Markets had been off to a operating begin on Monday, as gold as soon as once more hit recent highs whereas U.S. fairness indices additionally soared to file ranges.
Constructive commerce developments on the U.S.-China entrance, in addition to positioning for a Fed charge lower later within the week, seem like maintaining traders hungry for danger.
Try the headlines and financial updates you could have missed within the newest buying and selling periods!
Headlines:
- New Zealand Providers NZ PSI for August 2025: 47.5 (49.5 forecast; 48.9 earlier)
- Trump stated he’s prepared to slap sanctions on Russia and that Europe ought to act too
- China Home Value Index for August 2025: -2.5% y/y (-2.6% y/y forecast; -2.8% y/y earlier)
- China Retail Gross sales for August 2025: 3.4% y/y (5.0% y/y forecast; 3.7% y/y earlier)
- China Industrial Manufacturing for August 2025: 5.2% y/y (5.1% y/y forecast; 5.7% y/y earlier)
- China Fastened Asset Funding (YTD) for August 2025: 0.5% y/y (1.4% y/y forecast; 1.6% y/y earlier)
- China Unemployment Fee for August 2025: 5.3% (5.2% forecast; 5.2% earlier)
- Germany Wholesale Costs for August 2025: 0.7% y/y (0.9% y/y forecast; 0.5% y/y earlier); -0.6% m/m (-0.4% m/m forecast; -0.1% m/m earlier)
- Swiss Producer & Import Costs for August 2025: -1.8% y/y (-1.2% y/y forecast; -0.9% y/y earlier); -0.6% m/m (-0.1% m/m forecast; -0.2% m/m earlier)
- Euro space Commerce Steadiness for July 2025: 12.4B (11.5B forecast; 7.0B earlier)
- ECB Govt Board member Isabel Schnabel stated on Monday that “Financial coverage ought to hold a gradual hand,” implying that small deviations from the two% inflation goal must be tolerated
- Trump posted on Reality Social that the assembly between the U.S. and China has gone effectively
- Canada Wholesale Gross sales for July 2025: 1.2% m/m (1.3% m/m forecast; 0.7% m/m earlier)
- Canada New Motor Automobile Gross sales for July 2025: 179.8k (160.0k forecast; 177.3k earlier)
- Canada Manufacturing Gross sales Last for July 2025: 2.5% m/m (1.8% m/m forecast; 0.3% m/m earlier)
- U.S. NY Empire State Manufacturing Index for September 2025: -8.7 (10.0 forecast; 11.9 earlier)
- U.S. Treasury Secretary Bessent confirmed that the U.S. has reached a framework of a commerce cope with China
Broad Market Value Motion:
Greenback Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Market members had been within the temper for danger all through the day, as largely downbeat Chinese language information launched within the Asian session additional stoked expectations for extra stimulus measures.
WTI crude oil ripped increased early on, getting an extra increase from U.S. President Trump’s remarks on his willingness to impose further sanctions on Russia and urging Europe to behave as effectively, maintaining oil merchants cautious of world provide troubles.
Gold, which was flip-flopping in barely bearish territory throughout Asian and London market hours, discovered its footing in the course of the U.S. session open, proper across the time Trump posted in regards to the U.S.-China assembly going effectively.
In a while, U.S. Treasury Secretary Bessent confirmed that each nations reached a framework for a commerce settlement, sending U.S. fairness indices broadly increased. It additionally helped that Tesla and Alphabet shares had been on a tear, with the previous closing 3.62% increased and the latter advancing 4.53%.
In distinction, Treasury yields continued to hunch as merchants doubtless positioned forward of a Fed rate of interest lower later this week. Information that Fed official Prepare dinner can be taking part within the September FOMC assembly additionally stored easing expectations supported.
FX Market Conduct: U.S. Greenback vs. Majors:
Overlay of USD vs. Majors Chart by TradingView
The greenback was on a gradual downward trajectory all through the day, primarily pushed by pre-FOMC positioning, in addition to risk-on updates that weighed on the safe-haven foreign money’s demand.
China’s retail gross sales, industrial manufacturing and stuck asset funding information launched within the Asian session painted an image of an economic system that would use extra assist from progress stimulus measures, main AUD and NZD to have the same bullish response to final week’s Chinese language CPI launch.
After a little bit of profit-taking and rebound forward of the London session, USD resumed its tumble, most notably in opposition to GBP as pound merchants had been additionally doubtless pricing in hawkish expectations for the upcoming BOE choice.
The greenback caught some bids after Trump posted on Reality Social that the U.S.-China assembly went effectively, adopted by Bessent’s affirmation {that a} framework for a commerce deal has been reached. Nonetheless, USD nonetheless carried on with its decline in the direction of the top of the session because the rally in equities continued to stoke risk-on vibes.
Upcoming Potential Catalysts on the Financial Calendar
- Japan Tertiary Business Exercise Index for July 2025 at 4:30 am GMT
- Australia RBA Hauser Speech at 5:45 am GMT
-
U.Ok. Employment Change for July 2025 at 6:00 am GMT
- U.Ok. Common Earnings for July 2025 at 6:00 am GMT
- U.Ok. Unemployment Fee for July 2025 at 6:00 am GMT
- U.Ok. Claimant Depend Change for August 2025 at 6:00 am GMT
- Germany ZEW Financial Sentiment Index for September 2025 at 9:00 am GMT
- Euro space Industrial Manufacturing for July 2025 at 9:00 am GMT
- Euro space Labour Value Index Last for June 30, 2025 at 9:00 am GMT
- Euro space Wage Progress for June 30, 2025 at 9:00 am GMT
- Euro space ZEW Financial Sentiment Index for September 2025 at 9:00 am GMT
- New Zealand World Dairy Commerce Value Index for September 16, 2025
- Canada Housing Begins for August 2025 at 12:15 pm GMT
- Canada Client Costs Index Progress Fee for August 2025 at 12:30 pm GMT
- U.S. Retail Gross sales for August 2025 at 12:30 pm GMT
- U.S. Import & Export Costs for August 2025 at 12:30 pm GMT
- U.S. Manufacturing & Industrial Manufacturing for August 2025 at 1:15 pm GMT
- U.S. NAHB Housing Market Index for September 2025 at 2:00 pm GMT
- U.S. API Crude Oil Inventory Change for September 12, 2025 at 8:30 pm GMT
- New Zealand Westpac Client Confidence for September 30, 2025
- New Zealand Present Account for June 30, 2025 at 10:45 pm GMT
- Japan Steadiness of Commerce for August 2025 at 11:50 pm GMT
It’s shaping as much as be a busy one as we speak, because the calendar has a handful of top-tier releases that would spur volatility.
First up, we’ve acquired the U.Ok. jobs report that would additional underscore the BOE’s optimistic bias. After that, Germany has its ZEW financial sentiment index that would spotlight the ECB’s much less dovish tilt. Lastly, Canada has its CPI launch that would affect market expectations forward of the BOC rate of interest choice.
As all the time, look out for international commerce developments and geopolitical headlines that would affect total market sentiment. Keep nimble and don’t neglect to take a look at our Foreign exchange Correlation Calculator when taking any trades!
