Major International Business Headlines Brief ::: 29 September 2025

[Bulls n Bears]

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Major International Business Headlines Brief :::  29  September  2025 

 


 


 


 <mailto:info at bulls.co.zw> 

 


 

 


 

ü  Dollar falls ahead of data releases, risk of US government shutdown looms

ü  First Brands files for bankruptcy, threatening multibillion-dollar losses

ü  FX Daily: Dollar bears to be stress-tested again this week

ü  Jobs and shutdown fears weigh on the US Dollar

ü  Vedanta plans talks on dollar bond sale

ü  Gold hits record high as soft dollar, rate-cut bets lift appeal

ü  Rupee flat, anticipation of softer dollar a drag on volatility
expectations

ü  Gold breaks $3,800, Dollar slides, indices near ATH – Weekly forecast 

ü  NZD/USD strengthens above 0.5750 on growing risk of US government
shutdown

ü  Australian Dollar gains as US Dollar weakens on government shutdown risks

 


 <mailto:info at bulls.co.zw> 

 


Dollar falls ahead of data releases, risk of US government shutdown looms

(Reuters) - The dollar eased on Monday ahead of a slew of U.S. economic
releases that could provide further clarity on the Federal Reserve's rate
path, while the growing risk of a U.S. government shutdown also came into
sharp focus.

 

Currency moves were largely subdued in the Asian session, though the dollar
gave up some gains after ending last week stronger on the back of reduced
Fed rate-cut bets.

 

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Against the yen , the dollar was down 0.4% to 148.94, after having risen
more than 1% against the Japanese currency last week.

 

The euro rose 0.28% to $1.1731, while sterling edged 0.27% higher to
$1.3439.

The dollar index was down 0.22% to 97.93, having risen 0.5% last week.

Top of investors' minds was a looming U.S. government shutdown should
Congress fail to pass a funding bill before the fiscal year ends on Tuesday.

 

Without passage of funding legislation, parts of the government would close
on Wednesday, the first day of its 2026 fiscal year.

 

That would have implications for the release of Friday's closely-watched
nonfarm payrolls report.

"I think the assumption will be that if we're going to have a government
shutdown, we won't have the payrolls numbers. So... how do you trade the
non-release of a number? You can't," said Ray Attrill, head of FX research
at National Australia Bank.

 

 

"The Fed meeting is not till the end of October. So I guess the working
assumption will be that if we go into a shutdown, hopefully it won't last
sufficiently long. The numbers will still be available and published prior
to the October meeting. I guess that's really what's important."

 

Ahead of Friday's jobs report, investors will also get figures on job
openings, private payrolls, the ISM manufacturing PMI, among others, for
further clues on the health of the U.S. economy.

A run of resilient U.S. economic data in recent times has pushed back
against expectations of aggressive Fed rate cuts, with markets now pricing
in about 40 basis points of easing by December.

 

In other currencies, the Aussie was last 0.36% higher at $0.6571, while the
New Zealand dollar ticked up 0.26% to $0.5791.

 

The Reserve Bank of Australia announces its rate decision on Tuesday.
Expectations are for the central bank to stand pat on rates.

Or maybe creeping in a little bit of the prime lending rate categories, the
high income earners, the top 10%, especially the top 1%,

 

 

 

 

First Brands files for bankruptcy, threatening multibillion-dollar losses

First Brands Group has filed for bankruptcy protection while disclosing more
than $10bn in total liabilities, marking one of the most spectacular
collapses in private debt markets in recent years.

 

The Ohio-based auto parts company filed for Chapter 11 protection in the
Southern District of Texas late on Sunday, formalising the abrupt
unravelling of a business that has borrowed billions of dollars in private
markets and raised concerns over riskier lending on Wall Street. 

 

In its bankruptcy petition First Brands, which is owned by Malaysian-born
businessman Patrick James, did not disclose specific liabilities but
estimated they were in a category between $10bn and $50bn, while it put its
assets at $1bn to $10bn.

 

Full details of its finances could take time to emerge given the chaotic
nature of its descent into bankruptcy, which was fuelled by concerns over
its use of off-balance sheet finance.

 

First Brands previously told lenders it had $5.9bn of long-term debt in
March, against nearly $1bn of cash, but many creditors now fear there are
billions of dollars more in opaque financing linked to its invoices and
inventory.

