Market Analysis
The US shutdown dragged on, weighing on the Dollar below 98.00 and fueling cautious trading across FX. Gold and silver eased but stayed supported by safe-haven demand, while USD/JPY softened and AUD consolidated. With fiscal risks, Fed signals, and global data ahead, volatility remains elevated.
The Dollar steadied as shutdown risks and central bank signals kept markets cautious. DXY held near 97.70–97.75, EUR/USD climbed above 1.1700, GBP/USD hovered at 1.3500, and USD/CHF consolidated around 0.7960. EUR/JPY rebounded from support, while broader FX stayed rangebound. Traders now focus on U.S. inflation, jobs, Eurozone data, and Swiss CPI for direction.
By OEXN
Markets ended the third quarter on a high, defying September’s usual weakness. The S&P 500 and Nasdaq posted their best Q3 since 2020 and strongest September since 2010, while the Dow hit a record high and the Russell 2000 notched its best Q3 since 2009 as the Fed began cutting rates.
Oil steadies near $62 as OPEC+ denies output hike speculation, while FX pairs diverge. USD/CAD holds above 1.3900, EUR/USD capped below 1.1800, NZD/USD pressured under 0.5800, and USD/JPY consolidates above 148.00 with upside limited by BoJ uncertainty. Shutdown risks, Fed signals, and China data keep traders cautious.
Silver hovers near 2011 highs as safe-haven demand climbs, while FX markets diverge. USD/CAD stays above 1.3900 on shutdown risks, USD/CNY edges lower after PBOC guidance, and USD/JPY strengthens as BoJ remains dovish. Traders eye US PCE data, Fed signals, and global policy shifts as key catalysts for the next move.
By VT Markets
The stage is set for a high-stakes showdown in Washington as the Supreme Court prepares to hear arguments in November on whether President Trump overstepped his authority by imposing emergency tariffs through the International Emergency Economic Powers Act.
By Naga
Discover the top 3 economic events driving markets Sep 30–Oct 4, 2025. NFP, RBA rate decision, and ISM PMI—what traders need to know this week
Gold soars near record highs as soft U.S. PCE data boosts Fed rate cut bets and weakens the Dollar. Oil edges higher toward $64, GBP/USD holds above 1.3400, AUD/USD steadies above 0.6500, and NZD/USD climbs past 0.5750. Shutdown risks weigh on USD, with traders watching Fed commentary and fresh data for next direction.
By FP Markets
Fed Governor Stephen Miran made headlines yesterday in an interview on Bloomberg and essentially doubled down on his dovish stance.
Global FX holds cautious ahead of US PCE data. Trump’s 100% pharma tariff boosts USD safe-haven demand, while PBOC’s softer fix signals yuan weakness. NZD slides toward 0.5750, JPY struggles above 151 as soft CPI weighs, and USD/CAD steadies near 1.3950 on weak oil. Markets eye inflation, Fed signals, and trade risks for the next move.
Gold holds below $3,750, silver consolidates near $44.00 highs. NZD/USD weakens after Powell’s cautious stance, while AUD/USD finds support as RBA cut bets fade. USD/CNY fix signals steady PBOC policy. Markets await US data and central bank speeches, keeping sentiment cautious with metals elevated and FX moves tied to Fed and RBA outlooks.
Markets remain cautious as Powell’s speech leaves Fed easing uncertain. Gold steadies near $3,750, AUD/USD and GBP/USD react to CPI and UK PMI, while USD/CAD stays supported by weak oil. NZD/USD holds above 0.5850. Traders await US data for direction amid mixed risk sentiment and central bank signals.
By Naga
Stay ahead of the markets! Learn which economic reports—from US inflation to global PMIs—are set to move markets this week and why they matter.
OEXN: Nvidia shares surge after $100B OpenAI deal, CEO calls it “the largest AI infrastructure proje
By OEXN
Nvidia (NVDA) shares jumped about 4% Monday after announcing plans to invest up to $100 billion in OpenAI.
By IC Markets
Global Markets:
- Asian Stock Markets : Nikkei up 0.99%, Shanghai Composite down -1.18%, Hang Seng down -1.02% ASX up 0.45%
- Commodities : Gold at $3,781.47 (0.17%), Silver at $44.308 (0.21%), Brent Oil at $66.24 (-0.50%), WTI Oil at $61.99 (-0.47%)
- Rates : US 10-year yield at 4.145, UK 10-year yield at 4.7110, Germany 10-year yield at 2.7481
By Octa
- Gold extends its record run, hitting a fresh all-time high of $3,791 on Tuesday.
