Posted at 09 December 2025 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction 2.148% ,2.101% previous
•French 3-Month BTF Auction 2.088%, 2.069% previous
•French 6-Month BTF Auction 2.103% ,2.091% previous
•US Consumer Inflation Expectations (Nov) 3.2%, 3.2% previous
•US 3-Month Bill Auction 3.650%, 3.725% previous
•US 6-Month Bill Auction 3.580% ,3.635% previous
Looking Ahead Economic Data (GMT)
•00:30 Australia Building Approvals (YoY) (Oct) -1.80% forecast, -1.20%previous
•00:30 Australia Building Approvals (MoM) (Oct) -6.4% forecast 12.0% previous
•00:30 Australia NAB Business Confidence (Nov) 6 previous
•00:30 Australia NAB Business Survey (Nov) 9 previous
•00:30 Australia Private House Approvals (Oct) -2.1% forecast, 4.0% previous
•03:35 Japan 5-Years JGB Auction 1.245% previous
•06:00 Japan Machine Tool Orders (YoY) (Nov) 16.8% previous
Looking Ahead Events And Other Releases (GMT)
•03:30 Australia RBA Interest Rate Decision (Dec)
•04:30 Australia RBA Rate Statement
Currency Summaries
EUR/USD : The euro traded in narrow range against dollar on Monday as investors prepared for this week's Federal Reserve meeting, with investors widely expecting an interest rate cut. Some investors speculated that the meeting could be one of the most fractious in recent memory. The Federal Open Market Committee has not had three or more dissents at a meeting since 2019, and it has happened just nine times since 1990.Investors braced for signals of a milder easing cycle than expected. Expectations that the Fed will cut its policy rate by 25 basis points stand at 87.4%, according to CME Group's FedWatch Tool. Markets had been pricing in less than a 30% chance of a cut until comments from Fed officials in recent weeks spurred a reversal in expectations. Immediate resistance can be seen at 1.1674(Daily high), an upside break can trigger rise towards 1.1692(Higher BB).On the downside, immediate support is seen at 1.1595(SMA20), a break below could take the pair towards 1.1570(38.2%fib).
GBP/USD: The pound traded flat on Monday as investors braced for an event-packed week that could include a U.S. interest rate cut. The Federal Open Market Committee, which sets monetary policy, is expected to announce on Wednesday that it will lower the benchmark overnight rate by 25 basis points to a range of 3.50%–3.75%, with the central bank easing for a third straight meeting.The central banks of Australia, Brazil, Canada and Switzerland also hold rate-setting meetings, although none of these are expected to change monetary policy.Attention also turned to U.K. economic growth data for October, due on Friday. A Reuters poll of economists forecasts year-on-year growth of 1.4% and a 0.1% month-on-month increase, following a September reading that was distorted by a cyberattack at Jaguar Land Rover, which disrupted production and weighed on national output. .Immediate resistance can be seen at 1.3364(Higher BB), an upside break can trigger rise towards 1.3427(61.8%fib).On the downside, immediate support is seen at 1.3295(50%fib), a break below could take the pair towards 1.3182(SMA 20).
USD/CAD: The Canadian dollar edged lower against the U.S. dollar on Monday as investors awaited monetary policy decisions in the U.S. and Canada this week.The BoC is likely to keep rate steady at 2.25% this week, according to all 33 economists in the December 2-5 Reuters poll, in line with market pricing. After delivering 275 basis points of rate cuts, one of the most aggressive among G10 economies, the central bank signaled a halt in rate cuts in October, citing stable inflation.The U.S. Federal Reserve is widely expected to cut interest rates at the Tuesday-Wednesday meeting, with markets pricing in an 86% chance of a quarter-point cut. Analysts expect the Fed to make a "hawkish cut", where the language of the statement, median forecasts and Chair Jerome Powell's press conference point to a higher bar for further rate reduction. Immediate resistance can be seen at 1.3903 (38.2%fib), an upside break can trigger rise towards 1.4000 (Psychological level).On the downside, immediate support is seen at 1.3810(38.2%fib), a break below could take the pair towards 1.3795 (Lower BB).
USD/JPY: The dollar strengthened on Monday as yen weakened after news of the earthquake in Japan.A powerful magnitude 7.6 earthquake shook Japan's northeast region, prompting tsunami warnings and orders for residents to evacuate. Depending on the extent of the earthquake's damage, the Bank of Japan could delay an expected rate hike next week. The next BOJ monetary policy meeting is scheduled for December 18-19, 2025, with the policy decision and statement expected on the second day. Japan's economy contracted faster than initially estimated in the three months through September, the Cabinet Office said on Monday, primarily due to new data dragging down capital spending figures, though economists said the change is not enough to sway the central bank. Immediate resistance can be seen at 156.17(Dec 1st high) an upside break can trigger rise towards 157.40 (23.6%fib) .On the downside, immediate support is seen at 155.34 (38.2%fib) a break below could take the pair towards 153.35 (50%fib).
Equities Recap
European shares ended subdued on Monday, with higher bond yields weighing slightly on the main index, as the week began on a cautious note with investors looking ahead to the U.S. Federal Reserve's monetary policy meeting.
UK's benchmark FTSE 100 closed down by 0.23 percent, Germany's Dax ended up by 0.07 percent, France’s CAC finished the day down by 0.08 percent.
Wall Street’s major indexes closed lower on Monday, with the majority of S&P 500 sectors in negative territory, while Treasury yields rose as investors awaited the Federal Reserve’s monetary policy update scheduled in two days.
Dow Jones closed down by 0.45 % percent, S&P 500 closed down by 0.35 % percent, Nasdaq settled down by 0.14% percent.
Commodities Recap
Gold prices slipped slightly on Monday as investors remained cautious ahead of the U.S. Federal Reserve’s two-day policy meeting, with markets closely watching Chair Jerome Powell’s remarks for signals on future monetary policy.
Spot gold was down 0.2% at $4,189.49 per ounce by 01:50 p.m. ET (1850 GMT). U.S. gold futures for February delivery settled 0.6% lower at $4,217.7 per ounce.
Oil prices fell 2% on Monday after Iraq resumed production at one of its oilfields, representing about 0.5% of global supply, as investors also weighed ongoing negotiations aimed at ending the war in Ukraine.
Brent crude futures were down $1.26, or 1.98%, at $62.49 a barrel, while U.S. West Texas Intermediate crude was at $58.88, down $1.20, or 2%.