) (Aug) 0.3% forecast,-0.1% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro hovered near four-year high against the dollar driven by mounting speculation over Federal Reserve easing. Investors are largely still pricing in a 25 basis-point cut from the U.S. central bank at the conclusion of its two-day meeting on Wednesday, to offset the deterioration in the U.S. labor market, evidenced by numerous recent economic indicators. The euro was down 0.1% at $1.1855, after touching $1.1867 on Tuesday, its highest level since September 2021. The dollar was little changed at 146.43 yen following a 0.6% slide in the previous session. Data on Tuesday showed U.S. retail sales increased more than expected in August as consumers bought a range of goods and dined out, but a weakening labour market and rising prices because of tariffs pose a downside risk to continued strength in spending. Immediate resistance can be seen at 1.1881(Higher BB), an upside break can trigger rise towards 1.1903(Higher BB).On the downside, immediate support is seen at 1.1785(38.2%fib), a break below could take the pair towards 1.1710(50%fib).
GBP/USD: The pound eased slightly against the dollar on Wednesday as investors grew cautious ahead of a widely expected U.S. interest rate cut later in the day. The U.S. Federal Reserve is widely expected to cut the benchmark interest rate by a quarter-percentage-point from the current level of between 4.25% and 4.50% later in the day, the first reduction since December 2024. British inflation held at 3.8% in August, the highest of any major advanced economy, according to official figures that underscore why investors believe the Bank of England is unlikely to cut interest rates again this year.Inflation for consumer services closely watched by the BoE as a gauge of domestic price pressures slowed to 4.7% from 5.0% in July, the Office for National Statistics said on Wednesday. Immediate resistance can be seen at 1.3662(23.6%fib), an upside break can trigger rise towards 1.3680(Higher BB).On the downside, immediate support is seen at 1.3593(Daily low), a break below could take the pair towards 1.3563(38.2%fib).
AUD/USD: Australian dollar eased on Wednesday as the U.S. dollar staged a modest recovery ahead of the Federal Reserve’s policy decision .The Federal Reserve is widely expected to announce a 25-basis-point rate cut later today to bolster the labor market, with investors focusing on Chair Jerome Powell’s remarks for clues on the trajectory of future policy easing. Greater attention will be on the Fed’s updated dot plot, which may indicate the potential number of additional cuts ahead, given weak labor data, persistent inflation, and mounting political pressure. Meanwhile, the upcoming Australian labor market report, due Thursday, is anticipated to show 20K–25K positions added and unemployment rate to remain steady at 4.2%, the data that could shape the RBA’s interest-rate path. 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 edged higher against the yen on Wednesday ahead of the Bank of Japan policy meeting on Friday where the central bank is expected to stand pat on rates.The Bank of Japan is expected to keep interest rates steady next week and signal its cautious optimism the economy appears to be weathering the hit from U.S. tariffs, a message that may keep alive expectations of another hike in borrowing costs this year. The BOJ's meeting will come days after that of the U.S. Federal Reserve, which looks set to kick off a series of interest rate cuts to shore up a fragile labour market. At the two-day gathering ending on September 19, the BOJ is widely expected to keep interest rates steady at 0.5%.Markets are focusing on Ueda's post-meeting press briefing for hints on how soon the BOJ could resume rate hikes, paused since January as policymakers scrutinise the impact of tariffs. Immediate resistance can be seen at 147.00(Psychological level) an upside break can trigger rise towards 147.47(SMA 20) .On the downside, immediate support is seen at 146.29(61.8%fib) a break below could take the pair towards 146.08 (Lower BB).
Equities Recap
Asian equities stalled on Wednesday as global investors awaited the Fed’s expected rate cut and guidance on further easing.
China A50 was up 0.63% , Hang Seng was up 1.88 Japan’s Nikkei 225 was down 0.17%
Commodities Recap
Oil prices dipped on Wednesday after gaining over 1% a day earlier, though geopolitical concerns kept losses in check as traders awaited the Fed’s expected rate cut.
Brent crude futures were down 33 cents, or 0.5%, to $68.14 a barrel at 0810 GMT, while U.S. West Texas Intermediate crude futures were down 32 cents, or 0.5%, to $64.20 a barrel.
Gold eased on Wednesday as a firmer dollar and profit-taking followed bullion’s record high in the prior session on Fed rate cut bets.
Spot gold fell 0.5% to $3,671.61 per ounce, as of 0646 GMT, after hitting a record high of $3,702.95 on Tuesday.U.S. gold futures for December delivery fell 0.4% to $3,709.