Prior €7.0 billionThe breakdown and the year-to-date showing are as per the following: This article was written by Justin Low at investinglive.com.

There are also upside risks to inflation.We've brought rates into neutral territory.We remain in a good place.Vigilance essential despite inflation progress.Monetary policy must remain nimble.He's just reaffirming that the ECB is done with rate cuts and they will need significant reasons to cut further. Small deviations from the target won't do it. The market is pricing just 4 bps of easing by year-end and a total of 11 bps by the end of 2026. So, the market is currently in line with the ECB stance. This article was written by Giuseppe Dellamotta at investinglive.com.

China to further probe Nvidia for violating anti-monopoly lawChina launched an antitrust investigation on Nvidia back in December 2024 for suspected violations of the anti-monopoly law. The investigation was seen as retaliation against US chip curbs. China's market regulator said in a statement that they will continue the investigation.Nvidia shares are roughly 2% lower in pre-market trading.Full article here This article was written by Giuseppe Dellamotta at investinglive.com.

Domestic sight deposits CHF 441.7 bn vs CHF 442.0 bn priorThat marks a slight drop in sight deposits in the past week but nothing out of the ordinary from the trend in recent weeks. This article was written by Justin Low at investinglive.com.

Busy week ahead in terms of economic events, though Monday starts off quietly with only the U.S. empire state manufacturing index on the calendar being notable. On Tuesday, the U.K. will release the average earnings index 3m/y, the claimant count change, and the unemployment rate. Canada’s highlight will be inflation data, while the U.S. will publish retail sales m/m. Wednesday brings U.K. inflation data, followed by the BoC monetary policy announcement and the highly anticipated FOMC meeting. On Thursday, New Zealand will release GDP q/q, and Australia will publish its employment change and the unemployment rate figures. The BoE will hold its monetary policy meeting, while in the U.S. we’ll get unemployment claims and the Philly Fed manufacturing index. Finally, Friday features the BoJ monetary policy announcement along with retail sales m/m data from the U.K. and Canada. In the U.S., the consensus for retail sales m/m is 0.2% vs prior 0.5%, and for core retail sales m/m is 0.4% vs prior 0.3%. The latest retail sales report highlights the resilience of U.S. consumers, with gains driven by stronger auto sales and steady demand for clothing, sporting goods, and online shopping. However, spending on home improvement and restaurants lagged, reflecting continued softness in housing and discretionary services. For August, sales are expected to moderate, with headline growth slowing to 0.4% and sales excluding autos rising 0.5%. While consumers still have spending power, headwinds from weaker sentiment, sticky inflation expectations and a cooling labor market suggest the pace of consumption is likely to slow over the rest of the year, analysts from Wells Fargo said. For the BoC meeting, analysts are divided on whether the Bank will deliver a rate cut. Markets lean toward another cut, but recent data suggest policymakers may hold steady. Inflation figures, released the day before, will be crucial. Headline CPI is expected to rise from 1.7% to 2.1%, while core measures are likely to stay near 3%, the upper end of the BoC’s target. Canada’s economy contracted 1.6% in Q2, almost exactly in line with BoC expectations, driven by weaker trade and a slowdown in manufacturing. Early Q3 indicators look more stable, with export volumes leveling off and July manufacturing sales up 1.8%. Job losses have been concentrated in trade-sensitive sectors, while the broader labor market has remained relatively steady. The data leaves the door open for a rate cut, but sticky inflation and resilient household demand could persuade the BoC to keep rates on hold. However, if core inflation surprises to the downside, a cut this week becomes more likely. At this week’s meeting, the Fed is expected to resume rate cuts, lowering the fed funds rate to a target range of 4.00%–4.25%. This would align with the March and June Summary of Economic Projections, which signaled easing this year despite firmer inflation expectations. As a reminder, the Fed kept rates on hold at recent meetings, emphasizing that inflation remained elevated while labor market conditions were relatively stable. Inflation is still the sticking point with core PCE running about one percentage point above target and tariff-driven goods inflation offsetting softer services prices. The Fed’s updated projections are likely to remain cautious on inflation but tilt more dovish on growth and employment. The September dot plot is expected to show 75 bps of cuts penciled in for 2025, up from 50 bps in June, with the longer-run rate outlook unchanged, according to Wells Fargo analysts. Looking ahead, the Committee will likely stress that September’s cut is not the start of an automatic easing cycle, keeping policy decisions data-dependent. In New Zealand, the consensus for GDP