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America’s Roundup: Dollar hits 17-month high versus euro ,US stocks inch up, Gold edges higher, Oil jumps 4%

Market Roundup

 • US Initial Jobless Claims (Sep) 197K, 201K forecast, 198K previous

 • US Continuing Jobless Claims (Sep) 1,701K, 1,730K forecast, 1,712K previous

 • US Jobless Claims 4-Week Avg. (Sep) 200.00K, 202.50K previous

 • US S&P Global Manufacturing PMI (Sep) 55.9, 57.0 forecast, 53.9 previous

• US ISM Manufacturing PMI (Sep) 54.5, 54.8 forecast, 54.6 previous

• US ISM Manufacturing Employment (Sep) 52.7, 52.0 forecast, 51.2 previous

• US ISM Manufacturing Prices (Sep) 77.9, 72.9 forecast, 71.1 previous

• US Construction Spending (Aug) 0.9%, 0.0% forecast, -0.1% previous

• US ISM Manufacturing New Orders Index (Sep) 55.3, 54.7 forecast, 53.7 previous

• US Natural Gas Storage 64B, 63B forecast, 53B previous

• US Atlanta Fed GDPNow (Q3) 3.7%, 3.7% forecast, 3.7% previous

Looking Ahead Economic Data (GMT) 

 • No Data Ahead

Looking Ahead Events And Other Releases (GMT)  

•  No Event Ahead

Currency Summaries

EUR/USD : The euro fell to a 17-month low on Thursday as a global bond selloff pushed U.S. and European government yields to fresh highs, while rising oil prices intensified inflation concerns.The single currency dropped below $1.1215 for the first time since May 2025 against a resurgent dollar, which has benefited from the largest quarterly increase in U.S. Treasury yields since 1994.Global bonds suffered their steepest monthly decline in years in September as concerns over deteriorating government finances, heavy debt issuance and rising inflation drove yields higher.The euro was last down 0.77% at $1.12433, extending its September decline to nearly 2.5%  its biggest monthly drop since July 2025. Immediate resistance can be seen at 1.1333(38.2%fib), an upside break can trigger rise towards 1.1441(50%fib).On the downside, immediate support is seen at 1.1212(23.6%fib), a break below could take the pair towards 1.1164(Lower BB).

GBP/USD: The pound fell to a three-month low against the dollar on Thursday as renewed concerns over elevated interest rates, oil prices and persistent inflation weighed on pound. Investors were increasingly worried that a prolonged Middle East conflict could keep oil prices above $100 a barrel, fueling inflation and forcing borrowing costs higher. Energy-importing economies with already stretched public finances came under particular pressure .Sterling fell by as much as 0.5% on the day to a low of $1.3193, breaking the $1.32 mark for the first time since late June. It was last down 0.3% at $1.3225.  Immediate resistance can be seen at 1.3288(38.2%fib), an upside break can trigger rise towards 1.3366(SMA 20).On the downside, immediate support is seen at 1.3161(23.6%fib), a break below could take the pair towards1.3124(Lower BB).

USD/CAD: The Canadian dollar steadied near an 18-month low against its U.S. counterpart on Thursday as the greenback extended its broad-based gains, supported by elevated Treasury yields and resilient U.S. economic data. The U.S. dollar added to recent advances against a basket of major currencies, while the 10-year Treasury yield briefly climbed to a 24-year high of around 5.34% before easing as investors stepped in to buy bonds. Meanwhile, Canada’s manufacturing sector lost momentum in September. The S&P Global Canada Manufacturing PMI fell to 51.5 from 53.0 in August, marking its lowest reading since March. The loonie was little changed at 1.4235 per U.S. dollar after touching 1.4263, its weakest intraday level since April 2025. The move followed eight consecutive daily declines, the currency’s longest losing streak since May. Immediate resistance can be seen at 1.4011(Higher BB), an upside break can trigger rise towards 1.4056(38.2%fib).On the downside, immediate support is seen at 1.3912(50%fib), a break below could take the pair towards 1.3861(SMA 20).

USD/JPY: The dollar edged lower against the yen on Thursday as the Japanese currency strengthened amid growing intervention concerns, although the greenback remained supported by elevated U.S. Treasury yields and resilient economic data.U.S. manufacturing activity was broadly stable in September, while a surge in input prices amid strong demand pointed to persistent inflationary pressures. The Institute for Supply Management said its manufacturing PMI slipped to 54.5 from 54.6 in August, missing economists’ forecast of 55.0.Meanwhile, initial claims for U.S. state unemployment benefits fell by 1,000 to a seasonally adjusted 197,000 for the week ended September 26, according to the Labor Department. Economists had expected claims to rise to 200,000. Immediate resistance can be seen at 158.00(Psychological level), an upside break can trigger rise towards 158.48(50%fib).On the downside, immediate support is seen at  156.46(SMA 20) a break below could take the pair towards 156.13(61.8%fib).

Equities Recap

European shares started the final quarter on a weaker note Thursday, with heavyweight banks leading declines as global government bond yields climbed to multi-year highs.

UK's benchmark FTSE 100 closed down by 1.68 percent, Germany's Dax ended down 1.03%, France’s CAC finished the day down by 1.62 percent.

US stocks recovered from early losses to finish slightly higher on Thursday, with the S&P 500 rebounding from a two-week low as the global bond selloff eased after pushing Treasury yields to multi-decade highs.

Dow Jones closed up by  0.04 % percent, S&P 500 closed up by 0.20% percent, Nasdaq settled up by 0.04%  percent.

Commodities Recap

Gold prices edged higher on Thursday as softer-than-expected US inflation data reduced expectations for a Federal Reserve rate hike in October, while investors awaited key US jobs data later this week.

Spot gold edged 0.2% higher to $4,165.29 per ounce by 2:08 p.m. EDT (1808 GMT), while US gold futures for December delivery settled 0.4% higher at $4,202.30. Gold ​prices fell over 6% in September.

Oil prices jumped on Thursday, settling more than $4 a barrel higher, after reports that the US was deploying additional troops and aircraft carriers to the Middle East, while China suspended oil product exports, raising concerns over tighter global fuel supplies.

The new front-month December Brent crude futures contract settled at $102.31 a barrel, up 4.37% or $4.28. US West Texas Intermediate crude futures finished at $92.87 a barrel, up 2.71%, or $2.45.

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