Posted at 21 September 2026 / Categories Market Roundups
Market Roundup
•Swiss M3 Money Supply (Aug) 1,238.2B, 1,232.2B previous
•Greek Current Account (YoY) (Jul) 0.218B, -0.603B previous
•French 12-Month BTF Auction 3.161% ,3.208% previous
•French 3-Month BTF Auction 2.639%, 2.654% previous
• French 6-Month BTF Auction 2.898%, 2.868% previous
Looking Ahead Economic Data (GMT)
•15:30 US 3-Month Bill Auction 3.970% previous
•15:30 US 6-Month Bill Auction 4.060% previous
Currency Forecast
EUR/USD : The euro dipped against the U.S. dollar on Monday after the Alternative for Germany (AfD) secured first place in a state election in northeastern Germany, delivering a poor result for Chancellor Friedrich Merz’s conservative party. ARD projections showed the AfD winning 38.3% in Mecklenburg-Western Pomerania, followed by the SPD with 35.4%. Merz’s conservatives were projected at 4.9%, falling below the threshold for entering the state parliament. The outcome marked the AfD’s second state-level election victory this month. Oil prices fell on hopes of a diplomatic solution to the conflict amid a UN meet this week and as investors eyed a partial recovery in shipments from Saudi Arabia. Immediate resistance can be seen at 1.1558(Sep 17th high), an upside break can trigger rise towards 1.1585(SMA 20).On the downside, immediate support is seen at 1.1454(23.6%fib), a break below could take the pair towards 1.1433(Lower BB).
GBP/USD: The pound fell slightly on Monday as traders focused on energy prices and the outlook for central bank interest rates.The pound fell sharply last Wednesday as the dollar rallied after the U.S. Federal Reserve hiked interest rates and signalled it could raise them again.The Bank of England, by contrast, held rates steady on Thursday, although it also said it may need to hike if the months-long Iran war continues to drag on and choke global energy supplies. Higher interest rates tend to make investments such as bonds more attractive, boosting the currency. The latest purchasing managers' index readings for September a measure of the health of the private sector - should give currency traders more information on the UK economy this week. Immediate resistance can be seen at 1.3349(50%fib), an upside break can trigger rise towards 1.3508(61.8%fib).On the downside, immediate support is seen at 1.3327(Lower BB), a break below could take the pair towards 1.3284(38.2%fib).
AUD/USD: The Australian gains slightly against dollar on Monday as investors assessed the outlook for Australian monetary policy amid persistent concerns over sticky inflation. Markets are now pricing in a 25-basis-point rate increase by the Reserve Bank of Australia on September 29 as increasingly likely, with futures implying the move is close to fully priced. Investors will closely monitor comments from RBA policymakers on Tuesday, with Hunter, Governor Michele Bullock and Monetary Policy Board member Ross scheduled to speak. Their remarks could provide further clues on the central bank’s policy outlookBroader risk sentiment remained fragile as Houthi forces struck Riyadh while the United States and Iran exchanged threats of renewed hostilities, keeping geopolitical risks elevated across financial markets. Immediate resistance can be seen at 0.7134(Sep 18th high), an upside break can trigger rise towards 0.7164(38.2%fib).On the downside, immediate support is seen at 0.7080 (38.2%fib), a break below could take the pair towards 07072(Lower BB)
USD /JPY : The U.S. dollar gained ground against yen on Monday after volatility late last week put traders on alert for possible currency intervention, while a series of rate hikes and hawkish signals from central banks helped to strengthen the dollar.Traders stayed vigilant for signs of Tokyo stepping into the market as Japanese markets were closed for a three-day holiday, leading to low liquidity.The Bank of Japan raised rates on Friday to their highest level in 31 years, 1.25%, but two dissenting votes and a lack of explicitly hawkish guidance left investors reluctant to buy the currency. On the geopolitical front beyond the Middle East, US President Donald Trump will attend the United Nations General Assembly this week, ahead of a meeting with Chinese President ?Xi Jinping on Thursday. Immediate resistance can be seen at 158.08(Sep 18th high), an upside break can trigger rise towards 158.58(50%fib).On the downside, immediate support is seen at 156.85(SMA20) a break below could take the pair towards 156.20 (61.8%fib).
Equities Recap
European shares climbed on Monday, driven by gains in technology stocks, while falling oil prices for a fourth straight session eased investor concerns and lifted risk sentiment.
UK's benchmark FTSE 100 was up by 0.69 percent, Germany's Dax was up by 1.05 percent, France’s CAC was up by 0.93 percent.
Commodities Recap
Gold eased on Monday as markets priced in more monetary policy tightening this yearfrom the US Federal Reserve and hawkish signals from other major central banks that strengthened the dollar.
Spot gold fell 0.3% to $4,361.96 per ounce by 9:20 a.m. ET (1320 GMT). US gold futures were down 0.6% at $4,400.00.
Oil prices fell towards the $100-a-barrel mark on Monday, hitting an 11-day low as investors hoped for diplomatic progress on the Iran war at this week’s UN meeting and watched for a partial recovery in Saudi shipments.
Brent crude futures ?and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday. ?The Brent contract for November was at $101.18 a barrel at 1254 GMT, down $2.69, ?or 2.6%.