q/q is -0.3% vs prior 0.8%, although Westpac analysts forecast a 0.4% contraction. According to them, the decline is largely technical, driven by seasonal quirks in GDP calculation rather than a genuine downturn. The seasonal effect is subtracting about 0.5 percentage points from the June-quarter growth, while typically adding a similar boost to December-quarter results. Excluding that distortion, the picture looks more nuanced. Growth momentum has eased compared to the strong start of the year, with mixed signals across sectors pointing to a softer underlying trend. For Australian employment, Westpac forecasts a 15k increase for August, softer than the market’s 22k expectation. July data confirmed that the labour market is slipping back into a gradual cooling phase, similar to what occurred a year ago. Job growth over the past three months has slowed to 2% y/y. While still solid, the trend is weakening as the care economy eases from its earlier rapid pace, though weakness in the market sector appears to be stabilizing. A 15k gain this month would likely keep the employment-to-population ratio steady at around 64.2%, suggesting little change in overall labour market tightness despite slower hiring. Australia’s unemployment rate held at 4.2% in July, following a temporary spike in June that Westpac analysts attribute largely to volatility in the youth labour segment. The rate continues to show a gradual upward drift from last year’s low of around 4.0%. Participation remained steady at 67.0%, indicating the labour market is still relatively tight. Looking ahead, the unemployment rate is expected to edge up to 4.3% in August. Analysts are also closely monitoring underemployment, which shows signs of improvement even as the headline unemployment rate ticks higher. At this week’s meeting, the BoE is expected to keep rates unchanged, consistent with its pattern of quarterly adjustments. Markets will focus on any hints about future policy, though forward guidance is likely to remain cautious, signaling that interest rates are edging closer to neutral. Ahead of the meeting, labor market and inflation data will set the tone. The jobs market remains a key uncertainty. Payrolls will be watched for further signs of weakness, though recent surveys suggest the worst may have passed. Wage growth data will also be critical, with any slowdown likely to shape the Bank’s outlook. Inflation is expected to show food prices rising above 5%, while services inflation may ease slightly. These prints are unlikely to alter the BoE’s expected rate-cut path, with a November reduction still favored unless there’s a major upside surprise, analysts at ING said. The BoJ is widely expected to keep rates unchanged at 0.50% at this week’s meeting. The economic backdrop, characterized by tight labor markets, rising wages, and steady GDP growth, still argues for higher rates, but recent political developments are likely keeping policymakers cautious. Prime Minister Ishiba’s resignation and the upcoming LDP leadership contest in early October have introduced a period of uncertainty that may weigh on BoJ decisions. As a result, the timeline for the next rate hike has been pushed back from October to early 2026. The future policy path could also hinge on whether the new leadership adopts more expansive fiscal measures. Meanwhile, updated inflation data for August will be closely watched, especially for any upside surprises after three months of slowing price growth. For now, the BoJ is expected to remain on the sidelines, with rate hikes likely resuming in January 2026 and the policy rate rising toward 0.75%, Wells Fargo analysts said. This article was written by Gina Constantin at investinglive.com.

Eurostoxx +0.4%Germany DAX +0.3%France CAC 40 +0.4%UK FTSE -0.1%Spain IBEX +0.4%Italy FTSE MIB +0.6%Regional stocks will be looking to carry on the momentum from last week, hoping for a continued bounce after a slow start to September. US futures are also marginally up by 0.1% as we get things going on the session here. But in the context of this week, it's all going to rest in the hands of the Fed. This article was written by Justin Low at investinglive.com.

Bessent: Trump has great respect for XiBessent: Chinese counterparts have an ‘aggressive ask'Bessent: We are not willing to sacrifice national securityUS Trade Representative Greer: We are close to resolving the TikTok issue with ChinaUS Trade Representative Greer: We want to maintain a good relationship with our Chinese counterpartsBessent: If no TikTok agreement, it won't affect overall relationsThe US and Chinese representatives are in Madrid for trade talks at the moment. Tariffs and TikTok are on the agenda. As a reminder, the tariffs truce between the US and China expires on November 10, so we will likely get more such "trade talks". If they fail, there are high chances that the deadline will just be extended once again.Regarding TikTok, the social media app is facing the possibility of a ban in the US, although Trump delayed the ban several times already. The deadline is for Wednesday but it's highly likely that it will be extended again. This article was written by Giuseppe Dellamotta at investinglive.com.