 

A special committee to be established as part of the bankruptcy will lead an
investigation into those off-balance sheet financing arrangements, according
to a person familiar with the matter.

 

Sunday’s petition listed several specialist investment firms as creditors
with exposure to First Brands’ so-called “factoring” — invoice financing —
including an asset management unit of US investment bank Jefferies.

 

The company’s need to file for bankruptcy protection was accelerated when
one of its banks recently seized some of its cash, the Financial Times has
previously reported.

 

First Brands has secured a $1.1bn lifeline from its creditors as part of the
bankruptcy, a loan it will use to fund its operations as it restructures its
business and looks to slash its debts.

 

The speed with which First Brands’ financial position deteriorated has
shocked debt investors and drawn scrutiny of due diligence standards in the
booming credit markets.

 

Two weeks ago, the group’s loans were still trading at levels that indicated
relative complacency about its finances. By Friday, its top-ranking debt
changed hands at a third of its face value, while more junior loans were
quoted at cents on the dollar.

 

Along with the collapse of subprime auto lender Tricolor at the start of the
month, First Brands’ swift fall has raised concerns of significant losses
for some of the best-known players on Wall Street and the potential for
wider fallout across corporate debt markets.

 

The large-scale bankruptcy could send tremors through the automotive parts
industry, which is already reeling from US President Donald Trump’s tariff
policies due to its heavy dependence on overseas manufacturing.

 

Over the past decade, James transformed his group from a niche Ohio-based
industrial concern into a sprawling multinational enterprise, through a
debt-funded deal spree.

 

On top of its US manufacturing plants stretching from California to
Pennsylvania, First Brands has operations as far apart as Romania, Mexico
and Taiwan.

 

The company’s international operations were not included in the bankruptcy
petition on Sunday. First Brands has appointed Charles Moore, a managing
director at turnaround specialist Alvarez & Marsal, as chief restructuring
officer.

 

The bankruptcy filing is the second in the space of a week linked to James,
after a series of so-called special purpose entities that provided
off-balance sheet financing to the car parts conglomerate collapsed.-ft

 

 

 

FX Daily: Dollar bears to be stress-tested again this week

The dollar starts the new week on the softer side after solid gains last
week. Following some much better activity data for the US, the question now
is whether the jobs data is weak enough to justify further Fed rate cuts.
That's why there's going to be extra scrutiny on data like JOLTS, weekly
claims and Friday's payroll report. 

 

Dollar bears suffered last week after a string of data questioned whether
the Federal Reserve was right to cut rates earlier this month. Perhaps the
standout number was the upward revision to the second-quarter GDP figure,
which showed much stronger US consumption than previously believed. This,
combined with another low jobless claims figure, was enough to shake out a
few late-dollar short positions. There also remain the continued gains in US
equities, with a sense that global passive equity funds, following
benchmarks, will have to pour more money into the US.

 

This week is all about US jobs data. Now that the Fed has firmly swung
behind the risk of a weaker jobs market being greater than the risk of
inflation, employment data will have to come in on the weak side to maintain
both expectations for Fed easing and a weaker dollar. That data unfolds over
Tuesday (JOLTS job openings), Thursday (weekly jobless claims) and Friday
(the September payroll report). Regarding payrolls, there is probably more
focus on the unemployment rate now that Fed Chair Jerome Powell has said
that it may just take a +0-50k job increase each month to keep the
unemployment rate steady. Our team actually think there is a slight upside
risk (dollar bullish) to Friday's jobs figures.

 

One additional event risk this week is a US government shutdown on Tuesday
evening. That's probably a mild dollar negative if it happens, but it would
look unlikely to last long if it did occur.

 

DXY will probably tread water today near 98 and make its first decent move
of the week on tomorrow's JOLTS release.

 

Chris Turner

 

EUR: Spain leads the way

While Germany continues its soul-searching on the future path for growth and
France remains mired in budget uncertainty, Spain is doing very well.
Spain's sovereign debt received a one-notch upgrade to A from A- from Fitch
on Friday evening. The ratings agency cited better growth prospects for the
country as it revised those growth forecasts higher. Spain's news serves as
a reminder of the north-south divide in the eurozone and why government
bonds in the eurozone area have remained resilient in the face of the news
out of France.

