Posted at 02 September 2026 / Categories Market Roundups
Market Roundup
• US ADP Nonfarm Employment Change (Aug) 38K, 47K, forecast,46K previous
• US Factory Orders (MoM) (Jul) 0.9%, 0.7% forecast, -0.2% previous
• US Factory Orders Ex Transportation (MoM) (Jul) 0.6%, -0.1% previous
• US Durables Excluding Defense (MoM) (Jul) 1.3%, 1.3% previous
• US Durables Excluding Transport (MoM) (Jul) 0.4%, 0.4% previous
• US All Car Sales (Aug) 2.74M, 2.70M previous
• US All Truck Sales (Aug) 14.03M, 13.62M previous
Looking Ahead Economic Data (GMT)
• 00:30 Japan Manufacturing & Services PMI (Aug) 53.40, 52.70 previous
• 01:30 Australia Trade Balance (Jul) 1.500B forecast, 1.929B previous
• 01:30 Australia Exports (MoM) (Jul) 9.6% previous
• 01:30 Australia Imports (MoM) (Jul) -0.2% previous
• 01:45 China Caixin Services PMI (Aug) 50.6 forecast, 50.4 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower on Wednesday as investors digested , U.S. private payroll data and h awaited U.S. payrolls data due later this week for cues on the Federal Reserve's policy path. U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by ?job losses in manufacturing and a few other industries.Private employment rose by 38,000 jobs last month after an upwardly revised 46,000 in July, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment would advance by 48,000 after a previously reported rise of 44,000 in July. Traders are now pricing in a 64% chance of an interest rate hike at the central bank's policy meeting this month, the CME FedWatch Tool showed. Immediate resistance can be seen at 1.1597(SMA 20), an upside break can trigger rise towards 1.1625(38.2%fib).On the downside, immediate support is seen at 1.1565(50%fib), a break below could take the pair towards 1.1502(61.8%fib).
GBP/USD: Sterling hit a three-week low against a strengthening dollar on Wednesday as investors kept a close watch on the conflict in the Middle East and ?renewed selling pressure in the gilt market.The U.S. and Iran were back on a war footing on Wednesday after the most significant exchange of fire in weeks.UK government bond yields hit fresh 18-year highs, adding to the challenge facing finance minister John ?Healey ahead of his first budget. The greenback hit ?a two-week high as investors turned to the U.S. currency amid growing concerns ?about the energy shock and weighed diverging monetary policy paths across major economies. The British pound was down 0.05% to $1.3510 ?after reaching $1.3490, the lowest level since August 14.Immediate resistance can be seen at 1.3552(SMA 20), an upside break can trigger rise towards 1.3565(38.2%fib).On the downside, immediate support is seen at 1.3482(50%fib), a break below could take the pair towards1.3435(Lower BB).
USD/CAD: The Canadian dollar strengthened against the U.S. dollar on Wednesday after the Bank of Canada kept its key policy rate unchanged as expectations.The Bank of Canada kept its key policy rate unchanged at 2.25% on Wednesday, as widely expected, while Governor Tiff Macklem said policymakers were prepared to raise interest rates multiple times if inflation remained elevated.Macklem said the conflict had heightened inflation risks, with rising oil prices adding pressure and uncertainty over when energy costs might ease.Following Macklem's remarks, money markets priced in a 25-basis-point rate hike by December and around three additional quarter-point increases next year.The price of oil, one of Canada's major exports, held near one-month highs as traders weighed the risk of supply disruptions after overnight strikes by the U.S. and Iran. Immediate resistance can be seen at 1.3877(SMA 20), an upside break can trigger rise towards 1.3946(SMA 20).On the downside, immediate support is seen at 1.3834(38.2%fib), a break below could take the pair towards 1.3751(Lower BB).
USD/JPY: The U.S. dollar dipped against the yen on Wednesday as renewed speculation over coordinated intervention by the United States and Japan supported the Japanese Yen.U.S. Treasury Secretary Scott Bessent voiced strong support for “decisive” monetary measures to address yen weakness during a meeting with BOJ Governor Kazuo Ueda, the U.S. Treasury Department said. Ueda told reporters he hoped to discuss with fellow policymakers at this month’s meeting whether the economy was developing in line with the bank’s forecasts and whether inflation risks were increasing.Meanwhile, hawkish BOJ board member Hajime Takata said on Wednesday that the central bank should adjust interest rates nimbly in response to inflationary pressures, reinforcing expectations of further monetary-policy tightening. Immediate resistance can be seen at 159.36(SMA 20), an upside break can trigger rise towards 160.00(Psychological level).On the downside, immediate support is seen at 159.54(Daily low) a break below could take the pair towards 155.96 (23.6%fib).
Equities Recap
European shares edged lower on Wednesday, pressured by elevated bond yields as escalating Middle East tensions fueled concerns over energy-driven inflation.
UK's benchmark FTSE 100 closed down by 0.30 percent, Germany's Dax ended down by 0.50 percent, France’s CAC finished the day down by 0.26 percent.
Wall Street advanced on Wednesday, partially recovering from a three-day losing streak as investors looked for bargains among stocks and sectors that had been oversold during recent risk-off trading.
Dow Jones closed up by 0.56 % percent, S&P 500 closed up by 0.46% percent, Nasdaq settled up by 0.45% percent.
Commodities Recap
Gold rebounded from a near one-month low on Wednesday as the U.S. dollar and Treasury yields retreated from recent highs, while investors awaited U.S. payrolls data for clues on the Federal Reserve’s policy outlook.
Spot gold rose 1.1% to $4,376.41 an ounce by 01:57 p.m. ?EDT (1757 GMT), rebounding from its lowest level since August 7 hit earlier in ?the session. U.S. gold futures for December delivery edged 0.4% higher to settle at $4,414.60.
Brent crude prices settled 1% higher in a volatile session ?on Wednesday, driven by renewed military strikes between the U.S. and Iran that have restricted world oil supply.
Brent crude futures settled up 98 cents, or 1%, at $95.63 a barrel. U.S. West Texas Intermediate crude futures rose 79 cents, or 0.9%, to settle at $91.01.