Posted at 02 October 2025 / Categories Market Roundups
Market Roundup
•Canada S&P Global Manufacturing PMI (Sep) 47.7, 48.3 previous
•US S&P Global Manufacturing PMI (Sep) 52.0, 52.0 forecast,53.0 previous
•US ISM Manufacturing Employment (Sep) 45.3 ,44.3 forecast,5343.8 previous
•US ISM Manufacturing New Orders Index (Sep) 48.9,50.0 forecast,51.4 previous
•US ISM Manufacturing PMI (Sep) 49.1,49.0 forecast,48.7 previous
•US ISM Manufacturing Prices (Sep) 61.9,62.7 forecast,63.7 previous
•US Crude Oil Inventories 1.792M,1.500M forecast,,-0.607M previous
Looking Ahead Economic Data (GMT)
•01:30 Australia Exports (MoM) (Aug) 3.3% previous
•01:30 Australia Imports (MoM) (Aug) -1.3% previous
•01:30 Australia Trade Balance (Aug) 6.130B forecast,7.310B previous
Looking Ahead Events and Other Releases(GMT)
• No events Ahead
Currency Summaries
EUR/USD : The euro initially rose on Wednesday but retreated as traders digested mixed Eurozone economic data and weighed concerns over a potential delay in U.S. jobs data. The U.S. government partially shut down, which could postpone Friday’s September employment report, complicating the Federal Reserve’s assessment of the economy ahead of its upcoming policy meeting. Eurozone manufacturing slipped back into contraction in September, with declines seen in France and Germany. Meanwhile, inflation accelerated in the bloc last month due to higher services prices and a smaller drop in energy costs, supporting expectations that the ECB may keep rates on hold. 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 retreated from from one- week high on Wednesday as investors navigated the uncertainties stemming from the U.S. government shutdown. 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).
USD/CAD: The Canadian dollar slipped against the U.S. dollar on Wednesday, approaching a four-month low as data showed a deeper contraction in the country’s manufacturing sector. The S&P Global Canada Manufacturing PMI fell to 47.7 in September from 48.3 in August, reflecting weaker production and new orders amid an uncertain trading environment. The Bank of Canada will release its baseline economic and inflation projections on October 29. Investors see a 55% probability of a rate cut at that meeting, following last month’s 25-basis-point reduction to 2.50%, the central bank’s first since March. The loonie was trading 0.2% lower at 1.3945 per U.S. dollar , after moving in a range of 1.3907 to 1.3957. Immediate resistance can be seen at 1.3956(Daily high), an upside break can trigger rise towards 1.4000(Psychological level).On the downside, immediate support is seen at 1.3911(38.2 %fib), a break below could take the pair towards 1.3857(SMA 20).
USD/JPY: The U.S. dollar dipped against the yen on Wednesday as the U.S. government shut down much of its operations, delaying the release of crucial jobs data which could muddy the interest rate outlook.U.S. private payrolls data that showed employment fell by 32,000 last month, bucking expectations for a 50,000 gain, fueled concerns that the U.S. labor market might be weakening. While weak employment data would typically add to bets on interest rate cuts that could support equity markets, the outlook became less clear with this week's government shutdown. The U.S. Labor Department's more comprehensive and closely followed September employment report will not be published on Friday due to the shutdown. That would complicate the Federal Reserve's ability to assess U.S. economic health as it weighs potential rate cuts. 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
Europe’s STOXX 600 closed at a record high on Wednesday, driven by healthcare gains after a U.S.-Pfizer deal eased sector uncertainty, amid investor focus on the U.S. government shutdown.
UK's benchmark FTSE 100 closed up by 1.03 percent, Germany's Dax ended up by 1.13 percent, France’s CAC finished the day up by 0.90 percent.
Wall Street’s major indexes ended higher on Wednesday, driven by healthcare gains, as investors shrugged off weak private payrolls data and uncertainty from the start of the U.S. government shutdown.
Dow Jones closed up by 0.09% percent, S&P 500 closed up by 0.34% percent, Nasdaq settled up by 0.42% percent.
Commodities Recap
Gold prices soared to a record on Wednesday, driven by a weaker dollar and safe-haven demand following the U.S. government shutdown, while soft jobs data strengthened expectations of a Federal Reserve rate cut this month.
Spot gold was up 0.1% at $3,861.77 an ounce at 01:48 p.m. ET (1748 GMT) after touching a record peak of $3,895.09.U.S. gold futures for December delivery settled 0.6% higher at $3,897.5.
Oil prices dropped for a third consecutive day on Wednesday, hitting a 16-week low as the U.S. government shutdown raised global economic concerns and traders anticipated increased supply from a planned OPEC+ output boost next month.
Brent crude futures fell 68 cents, or 1.0%, to settle at $65.35 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 59 cents, or 0.9%, to settle at $61.78.