Posted at 25 September 2026 / Categories Market Roundups
Market Roundup
• US Building Permits (Aug) -2.1%, -2.7% forecast, 4.3% previous
•US Initial Jobless Claims 197K, 201K forecast, 198K previous
•US Current Account (Q2) -246.0B, -258.0B forecast, -212.6B previous
•US Continuing Jobless Claims 1,719K, 1,750K forecast, 1,717K previous
•US Jobless Claims 4-Week Avg. 202.25K, 204.00K previous
•CA Core Retail Sales (Jul) -0.7%, -0.5% forecast, 0.5% previous
•CA Retail Sales (Jul) -0.7%, -0.8% forecast, 0.6% previous
•CA Average Weekly Earnings (Jul) 3.18%, 3.39% previous
•CA Retail Sales (Aug) 1.3%, -0.7% previous
•US New Home Sales (Aug) 684K, 615K forecast, 643K previous
US New Home Sales (MoM) (Aug) 6.4%, -4.3% previous
US Natural Gas Storage 53B, 50B forecast, 44B previous
US KC Fed Composite Index (Sep) 14, 10 previous
US KC Fed Manufacturing Index (Sep) 20, 17 previous
Looking Ahead Economic Data (GMT)
•05:00 Japanese Core CPI (YoY) 2.3% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro slipped lower on Thursday as dollar firmed expectations of additional Federal Reserve interest rate hikes following strong economic data and a hawkish shift in rhetoric. The Fed raised rates and signalled further tightening last week, with Chair Kevin Warsh stressing the central bank's independence despite repeated calls from President Donald Trump for lower borrowing costs. The hawkish stance has eased concerns that a Warsh-led Fed would take a softer line on inflation, a prospect that could have weighed on US assets. Investors closely watched energy prices and geopolitics with Brent crude slightly up after jumping overnight as Iran and the United States remain far apart on how to end the war. Immediate resistance can be seen at 1.1450(38.2%fib), an upside break can trigger rise towards 1.1539(50%fib).On the downside, immediate support is seen at 1.1348(23.6%fib), a break below could take the pair towards 1.1308(Lower BB).
GBP/USD: Sterling hit three month low on Thursday as dollar was buoyed by expectations of further Federal Reserve interest rate hikes . Data on Wednesday suggesting strong business activity has led to increased expectations the Federal Reserve will raise interest rates again following its 25-basis-point hike last week. Traders are now pricing in a nearly 70% chance of ?a hike next month, according to the CME FedWatch Tool.New York Fed President John Williams, who has a ?vote on the Federal ?Open Market Committee, on Thursday said it was reasonable to think that the US central bank might need to raise interest rates again before the end of the year.Immediate resistance can be seen at 1.3347(Daily high), an upside break can trigger rise towards 1.3397(50%fib).On the downside, immediate support is seen at 1.3227(Daily low), a break below could take the pair towards1.3178(23.6%fib).
USD/CAD: The Canadian dollar weakened on Thursday as stronger dollar and downbeat Canadian retail sales data weighed on loonie. The US dollar climbed against major currencies as investors increased bets on additional Fed rate increases following a run of robust economic data.Canadian retail sales fell 0.7% month-on-month in July, slightly less than analysts had expected, as declines at general merchandise retailers weighed on overall sales, data showed on Thursday.Retail sales fell to C$73.70 billion ($52.25 billion) in July from C$74.25 billion in June, Statistics Canada said.Oil prices rose as US-Iran diplomatic talks showed little progress, while uncertainty over a possible US ban on diesel exports added to supply concerns. The loonie was trading 0.2% lower at 1.4125 per US dollar after touching its weakest intraday level since July 14 at 1.4149. Immediate resistance can be seen at 1.4161(Higher BB), an upside break can trigger rise towards 1.4266(23.6%fib).On the downside, immediate support is seen at 1.4129(38.2%fib), a break below could take the pair towards 1.4012(50%fib).
USD /JPY : The dollar advanced against the yen on Thursday as markets increased bets on another Fed rate hike in October. Strong PMI data released on Wednesday pushed the implied probability of a hike to nearly 70%, from around 50% a week earlier, according to CME Group’s FedWatch Tool. Comments from several Fed officials on Thursday reinforced the need to combat inflation, with New York Federal Reserve President John Williams and Philadelphia Fed President Anna Paulson noting that more rate increases were likely needed.The yen remained under pressure despite Japanese Finance Minister Satsuki Katayama saying the principles behind the July Japan-U.S. currency intervention remain in force, keeping the prospect of renewed joint action on the table if excessive market volatility returns.Immediate resistance can be seen at 160.00(Psychological level), an upside break can trigger rise towards 160.83(38.2%fib).On the downside, immediate support is seen at 157.71(Daily low) a break below could take the pair towards 156.60(SMA 20).
Equities Recap
European shares ended lower on Thursday as oil prices resumed their climb amid fading hopes for US-Iran talks, pushing euro zone bond yields near multi-year highs and weighing on risk appetite.
UK's benchmark FTSE 100 closed down by 0.24 percent, Germany's Dax ended down 0.57%, France’s CAC finished the day down by 0.52 percent.
The S&P 500 ended marginally lower on Thursday as Microsoft fell and Meta Platforms gained, while Middle East uncertainty pushed oil prices and Treasury yields higher.
Dow Jones closed down by 0.31 % percent, S&P 500 closed down by 0.02% percent, Nasdaq settled up by 0.01% percent..
Commodities Recap
Gold prices eased on Thursday, pressured by rising oil prices and US Treasury yields, while expectations the Federal Reserve could tighten monetary policy further weighed on sentiment.
Spot gold was down 0.5% at $4,265.50 per ounce as of 14:00 p.m. ET (1800 ?GMT), after having hit its lowest since September 16. US gold futures for December ?delivery settled 0.5% lower at $4,298.
Oil prices settled about 3% higher on Thursday at a one-week high after a Houthi missile attack on Saudi Arabia revived concerns over supply disruptions, though gains were pared after reports that the US and Iran discussed reopening the Strait of Hormuz.
Brent futures rose $3.52, or 3.4%, to settle at $106.60 a barrel. US West Texas Intermediate crude rose $2.45, or 2.7%, to settle at $94.61. At their session highs, both contracts were up about 5%.