Posted at 19 September 2025 / Categories Market Roundups
Market Roundup
•UK Core Retail Sales (YoY) (Aug) 1.2%,0.8% forecast,1.0% previous
•UK Retail Sales (MoM) (Aug) 0.8%, 0.3% forecast,0.4% previous
•UK Retail Sales (YoY) (Aug)0.7%,0.6% forecast,0.8% previous
•UK Retail Sales (MoM) (Aug) 0.5%,0.4% forecast,0.5% previous
• German PPI (YoY) (Aug) -2.2% , -1.8% forecast, -1.5% previous
• German PPI (MoM) (Aug) -0.5%,-0.1% forecast, -0.1% previous
• Greek Current Account (YoY) (Jul) 0.938B 0.196B previous
Looking Ahead Economic Data(GMT)
• 12:30 Canada Core Retail Sales (MoM) (Jul) -0.4% forecast, 1.9% previous
• 12:30 Canada Retail Sales (MoM) (Jul) -0.8% forecast, 1.5% previous
• 17:00 U.S. Baker Hughes Oil Rig Count 416 previous
• 17:00 U.S. Baker Hughes Total Rig Count 539 previous
Looking Ahead Events and Other Releases(GMT)
• 18:30 US FOMC Member Daly Speaks
Currency Forecast
EUR/USD : The euro dipped on Friday as dollar continued to recover after U.S. Federal Reserve signalled a more calibrated approach to further monetary policy easing.The Fed resumed rate cuts on Wednesday and opened the door to further easing, but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future easing.Fed Chair Jerome Powell characterised the policy action as a risk-management cut in response to the weakening labour market and said the central bank was in a "meeting-by-meeting situation" regarding the rate outlook.Traders are pricing in a 92% chance of another 25-bp cut at the Fed's October meeting, according to the CME Group's FedWatch tool. 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 declined on Friday after worse-than-expected UK borrowing data weighed on the pound. Official data on Friday showed UK public sector borrowing from April to August reached £83.8 billion ($113.39 billion), exceeding the Office for Budget Responsibility’s earlier forecast by £11.4 billion.Borrowing was the highest for the first five months of a financial year since 2020, when the government ramped up spending to support the economy during the coronavirus pandemic. The pound was the worst performer among G10 currencies, mirroring investors' concerns that Britain's finance minister Rachel Reeves may not be able to keep her budget under control.The currency fell as much as 0.5% to $1.3472 , heading for its biggest two-day drop since late July. Immediate resistance can be seen at 1.3520(SMA20), an upside break can trigger rise towards 1.3594 (38.2% Fib).On the downside, immediate support is seen at 1.3428(50%fib), a break below could take the pair towards 1.3365(Lower BB).
AUD/USD: The Australian dollar slipped against the U.S. dollar on Friday as the greenback recovered following a mixed Federal Reserve outcome. The dollar was further supported by data showing a decline in U.S. initial jobless claims last week, reversing the prior week’s increase.The Fed resumed rate cuts on Wednesday and signaled openness to further easing, but tempered the move with warnings about persistent inflation, leaving uncertainty over the pace of future reductions. In Australia, ABS data on Thursday showed employment fell by 5,400 in August, versus forecasts for a 21,500 gain, as full-time jobs dropped 40,900 following July’s revised 26,500 rise. Immediate resistance can be seen at 0.6658(Sep18th high), an upside break can trigger rise towards 0.6712(23.6%fib).On the downside, immediate support is seen at 0.6580(38.2%fib), a break below could take the pair towards 0.6547(Sep 8th low).
USD/JPY: The U.S. dollar dipped on Friday as yen firmed after the Bank of Japan kept interest rates unchanged, in line with expectations. The BOJ also announced plans to start selling riskier assets, taking further steps to unwind its extensive stimulus program. Two of the nine board members dissented, unsuccessfully pushing to raise short-term rates from 0.5% to 0.75%. At the conclusion of the two-day policy meeting, the BOJ said it would sell exchange-traded funds (ETFs) at an annual pace of around 330 billion yen and real estate investment trusts (REITs) at about 5 billion yen ($33.95 million) per year.The move followed data released earlier on Friday showing that Japan’s core consumer prices grew at the slowest pace in nine months. 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 stock markets struggled to advance on Friday and were on track to end the week flat, while Wall Street futures held steady after the Fed’s rate cut lifted U.S. equities to record highs.
At GMT (12:15) UK's benchmark FTSE 100 was last trading down at 0.04 percent, Germany's Dax was down by 0.12 percent, France’s CAC was up by 0.22 percent.
Commodities Recap
Gold prices inched higher on Friday, on track for a fifth consecutive weekly gain, supported by the Federal Reserve’s first rate cut of the year, as investors awaited further signals on the U.S. policy outlook.
Spot gold was up 0.1% at $3,647.68 per ounce as of 1148 GMT. Bullion is up 0.2% so far this week.U.S. gold futures for December delivery rose 0.1% to $3,679.90.
Oil prices fell on Friday as concerns over fuel demand overshadowed expectations that the U.S. Federal Reserve’s first rate cut of the year would spur consumption.
Brent crude futures were down 14 cents, or 0.2%, at $67.30 a barrel by 1051 GMT while U.S. West Texas Intermediate futures lost 28 cents, or 0.4%, to $63.29.