Posted at 06 October 2026 / Categories Market Roundups
Market Roundup
• US S&P Global Services PMI (Sep) 58.8, 58.7 forecast, 58.7 previous
• US S&P Global Composite PMI (Sep) 58.4, 58.4 forecast, 58.4 previous
• US ISM Non-Manufacturing PMI (Sep) 54.9, 55.1 forecast, 55.4 previous
• US ISM Non-Manufacturing Prices (Sep) 74.0, 73.3 forecast, 72.6 previous
• US ISM Non-Manufacturing Employment (Sep) 50.1, 48.8 forecast, 47.8 previous
• US ISM Non-Manufacturing New Orders (Sep) 59.8, 60.3 forecast, 60.9 previous
• US ISM Non-Manufacturing Business Activity (Sep) 56.5, 61.7 previous
• US CB Employment Trends Index (Sep) 107.56, 108.08 previous
• US 3-Month Bill Auction 4.050%, 4.110% previous
• US 6-Month Bill Auction 4.165%, 4.285% previous
Looking Ahead Economic Data (GMT)
•03:35 Japan 10-Year JGB Auction 2.995% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro fell to a 17-month low against the dollar on Monday as concerns over France’s fiscal outlook and last week’s sharp bond sell-off revived fears of renewed euro zone debt tensions.French government bonds remained under pressure amid expectations of higher interest rates and growing political uncertainty ahead of the 2027 election, raising concerns over the country’s ability to bring its public finances under control.Meanwhile, euro zone business activity expanded at its fastest pace in nearly three-and-a-half years in September, supported by resilient demand despite renewed inflation pressures linked to the Middle East conflict. Immediate resistance can be seen at 1.1261(Daily high), an upside break can trigger rise towards 1.1289(38.2%fib).On the downside, immediate support is seen at 1.1213(23.6%fib), a break below could take the pair towards 1.11766(Lower BB).
GBP/USD: The pound fell against the dollar on Monday as the U.S. currency strengthened, supported by elevated Treasury yields despite weaker-than-expected U.S. jobs data that reduced expectations of a Federal Reserve rate hike this month.U.S. data showed employment growth slowed more than expected in September, while payroll gains for the previous two months were revised sharply lower. The figures have prompted investors to largely rule out another Fed rate increase this month.Energy prices and the Middle East conflict remained in focus, given their potential impact on the UK economy. Brent crude prices fell as higher Middle East exports and the release of oil stocks by G7 nations boosted supply.The pound has nevertheless gained since early last week, supported by comments from Bank of England Governor Andrew Bailey and Deputy Governor Dave Ramsden that reinforced expectations for tighter monetary policy.. Immediate resistance can be seen at 1.3215(Daily high), an upside break can trigger rise towards 1.3193(Daily low).On the downside, immediate support is seen at 1.3165(23.6%fib), a break below could take the pair towards1.3111(Lower BB).
USD/CAD: The Canadian dollar hit to an 18-month low against dollar on Monday as the Canadian dollar came under pressure following data showing that the country’s services sector contracted for a fourth consecutive month.Canada’s services sector contracted in September, with tariffs and the Middle East conflict adding to economic uncertainty, according to S&P Global’s latest Canada Services PMI data.The headline Business Activity Index rose to 48.3 in September from 46.8 in August but remained below the 50.0 threshold, signalling continued contraction in the services sector.Oil prices, a key Canadian export, declined as higher crude exports from the Middle East and a pledge by G7 nations to increase supplies weighed on the market. Immediate resistance can be seen at 1.4294(23.6%fib), an upside break can trigger rise towards 1.4344(Higher BB).On the downside, immediate support is seen at 1.4157(38.2%fib), a break below could take the pair towards 1.4067(Lower BB).
USD /JPY : The U.S. dollar recovered against the yen on Monday after an initial dip as markets assessed comments from Japanese Prime Minister Sanae Takaichi on fiscal policy and rising government bond yields.Takaichi pledged to keep government bond issuance under control and respond swiftly to excessive market volatility, seeking to reassure investors as concerns over Japan’s fiscal outlook push Japanese government bond yields higher.She also said the government would maintain fiscal sustainability while boosting spending to strengthen growth potential, including by reviewing existing tax breaks and subsidies.Her remarks highlighted growing concerns over rising JGB yields, which are increasing borrowing costs and could make it more expensive for Tokyo to finance its planned spending measures.. Immediate resistance can be seen at 158.00(Psychological level), an upside break can trigger rise towards 158.48(50%fib).On the downside, immediate support is seen at 156.46(SMA 20) a break below could take the pair towards 156.13(61.8%fib).
Equities Recap
European shares closed higher on Monday, while French equities fell to a six-month low amid fiscal concerns and a decline in Schneider Electric following its acquisition of US software firm PTC.
UK's benchmark FTSE 100 closed up by 0.34 percent, Germany's Dax ended up 0.09, France’s CAC finished the day down by 0.80 percent.
The Nasdaq notched a record high close on Monday, lifted by Nvidia and Microsoft, as investors focused on ?a dip in oil prices and looked ahead to quarterly earnings reports.
Dow Jones closed up by 0.18 % percent, S&P 500 closed up by 0.67% percent, Nasdaq settled up by 1.05% percent.
Commodities Recap
Gold prices were steady on Monday as a stronger dollar and elevated US Treasury yields offset reduced expectations of a Federal Reserve rate hike this month.
Spot gold edged 0.1% lower to $4,139.89 per ounce by 2:04 p.m. EDT (1804 ?GMT). US gold futures for December delivery settled 0.1% lower at $4,156.8.
Crude prices dropped nearly $2 on Monday after rising Middle East exports and the G7’s commitment to boost supplies weighed on the market, while ongoing disruption risks from the US-Iran conflict capped losses.
Brent crude futures settled $1.93, or 1.89%, lower at $100.32 a barrel, while US West Texas Intermediate crude lost $1.68, or 1.84%, at $89.43.