FxWirePro: AUD/USD falls as hawkish Fed signals underpin dollar 
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Market Roundup
•France HCOB Manufacturing PMI (Sep) 50.3, 50.9 forecast, 51.1 previous
•France HCOB Services PMI (Sep) 51.4, 48.3 forecast, 48.0 previous
•France HCOB Composite PMI (Sep) 51.2, 48.5 previous
•Germany HCOB Manufacturing PMI (Sep) 53.8, 54.1 forecast, 54.3 previous
•Germany HCOB Services PMI (Sep) 52.9, 49.9 forecast, 49.7 previous
•Germany HCOB Composite PMI (Sep) 53.8, 51.8 forecast, 51.8 previous
•Eurozone HCOB Services PMI (Sep) 53.0, 51.4 forecast, 51.6 previous
•Eurozone HCOB Manufacturing PMI (Sep) 52.7, 52.6 forecast, 52.7 previous
•Eurozone HCOB Composite PMI (Sep) 53.1, 51.7 forecast, 52.0 previous
•UK S&P Global Services PMI (Sep) 51.7, 52.0 forecast, 52.5 previous
•UK S&P Global Composite PMI (Sep) 51.7, 52.0 forecast, 52.5 previous
•UK S&P Global Manufacturing PMI (Sep) 52.0, 51.5 forecast, 51.7 previous
Looking Ahead Economic Data (GMT)
•13:45 US S&P Global Manufacturing PMI (Sep) 53.6 forecast, 53.9 previous
•13:45 US S&P Global Services PMI (Sep) 55.8 forecast, 56.5 previous
•13:45 US S&P Global Composite PMI (Sep) 56.0 previous
•14:30 US Crude Oil Inventories -0.700M forecast, -0.640M previous
•14:30 US Cushing Crude Oil Inventories -0.342M previous
•14:30 US EIA Weekly Refinery Utilization Rates (WoW) -1.0% previous
•14:30 US Gasoline Inventories 0.794M previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro dipped on Wednesday as a stronger dollar offset upbeat business activity data showing euro zone growth accelerated unexpectedly this month.Boston Federal Reserve President Susan Collins said in a LinkedIn post that she supported last week’s 25-basis-point rate hike, citing risks that inflation could remain above the Fed’s 2% target. The Fed raised its benchmark rate to 3.75%-4.00% and signalled that another increase could come before year-end.Business activity across the euro zone accelerated at its fastest pace in more than three years this month, defying expectations for a slowdown, although firms faced a sharper rise in operating costs, an S&P Global PMI survey showed.The data came days after a rally in oil prices revived inflation concerns and pushed bond yields to multi-decade highs. The European Central Bank also delivered its second rate hike of the year.. Immediate resistance can be seen at 1.1450(Daily high), an upside break can trigger rise towards 1.1479(50%fib).On the downside, immediate support is seen at 1.1410(38.2%fib), a break below could take the pair towards 1.1386(Lower BB).
GBP/USD: The British pound dipped on Wednesday as the dollar strengthened on expectations of further U.S. interest rate hikes. Investors monitored developments around a potential Middle East peace deal, while crude oil prices remained near recent lows.U.S. President Donald Trump said talks with Iran in New York had made progress, but later threatened to “annihilate” the country if a deal was not reached.Oil prices held near their lowest levels in more than two weeks, pressured by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the U.S.-Israeli war on Iran.Meanwhile, a survey showed British business activity growth slowed this month while inflationary pressures intensified, creating a challenging backdrop for Finance Minister John Healey ahead of his first budget next month..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 1.3268(Lower BB), a break below could take the pair towards1.3178(23.6%fib).
AUD/USD: The Australian dollar dipped on Wednesday as the U.S. dollar strengthened on expectations of further interest rate hikes in the near term.The Federal Reserve last week raised its benchmark rate by 25 basis points to 3.75%-4.00% and signalled that another increase could come before year-end. Richmond Fed President Tom Barkin and Boston Fed President Susan Collins on Tuesday backed last week’s rate hike, citing concerns over persistent inflation.Futures markets now imply a 54% chance of another Fed hike in October, with around 33 basis points of tightening priced in by year-end.. 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 firmed against the yen on Wednesday as hawkish comments from Federal Reserve officials reinforced expectations for further interest-rate hikes, supporting the greenback. Investors are increasingly anticipating additional tightening from major central banks, with Fed officials signalling the possibility of more hikes if inflation remains elevated. Attention remained on Tokyo’s willingness to intervene if yen weakness intensifies. Japan’s markets were closed for a holiday on Wednesday, leaving trading conditions thinner and potentially amplifying currency moves. Analysts said the reduced liquidity could also provide an opportunity for authorities to step in if needed. 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 gained slightly on Wednesday as easing oil prices lifted market sentiment, while stronger-than-expected business activity data indicated that euro zone growth accelerated this month.
UK's benchmark FTSE 100 was up by 0.02 percent, Germany's Dax was down by 0.65 percent, France’s CAC was down by 0.32 percent.
Commodities Recap
Gold prices fell in range-bound trading on Wednesday as a stronger dollar and hawkish comments from Federal Reserve officials reinforced expectations for tighter monetary policy
Spot gold fell 0.9% to $4,314.37 per ounce, as of 1207 GMT. US gold futures for December delivery were down 0.6% at $4,350.80.
Oil prices held near their lowest level in more than two weeks on Wednesday as improving Gulf crude supplies weighed on the market, while record-high diesel refining margins provided some support amid potential restrictions on U.S. diesel exports.
Brent crude futures rose $1.33, or 1.34%, to $100.58 a barrel by 1303 GMT while West Texas Intermediate futures gained 65 cents, or 0.72%, to $91.17.
