Posted at 22 September 2026 / Categories Market Roundups
Market Roundup
• UK Public Sector Net Cash Requirement (Aug) 10.005B, -26.808B previous
•UK Public Sector Net Borrowing (Aug) 1.80B, 0.00B forecast, 12.80B previous
Looking Ahead Economic Data (GMT)
•14:00 US Richmond Manufacturing Index (Sep) 2 forecast, 4 previous
•14:00 US Richmond Manufacturing Shipments (Sep) 11 previous
•14:00 US Richmond Services Index (Sep) -8 previous
Looking Ahead Events And Other Releases (GMT)
•14:10 German Buba Vice President Buch Speaks
•14:20 US Fed Governor Jefferson Speaks
Currency Forecast
EUR/USD : The euro dipped on Tuesday as investors awaited potential US-Iran talks.Investors are awaiting developments on potential US-Iran ?talks at the United Nations General Assembly this week after more supplies emerged through the strait over the weekend. Since the US-Israeli war on Iran broke out in late February, higher energy prices ?have stoked inflation ?concerns, forcing central ?banks around the world to adopt restrictive policy stances.Oil ?prices fell 1%, paring gains from earlier in the session, ?after Kyodo news reported that Iran has offered to reopen ?the Strait of Hormuz within seven days.. 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 British pound initially dipped but recovered ground on Tuesday as traders weighed a ?report that said Iran had offered to reopen the Strait of Hormuz within seven days.The disruption of the crucial shipping route has strained global oil supplies and posed a serious challenge for nations such as ?the UK, which rely on imports.A sustained resumption of oil ?flows through the channel could ease pressure on the ?Bank of England to hike rates, which in turn may limit ?gains in sterling.Sterling was largely unchanged at $1.3366, clawing back after dropping ?to $1.3327 earlier in the session. 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 towards1.3284(38.2%fib).
AUD/USD: The Australian initially dipped recovered ground on Tuesday as investors assessed Reserve Bank of Australia (RBA) Governor Michele Bullock’s speech.In her last public remarks before the September rate-setting meeting, RBA Governor Michele Bullock discussed the central bank’s tolerance for unemployment. Under its dual mandate, the RBA seeks to support full employment while maintaining price stability by keeping inflation within its target range.Michele Bullock said on Tuesday that monetary policy has limited ability to respond directly to supply shocks, but must act to contain their second-round impact on 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. 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 steadied against yen on Tuesday as traders bet that the Bank of Japan would struggle to match the hawkish policy shift seen at other major central banks.The yen has stayed under pressure, aside from a temporary bounce after the rate check report, following Friday's Bank of Japan rate hike that was accompanied by two dovish dissenting votes.The move stood in contrast to the Fed's rate hike last week and the hawkish signals from most other major central banks, with investors expecting additional rate increases before year-end.Markets are pricing in about a 30% chance that the Bank of Japan will raise its benchmark short-term rate to 1.5% in October, while assigning roughly a 55% probability to a 25-basis-point Fed hike to a 4%-4.25% target range .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 edged higher on Tuesday in choppy trading as investors monitored the prospect of U.S.-Iran talks amid the seven-month-long war.
UK's benchmark FTSE 100 was up by 0.01 percent, Germany's Dax was up 1.42percent, France’s CAC was up by 0.46 percent.
Commodities Recap
Gold prices edged lower on Tuesday as markets priced in a more restrictive Federal Reserve policy outlook for the rest of the year, while traders continued to monitor developments in the Middle East conflict.
Spot gold was down 0.3% at $4,332.34 per ounce ?by 9:25 a.m. ET (1325 GMT). US gold futures fell 0.3% to $4,370.40.
Oil prices fell to a two-week low on Tuesday as prospects for Gulf supply improved, with Iran signaling that it could reopen the Strait of Hormuz within seven days and Saudi Arabia preparing to resume exports from its Red Sea port of Yanbu.
The Brent crude futures November contract was down $2.11, or 2.1%, to $98.23 a barrel at 1151 GMT.The WTI October ?contract, which expires on Tuesday, lost $2.48, or 2.59%, to $93.30 a barrel.