Fundamental OverviewThe USD came under renewed pressure last Thursday following an in-line US CPI report and surprisingly weak initial jobless claims. The jobless claims data stole the show as initial claims jumped to a new cycle high and the highest level since 2021. On further analysis, the claims data might have been just a blip as it was negatively skewed by an unusually large spike in Texas. Nevertheless, the data kept the weakening labour market narrative intact and therefore solidified the expectations for three rate cuts by year-end. Overall, if one zooms out, the US dollar has been mostly rangebound even though the dovish bets on the Fed kept weighing on the currency. Part of that could be the fact that the bearish positioning on the dollar could be overstretched and we might be at the peak of the dovish pricing. In fact, if the rate cuts trigger stronger economic activity in the next months, the rate cuts in 2026 could be priced out and support the dollar. Nevertheless, the trend is still skewed to the downside, and we might need strong data to reverse it.On the JPY side, we haven’t got meaningful changes in the fundamentals. The yen has been rallying mostly on the back of the dovish expectations for the Fed. For more JPY appreciation we will need weak US data to increase the dovish bets on the Fed or a series of higher inflation figures for Japan to price in more rate hikes than currently expected. On Friday, we have the BoJ policy decision where the central bank is expected to keep interest rates unchanged. The focus will be on forward guidance and whether the central bank will hint to an imminent rate hike or signals more than the two rate hikes priced in by the market by the end of 2026. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY remains stuck in the same old range as market participants are now waiting for the FOMC and BoJ decisions to try to break free. If the price drops to the major trendline, we can expect the buyers to step in with a defined risk below the trendline to position for a rally into the 151.00 handle. The sellers, on the other hand, will look for a break lower to extend the drop into the 140.00 handle next. USDJPY Technical Analysis – 4 hour TimeframeOn the 4 hour chart, we can see more clearly the rangebound price action that has been going on since the beginning of August. Despite all the dovish catalysts we got for the US dollar, the pair couldn’t break free. Traders will likely continue to play the range by buying at support and selling at resistance until we get a breakout on either side.USDJPY Technical Analysis – 1 hour TimeframeOn the 1 hour chart, there’s not much we can glean from this timeframe as the choppy price action in the middle of the range doesn’t give clear levels where to lean onto. On an intraday basis, the break above the 147.77 swing level could see the buyers extending the momentum into the 148.50 resistance. The red lines define the average daily range for today.Upcoming CatalystsTomorrow we get the US Retail Sales data. On Wednesday, we have the FOMC policy announcement. On Thursday, we get the lates US Jobless Claims figures. On Friday, we conclude the week with the Japanese CPI and the BoJ policy decision. Keep also an eye on WSJ’s Timiraos as he could signal a 50 bps cut in his Fed preview.Watch the video below This article was written by Giuseppe Dellamotta at investinglive.com.

As we get into the new week, major central bank decisions will be in the spotlight but none that will stand out more than the Fed. As such, that is likely to keep traders and investors more guarded in the next few days until we get to the FOMC meeting decision.So far today, things are quieter as the market mood looks relatively muted and tentative. Major currencies are not doing much, with dollar pairs holding within less than 15 pips change to one another so far today. The under 20 pips range for EUR/USD exemplifies the kind of mood we're seeing as we look to the session ahead.Given that market players will be waiting on the Fed, we can expect more of this kind of tentative mood over the next two days at least. There is no rush to chase anything until we wait to hear on whether the Fed will reaffirm dovish market expectations or surprise with a slightly more hawkish undertone.Elsewhere, equities are keeping steadier after a more muted end to trading last week. European futures are up a little with US futures marginally higher by 0.1%. With a big focus on the Fed, the bond market also isn't likely to make any plays in the meantime. And in the commodities space, gold is just hovering around the highs above $3,600 as it also awaits its fate on the Fed decision this week. This article was written by Justin Low at investinglive.com.

