Posted at 17 September 2025 / Categories Market Roundups
Market Roundup
•US Building Permits (MoM) (Aug) -3.7%, -2.2% previous
•US Housing Starts (Aug) 1.307M, 1.370M forecast, 1.429M previous
•US Housing Starts (MoM) (Aug) -8.5% , 3.4% previous
•Canada Foreign Securities Purchases (Jul) 26.69B, -1.32B forecast, 1.01B previous
•Canada Foreign Securities Purchases by Canadians (Jul) 17.410B, , 9.040B previous
•Canada BoC Interest Rate Decision 2.50%, 2.50% forecast, 2.75% previous
•US Crude Oil Inventories -9.285M, 1.400M forecast, 3.939M previous
•US Gasoline Inventories -2.347M, -0.700M forecast, 1.458M previous
Looking Ahead Economic Data (GMT)
•23:50 Japan Core Machinery Orders (YoY) (Jul) 5.4% forecast, 7.6% previous
•23:50 Japan Core Machinery Orders (MoM) (Jul) -1.8% forecast, 3.0% previous
•00:30 Australia Reserve Assets Total (Aug) 104.3B previous
•01:30 Australia Employment Change (Aug) 21.2K forecast, 24.5K previous
•01:30 Australia Full Employment Change (Aug) 60.5K previous
•01:30 Australia Participation Rate (Aug) 67.0% forecast, 67.0% previous
•01:30 Unemployment Rate (Aug) 4.2% forecast, 4.2% previous
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro slipped slightly on Wednesday as the dollar strengthened, despite the U.S. Federal Reserve cutting interest rates by 25 basis points. The Fed signaled it would continue lowering borrowing costs gradually through the rest of the year. New Fed Governor Stephen Miran, who joined the central bank on Tuesday while on leave from his role as head of the White House Council of Economic Advisers, was the sole dissenter, favoring a half-point cut.Fed Chair Jerome Powell said in a press briefing that some of the more severe inflation risks have eased, noting that while tariffs may be pushing up prices, the impact increasingly appears to be a “one-time price increase. The euro fell 0.38% to $1.1822 against the dollar. The dollar index rose 0.35% to 96.96. 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 latest monetary policy decision by the U.S. Federal Reserve. The Fed's widely anticipated decision to cut rates was accompanied by projections for steady reductions throughout the year, reflecting concerns over labor-market weakness.The decision was nearly unanimous, with only Stephen Miran dissenting after joining the Fed on Tuesday.The rate cut marks a resumption of the policy easing cycle, which had been on pause since December 2024.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. Immediate resistance can be seen at 1.3649(38.2%fib), an upside break can trigger rise towards 1.3720(Sep 17th high).On the downside, immediate support is seen at 1.3556(50%fib), a break below could take the pair towards 1.3526(SMA A20).
USD/CAD: The Canadian dollar weakened against its U.S. counterpart on Wednesday in choppy trading as the Bank of Canada and the Federal Reserve resumed their interest rate cutting campaigns.The Bank of Canada reduced its key policy rate by 25 basis points to a three-year low of 2.5%, as expected, citing a weak jobs market and less concern about underlying pressures on inflation.The cut was a unanimous decision of the seven-member Governing Council, Macklem said. The last time the key rate hit 2.50% was in July 2022. The Fed cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of the year. Meanwhile, Powell said the Fed is in a "meeting-by-meeting situation" regarding the outlook for interest rates .Immediate resistance can be seen at 1.3806 (SMA20), an upside break can trigger rise towards 1.3848 (50%fib).On the downside, immediate support is seen at 1.3722(38.2%fib), a break below could take the pair towards 1.3690(Lower BB).
USD/JPY: The U.S. dollar initially dipped but rebounded against the yen on Wednesday after the Federal Reserve delivered a widely expected interest rate cut and signaled the start of a monetary policy easing cycle. The Federal Reserve, concerned about rising unemployment, cut interest rates on Wednesday for the first time since December and indicated further reductions could follow to support a labor market showing signs of weakness, including higher joblessness among Black workers and a declining workweek.The move partially aligns with President Donald Trump’s call for rate cuts but falls short of the deeper reductions he has sought, a stance reflected in new Fed Governor Stephen Miran’s lone dissenting vote.Fed Chair Jerome Powell, speaking after the quarter-point cut to 4.00%–4.25%, said additional cuts could come in October and December, noting that the weakening labor market is now a primary concern for policymakers. Immediate resistance can be seen at 147.00(Psychological level) an upside break can trigger rise towards 148.33(Higher BB) .On the downside, immediate support is seen at 146.40(Lower BB) a break below could take the pair towards 145.68 (61.8%fib).
Equities Recap
European shares closed flat on Wednesday as investors held back ahead of the Federal Reserve’s policy decision, while Puma jumped on takeover speculation.
UK's benchmark FTSE 100 closed up by 0.13 percent, Germany's Dax ended up by 0.14percent, France’s CAC finished the day down by 0.40 percent.
The Nasdaq and S&P 500 ended Wednesday lower amid volatile trading, following the Fed’s widely expected 25-basis-point rate cut and Chair Jerome Powell’s remarks on a softening job market.
Dow Jones closed up by 0.57 %percent, S&P 500 closed down by 0.10% percent, Nasdaq settled down by 0.33 % percent.
Commodities Recap
Gold prices dropped nearly 1% on Wednesday, pulling back from an earlier record high as investors reacted to comments from Federal Reserve Chair Jerome Powell.
Spot gold was down 0.9% at $3,658.25 per ounce, as of 3:11 pm EDT (1911 GMT), after hitting a record high of $3,707.40. Prices have risen nearly 6% so far this month.U.S. gold futures for December delivery settled 0.2% lower at $3,717.8.
Oil prices slipped on Wednesday as rising U.S. diesel inventories raised demand concerns, while the Federal Reserve’s anticipated interest rate cut also influenced markets.
Brent crude futures settled 52 cents, or 0.76%, lower to $68.22 a barrel while U.S. West Texas Intermediate crude futures lost 47 cents, or 0.73%, at $64.05.