Posted at 30 September 2025 / Categories Market Roundups
Market Roundup
• Japan Industrial Production (MoM) (Aug) -1.2%,-0.7%forecast,-1.2% previous
• Japan Industrial Production forecast 1m ahead (MoM) (Sep)4.1%,2.8% previous
• Japan Industrial Production forecast 2m ahead (MoM) (Oct)1.2%, -0.3% previous
• Japan Large Retailers' Sales (MoM) (Aug) -1.1% ,-1.6% previous
• Japan Large Scale Retail Sales YoY (YoY) (Aug) 3.0%,2.0% previous
• Japan Retail Sales (YoY) (Aug) -1.1%,1.0%forecast, 0.4% previous
•Australia Building Approvals (YoY) (Aug) -1.20%, 8.30%forecast, 9.20% previous
•Australia Approvals (MoM) (Aug) -6.0%, 2.6% forecast,-10.0% previous
•Australia Housing Credit (Aug) 0.6%, 0.5% previous
•Australia Private House Approvals (Aug) -2.6%,1.3% previous
•Australia Private Sector Credit (MoM) (Aug) 0.6%, 0.6% forecast, 0.7% previous
•China Composite PMI (Sep) 50.6,50.5 previous
•China Manufacturing PMI (Sep) 49.8, 49.6 forecast,49.4 previous
•China Non-Manufacturing PMI (Sep) 50.0,50.3 forecast,50.3 previous
•China Caixin Manufacturing PMI (MoM) (Sep) 51.2,50.3 forecast,50.5 previous
•China Caixin Services PMI (Sep) 52.9, 52.4 forecast,53.0 previous
Looking Ahead Economic Data(GMT)
•No Events Ahead
Currency Summaries
EUR/USD : The euro firmed against the U.S. dollar on Monday as dollar dipped on concerns over a potential U.S. government shutdown that threatened to delay key economic data. Market participants have scaled back their bets on Fed rate cuts, more so after Chair Jerome Powell signalled a cautious approach to easing earlier in the month. Traders are currently pricing in 42 basis points of Fed easing by December and a total of 104 basis points by the end of 2026, about 25 bps less than levels seen in mid-September. Immediate resistance can be seen at 1.1734(SMA 20), an upside break can trigger rise towards 1.1769(38.2%fib).On the downside, immediate support is seen at 1.1665(50%fib), a break below could take the pair towards 1.1590(61.8%fib)
GBP/USD: The pound firmed on Monday as fears of a potential U.S. government shutdown weighed on dollar. U.S. President Donald Trump and his Democratic opponents appeared to make little progress at a White House meeting aimed at heading off a government shutdown that could disrupt a wide range of services as soon as Wednesday.On the data front, Britain’s economy grew 0.3% in the April-to-June period of this year, the Office for National Statistics said on Tuesday, in line with the ONS' initial 0.3% estimate. Economists polled had forecast the reading for gross domestic product would be unrevised. Immediate resistance can be seen at 1.3478(50%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 1.3311(Lower BB).
AUD/USD: Australian dollar strengthened against dollar on Monday after Reserve Bank of Australian left its cash rate steady as expected. Australia’s central bank kept its cash rate unchanged at 3.60% and noting that recent data pointed to inflation potentially running higher than forecast in the third quarter while the economic outlook remains uncertain. Concluding its two-day policy meeting, the Reserve Bank of Australia said the board deemed it appropriate to stay cautious on policy while remaining well positioned to respond to global developments. After a quarter-point cut in August, markets saw little chance of additional easing this week, while an elevated monthly consumer price reading reinforced the case for waiting until the full third-quarter inflation report in late October. Immediate resistance can be seen at 0.6580(38.2%fib), an upside break can trigger rise towards 0.6602(Higher BB).On the downside, immediate support is seen at 0.6521(Sep 26th low), a break below could take the pair towards 0.6500(Psychological level).
USD/JPY: The U.S. dollar slipped against the yen on Monday as mounting concerns over a potential U.S. government shutdown weighed on dollar. A government shutdown would delay the release of key employment data this week, focusing attention on the Labor Department’s JOLTS report on August job openings scheduled for later Tuesday. BOJ board members debated a near-term rate hike, with some signaling that action could be approaching, according to the September policy meeting summary released Tuesday. The summary showed that several board members urged caution over rising inflation, signaling a hawkish tilt that increases the likelihood of a rate hike in October. At its September 18-19 meeting, the BOJ maintained interest rates at 0.5%, though two of the nine board members dissented, advocating unsuccessfully for a rise to 0.75.Immediate resistance can be seen at 147.38(38.2%fib) an upside break can trigger rise towards 149.92(Higher BB) .On the downside, immediate support is seen at 148.28(50%fib) a break below could take the pair towards 147.97(SMA20).
Equities Recap
Asian shares inched lower on Tuesday as markets assessed the risk of a U.S. government shutdown that could postpone key jobs data.
South Korea’s KOSPI was down 0.19% , China A 50 was down 0.31%, Japan’s Nikkei 225 was down 0.24%
Commodities Recap
Oil prices fell on Tuesday as expectations of another OPEC+ production increase, along with Iraq Kurdistan’s resumption of exports via Turkey, heightened concerns of a looming supply surplus.
Brent crude futures for November delivery , expiring on Tuesday, fell 28 cents, or 0.4%, to $67.69 a barrel by 0630 GMT. The more active contract for December was down 33 cents, or 0.5%, at $66.76 per barrel.U.S. West Texas Intermediate crude was trading at $63.16 a barrel, down 29 cents, or 0.5%.
Gold prices climbed to a new high on Tuesday, set to record their best monthly gain in nearly 16 years, as concerns over a potential U.S. government shutdown and rising expectations of additional Federal Reserve rate cuts fueled demand.
Spot gold rose 1% to $3,870.14 per ounce, as of 0634 GMT. Bullion has risen 12.3% so far in September, and is on track for its biggest monthly percentage gain since November 2009. U.S. gold futures for December delivery gained 1.1% to $3,897.80.