Bitcoin Futures Analysis for Today with tradeCompass (September 15, 2025)Bullish above (conditional): 116,150 (after first touching 115,590) Bearish below: 115,355 Primary Bias: Conditional long setup; cautious on shorts Partial Targets (bulls): 116,400 · 116,700 (POC) · 116,995 · 119,470 · 121,450 Partial Targets (bears): 115,120 · 114,070 · 113,770 · 113,555 · 112,910 · 111,100Bitcoin Market Context TodayAt the time of this analysis, Bitcoin futures (BTC) are trading at 116,995. Price came within a hair of Friday’s high at 117,320, printing today’s peak at 117,240. This double-test of resistance signals that a pullback could be on the table before momentum resumes.This backdrop leads tradeCompass to a conditional long scenario: the bullish case only activates if price first tests 115,590 (just above today’s Value Area Low) and then climbs back through 116,150, which coincides with Friday’s VWAP. That confirmation would mark bulls back in control.Beyond the intraday setup, the broader conversation around Bitcoin continues to draw traditional finance deeper into crypto. As noted in the Wall Street Journal: "Buffett Devotee Is Plowing Billions Into Crypto", Capital Group’s Mark Casey has spearheaded a $6 billion push into bitcoin-related firms, calling the asset a superior store of value to gold. His stance underscores how institutional flows and long-term conviction remain key drivers behind Bitcoin’s resilience, even as traders navigate the short-term thresholds mapped out in today’s tradeCompass.Bullish Trade Plan for Bitcoin FuturesIf conditions are met (touch VAL then reclaim 116,150):First checkpoint at 116,400, where traders can start locking partial profits.Follow-through toward 116,700, aligning with today’s Point of Control.Next milestone at 116,995, the current session level and top of the recent range.Extended swing target at 119,470, just below the August 15 Value Area High.Final stretch target for runners: 121,450, the August 14 Value Area High.Reminder: After the 2nd profit target (TP2) is reached, move the stop to entry (breakeven) to protect gains and manage the runner.Bearish Trade Plan for Bitcoin FuturesBears take control only if price breaks 115,355:First reaction level at 115,120 (just above the September 12 VAL). Given the sensitivity, stops should be tightened quickly. If price rebounds to 115,750 before TP2, consider exiting.Further downside points: 114,070 (Sept 10 POC) and 113,770 (Sept 10 VWAP).Deeper magnets: 113,555 (Aug 28 POC) and 112,910 (early September liquidity pool).Ambitious bearish target: 111,100, a major liquidity pocket spanning Sept 2–9.tradeCompass PhilosophyEach tradeCompass session allows only one long and one short attempt. If a short fails, the next valid activation would be on the long side, and vice versa. This avoids overtrading and keeps discipline sharp.Educational Note: Profit-Taking LogicTaking profits at logical levels like VWAP, POC, and prior value area boundaries is not just about booking gains — it’s about reducing exposure as price tests known liquidity magnets. By scaling out step by step, traders protect capital while leaving room for extended moves when they happen.Risk Management ReminderPlace stops close to your activation threshold with a small buffer, never beyond the opposite threshold.After partial profits, move stops to protect gains.Trade at your own risk: futures and crypto markets are highly volatile, and this analysis is for decision support only — not financial advice. Visit investingLive.com (formerly ForexLive.com) for additional views. This article was written by Itai Levitan at investinglive.com.

Credit Agricole notes that the Fed is well expected to cut interest rates by 25 bps this week but warns that there may be a hawkish spin to it. On the move, the firm argues that the Fed could place focus on the risk of sticky inflation and still-firm labor market conditions, limiting scope for further near-term cuts.As such, a more hawkish interpretation could force a reassessment of the recently more dovish Fed expectations and halt convergence of Fed policy with other major central banks. In turn, that should provide some near-term support for the US dollar.Building on the dollar argument, Credit Argicole says that the greenback has softened in large parts due to fears over its reserve currency status. However, they note that these concerns are now starting to ease and that the dollar should stabilise in the months ahead. And by the time we reach 2026, the firm sees scope for a broad dollar recovery as "rate differentials and fundamentals align". This article was written by Justin Low at investinglive.com.

