Coming up on Tuesday, September 23, 2025:0900 US Eastern time/1300 GMT Federal Reserve Vice Chair for Supervision Michelle Bowman speaks on the economic outlook before the 134th Annual Kentucky Bankers Association Convention. 1000 US Eastern time/1400 GMT: Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a Macro Musings podcast live recording, in Atlanta. Ga. 1235 US Eastern time/1635 GMT: Federal Reserve Chair Jerome Powell speaks on the economic outlook before the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon.Powell is expected to lead the Federal Open Market Committee (FOMC) to additional rate cuts this yeara chief concern is stopping unemployment rising much further.Powell said the rate cut last week was “risk management”note that inflation has drifted higher and moved further above the Fed’s 2% target This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

The Euro has retraced previous losses against the British Pound during the European Morning session on Monday. The Pair bounced at 0.8710 to return above 0.8720 yet still within the upper area of Friday’s trading range. Source: fxstreet.com (Read Full Article)

Federal Reserve Chair Powell is speaking on TuesdayBank of Canada Governor Macklem is speaking on TuesdayJapanese PM contender Koizumi says must be mindful of need for fiscal discipline … butJamie Dimon: Tariffs modestly inflationary, a mild recession risk for U.S. economyPBOC sets USD/ CNY central rate at 7.1057 (vs. estimate at 7.1066)China tells brokerages to pause RWA tokenisation in Hong Kong amid asset frenzyICYMI: Around 20% of international manufacturers have exited the U.S. in the past year.The new Governor of the Reserve Bank of New Zealand will be announced Wednesday NZ timeCitadel warns S&P 500 enters historically weakest week, despite strong Monday rallyNomura upbeat on Japan equities into 2026, backs governance reforms. Is IT overweight.All three Australian preliminary PMIs declined in September.Germany’s tax revenues rise 2% in August, but ministry sees no quick economic reboundNew Zealand to announce the new RBNZ governor as soon as WednesdayICYMI – Goldman Sachs forecasts S&P 500 target as high as 7200Piper Sandler hikes Tesla target to $500, says its AI edge remains a differentiatorCommerzbank: Dollar could weaken if Trump wins Supreme Court case to oust Fed’s Lisa CookSouth Korea’s PPI has fallen for the first time in three months – no Tylenol for you!Agriculture-tech company switches to bitcoin mining, hopes to last many ScaramuccisinvestingLive Americas market news wrap: Fed officials stake out the hawkish groundIt was a subdued session in Asia as traders looked ahead to Federal Reserve Chair Jerome Powell’s speech on Tuesday U.S. time. Major FX pairs traded in narrow ranges. Powell, who oversaw last week’s 25bp Fed rate cut, is expected to signal further easing before year-end.Regional news and data were light. Japanese markets were closed for a holiday. Chinese equities dipped. In Japan, the leadership race to succeed outgoing Prime Minister Shigeru Ishiba drew fresh comments from top contenders Sanae Takaichi and Shinjiro Koizumi.Takaichi, known for her support of aggressive fiscal and monetary stimulus, said extra tax revenues should be used to ease the rising cost of living, adding that bond issuance may be needed if necessary. Koizumi, by contrast, stressed fiscal discipline, arguing that new spending should be funded by higher revenues and cuts to wasteful outlays. “Sound fiscal policy rests on solid economic growth,” he said.The Liberal Democratic Party will hold its leadership ballot on October 4. Asia-Pac stocks:Japan (Nikkei 225) closed todayHong Kong (Hang Seng) -0.9%Shanghai Composite +0.5%Australia (S&P/ASX 200) -1% This article was written by Eamonn Sheridan at investinglive.com. Source: investinglive.com (Read Full Article)

The Federal Reserve (Fed) decided to cut the policy rate by 25 basis-points (bps) to the range of 4%-4.25% following the September policy meeting, as widely anticipated. Source: fxstreet.com (Read Full Article)

The Pound Sterling (GBP) witnessed an eventful and volatile week against the US Dollar (USD) as markets weighed monetary policy decisions by the US Federal Reserve (Fed) and the Bank of England (BoE). Source: fxstreet.com (Read Full Article)