 

Still on the subject of Spain, the country is one of the first to release
September CPI data today, as is Belgium. Both headline and core inflation
are expected to pick up. The news should be a precursor to the French and
German CPI numbers tomorrow, and then the full eurozone release on
Wednesday. We and consensus see the eurozone flash CPI rising to 2.2%
year-on-year from 2.0%, with some looking for 2.3%. A higher number could
further rein in expectations of one final European Central Bank cut and help
the euro.

 

There are also plenty of ECB speakers this week. Today, we'll hear from
Germany's Joachim Nagel at 11:00am CET and Chief Economist Philip Lane at
2:00pm CET.

 

EUR/USD looks to have put in a short-term low near 1.1650, but will require
some softer US jobs data to break back above the 1.1790/1800 area this week.

 

Chris Turner

 

GBP: Focus on the UK Labour Party conference

Sterling has been underperforming since around the middle of September, with
plenty of focus on whether the UK is 'going bust' or will require an IMF
bail-out – neither of which is likely. At the heart of that story is weak UK
growth and parlous public finances, which leave the UK Labour government
with very little room for manoeuvre. Not helping that story last week was an
interview given by Prime Minister Keir Starmer's main rival, Andy Burnham,
that the government should ignore the bond market. With that in mind, there
will be a lot of focus on the Labour Party conference, which kicks off in
Liverpool today. Any signs that the government will cede ground to the left
wing of the party by, say, withdrawing the two-child cap on benefits, would
be taken poorly by Gilts and sterling.

 

If sterling can survive that party conference unscathed, then presumably
more rhetoric from Bank of England hawks later in the week – including
Governor Andrew Bailey – could provide sterling with a little more support.

 

So far, support has held at 1.3300 for cable. And US jobs data will help
determine whether we end the week over 1.35.

 

Chris Turner

 

CEE: Polish inflation will determine further rate cuts

This week, attention should return to local data in Central and Eastern
Europe. Tomorrow, Poland's inflation figures for September will be released.
We expect headline inflation to jump from 2.9% to 3.0%, driven by a
shallower decline in gasoline prices compared to August. Core inflation is
estimated to have eased further, while food and energy inflation remained
broadly stable. More pronounced declines in headline inflation are expected
in November and December.

 

On Wednesday, we will receive PMI figures across the region, where we could
see some slight improvement in sentiment. On Friday, Turkey's inflation
figures for September will be released. We expect a further decline from
33.0% to 32.2% but month-on-month, we will see some acceleration from 2.0%
to 2.4%. Risks are on the upside, given continuing pricing pressures in
food, with adverse weather conditions and the start of the school season
pushing education inflation higher.

 

In the Czech Republic, general elections will be held on Friday and
Saturday, suggesting an opposition victory, but the latest polls show a
closer race than expected. In recent days, the market has priced in a higher
fiscal premium, with government bonds underperforming their CEE peers.
However, we do not expect a significant widening of the fiscal deficit in
any scenario, and the long end of the curve seems too high, although we may
see more pressure here this week.

 

EUR/CZK seems untouched for now, and historically, FX has not reacted much
to elections in the Czech Republic, which should also be the case this time.
In general, conditions in the CEE region are turning positive for FX again.
Market rates rebounded significantly last week, and EUR/USD is heading up
again. We should also see some rebound in the CEE region this week.

 

Chris Turner

 

 

 

 

 

 

Jobs and shutdown fears weigh on the US Dollar

Last week ended on a positive note despite fresh tariff threats on pharma,
trucks and kitchen cabinets. PCE data coming in line with expectations
helped keep investor mood sweet after a week of hesitation. The S&P 500
rebounded after a three-day retreat, the Stoxx 600 held above its 50-DMA,
and even the pharma-heavy SMI index bounced from August lows – confirming
that trade news has become usual bad news. There’s no guarantee tariffs will
stay, and no guarantee they won’t be doubled; they’ve simply become an
increasingly meaningless negotiation tactic, just another bump in the road.

