Posted at 09 October 2025 / Categories Market Roundups
Market Roundup
• German Exports (MoM) (Aug) -0.5% , 0.3%forecast,-0.6% previous
• German Imports (MoM) (Aug) -1.3% -0.5% forecast,-0.1% previous
• German Trade Balance (Aug) 17.2B,15.1B forecast,14.7B previous
• Greek CPI (YoY) (Sep) 1.9%, 2.9% previous
• Greek HICP (YoY) (Aug) 1.8%, 3.1% previous
Looking Ahead Economic Data(GMT)
•14:00 US Wholesale Trade Sales (MoM) (Aug) 1.4% previous
•14:30US Natural Gas Storage 76B forecast,53B previous
•15:00 US CB Employment Trends Index (Sep) 106.41 previous
•15:00 US Construction Spending (MoM) (Aug) -0.1% forecast,-0.1% previous
•15:30 US 4-Week Bill Auction 4.060% previous
•15:30 US 8-Week Bill Auction 3.960% previous
Looking Ahead Events and Other Releases(GMT)
• 12:30 Fed Chair Powell Speaks
•16:45 Fed Vice Chair for Supervision Barr Speaks
•19:45 FOMC Member Bowman Speaks
Currency Forecast
EUR/USD : The euro slipped against the U.S. dollar on Thursday as political crisis in Paris continued to weigh on the currency. The euro has been struggling following the resignation of France's Prime Minister Sebastien Lecornu and his government earlier this week. But President Emmanuel Macron still surprised markets with plans to appoint a new prime minister this week. President Emmanuel Macron is set to appoint a new prime minister within 48 hours, his office said on Wednesday, noting that most lawmakers oppose a snap parliamentary election amid the nation’s deepest political crisis in decades. The single currency last traded 0.1% lower at $1.1616, after touching its lowest level since the end of August on Wednesday. It is down almost 1% this week so far. Immediate resistance can be seen at 1.16662(Daily high), an upside break can trigger rise towards 1.1733(38.2%fib).On the downside, immediate support is seen at 1.1599(50%fib), a break below could take the pair towards 1.1565(Lower BB)
GBP/USD: The pound fell to a two-week low on Thursday as the U.S. dollar strengthened ahead of Federal Reserve Chair Jerome Powell’s speech at 12:30 GMT. Markets are awaiting his comments for insights on how the ongoing U.S. government shutdown now in its ninth day could impact the economy and interest rate outlook. The Senate on Wednesday again rejected rival funding proposals from Republicans and Democrats, leaving the stalemate unresolved.Meanwhile, Bank of England policymaker Catherine Mann said inflation expectations in the U.K. remain elevated, stressing that interest rates must continue to put pressure on price growth. Last month, Mann voted with the majority of the Monetary Policy Committee to keep the Bank’s benchmark rate unchanged, but in August she was among the minority opposing a cut to 4%.Immediate resistance can be seen at 1.3500(SMA 20), an upside break can trigger rise towards 1.3530(38.2%fib).On the downside, immediate support is seen at 1.3344(50%fib), a break below could take the pair towards 1.3309(Lower BB).
NZD/USD: The New Zealand dollar slipped against the U.S. dollar on Thursday, extending pressure from the Reserve Bank of New Zealand’s dovish stance. On Wednesday, the Kiwi plunged after the RBNZ delivered a larger-than-expected 50 basis point rate cut, bringing the cash rate down to 2.6% and signaling the potential for further easing to support the struggling economy.New Zealand’s 10-year bond yields dropped 12 basis points to 4.145%, their lowest since September last year, and now sit just three basis points above U.S. yields. Markets are currently pricing in an 80% chance of another cut to 2.25% in November, and a 50-50 probability of rates falling to 2.0% next year. Immediate resistance can be seen at 0.5800(38.2%fib), an upside break can trigger rise towards 0.5856(50%fib).On the downside, immediate support is seen at 0.05734 (23.6%fib), a break below could take the pair towards 0.5708(Lower BB).
USD/JPY: The U.S. dollar extended gains on Thursday as the yen weakened further following a leadership change in Japan’s ruling party. The currency came under pressure after hardline conservative Sanae Takaichi was chosen to lead the Liberal Democratic Party, putting her on track to become Japan’s first female prime minister and fueling expectations of increased government spending and looser monetary policy. Meanwhile, minutes from the Federal Reserve’s September meeting showed officials agreed that risks to the U.S. labor market had risen enough to justify a rate cut, though concerns over persistent inflation kept the debate focused on how much tighter policy is weighing on the economy. Immediate resistance can be seen at 153.34(Daily high) an upside break can trigger rise towards 154.00 (Psychological level) .On the downside, immediate support is seen at 152.44 (Daily low) a break below could take the pair towards 152.15 (38.2%fib).
Equities Recap
The rally in European stocks paused on Thursday, with the FTSE 100 dragged down by banking shares, while investors weighed up the risk of a market correction.
At (GMT 12:20),UK's benchmark FTSE 100 was last trading down at 0.25 percent, Germany's Dax was up by 0.46 percent, France’s CAC was last up by 0.48 percent.
Commodities Recap
Gold held above $4,000 an ounce on Thursday as investors weighed the Israel-Hamas ceasefire deal, while lingering geopolitical and economic uncertainties, coupled with expectations of U.S. rate cuts, kept sentiment bullish for the metal.
Spot gold was steady at $4,038.49 per ounce at 1132 GMT. U.S. gold futures for December delivery fell 0.3% to $4,057.80.
Oil prices were steady on Thursday as investors balanced a Gaza ceasefire, which could ease Middle East tensions, against stalled Ukraine peace talks that may prolong sanctions on Russia and limit its exports.
Brent crude futures were down 16 cents to $66.09 a barrel at 1146 GMT. U.S. West Texas Intermediate crude was down 18 cents to $62.37.