Show Notes – Daily Briefing (Sept 9, 2025)
FX
- USD steady ahead of BLS revisions, PPI, CPI later this week.
- EUR firmer despite Bayrou’s failed confidence vote; Macron to name new PM.
- JPY weak below 148 after Ishiba’s resignation; GDP revision supported sentiment.
- GBP holding 1.35, limited catalysts until UK GDP.
- AUD & NZD firmer on CNY fix, gains capped by weak Aussie consumer data.
Trade & Tariffs
- US–China talks stalled; fentanyl issue unresolved.
- Japan: US auto tariffs to be cut by Sept 16; broader deal unresolved.
- South Korea resumes tariff talks, warns on capital market impacts.
- US FCC moves to revoke recognition of 7 Chinese test labs.
Commodities
- OPEC+ confirms 137k bpd October hike; Saudi Arabia lowers OSPs.
- Gold at record highs above $3,600/oz; strong central bank buying (PBoC).
- Copper rangebound; China trade data weighs.
Geopolitics
- Middle East: Israel preps Gaza ground manoeuvre; UK pledges Palestinian state recognition; Iran-IAEA talks possible.
- Russia–Ukraine: Kyiv faces air defense shortages; Russian strikes hit govt building; EU & US planning fresh sanctions.
- North Korea: Solid-fuel missile engine test; Xi congratulates Kim, pledges closer cooperation.
- UK/EU: Reeves to prioritise inflation; UK consumer spending slows.
What is The Financial Source Podcast?
Your daily dose of sentiment updates in the European and US sessions and critical risk event previews so you stay up to date with what's moving the market right now.