In the European session, the only highlight is ECB's Schnabel speech. She has a neutral/hawkish stance and has already said that rates are already mildly accomodative and the risks to inflation are to the upside. She also noted that rate hikes could come earlier than people think. Therefore, don't expect anything new from her.In the American session, we have a couple of low tier and volatile data like the Canadian manufacturing sales and the NY Empire Manufacturing PMI. They won't change anything in terms of market pricing and most likely will be ignored. We have also ECB's President Lagarde speaking later in the evening but again she's not going to offer anything new given that she already said everything at the monetary policy press conference last Thursday. Finally, keep an eye on WSJ's Timiraos who generally writes an article on the Fed before Wednesday's decision. Mentions of a 50 bps cut being considered by the FOMC will likely raise the probabilities for the larger move. This article was written by Giuseppe Dellamotta at investinglive.com.

S&P 500 Futures Analysis for Today with tradeCompass (September 15, 2025)Bullish above: 6,605.5 Bearish below: 6,595 Primary Bias: Wait for sustained confirmation Partial Targets (bears): 6,592.5 · 6,590 · 6,587.5 Partial Targets (bulls): 6,610.75 · 6,627S&P 500 Market Today: Fed Week Backdrop & Current LevelsAs Fed Week begins, cross-asset signals are mixed yet focused. In commodities, gold is holding steady as traders wait for Powell’s tone, suggesting a defensive bid in haven assets and a sensitivity to policy nuance (gold stays poised ahead of the Fed). That dovetails with the broader policy watch framing the week, where the market is primed for guidance on growth, inflation, and the path of rates (welcome to Fed Week).Risk appetite isn’t one-sided: crypto flows remain in the headlines, hinting at selective risk-on behavior even as policy uncertainty lingers (Buffett-style investor plows billions into crypto). Offsetting that, macro clouds from China—with officials warning the external environment is “very severe”—keep a lid on exuberance and reinforce a cautious global backdrop (China stats bureau flags challenges).Against this backdrop, S&P 500 futures (ES) trade at 6,595.75 (+7.50, +0.11%). Day’s range: 6,585.25–6,596.50. 52-week range: 4,832.00–6,606.00. The nearby 6,600 round number and Friday’s high at 6,606 may act as magnets before any decisive move.S&P 500 Futures Directional Bias (tradeCompass)Price sits on the bearish threshold at 6,595. Per tradeCompass, treat shorts as active only after a sustained stay below this level (e.g., a timeframe-appropriate close or your preferred confirmation). For the upside, bullish momentum requires confirmation above 6,605.5, acknowledging the tight cluster with 6,600/6,606 that can induce whipsaws. Use the compass: if price hovers near a threshold but fails to sustain, that often argues for the opposite side; sustained breaks activate the roadmaps below.S&P 500 Futures: Key Levels & Profit TargetsBearish roadmap (after sustained break below 6,595) 6,592.5 – quick scalp zone just above the Sep 11 POC. 6,590 – next junction; once tagged, move stop to entry for the remainder. 6,587.5 – confluence with today’s VAL and Friday’s VAL. 6,579.25 – just above Sep 11 VWAP, a typical liquidity marker. 6,575 – aligned with Sep 11 VAL. 6,555 – swing target near prior acceptance. 6,519 – extended swing target from Sep 11 key levels.Bullish roadmap (after sustained break above 6,605.5) 6,610.75 – first upside magnet. 6,627 – continuation resistance on extension.Education: Value Area in S&P 500 AnalysisThe value area marks where roughly 70% of a session’s volume transacted. Its boundaries—VAH and VAL—frame prior balance. When price accepts above or below those bounds (not just a quick poke), it often signals a shift to a new area of agreement. Today’s VAL-on-VAL overlap (today and Friday) strengthens that band: losing it can accelerate directional flow.Trade Management for S&P 500 Futures (ES)One trade per direction per tradeCompass to avoid overtrading.After TP2 is reached, move the stop to entry (breakeven) to protect gains and manage the runner. In today's tradeCompass, there is an exception and you move the stop to the entry, if and after, reaching the 1st profit target ("TP1").Stop rule: set your stop just beyond your activation threshold with a small buffer—never beyond the opposite threshold, because a breach there invalidates the setup.Choose confirmations that fit your style (e.g., 15-min hold, candle close, or your indicator set).DisclaimerThis is decision-support, not investment advice. Futures involve substantial risk. Trade responsibly and align position size and stops with your plan. Visit investingLive.com for additional views. This article was written by Itai Levitan at investinglive.com.