 

The bigger picture remains unchanged: tariff risks exist, they weigh on
global growth prospects, they hurt global trade, they will lead to revised
supply chains and a more divided world – but their direct market impact has
weakened. US inflation and jobs matter more, because it’s up to the Federal
Reserve (Fed) to keep the bullish trend in check. Rates are being cut, and
if things got ugly, the Fed would be the one buying government bonds. On
that front, news is encouraging. Last week’s impressive 3.8% US GDP growth
sounded alarm bells and raised questions about the necessity of further Fed
cuts. But Friday’s PCE data came in *right* on target. Personal income and
spending rose more than expected, but the Fed’s preferred inflation gauge,
the core PCE index, held steady at 2.9%. That’s significantly and
persistently higher than the Fed’s 2% target. But the Fed will tolerate
higher inflation as the combination of ample fiscal support and ballooning
US debt points to structurally higher inflation (all that money has to go
somewhere).

 

And speaking of jobs and debt – investor attention now shifts to US jobs
data this week and a potential government shutdown on October 1. For jobs,
the US economy is expected to have added around 50K jobs in September, with
wages up 0.3% and unemployment steady at 4.3%. A weaker-than-expected print
would keep alive expectations of two more Fed cuts this year, putting
pressure on short-term yields and the dollar while supporting equities.
Stronger-than-expected numbers, on the other hand, could reduce the odds of
two more cuts, support the dollar and cap equity appetite near record highs.

 

But that data may not be published if a government shutdown materializes.
Should Congress fail to strike a deal, we could see both stocks and the
dollar under pressure, alongside renewed stress at the long end of the US
yield curve. Still, a last-minute deal is more likely than not, and shutdown
scares have usually ended up as non-events. Even in the rare cases they
caused market disruption, the dips proved attractive to buy – after all, the
US government can’t stay shut forever.

 

Meanwhile, uncertainty is helping gold to fresh records. The metal kicked
off the week above $3,800 per ounce, while silver continues its exponential
rise as investors shun the dollar and US debt. The precious metals rally is
not just a short-term allocation story – trend-followers are in control, and
the trend is strongly positive.

 

Despite that risk-off note, the week starts with a positive tone. European
and US futures are in the green. In China, stocks are higher after
industrial profits rose 20% year-on-year in August. The Hang Seng is better
bid too, boosted by another 3% jump in Alibaba shares. The AI rally across
Chinese stocks remains a major theme, with Alibaba carrying the mascot’s
torch. A rally toward the 200 mark looks increasingly on the cards, with
room to extend further.

 

In FX, the US dollar is downbeat on dovish Fed expectations ahead of jobs
data and amid shutdown risks. The EURUSD held above its 50-DMA last week.
Starting today, eurozone countries will release their September preliminary
inflation prints. On Wednesday, the aggregate CPI is expected to tick up
from 2% to 2.2%. That should cement the idea that the European Central Bank
(ECB) is done cutting rates. But since that’s largely priced in, direction
will come more from the dollar. A soft jobs print or a shutdown could fuel a
retest above 1.18, while strong jobs data and no shutdown should maintain
resistance at that level.

 

Elsewhere, the Reserve Bank of Australia (RBA) is expected to keep rates
unchanged when it meets tomorrow, and US crude is trading above the key
$65pb level, with rallies seen as selling opportunities amid news that OPEC
will continue restoring supply in November.

 

 

 

Vedanta plans talks on dollar bond sale

VEDANTA Resources is scheduled to hold discussions with investors today
regarding a potential dollar bond issuance designed to refinance expensive
private debt, said Bloomberg News citing sources familiar with the plans.

 

The Indian minerals conglomerate, controlled by billionaire Anil Agarwal,
has appointed banks to organise investor meetings across Asia, Europe and
the United States for a seven-year note with a two-year call protection
period. Proceeds from the offering will be combined with existing bank
facilities to repay private debt, the newswire said.

 

The move follows a significant decline in borrowing costs for high-yield
Asian issuers, which reached four-year lows in September. Vedanta is
particularly keen to refinance private debt carrying an 18% interest rate
secured in 2023.

 

 

If completed, this would mark the company’s second dollar bond sale this
year, following an issuance in January, said Bloomberg News. Moody’s
analysts, including Nidhi Dhruv, said Vedanta’s cash resources should
adequately cover interest and debt servicing requirements through September
2026.

 

The planned issuance reflects Vedanta’s ongoing efforts to reduce leverage
and lower financing costs. Net debt at the resources group stood at $4.9bn
in March, down substantially from $8.9bn two years earlier.

 

The company’s notes maturing in December 2031 climbed to 106.4 cents last
week, rebounding from an April low of 90.7 cents and ranking among India’s
best-performing high-yield bonds this year, said Bloomberg News.

