Posted at 10 October 2025 / Categories Market Roundups
Market Roundup
• Swiss SECO Consumer Climate -37,-38 forecast, -40 previous
•Italian Industrial Production (YoY) (Aug) -2.7%, 0.5% forecast,0.9% previous
•Italian Industrial Production (MoM) (Aug) -2.4% -0.3% forecast,0.4% previous
•Greek Industrial Production (YoY) (Aug) -2.9%, -0.5% previous
•Italian 12-Month BOT Auction 2.050% ,2.030% previous
Looking Ahead Economic Data(GMT)
• 12:30 Canada Avg hourly wages Permanent employee (Sep) 3.6%
• 12:30 Canada Employment Change (Sep) 2.8K forecast,-65.5K previous
• 12:30 Canada Full Employment Change (Sep) -6.0K previous
• 12:30 Canada Part Time Employment Change (Sep) -59.7K previous
• 12:30 Canada Participation Rate (Sep) 65.1% previous
• 12:30 Canada Unemployment Rate (Sep) 7.2% forecast,7.1% previous
• 14:00 US Michigan 5-Year Inflation Expectations (Oct) 3.7% previous
• 14:00 US Michigan Consumer Expectations (Oct) 51.7 forecast,51.7 previous
• 14:00 US Michigan Consumer Sentiment (Oct) 54.1 forecast,55.1 previous
• 14:00 US Michigan Current Conditions (Oct) 60.0 forecast,60.4 previous
Looking Ahead Events and Other Releases(GMT)
•17:00 U.S. Baker Hughes Oil Rig Count 421 forecast,422 previous
• 17:00 U.S. Baker Hughes Total Rig Count 549 previous
Currency Forecast
EUR/USD : EUR/USD hovered near a two-month low on Friday as investors focused on France’s political uncertainty ahead of President Emmanuel Macron’s expected announcement of a new prime minister. Macron is set to appoint his sixth prime minister in under two years, aiming to resolve the country’s worst political crisis in decades.Ahead of a self-imposed deadline, he will meet with key political parties before naming the new head of government. Central Bank of France Governor François Villeroy de Galhau warned that ongoing political uncertainty is shaving at least 0.2 percentage points off growth and could further dampen business and consumer confidence. Immediate resistance can be seen at 1.1612(38.2%fib), an upside break can trigger rise towards 1.1663(50%fib).On the downside, immediate support is seen at 1.1558(50%fib), a break below could take the pair towards 1.1538(Lower BB)
GBP/USD: The pound slipped on Friday as a weak UK jobs survey and renewed fiscal concerns weighed on the currency. Financial markets are preparing for another round of tax increases from Chancellor Rachel Reeves in the Autumn Statement, due later in November, as she seeks to address the UK’s mounting debt burden.A survey released Friday by the Recruitment and Employment Confederation (REC) showed that Britain’s labor market remained subdued in September, with pay growth stagnating as employers grew cautious ahead of potential tax hikes. The data indicated continued sharp declines in hiring, though the drop in permanent staff placements was the mildest in a year, hinting at early signs of stabilization. Immediate resistance can be seen at 1.3500(SMA 20), an upside break can trigger rise towards 1.3530(38.2%fib).On the downside, immediate support is seen at 1.3344(50%fib), a break below could take the pair towards 1.3309(Lower BB).
NZD/USD: The New Zealand dollar hovered near a six-month low on Friday, pressured by the Reserve Bank of New Zealand’s (RBNZ) dovish stance. The central bank surprised markets on Wednesday with a larger-than-expected 50-basis-point rate cut, bringing the Official Cash Rate (OCR) down to 2.5%. Since August 2024, the RBNZ has lowered rates by a total of 300 basis points.With inflation now comfortably within the 1%–3% target range, policymakers have room to ease policy further. Markets are currently pricing in an 80% probability of another 25-basis-point cut at the November meeting, with roughly even odds that the OCR could fall to 2.0% by next year .Immediate resistance can be seen at 0.5800(38.2%fib), an upside break can trigger rise towards 0.5856(50%fib).On the downside, immediate support is seen at 0.05734 (23.6%fib), a break below could take the pair towards 0.5708(Lower BB).
USD/JPY: The dollar fell against the yen on Friday as investors booked profits ahead of the long weekend. The yen inched up 0.2% to 152.7 per dollar, remaining near its weakest level since mid-February and on track for a 3.5% weekly decline, marking its steepest drop since last October.The sharp depreciation of the yen has been fueled by concerns that the Bank of Japan (BoJ) may not raise interest rates further this year, following Sanae Takaichi’s surprise victory to lead the ruling party. This outcome has raised worries that Japanese authorities might need to intervene to support the currency.Japanese Finance Minister Katsunobu Kato expressed concern on Friday about excessive volatility in the foreign exchange market, while Takaichi emphasized on Thursday that she does not want to trigger a sharp fall in the yen.Immediate resistance can be seen at 153.30(Daily high) an upside break can trigger rise towards 154.00 (Psychological level) .On the downside, immediate support is seen at 152.44 (Daily low) a break below could take the pair towards 152.15 (38.2%fib).
Equities Recap
European shares held steady on Friday, eyeing a third consecutive weekly gain, as investors monitored French politics ahead of Macron’s expected prime minister announcement.
At (GMT 12:20),UK's benchmark FTSE 100 was last trading down at 0.01 percent, Germany's Dax was down by 0.19 percent, France’s CAC was last up by 0.01 percent.
Commodities Recap
Gold rebounded from earlier losses on Friday and remained on track for its eighth consecutive weekly gain, supported by broad political and economic uncertainty and expectations of further U.S. interest rate cuts.
Spot gold , which hit a record high of $4,059.05 on Wednesday, was up 0.6% at $3,998.02 per ounce as of 1112 GMT - a gain of 2.9% so far this week. U.S. gold futures for December delivery rose 1% to $4,012.30.
Oil prices fell on Friday, following a roughly 1.6% drop in the previous session, as the market’s risk premium eased after Israel and Hamas reached the first phase of a plan to end the conflict in Gaza.
Brent crude futures were down 91 cents, or 1.4%, at $64.31 a barrel at 1200 GMT. U.S. West Texas Intermediate crude was down 91 cents, or 1.5%, to $60.60.