Posted at 09 December 2025 / Categories Market Roundups
Market Roundup
• Australia Building Approvals (YoY) (Oct) -1.80% , -1.80%forecast,-1.20% previous
• Australia Building Approvals (MoM) (Oct) -6.4%,-6.4% forecast,12.0% previous
• Australia NAB Business Confidence (Nov) 1,6 previous
• Australia NAB Business Survey (Nov) 7,10 previous
• Australia Private House Approvals (Oct) -2.1% -2.1% forecast,4.0% previous
Looking Ahead Economic Data (GMT
•07:00 German Exports (MoM) (Oct) -0.2% forecast,1.4% previous
•07:00 German Imports (MoM) (Oct) 0.2% forecast,3.1% previous
•07:00 German Trade Balance (Oct) 15.9B forecast,15.3B previous
Looking Ahead Events And Other Releases (GMT)
• Australia RBA Interest Rate Decision (Dec) 3.60%,3.60% forecast,3.60% previous
Currency Summaries
EUR/USD : The euro steadied against dollar on Tuesday as markets brace for 'hawkish' Fed tone.Analysts widely expect a "hawkish cut" this week accompanied by guidance and forecasts that signal a high threshold for further easing into next year.Last week, data showed the U.S. Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge, landed in line with expectations, while consumer sentiment improved in December.Private payrolls for November recorded their sharpest drop in more than 2-1/2 years, but jobless claims fell to a three-year low for the week ended November 28.Markets now assign an 89% probability of a quarter-point cut at the Fed's December 9–10 meeting, according to CME's FedWatch Tool. 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: Sterling gained modestly on Tuesday as caution prevailed ahead of an expected rate cut by the U.S. Federal Reserve. Markets are getting anxious about the U.S. monetary policy outlook ahead of an expected rate cut from the Federal Reserve this week, with a divided central bank and the prospect of a dovish successor to Fed Chair Jerome Powell keeping investors on edge.Traders are all but certain that a 25 basis point rate cut is on its way on Wednesday. But let's be honest, the focus is on what Powell will say and how many rate cuts the dot plot will lay out for 2026.Markets are predicting 77 basis points of easing through the end of 2026, meaning two more cuts after December remain in the price.White House economic adviser Kevin Hassett, a top candidate to succeed Powell, said in an interview that the Fed should continue to lower interest rates, adding yet another layer of complexity to what is likely to be a complex Fed decision day.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).
AUD/USD: The Australian dollar firmed against its U.S. counterpart on Tuesday after RBA held interest rates steady as expected and cautioned that inflation risks had tilted higher, but stopped well short of flagging hikes.The Reserve Bank of Australia concluded its final policy meeting of the year by holding the cash rate steady at 3.6%, extending the pause in easing since the July rate cut. Policymakers flagged inflation risks and stronger-than-expected domestic demand, while cautioning that more time is needed to assess the durability of inflation pressures.The RBA has delivered three rate cuts this year, but inflation has begun to re-accelerate, rising for a fourth consecutive month to 3.8% in October. Futures imply just a 12% chance of a hike at the RBA's next meeting on February 3, rising to around 50% by May. A quarter-point move to 3.85% is fully priced for August. Immediate resistance can be seen at 0.6652(38.2%fib), an upside break can trigger rise towards 0.6706(23.6%fib).On the downside, immediate support is seen at 0.6606(50%fib), a break below could take the pair towards 0.6559(61.8%fib)
USD/JPY: The dollar traded flat against the yen on Tuesday as investors prepared for this week's Federal Reserve meeting, with investors widely expecting an interest rate cut .Investors also assessed the potential impact of a powerful magnitude 7.6 earthquake that shook Japan's northeast region. It prompted orders for about 90,000 residents to evacuate and tsunami warnings that hours later were downgraded to advisories.Key this week will be the Fed's announcement on Wednesday. While a rate cut is expected, some strategists think the Fed's policy committee could be sharply divided.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. 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
Asian stocks slipped on Tuesday as traders staked their bets on an imminent rate cut from the Federal Reserve.
Japan’s, Nikkei 225 was down 0.19%, South Korea’s KOSPI was down 0.20%,Hang Seng was down 1.32 %
Commodities Recap
Gold held steady on Tuesday with a Fed rate cut mostly priced in, as investors looked ahead to possible signals of a gentler-than-anticipated easing cycle at the start of the central bank’s two-day meeting.
Spot gold held steady at $4,189.17 per ounce, as of 0444 GMT. U.S. gold futures for December delivery was flat at $4,218.50 per ounce.
Oil prices drifted lower on Tuesday, extending losses after a 2% slide in the previous session, as investors monitored Ukraine peace talks and an upcoming U.S. interest rate decision..
Brent crude futures were down 8 cents, or 0.1%, to $62.41 a barrel at 0409 GMT. U.S. West Texas Intermediate crude was at $58.75, down 13 cents, or 0.2%.