 

However, challenges persist.

 

Court approval for splitting Vedanta’s Indian unit into five separate
entities has been delayed. Bloomberg Intelligence analyst Mary Ellen Olson
said a failed demerger could undermine the company’s $10bn three-year
capital expenditure programme.

 

Additionally, Vedanta’s bid for insolvent developer Jaiprakash Associates
has raised concerns about diversification into unfamiliar sectors, said
Bloomberg News.

 

 

 

 

Gold hits record high as soft dollar, rate-cut bets lift appeal

(Reuters) - Gold prices rose to an all-time high on Monday, supported by a
weaker dollar and growing expectations that the Federal Reserve is likely to
continue with interest rate cuts later this year.

 

Spot gold was up 0.8% at $3,789.39 per ounce as of 0251 GMT, after hitting a
record high of $3,798.32 earlier in the session. U.S. gold futures for
December delivery rose 0.3% to $3,818.30.   

 

The U.S. dollar index eased 0.2% against its rivals, making greenback-priced
bullion less expensive for overseas buyers. 

 

The U.S. Commerce Department said on Friday its Personal Consumption
Expenditures Price Index (PCE) rose 0.3% in August, versus the prior 0.2%
rise in July, matching the estimate of economists polled by Reuters.

 

"That benign inflation print in the United States has given the markets
reason to believe further Fed cuts are coming in October and December," said
Capital.com analyst Kyle Rodda.

 

"Sentiment is very bullish and we are on track to retest another record high
this week. The gold market is positioned quite long at the moment and that
may be pointed to as being a reason to be cautious about future upside."  

 

Traders are currently pricing in a 90% chance of a Fed cut in October, with
around a 65% probability of another in December, according to CME FedWatch
Tool.

 

Safe-haven bullion thrives in a low interest-rate environment and in times
of geopolitical and economic uncertainty.

 

Share markets got off to a cautious start in Asia on Monday as investors
braced for a possible shutdown of the U.S. government. 

 

Investors now await U.S. data on job openings, private payrolls, the ISM
manufacturing PMI and Friday's non-farm payrolls report for further clues on
the economy's health.

 

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said
its holdings rose 0.89% to 1,005.72 tonnes on Friday from 996.85 tonnes on
Thursday.

 

Elsewhere, spot silver rose 1% to $46.47 per ounce, platinum climbed 2.6% to
$1,608.90 and palladium gained 1.4% to $1,287.19.

 

 

 

Rupee flat, anticipation of softer dollar a drag on volatility expectations

(Reuters) - The Indian rupee was flat on Monday, wedged between dollar sales
by state-run banks and likely portfolio outflows, with analysts citing the
greenback's lack of direction as among the factors keeping rupee volatility
muted.

 

The rupee was at 88.7250, nearly unchanged from its closing level on Friday.
Its one-month implied volatility , a gauge of future expectations, stood at
3.3%, hovering near its lowest since March.

 

The rupee's volatility has been contained despite a clutch of headwinds
confronting the currency, including steep U.S. tariffs on Indian exports and
spillovers from tighter immigration policy.

The currency has declined nearly 3.5% this quarter but options markets data
shows that traders are not fretting over sharp swings.

 

"This could be a result of range-bound dollar moves and market expectations
for dollar softness reducing the possibility of larger rupee moves," analyst
at BofA Global Research said in a note.

Most analysts and investors expect the dollar to decline gradually on the
back of market expectations of policy easing by the U.S. Federal Reserve.
The dollar is down nearly 10% against a basket of peers on the year so far.

 

 

Frequent interventions by the Reserve Bank of India have also helped limit
market speculation on the local currency, the note said.

However, reducing volatility further from already low levels would hinder
the rupee's defence as it would offer traders a cheaper deal on options
wagering on the rupee's decline, the note added.

On the day, traders pointed to intermittent dollar sales from state-run
banks that helped limit the rupee's downside. Foreign banks were spotted
bidding for dollars, the traders added.

Elsewhere, the dollar index was down 0.2% at 97.95. Most Asian currencies
strengthened, with the Korean won leading with a 0.7% rise.

India's benchamrk equity indexes, the BSE Sensex (.BSESN), opens new tab and
Nifty 50 (.NSEI), opens new tab were up 0.4% each, snapping a six-day streak
of losses.

