Posted at 19 September 2025 / Categories Market Roundups
Market Roundup
• Canada Core Retail Sales (MoM) (Jul) -1.2%, -0.4% forecast, 2.2% previous
• Canada Retail Sales (MoM) (Jul) -0.8%, -0.8% forecast, 1.6% previous
• Canada Retail Sales (MoM) (Aug) 1.0%, -0.8% previous
•U.S. Baker Hughes Oil Rig Count 418, 416 previous
•U.S . Baker Hughes Total Rig Count 542, 539
Looking Ahead Economic Data(GMT)
•No Data Ahead
Looking Ahead Events and Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD : The euro dipped on Friday as dollar extended its rebound against most major currencies, as traders reassessed the near-term outlook after the Federal Reserve cut interest rates this week but signalled that further easing would proceed only gradually. On Wednesday, the Fed delivered an expected rate cut but signaled little urgency to lower borrowing costs quickly in the coming months. The Fed's rate forecast, or the so-called "dot plot," showed projections of two more rate reductions this year.The U.S. currency may have room to rebound further after facing selling pressure in the days ahead of the Fed decision. 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 1.1750(50%fib), a break below could take the pair towards 1.1713 (SMA 20).
GBP/USD: The pound declined on Friday after a report showed Britain's borrowing had exceeded official forecasts, dampening consumer sentiment amid fiscal uncertainty. Britain’s borrowing has shot past the official forecasts that underpin the government's tax and spending plans, compounding the already big challenge facing finance minister Rachel Reeves in her November budget.A survey showed on Friday that Britons turned more downbeat this month, with the looming prospect of tax hikes threatening to further dent consumer confidence. UK retail sales for August showed a modest improvement, but broader economic concerns kept traders cautious.. 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).
USD/CAD: The Canadian dollar recovered some losses against the U.S. dollar on Friday, as preliminary August retail sales data suggested the economy might avoid a second consecutive quarterly contraction. Retail sales in Canada fell 0.8% to C$69.6 billion ($50.36 billion) in July, Statistics Canada reported, giving up most of June’s revised 1.6% gain. An advance indicator suggests sales could rebound around 1% in August. The price of oil settled 1.4% lower at $62.68 a barrel on worries about large supplies. Oil is one of Canada's major exports. The loonie was trading 0.1% higher at 1.3775 per U.S. dollar, after moving in a range of 1.3769 to 1.3825. For the week, the currency was up 0.5%. Immediate resistance can be seen at 1.3806 (SMA20), an upside break can trigger rise towards 1.3863(38.2%fib).On the downside, immediate support is seen at 1.3763(50%fib), a break below could take the pair towards 1.3713(Lower BB).
USD/JPY: The U.S. dollar steadied against yen on Friday as greenback extended its rebound against most major currencies, as traders reviewed the near-term outlook after the Federal Reserve cut interest rates this week but signaled gradual easing in the future. On Wednesday, the Fed delivered an expected rate cut but signaled little urgency to lower borrowing costs quickly in the coming months. The Fed's rate forecast, or the so-called "dot plot," showed projections of two more rate reductions this year. The U.S. Dollar Currency Index, tracking the greenback against six major currencies, rose 0.3% to 97.662. After falling 1% earlier in the week amid expectations of rapid Fed rate cuts, the index ended the week roughly unchanged. 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 dipped slightly Friday as sentiment was driven by key central bank moves, including the Fed’s widely anticipated rate cut.
UK's benchmark FTSE 100 closed down by 0.12 percent, Germany's Dax ended down by 0.15 percent, France’s CAC finished the day down by 0.01 percent.
All three of Wall Street’s main indexes closed at record highs for a second consecutive day on Friday, with trading volume reaching its highest level since April, as FedEx jumped on upbeat earnings.
Dow Jones closed up by 0.37 %percent, S&P 500 closed up by 0.49% percent, Nasdaq settled up by 0.72% percent.
Commodities Recap
Gold prices rose on Friday, set for a fifth straight weekly gain, as markets awaited further guidance following the U.S. Federal Reserve’s first rate cut of the year.
Spot gold was up 0.8% at $3,672.08 per ounce by 1:36 pm EDT (1736 GMT). Prices are up 0.8% so far this week. U.S. gold futures for December delivery settled 0.7% higher at $3,705.80.’
Oil prices fell on Friday as concerns over ample supplies and weakening demand outweighed hopes that the U.S. Federal Reserve’s first rate cut of the year would boost consumption.
Brent crude futures settled at $66.68 a barrel, down 76 cents or 1.1%. U.S. West Texas Intermediate futures finished at $62.68, down 89 cents or 1.4%.