Posted at 01 October 2025 / Categories Market Roundups
Market Roundup
• UK Nationwide HPI (MoM) (Sep): 0.5%, 0.2% forecast, -0.1% previous
• UK Nationwide HPI (YoY) (Sep): 2.2%, 1.8% forecast, 2.1% previous
• Swiss Retail Sales (YoY) (Aug): -0.2%, 0.5% forecast, 0.9% previous
•HCOB Italy Manufacturing PMI (Sep): 49.0, 49.9 forecast, 50.4 previous
•HCOB France Manufacturing PMI (Sep): 48.2, 48.1 forecast, 50.4 previous
•HCOB Germany Manufacturing PMI (Sep): 49.5, 48.5 forecast, 49.8 previous
•UK S&P Global Manufacturing PMI (Sep): 46.2, 46.2 forecast, 46.2 previous
•EU Core CPI (MoM) (Sep): 0.1% , 0.3% previous
•EU Core CPI (YoY) (Sep): 2.3%, 2.3% forecast, 2.3% previous
•EU CPI (MoM) (Sep): 0.1% , 0.1% previous
•EU CPI (YoY) (Sep): 2.2%, 2.2% forecast, 2.0% previous
•EU CPI, n.s.a (Sep): 129.42 , 129.31 previous
•EU HICP ex Energy & Food (YoY) (Sep): 2.4%, 2.3% previous
•EU HICP ex Energy & Food (MoM) (Sep): 0.1%, 0.3% previous
Looking Ahead Economic Data (GMT)
•13:30 Canada S&P Global Manufacturing PMI (Sep): 48.3 previous
•13:45 US S&P Global Manufacturing PMI (Sep): 52.0 forecast, 53.0 previous
•14:00 US Construction Spending (MoM) (Aug): -0.1% forecast, -0.1% previous
•14:00 US ISM Manufacturing Employment (Sep): 43.8 previous
•14:00 US ISM Manufacturing New Orders Index (Sep): , 51.4 previous
•14:00 US ISM Manufacturing PMI (Sep): 49.0 forecast, 48.7 previous
•14:00 US ISM Manufacturing Prices (Sep): 62.7 forecast, 63.7 previous
•14:30 US Crude Oil Inventories: 1.500M forecast, -0.607M previous
•17:00 US Atlanta Fed GDPNow (Q3) 3.9% forecast,3.9% previous
Looking Ahead Events and Other Releases(GMT)
•16:15 US FOMC Members Barkin Speaks
•17:30 Canada BOC Summaries of Deliberations
Currency Summaries
EUR/USD : The euro strengthened on Wednesday as traders digested Eurozone economic data while, as concerns lingered over a potential delay in the release of the U.S. monthly jobs data. The U.S. government shut down much of its operations on Wednesday, something which could likely halt the release of the September employment report due on Friday. Without the data, it could impair the Federal Reserve's ability to gauge the economy's health before its monetary policy meeting later in the month. Data showed euro zone manufacturing activity slipped back into contraction in September. A similar decline was reported from France, opens new tab and Germany. Separately, euro zone inflation accelerated last month on higher services prices and a smaller decline in energy costs, likely reinforcing bets on the ECB keeping interest rates on hold for some time. Immediate resistance can be seen at 1.1775(38.2%fib), an upside break can trigger rise towards 1.1850(Higher BB).On the downside, immediate support is seen at 1.1746(SMA 20), a break below could take the pair towards 1.1668(50%fib ).
GBP/USD: The pound rose to a one-week high on Wednesday as the U.S. government shutdown weighed on the dollar. The shutdown began after the Senate rejected a short-term funding bill that would have extended operations until Nov. 21, raising the risk of delays to key economic data and complicating the Federal Reserve’s monetary policy decisions.Meanwhile, UK manufacturing activity contracted at its fastest pace in five months. The S&P Global UK Manufacturing PMI fell to 46.2 in September from 47.0 in August, in line with preliminary estimates and economists’ expectations, highlighting continued weakness in the sector. Immediate resistance can be seen at 1.3502(50%fib), an upside break can trigger rise towards 1.3536(Sep 24th high).On the downside, immediate support is seen at 1.3392(50%fib), a break below could take the pair towards 1.3352(Lower BB).
AUD/USD: The Australian dollar held steady on Wednesday as a weaker U.S. dollar offset softer-than-expected domestic manufacturing data. The greenback came under broad pressure after the U.S. government in Washington, D.C., shut down over funding, heightening investor caution around U.S. assets.The S&P Global Australia Manufacturing PMI fell to 51.4 in September from 53 in August, signaling slower but continued expansion in the sector. Meanwhile, the Reserve Bank of Australia kept its cash rate at 3.60% on Tuesday, noting that inflation could exceed Q3 forecasts amid economic uncertainty.Concluding its two-day policy meeting, the RBA said it would maintain a cautious stance while remaining prepared to respond to global developments. Immediate resistance can be seen at 0.6682(23.6%fib), an upside break can trigger rise towards 0.6692(Higher BB).On the downside, immediate support is seen at 0.6603(SMA20), a break below could take the pair towards 0.6533(50%fib).
USD/JPY: The U.S. dollar weakened against the yen on Wednesday as investors turned to safe-haven assets following the U.S. government shutdown and disappointing labor data, heightening expectations of Federal Reserve rate cuts. The shutdown, caused by a partisan deadlock over federal funding, threatens thousands of government jobs and may delay the release of key economic reports, including Friday’s nonfarm payrolls.Tuesday’s JOLTS report showed modest growth in job openings but a slowdown in hiring, prompting traders to price in a 25-basis-point rate cut this month and another in December. Futures now indicate a 96% probability of an October Fed rate reduction, up from 90% the previous day, with roughly a 74% chance of an additional cut in December. Immediate resistance can be seen at 147.83(SMA 20) an upside break can trigger rise towards 148.38(38.2%fib) .On the downside, immediate support is seen at 146.62(Daily low) a break below could take the pair towards 146.22 (Lower BB).
Equities Recap
European shares rose on Wednesday, led by healthcare stocks after a U.S.-Pfizer deal eased sector uncertainty, even as concerns persisted over a possible delay in the release of U.S. monthly jobs data.
At (GMT 12:20),UK's benchmark FTSE 100 was last trading up at 0.63 percent, Germany's Dax was up by 0.35 percent, France’s CAC was last up by 0.37 percent.
Commodities Recap
Gold prices surged to a record high on Wednesday, boosted by safe-haven demand amid the U.S. government shutdown and rising expectations of a U.S. interest rate cut.
Spot gold gained 0.8% to $3,886.97 an ounce by 1055 GMT after touching a record peak of $3,898.18.U.S. gold futures for December delivery jumped by 1.1% to $3,914.50.
Oil prices stabilized on Wednesday after two days of declines, as investors weighed OPEC+ plans for higher output next month alongside signs of weakening demand from the U.S. and Asia.
Brent crude futures for December delivery were down 33 cents or 0.5% to $65.70 a barrel by 1146 GMT. U.S. West Texas Intermediate crude fell 31 cents, also down 0.5%, to $62.06 a barrel.