 

 

 

Gold breaks $3,800, Dollar slides, indices near ATH – Weekly forecast 

The Dollar forecast is pointing to more weakness ahead. With markets leaning
toward further Fed cuts, softer labor data, and inflation cooling, the
greenback doesn’t have the same strength it once did. I’ll walk you through
why this matters and how it could shape the coming weeks in FX.

 

Gold has now broken into all-time highs again - something I highlighted in
my last and in this webinar. If you were there, you caught it early. If not,
don’t worry - this is exactly why you’ll want to catch the next one.

 

I’ll also take you inside my precision trading setup, showing you how I
filter the noise and trade only when the odds line up. And on the mindset
side, I share a game-changing book recommendation: The One Thing by Gary
Keller - perfect for traders who need clarity and focus.

 

Meanwhile, U.S. indices are pressing toward record highs, with earnings and
risk appetite driving momentum. The question now is whether this rally has
more fuel—or if we’re getting close to a reversal zone.

 

This isn’t just analysis - it’s my forward playbook for the Dollar, Gold,
and indices. Let’s forecast, prepare, and trade with clarity.-fx

 

 

 

NZD/USD strengthens above 0.5750 on growing risk of US government shutdown

The NZD/USD pair holds positive ground near 0.5770 during the early Asian
trading hours on Monday. The US Dollar (USD) edges lower against the New
Zealand Dollar (NZD) amid the growing risk of a US government shutdown.
Traders brace for the Fedspeak later on Monday. 

 

US President Donald Trump will meet with the top four congressional leaders
at the White House on Monday as the deadline for a possible government
shutdown looms. Without funding legislation, parts of the government would
close on Wednesday, the first day of the U.S. government's 2026 fiscal year.
This, in turn, could drag the Greenback lower and act as a tailwind for the
pair. 

 

Additionally, the US Federal Reserve (Fed) rate cut hopes remain intact
after the US Personal Consumption Expenditures (PCE) Price Index report,
which might contribute to the USD’s downside. The US PCE Price Index rose
2.7% YoY in August, compared to 2.6% in the previous reading, in line with
analyst forecasts. The core PCE, which excludes food and energy prices,
arrived at  2.9% YoY during the same period, matching expectations.

 

On the other hand, the prospect of further Official Cash Rate (OCR) cuts by
the Reserve Bank of New Zealand (RBNZ) this year could weigh on the Kiwi
against the USD. Anna Breman has been appointed the new RBNZ Governor and
will begin her role in early December. Acting Governor Christian Hawkesby
will preside over the upcoming October and November meetings, where
additional rate cuts are likely, as the recent New Zealand Gross Domestic
Product (GDP) came in weaker than expected.

 

 

 

Australian Dollar gains as US Dollar weakens on government shutdown risks

Australian Dollar advances as RBA is widely expected to keep its interest
rates unchanged on Tuesday.

 

Australia posted a budget deficit of nearly A$10 billion, well below the
Treasury’s forecast of A$27.9 billion.

 

The US Dollar declined after August inflation data reinforced expectations
of another Fed rate cut in October.

 

The Australian Dollar (AUD) appreciates on Monday, with the AUD/USD pair
extending its gains for the second consecutive session. The US Dollar (USD)
weakens as traders brace for shutdown risks of the United States (US)
government, beginning from October 1.

 

The AUD also draws support from fading odds of near-term policy easing by
the Reserve Bank of Australia (RBA), driven by recent data showing a
hotter-than-expected consumer price index in August. Markets now price only
a 6.5% chance of a 25-basis-point rate cut at September’s meeting scheduled
on Tuesday and 38.2% probability at its subsequent meeting in November.

 

Australia posted a budget deficit of nearly A$10 billion (approximately
$6.55 billion) for the year ending June 2025, marking the end of two
consecutive years of surpluses. The shortfall was far smaller than the
Treasury’s A$27.9 billion forecast.

 

Australian Dollar advances as US Dollar loses ground on Fed rate cut bets

The US Dollar Index (DXY), which measures the value of the US Dollar against
six major currencies, is losing ground and trading around 98.00 at the time
of writing. Traders will likely observe the multiple speeches from the
Federal Reserve (Fed) officials later on Monday.

