FxWirePro: AUD/USD gains modestly as Geopolitical risks keep markets cautious 
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Market Roundup
•German CPI (MoM) (Aug) 0.2%, 0.2% forecast, 0.8% previous
•German CPI (YoY) (Aug) 2.9%, 2.9% forecast, 2.8% previous
•German HICP (MoM) (Aug) 0.2%, 0.2% forecast, 0.9% previous
•German HICP (YoY) (Aug) 2.9%, 2.9% forecast, 2.8% previous
•ECB Deposit Facility Rate (Sep) 2.50%, 2.50% forecast, 2.25% previous
•ECB Interest Rate Decision (Sep) 2.65%, 2.65% forecast, 2.40% previous
•ECB Marginal Lending Facility 2.90%, 2.65% previous
•US Initial Jobless Claims 206K, 205K forecast, 207K previous
•US Core PPI (MoM) (Aug) 0.2%, 0.3% forecast, 0.3% previous
•US Continuing Jobless Claims 1,774K, 1,780K forecast, 1,775K previous
•US PPI (YoY) (Aug) 5.4%, 5.3% forecast, 4.8% previous
•US PPI ex. Food/Energy/Transport (MoM) (Aug) 0.3%, 0.4% previous
•US PPI ex. Food/Energy/Transport (YoY) (Aug) 4.7%, 4.7% previous
•US Core PPI (YoY) (Aug) 4.6%, 4.6% forecast, 4.3% previous
•US Jobless Claims 4-Week Avg. 206.00K, 207.50K previous
Looking Ahead Economic Data (GMT)
•15:30 US Atlanta Fed GDPNow (Q3) 4.7% forecast, 4.7% previous
•15:30 US 4-Week Bill Auction 3.700%
•15:30 US 8-Week Bill Auction 3.750%
•15:30 US Crude Oil Inventories -1.400M forecast, -4.450M previous
•16:00 US Cushing Crude Oil Inventories 0.080M previous
•16:00 US Gasoline Production 0.073M previous
Looking Ahead Events And Other Releases (GMT)
• No Data Ahead
Currency Forecast
EUR/USD : The euro dipped against the U.S. dollar on Thursday after the European Central Bank delivered an expected rate increase. The ECB raised interest rates by 25 basis points to 2.5% on Thursday, its second increase this year, as policymakers sought to ensure a rise in energy prices stemming from the U.S.-Israeli war on Iran does not spread through the euro zone economy.The central bank also lifted its 2026 economic growth projection to 0.9% from 0.8% seen in June and now sees inflation averaging 3% this year. ECB President Christine Lagarde said in a post-meeting press conference that "risks to the inflation outlook are to the upside," and that price pressures couldremain above the target for an extended period.Immediate resistance can be seen at 1.1641(38.2%fib), an upside break can trigger rise towards 1.1677(Aug 28th high).On the downside, immediate support is seen at 1.1612(Daily low), a break below could take the pair towards 1.1585(38.2%fib).
GBP/USD: The British pound edged higher against the U.S. dollar on Thursday as oil prices continued to fuel inflation worries in a week packed with economic data.The U.S. producer price index data is due at 1230 GMT, and consumer inflation figures are scheduled for release on Friday.The U.S. Fed will hold its interest rate steady at its September 15-16 meeting and for the rest of this year, again defying market expectations for a series of hikes, according to a majority of economists in a Reuters poll.The CME FedWatch Tool showed markets pricing in a 60% chance of a U.S. rate increase this month. Meanwhile, Bank of England is not expected to raise rates next week. Markets have priced in only two increases between now and March, a path many analysts view as too aggressive, particularly after Governor Andrew Bailey pushed back against such expectations. Immediate resistance can be seen at 1.3556(SMA 20 ), an upside break can trigger rise towards 1.3655(23.6%fib).On the downside, immediate support is seen at 1.3535(38.2%fib), a break below could take the pair towards1.3483(Sep 2nd low).
AUD/USD: The Australian dipped on Thursday as dollar firmed after producer prices data for August raised expectations of an interest rate hike this month. U.S. producer prices increased in line with expectations in August amid a rebound in the cost of energy products.The Producer Price Index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor Department's Bureau of Labor Statistics said on Thursday.Economists polled by Reuters had forecast the PPI increasing 0.4% after a previously unchanged reading in July. In the 12 months through August, the PPI advanced 5.4%. That followed a 4.8% rise in July. Energy prices increased 4.2% over the month as renewed hostilities between the United States and Iran boosted oil prices. Energy prices had declined for two straight months. Wholesale food prices edged up 0.1% after dropping 0.9% in July. Immediate resistance can be seen at 0.7244(23.6%fib), an upside break can trigger rise towards 0.7268(Higher BB).On the downside, immediate support is seen at 0.7161 (Daily low), a break below could take the pair towards 07141(38.2%fib)
USD /JPY :The U.S. dollar edged higher on Thursday as investors digested US producer price index data. Echoing that costs were on the rise, a Labor Department report showed that the Producer Price Index (PPI) rose 5.4% in August on an annualized basis, a touch higher than the 5.3% economists polled by Reuters had expected.Although the PPI report typically gets less attention than the Consumer Price Index, which will be published on Friday, all economic indicators are under greater scrutiny ever since the central bank stopped issuing guidance on monetary policy. Immediate resistance can be seen at 154.04(Daily high), an upside break can trigger rise towards 155.10(38.2%fib).On the downside, immediate support is seen at 152.95(Daily low) a break below could take the pair towards 152.00 (Psychological level).
Equities Recap
European shares fell to near two-month lows on Thursday after European Central Bank increased borrowing costs and warned of higher inflation due to war-driven energy shock.
UK's benchmark FTSE 100 was down by 0.60 percent, Germany's Dax was down by 0.65 percent, France’s CAC was down by 0.49 percent.
Commodities Recap
Gold prices dropped over 1% on Thursday after robust U.S. inflation data and rising oil prices increased bets for a Federal Reserve rate hike next week.
Spot gold slipped 1.2% to $4,349.32 per ounce by 9:24 a.m. EDT (1324 GMT), while U.S. gold futures fell 1.6% to $4,391.30.
Oil prices jumped 4% on Thursday, with Brent crude rising above $105 a barrel, as the biggest escalation in attacks on commercial shipping since the Iran war began intensified fears of further supply disruptions.
Brent crude futures were up $4.05, or 4%, at $105.26 a barrel by 1215 GMT. U.S. oil topped $100 a barrel for the first time since May as West Texas Intermediate crude futures rose $3.99, or 4.15%, to $100.04.
