Posted at 10 February 2026 / Categories Market Roundups
Market Roundup
• Greek Industrial Production (YoY) (Dec)3.9%, 4.3% previous
• Spanish 3-Month Letras Auction 1.939%,1.954% previous
• German 5-Year Bobl Auction 2.400%,2.470% previous
•US Retail Sales (MoM) (Dec): 0.0%, 0.4% forecast, 0.6% previous
•US Retail Sales (MoM) (Dec): 0.0%, 0.4% forecast, 0.6% previous.
•US Core Retail Sales (MoM) (Dec): 0.0%, 0.3% forecast, 0.4% previous.
•US Import Price Index (MoM) (Dec): 0.1%, 0.1% forecast, 0.4% previous.
•US Export Price Index (MoM) (Dec): 0.3%, 0.1% forecast, 0.5% previous.
•US Employment Cost Index (QoQ) (Q4): 0.7%, 0.8% forecast, 0.8% previous.
•US Retail Control (MoM) (Dec): -0.1%, 0.4% forecast, 0.2% previous.
•US Employment Benefits (QoQ) (Q4): 0.7%, 0.8% previous.
•US Employment Wages (QoQ) (Q4): 0.7%, 0.8% previous.
•US Retail Sales Ex Gas/Autos (MoM) (Dec): 0.0%, 0.3% previous.
•US Retail Sales (YoY) (Dec): 2.43%, 3.26% previous.
•US Export Price Index (YoY) (Dec): 3.1%, 3.3% previous.
•US Import Price Index (YoY) (Dec): 0.0%, 0.2% forecast, 0.1% previous.
Looking Ahead Economic Data (GMT)
• 13:45 US Redbook (YoY): 6.7% previous.
•15:00 US Business Inventories (MoM) (Nov): 0.2% forecast, 0.3% previous.
•15:00 Retail Inventories Ex Auto (Nov): 0.3% previous.
•16:30 US Atlanta Fed GDPNow (Q4)4.2% forecast,4.2% previous.
Looking Ahead Events And Other Releases(GMT)
•No event ahead
Currency Forecast
EUR/USD : The euro edged lower on Tuesday as investors remained cautious ahead of key U.S. economic data releases that are expected to shape the outlook for interest rates. Market participants are closely watching incoming data for further clues on the Federal Reserve’s policy path.Investor focus this week will be on the delayed monthly reports covering U.S. employment and consumer prices, which were postponed due to a recent three-day government shutdown. These reports are expected to provide important insight into labour market conditions and inflation trends.January’s nonfarm payrolls report, due Wednesday, is expected to show an increase of 70,000 jobs, according to a Reuters poll, pointing to moderate hiring and a potentially cooling labour market.Traders continue to price in two Federal Reserve rate cuts this year, with the first expected in June. 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 concerns about British politics and the path of Bank of England monetary policy continued to weigh. British Prime Minister Keir Starmer refused on Monday to heed calls to quit, after a second aide resigned from a team in crisis over the appointment of Peter Mandelson as ambassador to Washington. Under pressure over the appointment of a man whose close ties to the late U.S. sex offender Jeffrey Epstein have come into full focus, Starmer has attempted to change the narrative.Former deputy prime minister Angela Rayner, seen as a potential challenger, threw her support behind Starmer on Monday. 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 lower 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 the yen strengthened for a second consecutive session following Prime Minister Sanae Takaichi’s election victory. The yen’s gains reflect growing investor confidence in Japan’s political stability and policy direction.Expectations that Takaichi’s decisive win could enable her government to pursue more fiscally responsible policies, without relying heavily on opposition support, have further supported the yen andeased market uncertainty. Investors view the stronger mandate as a positive signal for fiscal discipline and economic management.Attention has also turned to Japan’s massive foreign currency reserves, valued at approximately $1.4 trillion, which serve as a key tool for potential yen intervention if needed. 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
Europe’s benchmark index was flat Tuesday as BP’s drop offset luxury stock gains after strong Kering earnings.
At GMT (13:15) UK's benchmark FTSE 100 was last trading down at 0.42 percent, Germany's Dax was down by 0.02 percent, France’s CAC finished was up by 0.09 percent.
Commodities Recap
Gold declined on Tuesday as investors awaited key U.S. jobs and inflation data for clues on the interest rate outlook.
Spot gold fell 1% to $5,016.56 per ounce by 0055 GMT. The metal gained 2% on Monday, as the dollar weakened to a more than one-week low. It had scaled a record high of $5,594.82 per ounce on January 29.
Oil prices edged higher Tuesday as traders weighed supply risks amid U.S.-Iran tensions in the Strait of Hormuz.
Brent crude oil futures were up 28 cents, or 0.4%, at $69.32 a barrel by 1307 GMT. U.S. West Texas Intermediate crude rose 15 cents, or 0.2%, to $64.51.