German DAX futures +0.3%UK FTSE futures flatEuropean equities will be hoping to keep the bounce from last week going but the risk mood this week will ride on the Fed for the most part. US futures are steadier, holding marginal gains as well after the flattish showing on Friday. S&P 500 futures are up 0.1% as we look to begin European trading in just a bit. This article was written by Justin Low at investinglive.com.

Wholesale price index +0.7% y/yPrior +0.5%Despite some further moderation in wholesale prices in the past month, the overall level is still sitting comfortably above what it was the same month a year ago. Adding to that, the index currently (116.9) is also keeping above the annual average for last year (116.4). The main reason cited by Destatis is the increase in prices for food, beverages, and tobacco products (+4.2% compared to August 2024). This article was written by Justin Low at investinglive.com.

Can the gold bugs make it five in a row this week? That will hinge on the Fed decision of course. Powell & co. will be the decisive factor in impacting broader market sentiment in trading this week and gold will be no exception.Buyers made a play in a breakout of the consolidation range since the end of May, pushing price above $3,500. Since then, the upside momentum has stalled a little last week as we await the Fed this week. And in the run up to the FOMC meeting, we are likely to see more waiting and meandering in prices around the top of the range here.As mentioned numerous times already, gold currently has a multitude of factors working in its favour. And the Fed looking to ease sooner than anticipated is just another tailwind to add to that. So, a more dovish communique this week would not only weaken the dollar but keep gold underpinned in defying the September seasonal play.But even if the Fed does try and keep markets guessing on October and December, the bigger picture for gold is largely supportive. And amid any technical corrections or pullbacks, the play is still very much to be buying on dips.With US economic data softening and the dollar still facing an identity crisis amid the policy incoherence from the US administration, there's still strong conviction to be staying long in gold especially with central banks globally also continuing to step up purchases in the precious metal. This article was written by Justin Low at investinglive.com.

There is arguably just one to take note of on the board for the day, as highlighted in bold below.That being a large one for EUR/USD at the 1.1690 mark. It isn't one that ties much to any technical significance, but alongside some near-term support close to 1.1700 it could at least limit any downside extensions in the session ahead. But otherwise, I don't see much of any impact from the expiries above with the dollar still keeping more tepid since last week.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.

The Fed will be hogging the spotlight in trading this week but just be aware that there will also be a couple of other major central bank meetings taking place as well. They won't nearly be as exciting and anticipated as the Fed of course though. As things stand, markets are all waiting with bated breath to see what the Fed will do this week but more importantly how they want to communicate and position themselves for the upcoming decisions in October and December.Looking at Fed funds futures, traders have fully priced in a 25 bps rate cut for this week with just 4% odds of a 50 bps rate cut. By year-end, traders are pricing in ~69 bps of rate cuts for now.So, therein lies the risks to any dovish/hawkish communication from the Fed accompanying the rate cut this week.The Fed decision is going to be the biggest item on the agenda, with it set to impact yields, risk sentiment, the dollar reaction, and broader market mood in the likes of gold especially.However, just keep in mind that there will be other major central banks also on the economic calendar. Of note, the BOC will be meeting on Wednesday as well and are poised to cut the overnight rate by 25 bps to 2.50%. Traders are pricing in a ~90% probability of that currently.Then, we'll have the BOE meeting decision on Thursday although the central bank is expected to keep the bank rate unchanged at 4.00%. And lastly, there will be the BOJ meeting decision on Friday in which Ueda & co. is expected to keep rates unchanged as well and maintain the status quo as they try to work an angle for the next rate hike. This article was written by Justin Low at investinglive.com.

