Posted at 10 August 2026 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction 2.752%, 2.738% previous
•French 3-Month BTF Auction 2.448%, 2.448% previous
•French 6-Month BTF Auction 2.579%, 2.585% previous
•CB Employment Trends Index (Jul) 107.71, 106.74 previous
Looking Ahead Economic Data (GMT)
• 02:30 Australia NAB Business Confidence (Jul) -5 previous
• 02:30 Australia NAB Business Survey (Jul) 3 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro eased on Monday as investors looked ahead of Wednesday's closely watched consumer price inflation report. Wednesday's consumer price index data ?could spark another shift in expectations if it points to a reacceleration in price pressures. Producer price data on Thursday and retail sales figures on Friday will further inform the outlook for inflation. Fed funds futures traders are now pricing in 52% odds of a hike at the Fed's September meeting, down from 67% a ?week ago. Analysts say slowing job growth and easing oil prices have both contributed to the lower odds of ?a near-term hike .The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.20% to 99.80, with the euro down 0.13% at $1.1542..Immediate resistance can be seen at 1.1565(50%fib), an upside break can trigger rise towards 1.1600(Psychological level).On the downside, immediate support is seen at 1.1517(Aug 8th low), a break below could take the pair towards 1.1472(38.2%fib).
GBP/USD : The British pound eased against the U.S. dollar on Monday as markets awaited growth data later in the week and updates on talks in the Middle East to reopen the Strait of Hormuz.Monthly growth figures, due for release on Thursday, are expected to show that the ?economy remained resilient in June, with the month's retail sales unexpectedly strong due to spending linked ?to the World Cup and hot weather.Oil prices rose slightly on Monday, due to continued uncertainty about the reopening ?of the strait. Iran said it was nearing a deal with Oman defining new shipping lanes but that the ?U.S. must meet other conditions.Expectations for Bank of England policy settings have tended to fluctuate with energy price movements, with higher oil prices and the feed through to inflation expected to lead to tighter monetary policy. Immediate resistance can be seen at 1.3528(38.2%fib), an upside break can trigger rise towards 1.3556(Higher BB).On the downside, immediate support is seen at 1.3440(Aug 7th low), a break below could take the pair towards1.3407(50%fib).
USD/CAD: The Canadian dollar steadied near an eight-week high against its U.S. counterpart on Monday as oil prices climbed and after recent employment data gave the currency a lift.On ?Friday, the currency touched its strongest intraday level since June 10 ?at 1.3923 after data showed Canada's economy adding many more jobs than expected ?in July.Canada and the U.S. are discussing a prospective deal in which Ottawa would tackle a list of Trump administration trade demands in exchange for Washington scrapping a ?threat to impose new ?tariffs, a ?source familiar with the talks said on Friday.The price of oil, one of Canada's major exports, settled 5.05% higher at $82.13 a ?barrel on Monday after Iran and the U.S. traded ?demands for ?compensation, dimming prospects for a deal to reopen the Strait of Hormuz.Investors globally have worried that higher energy prices could worsen the inflation outlook, leading to tighter monetary ?policy ?from central banks, including the Bank of Canada. Immediate resistance can be seen at 1.4029(38.2%fib), an upside break can trigger rise towards 1.4043(SMA 20).On the downside, immediate support is seen at 1.3927(61.8%fib), a break below could take the pair towards 1.3909(Lower BB).
USD/JPY: The U.S. dollar firmed against yen on Monday as renewed tensions in the Middle East supported demand for the safe-haven dollar.Geopolitical risks increased after Yemen’s Houthis reportedly attacked a Saudi refinery and the Red Sea port city of Mocha, raising concerns over potential disruptions to regional energy supplies. U.S. crude prices climbed around 1%, providing additional support to the dollar and helping USD/JPY gradually advance to 158.30.Despite the yen’s recent rebound, Japan’s fiscal concerns and expectations for only gradual monetary tightening by the Bank of Japan continue to limit sustained JPY gains.At the same time, Japan’s recent currency intervention appears to have been aimed primarily at slowing the yen’s decline rather than forcing a sustained appreciation in the currency. Immediate resistance can be seen at 158.82 (Aug 10th high), an upside break can trigger rise towards 159.49(50%fib).On the downside, immediate support is seen at 157.50(38.2%fib) a break below could take the pair towards 157.00 (Psychological level).
Equities Recap
· European shares hovered near record highs on Monday as investors awaited a week packed with key economic data, with ongoing Middle East tensions supporting oil prices.
UK's benchmark FTSE 100 closed down by 0.35 percent, Germany's Dax ended up by 0.02 percent, France’s CAC finished the day up by 0.13 percent.
The Nasdaq and S&P 500 closed lower on Monday, with declines in Intel and other chipmakers, as ?investors became less confident about a deal to reopen the Strait of Hormuz..
Dow Jones closed down by 0.11% percent, S&P 500 closed down by 0.06% percent, Nasdaq settled down by 0.83% percent.
Commodities Recap
Gold climbed to a nine-week high on Monday, supported by strong bullish momentum and fear of missing out, as investors awaited U.S. inflation data for clues on the Federal Reserve’s policy path.
Spot gold rose 0.8% to $4,376.56 per ounce by 2:45 p.m. EDT (1845 GMT).
Oil prices settled 5% higher on Monday as Iran and the United States exchanged demands for compensation, reducing hopes of a deal to reopen the Strait of Hormuz.
Brent crude futures settled up $4.17, or 4.99%, at $87.72 a barrel, while U.S. West Texas Intermediate ?crude futures closed $3.95, or 5.05%, at $82.13.