- Fed officials struck a cautious tone on further cuts on Monday, although Governor Stephen Miran called for deeper 50 bps moves.
- Traders now await Fed Chair Powell’s speech later on Tuesday for fresh monetary policy cues.
WTI crude slipped below $63.50 on oversupply worries, weighing on CAD near 1.3850. NZD/USD firmed above 0.5850 ahead of Powell’s speech and US PMI, while AUD stayed weak after soft PMI. USD/CNY held steady under PBOC control. Markets eye US data and Fed guidance for the next move.
By FXPro
Gold hit three dozen record highs in 2025 and exceeded $3700 per ounce for the first time in history.
By VT Markets
Key Events This Week
The week begins in Australia, where RBA Governor Michele Bullock is due to speak on Monday, 22 September.
Silver surged past $43.00 to 14-year highs, while gold steadied above $3,650 on Fed easing bets. Oil climbed above $63.20 amid geopolitical risks, AUD regained footing after RBA’s cautious tone, and EUR/USD slipped toward 1.1700 ahead of Eurozone confidence data. Central bank guidance remains the key driver this week.
The Yen surged after the BoJ’s policy decision, driving GBP/JPY, EUR/JPY, and AUD/JPY lower. Gold eased below $3,650 on USD strength, while silver held firm near $42 on Fed cut bets. Markets remain focused on BoJ signals, Fed guidance, and key U.S. data to set the next move in FX and metals.
By VT Markets
The US tech sector has been a driving force behind much of the stock market’s post-pandemic recovery, with the Nasdaq outperforming global indices thanks to gains from the major tech giants.
By FXPro
EURJPY currency pair recently reversed down from the resistance zone between the resistance levels 173.65
By Octa
US Dollar (USD) is likely to trade in a range of 146.30/147.35. In the longer run, downward momentum has slowed, but there is a slim chance for USD to revisit the 145.45 level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
By FP Markets
We have quite a busy slate of event risk to get our teeth into this week. In addition to the Jackson Hole Symposium, an update from the Reserve Bank of New Zealand (RBNZ) and the minutes from the previous US Federal Reserve (Fed) meeting claim some of the limelight, as well as inflation data, and manufacturing and services S&P Global PMIs (Purchasing Managers’ Indexes).
Global markets trade cautiously ahead of the BoE decision, with GBP/USD near 1.3600 and EUR/GBP below 0.8700. Gold pulls back from $3,700, silver slips under $41.50, and WTI holds a bearish tone near $62. Currencies and commodities remain data-driven, with central bank guidance set to dictate the next move.
Markets traded cautiously Wednesday as traders awaited the Fed’s rate decision. EUR/USD slipped near 1.1850, NZD/USD retreated below 0.6000, and AUD/USD stayed subdued. WTI crude came under renewed pressure, while UK CPI eased slightly to 3.8%, keeping BoE policy in focus. Volatility is expected to rise as Fed, ECB, and BoE updates drive direction across FX and commodities.
Gold surged near record highs on Fed cut bets, while the dollar traded mixed. GBP/USD steadied ahead of UK jobs data, and USD/JPY slipped as BoJ rate hike expectations boosted the yen. AUD/USD weakened on China concerns despite a softer USD, while USD/CAD fell with oil-driven CAD strength. Traders eye Fed, BoJ, and UK labor data for direction.
By Pepperstone
We look ahead to what will be a packed week of macro event risk, with Wednesday’s FOMC meeting the clear highlight. The market would be surprised if we saw any outcome other than a 25bp cut from the Fed, even if several Fed governors do vote for a 50bp cut (depending on Steven Miran’s appointment passing a Senate vote). Attention will quickly turn to the tone of the FOMC statement, the guidance from Powell’s press conference, and the updated set of ‘Dots,’ and how these reconcile to the cumulative pricing of further rate cuts in the USD interest rate swaps curve.
By Naga
Catch up on this week’s market action: tech-led stock rallies, oil rebounds, gold near highs, and FX shifts. See how geopolitical tensions and Fed moves impact traders.
Markets steadied as traders await the Fed’s policy decision. Silver extended gains above $42 on safe-haven demand, while EUR/USD and GBP/USD held near key levels. WTI crude hovered around $62.70, capped by oversupply concerns despite geopolitical support. AUD/USD found footing as bets on further RBA cuts eased. All eyes now turn to the Fed for direction.
