Posted at 10 February 2026 / Categories Market Roundups
Market Roundup
•Australia NAB Business Confidence (Jan) 3, 2 previous
•Australia Building Approvals (MoM) (Dec)-14.9% ,-14.9% forecast,15.2% previous
•Australia NAB Business Survey (Jan)7,9 previous
•Australia Building Approvals (YoY) (Dec)0.40%,0.40% forecast,20.20% previous
•Australia Private House Approvals (Dec)0.4%,0.4% forecast,1.3% previous
Looking Ahead Economic Data (GMT)
• 10:00 Greek Industrial Production (YoY) (Dec) 2.6% previous
• 10:30 German 5-Year Bobl Auction 2.470% previous
• 10:30 UK 5-Year Treasury Gilt Auction 3.821% previous
Looking Ahead Events And Other Releases (GMT)
• No events Ahead
Currency Forecast
EUR/USD : The euro edged lower on Tuesday as investors were cautious ahead of release of US economic data that is expected to shape the path ahead for interest rates.Investor attention this week will be on the monthly reports covering U.S. employment and consumer prices that were pushed back slightly due to a recent three-day government shutdown. January’s nonfarm payrolls report, out on Wednesday, is expected to show an increase of 70,000 jobs, according to a Reuters poll. Traders are still pricing in two rate cuts by the Federal Reserve this year, with the first one expected in June, although markets remain on tenterhooks ahead of a potential shift in U.S. policy following the nomination of Kevin Warsh to succeed Jerome Powell as Fed chair. Immediate resistance can be seen at 1.1872(38.2%fib), an upside break can trigger rise towards 1.1974(Jan 30th high).On the downside, immediate support is seen at 1.1783(SMA 20), a break below could take the pair towards 1.1724(50%fib).
GBP/USD: Sterling edged lower on Tuesday as investors remained cautious ahead of a slate of key economic data expected to influence the outlook for U.S. interest rates. Market participants are awaiting fresh signals on inflation and labour market conditions, which could shape the Federal Reserve’s policy trajectory in the coming months.Investor focus this week is on the delayed monthly reports covering U.S. employment and consumer prices, which were pushed back slightly due to a recent three-day government shutdown. These releases are expected to provide critical insight into the strength of the U.S. economy and the timing of potential Fed policy easing.White House adviser Kevin Hassett noted that U.S. job growth may slow, citing weaker labour force expansion and higher productivity. His comments come as investors assess whether signs of labour market softness are emerging and whether this could reduce inflationary pressures. Immediate resistance can be seen at 1.3663(38.2%fib), an upside break can trigger rise towards 1.3733(Feb 4th high).On the downside, immediate support is seen at 1.3583 (SMA 20), a break below could take the pair towards 1.3512(50%fib).
AUD/USD: The Australian dollar edged higher on Tuesday after data showed Westpac Consumer Confidence Index continued its downward trend, highlighting weakening sentiment among Australian household.Australia's consumer sentiment slid for a third month in February, a survey showed on Tuesday, as the first rise in interest rates in two years added to cost-of-living pressures and made it even harder to afford a home. Westpac-Melbourne Institute survey showed its main index of consumer sentiment fell 2.6% to 90.5 in February, bringing the drop since November to 12.8%.Separate data showed, Australian business conditions dipped slightly in January as sales and profits slowed a little, a survey showed on Tuesday, while cost pressures were the lowest since 2021 in a hopeful sign for future inflation. Immediate resistance can be seen at 0.7091(23.6%fib), an upside break can trigger rise towards 0.7141(Higher BB).On the downside, immediate support is seen at 0.7000(38.2%fib), a break below could take the pair towards 0.6921(50%fib)
USD/JPY: The U.S. dollar edged lower on Tuesday as yen firmed for the second day in the wake of Prime Minister Sanae Takaichi's election victory.The rising expectation that the landslide win could allow Takaichi's government to be more fiscally responsible because it eliminates the need for negotiations with opposition parties has also helped the yen and soothed investor jitters. The spotlight has now shifted to what Japan does with its massive foreign currency reserves , a $1.4 trillion war chest for future yen interventions. Finance Minister Satsuki Katayama has said using a surplus from the reserves could be considered when discussing funding sources for planned cuts to the sales tax on food. The Japanese yen strengthened to 155.24 per U.S. dollar after rising 0.8% on Monday . Immediate resistance can be seen at 157.71(Daily high) an upside break can trigger rise towards 158.97(23.6%fib) .On the downside, immediate support is seen at 156.34 (38.2%fib) a break below could take the pair towards 154.14 (50%fib).
Equities Recap
Asian stocks rose for a second day Tuesday, led by Tokyo markets after Prime Minister Sanae Takaichi’s decisive election win.
Hang Sang was up 0.44%, Japan’s Nikkei 225 was up by 2.20% ,South Korea’s KOSPI was up at 0.07 %
Commodities Recap
Gold fell Tuesday but held above $5,000 per ounce as investors awaited key U.S. jobs and inflation data for clues on the Fed’s rate path.
Spot gold fell 0.8%to $5,022.57 per ounce by 0524GMT. The metal gained 2% on Monday, as the dollar weakened to its lowest level in more than a week.
U.S. gold futures for April delivery lost 0.7%to $5,044.80 per ounce
Oil prices edged lower Tuesday as traders assessed supply risks after U.S. vessel guidance heightened focus on Washington-Tehran tensions.
Brent crude oil futures were down 16 cents, or 0.23%, at $68.88 a barrel by 0800 GMT. U.S. West Texas Intermediate crude fell 20 cents, or 0.31%, to $64.16.