Posted at 17 September 2025 / Categories Market Roundups
Market Roundup
• 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
•EU Core CPI (YoY) (Aug) 2.3%, 2.3% forecast, 2.3% previous
•EU Core CPI (MoM) (Aug) 0.3%, 0.3% forecast, -0.2% previous
•EU CPI (MoM) (Aug) 0.1%, 0.2% forecast, 0.0% previous
•EU CPI (YoY) (Aug) 2.0%, 2.1% forecast, 2.0% previous
•EU CPI ex Tobacco (YoY) (Aug) 2.0% , 2.0% previous
•EU CPI ex Tobacco (MoM) (Aug) 0.1%, 0.0% previous
•EU CPI, n.s.a (Aug) 129.31, 129.32 forecast, 129.12 previous
•EU HICP ex Energy & Food (YoY) (Aug) 2.3%, 2.3% forecast, 2.4% previous
•EU HICP ex Energy & Food (MoM) (Aug) 0.3%, 0.3% forecast, -0.1% previous
•EU German 30-Year Bund Auction 3.250% , 3.280% previous
Looking Ahead Economic Data(GMT)
•12:30 US Building Permits (Aug) 1.370M forecast, 1.362M previous
•12:30 US Building Permits (MoM) (Aug) -2.2% previous
•12:30 US Housing Starts (Aug) 1.370M forecast, 1.428M previous
•12:30 US Housing Starts (MoM) (Aug) 5.2% previous
•12:30 Canada Foreign Securities Purchases (Jul) -1.32B forecast, 0.71B previous
•12:30 Canada Foreign Securities Purchases by Canadians (Jul) 9.040B previous
•14:30 US Crude Oil Inventories 1.400M forecast, 3.939M previous
•14:30 US EIA Refinery Crude Runs (WoW) -0.051M previous
•14:30 US Crude Oil Imports 0.668M previous
•14:30 US Cushing Crude Oil Inventories -0.365M previous
• 18:00 US Fed Interest Rate Decision 4.25% forecast, 4.50% previous
Looking Ahead Events and Other Releases(GMT)
• 13:45 Canada BoC Rate Statements
• 14:30 Canada BOC Press Conference
• 17:00 German Buba President Nagel Speaks
• 18:00 US FOMC Economic Projections
• 18:00 US FOMC Statement
• 18:30 US FOMC Press Conference
Currency Forecast
EUR/USD : The euro dipped from four-year high against the dollar on Wednesday as markets focused on the Federal Reserve’s upcoming rate decision. The Fed is widely expected to cut interest rates by 25 basis points to a 4.00%–4.25% range later in the day, with investors closely watching Fed Chair Jerome Powell’s comments for clues on the future path of monetary policy. Meanwhile, Eurostat reported that annual inflation in the Eurozone eased slightly to 2.0% in August, down from the earlier estimate of 2.1%, remaining steady from June and July. Among the main inflation components, food, alcohol, and tobacco recorded the highest annual increase at 3.2% in August, slightly lower than July’s 3.3%. 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 steadied on Wednesday as market digested UK inflation data and awaited the latest monetary policy decision by the U.S. Federal Reserve.UK inflation remained steady at 3.8% in August, the highest among major advanced economies, according to official data on Wednesday, strengthening expectations that the Bank of England will delay interest rate cuts until next year.The increase in food prices which the BoE views as crucial in shaping public inflation expectations was the steepest since January last year, offsetting a decline in airline fares, the Office for National Statistics reported.Attention meanwhile shifted to the U.S. Federal Reserve, which is expected to cut its benchmark interest rate by 25 basis points to a range of 4.00%–4.25% later 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 slightly 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 dipped slightly against the yen on Wednesday as market focused on the Federal Reserve’s policy decision later in the day and the Bank of Japan’s meeting on Friday. The Fed is set to trim rates by 25 bps to 4.00%–4.25% on Wednesday, with markets watching Powell’s guidance on policy outlook .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. The dollar index which tracks the dollar against a basket of currencies of other major trading partners, edged up 0.2% after falling on Tuesday to the lowest since early July. Dollar was a touch softer at around 146.41 yen following a 0.6% slide in the previous session 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
European shares edged higher on Wednesday as investors awaited the Federal Reserve’s policy decision and Chair Jerome Powell’s speech for hints on the pace of future easing.
At GMT (12:25) UK's benchmark FTSE 100 was last trading up at 0.25 percent, Germany's Dax was up by 0.13 percent, France’s CAC was down by 0.14 percent.
Commodities Recap
Gold prices pulled back on Wednesday from the record highs seen in the previous session, as investors took profits and a stronger dollar pressured the market ahead of the Federal Reserve’s policy decision later in the day.
Spot gold was down 0.6% at $3,668.04 per ounce, as of 1151 GMT, after hitting a record high of $3,702.95 on Tuesday.U.S. gold futures for December delivery dropped 0.6% to $3,703.50.
Oil prices slipped on Wednesday following a more than 1% gain in the previous session, while geopolitical tensions supported the market as traders anticipated a U.S. Federal Reserve rate cut later in the day.
Brent crude futures were down 62 cents, or 0.9%, to $67.85 a barrel at 1042 GMT, while U.S. West Texas Intermediate crude futures were down 63 cents, or around 1%, to $63.89 a barrel