Posted at 18 September 2025 / Categories Market Roundups
Market Roundup
• US Initial Jobless Claims (Sep 13): 231K, 241K forecast, 264K previous
•US Jobless Claims 4-Week Avg. (Sep 13): 240.00K, 240.75K previous
•US Philadelphia Fed Manufacturing Index (Sep): 23.2, 1.7 forecast, -0.3 previous
•US Philly Fed Business Conditions (Sep): 31.5, 25.0 previous
•US Philly Fed CAPEX Index (Sep): 12.50, 38.40 previous
•US Philly Fed Employment (Sep): 5.6, 5.9 previous
•US Philly Fed New Orders (Sep): 12.4, -1.9 previous
•US Philly Fed Prices Paid (Sep): 46.80, 66.80 previous
•US Natural Gas Storage (Sep 13): 90B, 80B forecast, 71B previous
•US 4-Week Bill Auction (Sep 13): 4.040%, 4.060% previous
•US 8-Week Bill Auction (Sep 13): 3.965%, 4.000% previous
Looking Ahead Events and Other Releases(GMT)
• 23:30 Japan CPI, n.s.a. (MoM) (Aug): 0.2% previous
• 23:30 Japan National Core CPI (YoY) (Aug): 2.7% forecast, 3.1% previous
• 23:30 Japan National CPI (MoM) (Aug): 0.1% previous
• 23:30 Japan National CPI (YoY) (Aug): 3.1% previous
• 23:50 Japan Foreign Bonds Buying: 245.1B previous
• 23:50 Japan Foreign Investments in Japanese Stocks: 108.6B previous
• 03:00 Japan BoJ Interest Rate Decision 0.50% forecast, 0.50% previous
• 03:00 New Zealand Credit Card Spending (YoY) (Aug) 1.4% previous
Looking Ahead Events and Other Releases(GMT)
•02:30 Japan BoJ Monetary Policy Statement
Currency Summaries
EUR/USD : The euro dipped against dollar on Thursday as markets assessed the Federal Reserve's stance on further interest rate cuts. The Fed cut rates by 25 basis points, in line with expectations, and signaled a steady pace of reductions ahead. Chair Jerome Powell framed the step as a risk-management measure against labor market weakness, emphasizing a cautious approach to further easing. On the data front, The euro area’s current account surplus narrowed in July, weighed down by a smaller services surplus and lower primary income flows such as profits, wages, interest, and dividends.Adjusted figures showed the surplus fell to EUR 27.7 billion from EUR 35.8 billion in June. On an unadjusted basis, the surplus eased to EUR 35 billion from EUR 38.9 billion, ECB data showed on Thursday. Immediate resistance can be seen at 1.1824(38.2%fib), an upside break can trigger rise towards 1.1877(Higher BB).On the downside, immediate support is seen at 1.1755(50%fib), a break below could take the pair towards 1.1713 (SMA 20).
GBP/USD: The pound dipped against greenback on Thursday after the Bank of England kept rates steady and slowed the pace of its government bond sales. The Bank of England left rates unchanged on Thursday and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise the impact on turbulent bond markets. Policymakers voted 7-2 to slow the annual pace at which it unloads the gilts that it purchased from 2009 and 2021 to 70 billion pounds from 100 billion pounds ($136.47 billion), broadly in line with a Reuters poll median forecast a decline to 67.5 billion. Sterling turned negative on the day and was last at $1.3552. Immediate resistance can be seen at 1.3610(38.2%fib), an upside break can trigger rise towards 1.3681(Higher BB ).On the downside, immediate support is seen at 1.3524(SMA20), a break below could take the pair towards 1.3499(38.2%fib).
USD/CAD: The Canadian dollar weakened against the U.S. dollar on Thursday, pressured by mixed signals from the Bank of Canada and the Federal Reserve after both central banks cut interest rates.On Wednesday, the Bank of Canada lowered its key rate to 2.5%, a three-year low and its first cut since March, signaling it could ease further if economic risks increase. Meanwhile, the Fed, easing for the first time this year, indicated no urgency to lower borrowing costs quickly, allowing the U.S. dollar to recover some of its recent losses against major currencies.Adding to the loonie’s headwinds, oil a key Canadian export fell 0.9% to $63.48 a barrel.. Oil is one of Canada's major exports. The loonie was trading 0.2% lower at 1.3805 per U.S. dollar, after moving in a range of 1.3766 to 1.3809.Immediate resistance can be seen at 1.3806 (SMA20), an upside break can trigger rise towards 1.3820(50%fib).On the downside, immediate support is seen at 1.3733(61.8%fib), a break below could take the pair towards 1.706(Lower BB).
USD/JPY: The U.S. dollar strengthen against yen on Thursday after showed the number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump. The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's jump, but the labor market has softened as both the demand for and supply of workers have diminished. Initial claims for state unemployment benefits decreased 33,000 to a seasonally adjusted 231,000 for the week ended September 13. Claims in the prior week had jumped to 264,000, a level last seen in October 2021. Market attention now turns to Friday’s BoJ rate decision, with rates widely expected to stay at 0.5%. The BOJ exited its decade-long stimulus last year and raised short-term rates in January, aiming to sustain its 2% inflation target. Immediate resistance can be seen at 147.42(SMA 20) an upside break can trigger rise towards 148.85(38.2%fib) .On the downside, immediate support is seen at 147.10(61.8%fib) a break below could take the pair towards 146.15(Lower BB).
Equities Recap
European shares closed higher on Thursday, led by a rally in chipmakers and boosted by the continuation of the U.S. Federal Reserve’s policy-easing cycle, while SIG shares fell sharply following a profit warning.
UK's benchmark FTSE 100 closed up by 0.21 percent, Germany's Dax ended up by 1.34 percent, France’s CAC finished the day up by 0.87 percent.
Wall Street’s major indexes hit record highs on Thursday, following the U.S. Federal Reserve’s 25-basis-point rate cut, while Intel shares gained after Nvidia announced plans to acquire a stake in the company.
Dow Jones closed up by 0.27 %percent, S&P 500 closed down by 0.48% percent, Nasdaq settled up by 0.94 % percent.
Commodities Recap
Gold prices dipped on Thursday due to profit-taking, following a record high in the previous session, as investors weighed the Federal Reserve's outlook on future interest rate cuts.
Spot gold slipped 0.4% to $3,643.40 per ounce as of 1:51 pm EDT (1751 GMT). U.S. gold futures for December delivery settled 1.1% lower at $3,678.30.
Oil prices slipped on Thursday, closing lower as traders stayed cautious over the U.S. economic outlook, following the Federal Reserve’s first interest rate cut of the year.
Brent crude futures fell 51 cents, or 0.8%, to settle at $67.44. U.S. West Texas Intermediate (WTI) crude fell 48 cents, or 0.8%, to settle at $63.57.