🌅 Morning Update – 17.09.2025 📉 Futures on major US & European indices remain under pressure after yesterday’s rally ended, with investors holding their breath ahead of today’s Fed decision (US500: −0.05%, EU50 flat). 🇪🇺 Ursula von der Leyen discussed with 🇺🇸 Donald Trump new ways to increase economic pressure on Russia. The European Commission is preparing its 19th sanctions package, targeting a faster phase-out of Russian energy imports. ⚖️ Trump also filed a $15B lawsuit against The New York Times, accusing it of “industrial-scale” defamation and election interference. 🌏 In Asia-Pacific, sentiment is mixed: 📈 China continues to climb (CHN.cash +1.4%, HK.cash +1.1%), pushing HSCEI to a 4-year high. 🇯🇵 Nikkei briefly hit a record on strong trade data but is now flat. 🇦🇺 AU200 slips −0.3%. 📦 Japan’s exports fell just −0.1% y/y (vs forecast −1.9%), thanks to stronger shipments to Asia (+1.7%) & Europe (+7.7%), offsetting sharp declines to the US (−13.8%, with autos still collapsing −28.3%). 🇳🇿 New Zealand’s Q2 current account deficit narrowed to $3.4B (better by $702M), though consumer confidence dipped to 90.9 as living costs keep rising. 💱 Forex volatility is muted ahead of the Fed: 🟢 USDIDX +0.1%, USDCHF +0.15% 🔻 AUDUSD & NZDUSD −0.1% ⚖️ GBP & JPY flat, EURUSD −0.05% at 1.186. 🥇 Metals retreat after a week of gains: Gold −0.3% ($3680), Silver −1.3% ($41.94), Palladium −0.4%. 🛢️ Brent & WTI pause their 3-day rally (−0.2% & −0.7% after rollover), while NATGAS trades flat post-volatility. ✨ Stay tuned with NordFX for all the latest updates – trade smart, stay ahead! 🚀