There is just one to take note of on the day, as highlighted in bold below.That being for EUR/USD at the 1.1800 level. It’s not a major one but big enough that it could attract some interest i.e. price magnet, especially with the pair continuing to float around after the drop last week. PMI data will be a focus point in the day ahead though, so keep an eye out for that. But more likely than not, it is the US one that will be more impactful.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)

The dollar fell back a little in trading yesterday, though major currencies in general aren’t up to much to start the new week. The mood music as we look to the European session is somewhat the same, one that is more tepid and tentative overall. The dollar is steadier for now though EUR/USD is back up near 1.1800 while USD/JPY retreated after nearing a test of its 200-day moving average, now at 147.80 levels.In the equities space, the mood music is more tepid as well so far today with US futures lightly changed. That comes after Wall Street once again continues to run higher, though the bids tend to only come when we get to US trading. So, that’s not giving much to work with for now.Looking to European trading today, we do have PMI data to keep things interesting. The numbers should reaffirm more stagnant growth and business conditions since August, so that won’t give the ECB much reason to get of their seats. No more rate cuts are expected by year-end and the data today should just reaffirm that sentiment.If anything else, the only action we might get on the session again will be in the likes of gold after the scale higher above $3,700 yesterday. That before we get to US PMI data and then Fed chair Powell’s speech later in the day. As a reminder, the entire week is going to be flooded with Fedspeak as noted here. This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)

With the Swedish Krona (SEK) moving without a clear trend against the Euro (EUR) on Monday, all eyes are now on the Riksbank’s monetary policy decision scheduled for Tuesday at 07:30 GMT. Source: fxstreet.com (Read Full Article)

Barring a major hiccup in the coming week, gold looks set to wrap up September trading with one of its best months since the breakout rally in 2024. And mind you, September typically isn’t a great seasonal month for gold. After having slumped for seven Septembers in a row, gold is now poised for back-to-back September gains (2024-25) for the first time since 2009-10.If anything, that speaks to the unrelenting momentum in the precious metal since the rally kick started last year. And even now at fresh record highs, it’s tough to argue against a further advance in gold.The fundamental factors that have driven the upside run since last year are not only still very much intact, but have arguably grown in conviction over the past year.The Fed has finally gotten around to easing policy and with flagging US economic conditions, may have to stick on that path going into next year. Usually once the Fed starts cutting rates, they don’t stop midway. So, there’s that to keep in mind.Then, you have the other usual suspects in play. That being demand for gold amid geopolitical tensions, global political uncertainty, and just a general inflation hedge as not everyone is convinced that prices are coming down.Then, there’s Trump amplifying all of that with a trade war and administrative policy incoherence over the past six months or so. That promotes a step away from the dollar (although TIC data seems to counter that argument), with central banks globally also steadily increasing their gold holdings – especially China.Adding to that is the whole investor argument that ETF holdings have not been following the buying appetite in gold and that there are more bids set to flow in over time.These bullish factors have been in place for a long while now and are still very much intact when you look at gold now. After the 27% gains last year, gold is now up around 43% this year already. That’s quite something.I’m a gold bull through and through but even I have to say that we might be overdue for a retracement/pullback some time. Then again, I’ve been thinking that as well since last year while continuing to scale in on every decently attractive opportunity.But looking to the months ahead, it might present an interesting conundrum for gold traders. The December to January months is typically the strongest seasonal period for gold. Will we see some profit-taking and cooling off before that? Or will we get a repeat of 2024 where gold instead actually cooled during those months before running up after? This article was written by Justin Low at investinglive.com. Source: investinglive.com (Read Full Article)

EUR/USD has attracted some buyers to snap a three-day losing streak on Monday. The pair is trading at 1.1765 at the time of writing after bouncing from 1.1730 lows. The pair has broken a three-day losing streak as the US Dollar retreated ahead of a slew of Fed speakers. Source: fxstreet.com (Read Full Article)