Posted at 27 September 2025 / Categories Market Roundups
Market Roundup
• US Core PCE Price Index (YoY) (Aug) 2.9%, 2.9% forecast, 2.9% previous
• US PCE Price Index (MoM) (Aug) 0.3%, 0.3% forecast, 0.2% previous
• US PCE Price Index (YoY) (Aug) 2.7%, 2.7% forecast, 2.6% previous
• US Personal Income (MoM) (Aug) 0.4%, 0.3% forecast, 0.4% previous
• US Personal Spending (MoM) (Aug) 0.6%, 0.5% forecast, 0.5% previous
• US Real Personal Consumption (MoM) (Aug) 0.4%, 0.4% previous
• Canada GDP (MoM) (Jul) 0.2%, 0.1% forecast, -0.1% previous
• Canada Wholesale Sales (MoM) (Aug) -1.3%, 1.2% previous
• Canada GDP (MoM) (Aug) 0.0%, 0.2% previous
• US Michigan 1-Year Inflation Expectations (Sep) 4.7%, 4.8% forecast, 4.8% previous
• US Michigan 5-Year Inflation Expectations (Sep) 3.7%, 3.9% forecast, 3.5% previous
• US Michigan Consumer Expectations (Sep) 51.7, 51.8 forecast, 55.9 previous
• US Michigan Consumer Sentiment (Sep) 55.1, 55.4 forecast, 58.2 previous
• Canada Budget Balance (Jul) -1.51B, 3.63B previous
• Canada Budget Balance (YoY) (Jul) -7.79B, -3.34B previous
• US Atlanta Fed GDPNow (Q3) 3.9%, 3.3% forecast, 3.3% previous
• US U.S. Baker Hughes Oil Rig Count 424, 418 previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events and Other Releases(GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro inched higher against the U.S. dollar on Friday as the dollar slipped amid position-squaring following data showing personal consumption expenditures largely met expectations, easing concerns over tariff pass-through. The report also indicated that consumer spending in August rose slightly more than anticipated.Meanwhile, the University of Michigan’s consumer sentiment survey showed sentiment declined in September, with inflation expectations remaining elevated. Investors now estimate an 89.8%probability of a rate cut in October and a 67%chance of another in December, the CME FedWatch Tool shows .The euro was up 0.31% to $1.1701. It was on course to finish the week lower, snapping three straight weeks of gains. Immediate resistance can be seen at 1.1737(SMA 20), an upside break can trigger rise towards 1.1769(38.2%fib).On the downside, immediate support is seen at 1.1657(50%fib), a break below could take the pair towards 1.1589(Lower BB)
GBP/USD: The pound rebounded from two week low on Friday as investors booked profits in a week dominated by key economic data and growing concerns over Britain’s long-term fiscal outlook . Bank of England interest rate-setter Swati Dhingra said Britain's high inflation rate is likely to ease off and the central bank should move more quickly to cut borrowing costs. Her latest comments contrasted with those of fellow MPC member Megan Greene who on Wednesday warned that risks had grown that inflation in Britain will prove stronger than the BoE has forecast, meriting a cautious approach to further rate cuts.British Finance Minister Rachel Reeves will present her budget in November, with expectations of further tax increases as she seeks to uphold fiscal rules and maintain investor confidence in government bonds.Immediate resistance can be seen at 1.3478(38.2%fib), an upside break can trigger rise towards 1.3505(SMA 20).On the downside, immediate support is seen at 1.3328(61.8%fib), a break below could take the pair towards 1.3298(Lower BB).
USD/CAD: The Canadian dollar held steady against the U.S. dollar on Friday after domestic data showed the economy expanding faster than expected in July, though the currency still ended the week sharply lower. Canada’s monthly GDP rose 0.2% in July, reversing three months of contraction and surpassing forecasts of a 0.1% gain, supported by strong performances in mining, manufacturing, and wholesale trade.Looking ahead, an advance estimate for August suggested little change in economic activity. Meanwhile, oil prices, a key Canadian export, climbed 0.9% to $65.53 a barrel following Ukraine’s drone attacks on Russian energy infrastructure, which disrupted the country’s fuel exports.The loonie was trading nearly unchanged at 1.3938 per U.S. dollar, after earlier touching its weakest level since May 20 at 1.3958. Immediate resistance can be seen at 1.3951(23.6%fib), an upside break can trigger rise towards 1.3982(Higher BB).On the downside, immediate support is seen at 1.3884(38.2%fib), a break below could take the pair towards 1.3825(50%fib)
USD/JPY: The U.S. dollar eased slightly against the yen on Friday after U.S. inflation data came in line with expectations, potentially complicating the Federal Reserve’s plans for further interest rate cuts. August’s personal consumption expenditures index, released by the Commerce Department, showed inflation in line with expectations, while personal income and consumer spending both surprised to the upside. Prices rose 0.3% for the month and 2.7% year-over-year, matching consensus forecasts. The PCE index remains the Fed’s preferred gauge of inflation.Investors have been balancing signs of a stronger economy against expectations for additional Fed rate cuts. Last week, the U.S. central bank reduced rates for the first time since December and signaled that more cuts could follow.Immediate resistance can be seen at 145.00(Psychological level) an upside break can trigger rise towards 150.83(236%fib) .On the downside, immediate support is seen at 148.93(38.2%fib) a break below could take the pair towards 147.88(SMA20).
Equities Recap
European stocks recovered from three-week lows on Friday, driven by gains in financials and industrials, keeping the benchmark index roughly flat for the week.
UK's benchmark FTSE 100 closed up by 0.77 percent, Germany's Dax ended up by 0.87 percent, France’s CAC finished the day up by 0.97percent.
Wall Street gained Friday but remained lower for the week, as strong consumer spending lifted long-term Treasury yields and gold rose on steady inflation supporting Fed rate cut expectations.
Dow Jones closed up by 0.65% percent, S&P 500 closed up by 0.59 % percent, Nasdaq settled up by 0.44% percent.
Commodities Recap
Gold rose on Friday after U.S. inflation data met expectations, strengthening bets that the Federal Reserve could continue with interest rate cuts later this year.
Spot gold rose 0.8% to $3,778.62 per ounce as of 01:30 p.m. EDT (1730 GMT), after hitting a record $3,790.82 earlier in the week. The metal has risen about 2.5% this week.U.S. gold futures for December delivery settled 1% higher at $3,809
Oil prices climbed on Friday as Ukraine’s drone attacks on Russian energy infrastructure disrupted the country’s fuel exports.
Brent futures settled at $70.13 a barrel, up 71 cents, or 1.02%. U.S. West Texas Intermediate (WTI) crude finished at $65.72 a barrel, gaining 74 cents, or 1.14%.