Posted at 22 September 2025 / Categories Market Roundups
Market Roundup
• 01:00 China PBoC Loan Prime Rate (Sep) 3.50%, 3.50% forecast, 3.50% previous
• 01:15 China PBoC Loan Prime Rate 3.00%, 3.00% forecast, 3.00% previous
Looking Ahead Economic Data (GMT)
• 07:00 Swiss M3 Money Supply (Aug) 1,193,413.0B previous
•09:00 Belgium Consumer Confidence (Sep) -2 previous
• Looking Ahead Events and Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro dipped on Monday as investors positioned ahead of a series of Federal Reserve speeches scheduled throughout the week, which could offer further guidance on the U.S. interest rate outlook. The market reaction follows the Fed’s recent resumption of its easing cycle, and traders are now keen to gauge whether policymakers will signal a continuation of rate cuts or adjust their outlook based on incoming economic data. The euro zone’s data calendar is relatively light, with highlights including PMIs across Europe, consumer confidence, the ECB’s inflation outlook, and Germany’s Ifo business survey. The euro fell 0.35% against the dollar to $1.1745. Immediate resistance can be seen at 1.1786(38.2%fib), an upside break can trigger rise towards 1.1837(Higher BB).On the downside, immediate support is seen at 1.1715(SMA20), a break below could take the pair towards 1.1677(50%fib).
GBP/USD: The pound traded near a two-week low on Monday as markets grappled with a surge in UK public borrowing, which stoked concerns over fiscal sustainability, while the Bank of England’s latest rate decision reinforced the policy dilemma of tackling persistent inflation without derailing fragile economic growth. The combination of rising debt levels and cautious central bank guidance left investors wary of the UK’s economic outlook, limiting appetite for sterling. The UK calendar is limited to flash PMIs, though attention will also turn to comments from BoE Chief Economist Huw Pill, MPC member Megan Greene, and Governor Andrew Bailey at an LSE event. Immediate resistance can be seen at 1.3552(38.2%fib), an upside break can trigger rise towards 1.3559(Sep 19th high ).On the downside, immediate support is seen at 1.3415(61.8%fib), a break below could take the pair towards 1.3393(Lower BB).
AUD/USD: The Australian dollar slipped against the U.S. dollar on Monday as investors digested comments from a senior central banker. Reserve Bank of Australia Governor Michele Bullock, speaking before a House Economics Committee, described the economy as being in a solid position, with steady growth and inflation, signaling no immediate need for a rate cut.With the RBA scheduled to meet next week, markets currently assign just a 16% probability to a quarter-point reduction, rising sharply to around 70% for the following meeting on November 4. If easing occurs, only one further cut to 3.10% is anticipated, assuming economic momentum continues at its second-quarter pace, contrasting with the U.S. Federal Reserve, which has already implemented a cumulative 100 basis points of cuts. Immediate resistance can be seen at 0.6661(Sep18th high), an upside break can trigger rise towards 0.6702(23.6%fib).On the downside, immediate support is seen at 0.6580(SMA 20), a break below could take the pair towards 0.6555(38.2%fib).
USD/JPY: The U.S. dollar firmed against the yen on Monday as traders positioned ahead of a series of Federal Reserve speeches scheduled throughout the week, which could provide further guidance on the U.S. interest rate outlook following last week’s resumption of the Fed’s easing cycle. The Japanese calendar features flash PMIs, Tokyo September CPI, and BoJ minutes from July, though markets will look past them given Friday’s policy decision. Focus is also turning to the ruling party’s October 4 leadership election. The dollar was up 0.03% to 147.97 against the Japanese yen. Immediate resistance can be seen at 148.52(Higher BB) an upside break can trigger rise towards 149.15(38.2%fib) .On the downside, immediate support is seen at 147.52(SMA 20) a break below could take the pair towards 146.52(61.8%fib).
Equities Recap
Asian equities ticked up on Monday and the dollar was stable, as markets digested the Fed’s recent rate cut, though Trump’s tightening of worker visa rules kept optimism limited.
China A50 was up 0.46% , Hang Seng was down 0.96 Japan’s Nikkei 225 was up 1.02%
Commodities Recap
Gold hit a record high on Monday, buoyed by investor demand after the U.S. Federal Reserve cut interest rates last week and hinted at further easing.
Spot gold rose 0.7% at $3,709.29 per ounce, as of 0637 GMT, after hitting a record high of $3,711.55.U.S. gold futures for December delivery climbed 1% to $3,743.40.
Oil climbed on Monday amid geopolitical tensions in Europe and the Middle East, but worries over increased supply and trade tariff impacts limited the rally.
Brent crude futures rose 45 cents, or 0.67%, to $67.13 a barrel by 0701 GMT while the U.S. West Texas Intermediate crude contract for October was at $63.15 a barrel, up 47 cents, or 0.75%.