Posted at 22 September 2025 / Categories Market Roundups
Market Roundup
• Belgium Consumer Confidence (Sep) -1 forecast,-2 previous
• Swiss M3 Money Supply (Aug) 1,196.9B, 1,192.4B previous
Looking Ahead Economic Data (GMT)
• 12:30 US Chicago Fed National Activity (Aug) -0.19 previous
• 12:30 Canada IPPI (MoM) (Aug) 0.2% forecast, 0.7% previous
• 12:30 CanadaIPPI (YoY) (Aug) 2.6 % previous
• 12:30 Canada RMPI (MoM) (Aug) 1.2% forecast, 0.3% previous
• 12:30 Canada RMPI (YoY) (Aug) 0.8% previous
• 13:00 French 12-Month BTF Auction 2.046% previous
• 13:00 French 3-Months BTF Auction 2.007% previous
• 13:00 French 6-Months BTF Auction 2.027% previous
•14:00 EU Consumer Confidence (Sep) -15.0 forecast, -15.5 previous
• Looking Ahead Events and Other Releases(GMT)
•13:45 UK BoE MPC Member Pill Speaks
•13:45 US FOMC Member Williams Speaks
•13:45 EU ECB's Lane Speaks
•16:00 German Buba President Nagel Speaks
•17:15 Canada BoC Senior Deputy Governor Rogers Speaks
•17:30 German Buba Balz Speaks
•18:00 UK BoE Gov Bailey Speaks
•19:45 Canada BoC Deputy Gov Kozicki Speaks
Currency Forecast
EUR/USD : The euro rose against 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. 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: Sterling edged higher against the U.S. dollar on Monday as investors paused following Friday’s selloff triggered by fiscal concerns. Britain’s borrowing has exceeded official forecasts underpinning the government’s tax and spending plans, adding to the challenges facing Finance Minister Rachel Reeves ahead of her November budget. Meanwhile, investors are also looking ahead to the UK PMI data scheduled for release on Tuesday, which could provide further insight into the health of the British economy. The pound rose 0.2% to $1.3496, after touching $1.3453, its lowest level since September 5.. 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 edged lower 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 down 0.03% to 147.87 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
European shares were subdued on Monday, as losses in automakers offset gains in technology and mining stocks, while investors stayed cautious ahead of comments from several Federal Reserve officials later in the day
At GMT (12:15) UK's benchmark FTSE 100 was last trading up at 0.14 percent, Germany's Dax down at 0.52 percent, France’s CAC was down by 0.15 percent.
Commodities Recap
Gold prices surged to a record high on Monday as investors flocked to the safe-haven metal in the wake of last week’s U.S. interest rate cut, with the Federal Reserve’s signal of potential further easing adding to bullish momentum.
Spot gold rose 0.7% at $3,709.29 per ounce, as of 0637 GMT, after hitting a record high of $3,711.55.
Oil prices were little changed on Monday, as geopolitical concerns in Russia and the Middle East were balanced by worries over persistent oversupply in global markets.
Brent crude oil futures , which have traded between around $65.50 and $69 a barrel since early August, dipped 12 cents, or 0.2%, to $66.56 a barrel by 1000 GMT while the U.S. West Texas Intermediate crude contract for October was at $62.65 a barrel, down 3 cents, or 0.1%.