Posted at 19 September 2026 / Categories Market Roundups
Market Roundup
• Canada New Housing Price Index (MoM) -0.1%, -0.1% previous
• US Industrial Production (YoY) (Aug) 1.42%, 1.13% previous
• US Industrial Production (MoM) (Aug) 0.0%, 0.3% forecast, 0.2% previous
• US Manufacturing Production (MoM) (Aug) -0.3%, 0.3% forecast, 0.2% previous
• US Capacity Utilization Rate (Aug) 76.3%, 76.4% forecast, 76.3% previous
• US Leading Index (MoM) (Aug) -0.1%, 0.1% forecast, 0.2% previous
Looking Ahead Economic Data (GMT)
• No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Friday as markets wrapped up a turbulent week dominated by efforts by major central banks to contain inflation. Monetary policy remained the key focus, with the Middle East war nearing its seven-month mark and showing few signs of ending. Persistently high oil prices above $100 a barrel have added to concerns over renewed inflationary pressures. The Federal Reserve raised interest rates for the first time in three years on Wednesday and adopted a more hawkish stance on inflation, weighing on the yen. The Japanese currency was on track for its worst weekly performance against the dollar in two years, down around 2%.The Bank of England left interest rates unchanged on Thursday but warned that prolonged conflict in Iran could increase the need for further tightening. The European Central Bank also raised rates last week and signaled that additional tightening may be required. Immediate resistance can be seen at 1.1566(50%fib), an upside break can trigger rise towards 1.1609(SMA20).On the downside, immediate support is seen at 1.1463(38.2%fib), a break below could take the pair towards 1.1339(23.6%fib).
GBP/USD: The pound rebounded against the dollar on Friday after data showed UK retail sales rebounded more strongly than expected in August.According to data released by the Office for National Statistics, retail sales rose 0.5% month-on-month in August, reversing a 0.5% decline in July and beating economists’ expectations for a 0.2% fall.Excluding auto fuel, retail sales increased 0.6%, recovering from a 0.9% decline in July, as online shopping and warmer weather boosted demand for seasonal goods.The Bank of England kept interest rates unchanged on Thursday but indicated that borrowing costs could rise if the Iran war persists and fuels inflationary pressures. Immediate resistance can be seen at 1.3450(50%fib), an upside break can trigger rise towards 1.3513(SMA20).On the downside, immediate support is seen at 1.3341(61.8%fib), a break below could take the pair towards1.3266 (Jan 28th low).
USD/CAD: The Canadian dollar edged higher against its U.S. counterpart on Friday as investors assessed developments in the Middle East, while oil prices eased on reports of additional Saudi supply.The Strait of Hormuz is still largely cut off, with just four commodities vessels passing through the strait on Thursday, below the 10-day average of about 16, preliminary shipping data showed on Friday.US crude oil futures were trading 0.5% higher at $102.43 a barrel as markets assessed Saudi supply alongside concerns about a widening Middle East conflict. Oil is one of Canada's major exports.Bank of Canada Governor Tiff Macklem will speak on Monday, with markets awaiting his comments on the economy.Investors see a roughly 60% chance the BoC would hike at its next policy announcement on October 28. Immediate resistance can be seen at 1.4011(Higher BB), an upside break can trigger rise towards 1.4028(Higher BB).On the downside, immediate support is seen at 1.3905(61.8%fib), a break below could take the pair towards 1.3874(SMA 20).
USD /JPY : The U.S. dollar rose higher on Friday after the Bank of Japan raised rates to a 31-year high of 1.25%. The decision, though expected, excited yen bears with two board members dissenting to the hike.The BOJ decision wraped up the series of major central bank meetings in which policymakers have ratcheted up hawkish rhetoric.The Japanese yen weakened 0.50% against the greenback to 156.76 per dollar. The Japanese currency has risen 1.8% so far this month, driven by expectations of a faster pace of hikes from the BOJ and early signs of repatriation from Japanese investors.The Federal Reserve raised rates for the first time in three years on Wednesday and switched to a more aggressive stance on inflation, which knocked the yen, putting it on course for its worst weekly performance against the dollar in two years, down 2%. Immediate resistance can be seen at 157.54 (Daily high), an upside break can trigger rise towards 158.45(38.2%fib).On the downside, immediate support is seen at 156.89(50%fib) a break below could take the pair towards 153.45 (61.8%fib).
Equities Recap
Europe’s STOXX 600 slid on Friday as automobile and telecom shares led widespread losses, leaving the index lower for the week as oil prices eased and major central banks announced interest-rate decisions.
UK's benchmark FTSE 100 closed down by 1.45 percent, Germany's Dax ended down 1.60 %, France’s CAC finished the day down by 1.49 percent.
Wall Street ended a volatile week on a subdued note Friday, with benchmark U.S. Treasury yields climbing above 5% and crude oil prices reversing earlier gains while remaining above $100 a barrel, keeping inflation concerns firmly in focus.
Dow Jones closed down by 0.19 % percent, S&P 500 closed up by 0.16% percent, Nasdaq settled up by 0.40% percent.
Commodities Recap
Gold prices climbed to a one-week high on Friday and were on track for their first weekly gain in four weeks, as lower oil prices eased concerns over prolonged inflationary pressures.
Spot gold was up 1.2% at $4,390.11 per ounce by 2:14 p.m. EDT (1812 GMT), after hitting its highest level since September 11 earlier in the session. Bullion has ?gained 1% so far this week.US gold futures settled 0.6% higher at $4,424.90.
Oil prices fell on Friday after China, responding to a request from Saudi Arabia, urged Iran to curb Houthi rebel attacks on Saudi oil infrastructure, which have threatened to disrupt another major oil export route in the Middle East.
Brent crude futures settled at $104.87 a barrel, down 95 cents, or 0.93%. US West Texas Intermediate futures finished at $100.30 a barrel, down $1.61, or 1.58%.