Oil slumped below $62 on demand worries, while the USD strengthened, pressuring NZD, AUD, and CAD. USD/JPY held steady after the U.S.–Japan FX stability pact. Traders eye U.S. Michigan Sentiment data for fresh Fed cues, with risks skewed to USD resilience and further commodity weakness.
Markets await the US CPI release, with expectations of rising inflation amid tariffs. The dollar remains rangebound, gold nears $3,650, and silver hovers above $41 on safe-haven flows. GBP/USD and AUD/USD consolidate as traders weigh Fed rate cut bets. CPI outcomes will likely dictate near-term FX and precious metal moves.
By Octa
- NZD/USD advances to near 0.6000 as the NZ Dollar capitalizes on an upbeat market mood.
- Inflation in China declined at a faster-than-expected pace in August.
- Investors await key US PPI data for August.
By OEXN
Robinhood (HOOD) shares jumped over 15% Monday to a record high after news it will join the S&P 500 (^GSPC) on Sept. 22.
Gold regained strength near $3,620 as Fed rate cut bets and safe-haven demand supported precious metals, while silver edged toward $41.00. The US Dollar Index stayed capped below 98.00 after weak NFP revisions, with EUR/USD slipping to 1.1700. AUD/USD held above 0.6650 on firmer commodities. Traders now eye U.S. CPI/PPI data and Fed guidance to set the next market direction.
The dollar slid below 97.50 on Fed cut bets, lifting silver near $41.50, oil above $62, and supporting commodities. USD/JPY held near 147.00 despite Japan’s tariff relief, while the Nikkei consolidated after profit-taking. Markets remain data-driven, with U.S. CPI and Fed signals set to dictate the next move.
By VT Markets
Oil markets remain caught between supply uncertainty and demand signals, leaving traders on alert for the next move. Speculation around OPEC+ production policy, upcoming US stockpile data, and shifting global consumption trends are all shaping sentiment, keeping volatility alive and market direction unclear.
By IC Markets
Markets are positioned for Fed easing after soft U.S. labor data, meaning today’s focus is on whether inflation releases confirm disinflationary trends. Political developments in Europe/Japan and Chinese trade data also shape risk sentiment, while global bond yields and precious metals remain highly sensitive to policy signals.
By OEXN
A weak August jobs report likely sealed an interest rate cut at the Federal Reserve’s Sept. 16–17 policy meeting.
By Naga
Stay ahead of the markets with our weekly update: gold hits record highs, stocks react to rising yields, and the USD leads as traders navigate volatility and Fed signals.
Gold pushed toward $3,600 and silver held near $40.50 as weak US jobs data boosted Fed rate cut bets and pressured the dollar. AUD steadied on strong China trade data, while GBP stayed below 1.3500 and EUR held above 1.1700. Markets remain data-driven, with US inflation, Eurozone GDP, and Fed commentary key for next moves.
By IC Markets
The September 5, 2025, Asian session was characterized by cautious optimism driven by formalized U.S.-Japan trade terms and continued Fed easing expectations, while underlying economic concerns persisted in China and broader labor market weakness in the United States. The most impacted instruments were Japanese equities and the yen due to the trade agreement implementation, while U.S. dollar weakness benefited most Asian currencies marginally.
By OEXN
Macy's (M) stock jumped roughly 20% Wednesday as its turnaround efforts drove same-store sales into positive territory for the first time in three years. In Q2, same-store sales rose 1.9%, its largest increase since early 2022. At 125 stores where Macy’s invested in merchandise and service, sales grew 1.4%.
By FP Markets
Today’s Levels of the Day post will focus largely on the bond market, specifically on the long-end of the curve in the UK and the US. Additionally, given its robust run higher, Spot Silver has also made today’s release!
FX markets eye UK Retail Sales for GBP/USD direction, with data seen softer but key before NFP. EUR/USD holds above 1.1650 ahead of Eurozone GDP, while USD/JPY stays heavy near 147.00 on Fed cut bets and strong JPY data. DXY weakens toward 98.00; USD/CAD slips to 1.3800 as oil steadies. Volatility likely as data drives sentiment.
The Yen weakened on BoJ ambiguity and political risks, while the Kiwi firmed above 0.5850 on soft US labor data. AUD steadied on strong trade surplus, and AUD/JPY hovered near 97.00 with a bullish bias. EUR/USD stayed near 1.1650 ahead of retail sales, and USD/JPY held above 147.00. Markets eye US jobs data and Eurozone figures for fresh direction.
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