Posted at 10 September 2026 / Categories Market Roundups
Market Roundup
• Australia MI Inflation Expectations (Sep) 4.9% forecast, 4.9% previous
•German CPI (MoM) (Aug) 0.2%, 0.2% forecast, 0.8% previous
•German CPI (YoY) (Aug) 2.9%, 2.9% forecast, 2.8% previous
•German HICP (MoM) (Aug) 0.2%, 0.2% forecast, 0.9% previous
•German HICP (YoY) (Aug) 2.9%, 2.9% forecast, 2.8% previous
Looking Ahead Economic Data (GMT)
• 12:15 ECB Deposit Facility Rate (Sep) 2.50% forecast, 2.25% previous
• 12:15 ECB Interest Rate Decision (Sep) 2.65% forecast, 2.40% previous
• 12:15 ECB Marginal Lending Facility 2.65% previous
Looking Ahead Events And Other Releases (GMT)
• No Data Ahead
Currency Forecast
EUR/USD : The euro firmed against the U.S. dollar on Thursday as investors awaited a widely forecast interest rate hike from the European Central Bank ?and comments from chief Christine Lagarde on oil ?prices and their impact on inflation.The ECB is expected to ?deliver a ?25-basis-point hike later in the day, kicking off a busy period for central banks. ?ECB President Christine Lagarde and colleagues, gathering in Berlin for ?their annual venture away from the central bank's Frankfurt headquarters, are likely to take comfort from recent growth data.The 21-country euro zone economy has ?been holding up better than anticipated despite higher fuel costs, competition from China and the impact of droughts.Immediate resistance can be seen at 1.1641(38.2%fib), an upside break can trigger rise towards 1.1677(Aug 28th high).On the downside, immediate support is seen at 1.1612(Daily low), a break below could take the pair towards 1.1585(38.2%fib).
GBP/USD: The British pound edged higher against the U.S. dollar on Thursday as investors awaited key U.S. inflation data that could provide fresh clues about the Federal Reserve’s interest-rate outlook.The U.S. producer price index data is due at 1230 GMT, and consumer inflation figures are scheduled for release on Friday.The U.S. Fed will hold its interest rate steady ?at its September 15-16 meeting and for the rest of this year, again ?defying market expectations for a series of hikes, according to a majority of economists in a Reuters poll.The CME ?FedWatch Tool showed markets pricing in a 60% chance of a U.S. rate increase this month. Higher rates generally make non-yielding assets less attractive to investors.On the ?geopolitical front, Iran ?said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest wave of attacks on shipping ?by both ?sides since the start of the six-month-old war. Immediate resistance can be seen at 1.3556(SMA 20 ), an upside break can trigger rise towards 1.3655(23.6%fib).On the downside, immediate support is seen at 1.3535(38.2%fib), a break below could take the pair towards1.3483(Sep 2nd low).
AUD/USD: The Australian traded in narrow range on Thursday as investors stayed cautious ahead of key U.S. inflation data that could influence expectations for the Federal Reserve’s next policy move.The main focus is on the U.S. August Producer Price Index (PPI), due later Thursday, with economists expecting producer prices to rise 0.4% month-on-month. Attention will then shift to the August Consumer Price Index (CPI) on Friday, which is forecast to increase 0.4% from the previous month and 3.4% year-on-year.Markets are currently pricing around a 60% probability that the Federal Open Market Committee will raise the federal funds rate by 25 basis points at its September 16 meeting.Geopolitical risks are also keeping markets cautious as United States and Iran have carried out their biggest wave of attacks on shipping since the beginning of the war, raising concerns over further disruptions to energy supplies through key Middle Eastern shipping routes. Immediate resistance can be seen at 0.7250(Higher BB), an upside break can trigger rise towards 0.7276(23.6%fib).On the downside, immediate support is seen at 0.7217 (Daily low), a break below could take the pair towards 07168(38.2%fib)
USD /JPY :The U.S. dollar hovered near 7-month low on Thursday as investors digested BOJ board member Kazuyuki Masu.BOJ board member Kazuyuki Masu said in a speech that the bank may be forced to raise interest rates rapidly if inflation accelerates, as Japan's financial conditions remain accommodative.Ahead of next week’s policy meeting, Masu avoided providing clear guidance on the timing or pace of future rate hikes, but warned that price pressures were becoming broader and underlying inflation was nearing the BoJ’s 2% target.The BOJ is widely expected to raise rates on Friday next week, and market players will watch closely for clues on the pace of further tightening. Immediate resistance can be seen at 154.04(Daily high), an upside break can trigger rise towards 155.10(38.2%fib).On the downside, immediate support is seen at 152.95(Daily low) a break below could take the pair towards 152.00 (Psychological level).
Equities Recap
Asian stocks fell on Thursday as the latest and largest wave of attacks on shipping in the escalating Middle East war pushed oil prices above $100 a barrel.
China A50 was down by 0.33% , South Korea’s KOSPI was down at 0.25%, Nikkei was up at 0.14%
Commodities Recap
Oil prices edged lower on Thursday, but Brent crude held above the $100-a-barrel mark as traders prepared for potentially deeper supply disruptions.
Brent crude futures were down 0.7% to $100.50 a barrel by 0619 GMT. U.S. West Texas Intermediate crude was at $95.58, down 0.5%.
Gold prices climbed on Thursday, supported by weakness in the U.S. dollar, while investors remained focused on upcoming U.S. inflation data for clues about the Federal Reserve’s future interest-rate path.
Spot gold was up 0.5% at $4,423.81 per ounce, as of 0659 GMT. U.S. gold futures for December delivery rose 0.2% to $4,467.90.