Weekend U.S.–China trade talks in Madrid touched on TikTok, tariffs and the economy, though few details emerged. Meanwhile, China’s August data underscored persistent weakness in property and domestic demand, fuelling expectations for more policy support. Tesla pledged higher German output, while FX stayed rangebound in quiet trade.Rollover for U.S. Equity Index Futures is Monday, September 15, 2025:What You Need to KnowWall Street Journal: "Buffett Devotee Is Plowing Billions Into Crypto"China Stats Bureau says external environment very severe, some firms having difficultiesChina August Industrial Production +5.2% y/y, vs. expected 5.8%China house prices plunge even further in August, down 2.5% y/y (prior -2.8%)China - household savings rotating into equities amid active markets and policy tailwindsPBOC sets USD/ CNY reference rate for today at 7.1056 (vs. estimate at 7.1213)Standard Chartered sees Fed slashing rates by 50 bps in September on weak jobs reportGoldman Sachs: AI slowdown could crash the S&P 500 by 20%Deutsche Bank tips Fed to cut rates at September, October and December meetings this yearUK house prices fall y/y, rents jump the least in 4 yearsTrump says he's willing to impose sanctions on Russia, Europe's has to act tooAustralian bank ANZ admits misconduct in bond trading, gets AUD240mn penaltiesNew Zealand August Services PMI 47.5, down from previous 48.9TikTok row central to U.S.–China talks as Beijing pushes for Trump–Xi summit on home turfGerman Tesla plant to step up output despite weakness in Europe - pick up in demand seenPeople's Bank of China's yuan strength set to fuel EM currency rally as Fed easing loomsStand by for a Court decision on Trump's moves to fire Fed Governor CookMorgan Stanley projects four straight Fed cuts through January, plus two more in 2026If your chart is showing AUD/USD around 0.6630, get outta here! Pair trading around 0.6647The US and China had trade talks on the weekend, awaiting read outsMonday open levels, indicative FX prices, 15 September 2025S&P 500 Futures Analysis & Forecast: 6600 Rejected as SPX Options Pin; Levels for the WeekNewsquawk Week Ahead: Highlights include FOMC, BoE, BoC, BoJ, US Retail Sales, UK CPIinvestingLive Americas FX news wrap 12 Sep: USD closes higher. Univ.of Mich. is weakerThe U.S. and China held trade talks in Madrid over the weekend, led by Treasury Secretary Scott Bessent and Vice Premier He Lifeng. An official said discussions covered TikTok, tariffs and the broader economy, with negotiations set to continue Monday.From China, housing figures showed both new and existing home prices fell again in August. This data was followed by softer economic activity numbers. Industrial production, retail sales and fixed-asset investment all missed expectations and slowed from July. The National Bureau of Statistics called the external environment “very severe,” citing rising uncertainties and operational difficulties for some firms. Officials pledged to expand domestic demand, boost consumption, stabilise prices and support employment. The downbeat tone reinforced market speculation of further policy easing.Market reaction was contained. Major FX stayed largely rangebound, though AUD/USD and NZD/USD outperformed slightly. Japanese markets were closed for a holiday, so there was no U.S. cash Treasuries trade. Chinese equities ticked higher, with chipmakers gaining after Beijing launched an anti-dumping probe into certain U.S. semiconductors, seen as supportive for the domestic sector.Separately, Tesla said its German plant will lift output in the second half of the year. Plant manager André Thierig told DPA production plans for Q3 and Q4 had been revised higher thanks to stronger-than-expected demand, adding that the company sees “positive signals” across markets. Asia-Pac stocks:Japan (Nikkei 225) % ... closed todayHong Kong (Hang Seng) +0.46%Shanghai Composite +0.15%Australia (S&P/ASX 200) -0.26% This article was written by Eamonn Sheridan at investinglive.com.

Futures rollover refers to the process where traders close out positions in the expiring contract and open new ones in the next available contract. This is crucial for traders in U.S. equity index futures, such as the S&P 500 (ES), Nasdaq 100 (NQ), Dow Jones (YM), and Russell 2000 (RTY), as these contracts have set expiration cycles.U.S. equity index futures follow the quarterly expiration cycle on the third Friday of March, June, September, and December.Expiration Date (Final Trading Day):U.S. equity index futures (S&P 500, Nasdaq 100, Dow, and Russell 2000) expire on the third Friday of the contract month (March, June, September, December).Rollover Date (Liquidity Shift):Traders start rolling their positions on the Monday prior to the third Friday, making it a commonly observed rollover period as well.An alternative approach is to watch volume and liquidity, as the real shift happens when traders actively transition. This article was written by Eamonn Sheridan at investinglive.com.