 

The Greenback weakens after the US August inflation report boosted the
likelihood that the US Federal Reserve (Fed) will likely deliver another
interest rate cut in October. Markets are now pricing in nearly an 88%
chance of a Fed rate cut in October and a 65% possibility of another
reduction in December, according to the CME FedWatch Tool.

 

The US Personal Consumption Expenditures (PCE) Price Index climbed 2.7%
year-over-year in August, compared to 2.6% prior. This figure was in line
with analyst forecasts. The core PCE, which excludes food and energy prices,
came in at 2.9% YoY during the same period, also matching expectations.

 

US President Donald Trump will meet congressional leaders on Monday to
discuss government funding. Without a deal, a shutdown will coincide with
new tariffs on trucks, pharmaceuticals, and more. The standoff could also
delay the September payrolls report and other key data, per Reuters.

 

President Trump shared plans to impose a 100% tariff on imports of branded
or patented pharmaceutical products from October 1, unless a pharmaceutical
company is building a manufacturing plant in the US. Trump also unveiled
tariffs of 50% on kitchen cabinets and bathroom vanities and 25% on trucks.

 

The US Gross Domestic Product (GDP) Annualized grew 3.8% in the second
quarter (Q2), coming in above the previous estimate and the estimation of
3.3%. Meanwhile, the GDP Price Index rose 2.1% in the same period, as
compared to the expected and previous 2.0% growth.

 

The White House announced that Australian Prime Minister Anthony Albanese
and US President Donald Trump will hold their first in-person meeting in
Washington, D.C. on October 20 to discuss the Aukus nuclear submarine pact.

 

Australia’s Monthly Consumer Price Index (CPI), which climbed by 3.0%
year-over-year in August, following a 2.8% increase reported in July. The
ASX 30 Day Interbank Cash Rate Futures indicate that markets now price just
a 4% chance of a September rate cut. According to Reuters, prospects for a
Reserve Bank of Australia (RBA) rate reduction at its November meeting faded
to 50% from almost 70% before the data.

 

RBA Governor Michele Bullock said earlier this week that labor market
conditions have eased slightly, with unemployment ticking higher. Bullock
noted that recent rate cuts should support household and business spending,
while stressing that the RBA must stay vigilant to changing conditions and
be ready to respond if needed.

 

Australian Dollar rises above 50-day EMA of 0.6550

AUD/USD is trading around 0.6560 on Monday. Technical analysis on the daily
chart shows that the pair remains within a descending channel pattern,
indicating the market sentiment is bearish. Additionally, the 14-day
Relative Strength Index (RSI) is positioned slightly below the 50 level,
strengthening the bearish bias.

 

On the downside, the AUD/USD pair may find its immediate support at the
50-day Exponential Moving Average (EMA) of 0.6550, followed by the lower
boundary of the descending channel around 0.6500. A break below this crucial
support zone would strengthen the bearish bias and put downward pressure on
the pair to navigate the region around the three-month low at 0.6414, which
was recorded on August 21.

 

The initial resistance lies at the nine-day EMA of 0.6579, followed by the
descending channel’s lower boundary around 0.6590. A break above the channel
would weaken the prevailing bearish bias and support the pair to explore the
region around the 11-month high of 0.6707, recorded on September 17.

 

 

The table below shows the percentage change of Australian Dollar (AUD)
against listed major currencies today. Australian Dollar was the strongest
against the New Zealand Dollar.

 

 

 

The heat map shows percentage changes of major currencies against each
other. The base currency is picked from the left column, while the quote
currency is picked from the top row. For example, if you pick the Australian
Dollar from the left column and move along the horizontal line to the US
Dollar, the percentage change displayed in the box will represent AUD
(base)/USD (quote).

 

 

 

 

 

 

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

Cellphone:         +263 71 944 1674 | +27 79 993 5557 

Email:                <mailto:bulls at bullszimbabwe.com>
bulls at bullszimbabwe.com

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www.facebook.com/BullsBearsZimbabwe



 

 

 


 

INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from s believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and d from third parties.

 


 

 


 (c) 2025 Web:  <http://www.bullszimbabwe.com> www.bullszimbabwe.com Email:
<mailto:bulls at bullszimbabwe.com> bulls at bullszimbabwe.com Tel: +27 79 993
5557 | +263 71 944 1674

 


 

 

 

 

 

 

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