Posted at 09 October 2026 / Categories Market Roundups
Market Roundup
•Italian Industrial Production (YoY) (Aug) 0.0%, -0.1% previous
•talian Industrial Production (MoM) (Aug) -1.3%, 0.0% forecast, 0.6% previous
•Greek Industrial Production (YoY) (Aug) 5.8%, -1.2% previous
•Greek HICP (YoY) (Sep) 5.1%, 3.7% previous
•Greek CPI (YoY) (Sep) 5.0%, 3.8% previous
•Canadian Unemployment Rate (Sep) 6.5%, 6.5% forecast, 6.4% previous
•Canadian Employment Change (Sep) -68.3K, 6.1K forecast, -41.7K previous
•Canadian Part Time Employment Change (Sep) -32.9K, -5.8K previous
•Canadian Avg Hourly Wages Permanent Employee (Sep) 2.3%, 2.3% forecast, 2.0% previous
•Canadian Full Employment Change (Sep) -35.4K, -35.9K previous
•Canadian Participation Rate (Sep) 64.8%, 65.0% forecast, 65.0% previous
•US Michigan Consumer Expectations (Oct) 47.3, 45.9 forecast, 46.3 previous
•US Michigan 1-Year Inflation Expectations (Oct) 4.7%, 4.8% forecast, 4.6% previous
•US Michigan 5-Year Inflation Expectations (Oct) 3.5%, 3.5% forecast, 3.4% previous
•US Michigan Consumer Sentiment (Oct) 46.3, 47.5 forecast, 48.1 previous
•US Michigan Current Conditions (Oct) 44.7, 50.5 forecast, 50.9 previous
Looking Ahead Economic Data (GMT)
• 17:00 U.S. Baker Hughes Oil Rig Count 456 previous
•17:00 U.S. Baker Hughes Total Rig Count 598 previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro was headed for a fifth straight weekly drop on Friday, though the selling streak lost momentum as France's beleaguered bond market stabilised and a fall in energy prices and US yields took the steam out of the dollar's rally.The euro zone's currency hit a 17-month low of $1.1161 on Monday as investors worried about France's record public debt and the difficult political path to budget cuts, in contrast with a robust-looking US economy and currency. The euro has recovered some of the loss and was flat on Friday at $1.121, for a fall so far this week of 0.4%and a five-week drop of more than 3% on the dollar. Immediate resistance can be seen at 1.1294(38.2%fib), an upside break can trigger rise towards 1.1393(50%fib).On the downside, immediate support is seen at 1.1188(23.6%fib), a break below could take the pair towards 1.1111(Lower BB).
GBP/USD: The pound rose on Friday as the dollar dipped on the back of falling oil prices, with Britain's currency set to end the week little changed against the US currency but higher versus the euro.Currency markets have been roiled over the last two weeks by sharp rises in bond yields around the world, driven by rising energy prices. Oil prices eased after U.S. ?President Donald Trump said Washington would not attack Iran before ?next month's U.S. elections, amid what he described as productive talks to ?end a war that has disrupted global energy markets. Sterling was last up 0.1% at $1.324. It fell to $1.3184 on Thursday as the dollar strengthened, around its lowest since late June. Immediate resistance can be seen at 1.3297(38.2%fib), an upside break can trigger rise towards 1.3339(SMA 20).On the downside, immediate support is seen at 1.3165(23.6%fib), a break below could take the pair towards1.3111 (Lower BB).
AUD/USD: The Australian dollar gained some traction on Friday as a temporary easing in global bond-market anxiety improved risk sentiment, prompting traders to reassess their positions in the Australian dollar.The Reserve Bank of Australia's September monetary policy meeting minutes, due on Tuesday, will be closely scrutinized for further insight into policymakers' assessment of inflationary pressures, economic growth and the outlook for interest rates.Investors will also focus on September employment data next week for further guidance on the outlook, following an unexpected rise in the unemployment rate to a five-year high of 4.6% in August.On the Geopolitical front, U.S. President Donald Trump ruled out fresh attacks on Iran ahead of the U.S. midterm elections, easing some immediate concerns about a further escalation in Middle East tensions. Immediate resistance can be seen at 0.6991(38.2%fib), an upside break can trigger rise towards 0.7063(50%fib).On the downside, immediate support is seen at 0.6967 (SMA 20), a break below could take the pair towards 0.6935(Lower BB)
USD /JPY : The U.S. dollar edged higher against the yen on Friday as the Japanese yen weakened following data showing that household spending contracted for a ninth consecutive month in August.Japanese household spending declined for the ninth consecutive month in August, although the pace of contraction was slower than market expectations, government data showed on Friday.Japanese consumer spending fell 3.1% year-on-year in August, according to data from the Internal Affairs Ministry, easing less than the market-expected decline of 3.6%.On a seasonally adjusted monthly basis, household spending edged up 0.1%, falling short of market expectations for a 0.5% increase.The indicator will be among factors the Bank of Japan will scrutinise as it decides ?whether to raise interest rates in coming months. Immediate resistance can be seen at 158.53(Higher BB), an upside break can trigger rise towards 159.00(Psychological level).On the downside, immediate support is seen at 158.14(SMA 20) a break below could take the pair towards 157.78(38.2%fib).
Equities Recap
European stocks rebounded on Friday as oil prices and bond yields eased on hopes of a pause in the Middle East war, though telecom stocks slid after SpaceX's deal to acquire a nationwide spectrum portfolio in the US caused ripples across the sector.
UK's benchmark FTSE 100 was down by 1.02 percent, Germany's Dax was up by 1.14 percent, France’s CAC was up by 0.95 percent.
Commodities Recap
Oil fell on ?Friday as Middle East supply concerns eased after President Donald Trump said the US would not attack Iran before midterm elections next month and talked of "productive" talks to end their war that has disrupted global energy markets.
Brent crude futures dropped $1.10, or 1.1%, ?to $103.18 a barrel by 1328 GMT. US West Texas Intermediate (WTI) crude futures fell 49 ?cents or 0.5% to $91.00.
On a weekly basis, Brent prices are set to rise after settling 4% higher ?on Thursday, while WTI is set for a slight decline.
Gold rose to a one-week high on Friday, as falling oil prices eased concerns around inflation and pressure on US Treasuries, while traders assessed the likelihood of further US Federal Reserve interest rate hikes.
Spot gold rose 1.3% to $4,186.04 ?by 09:39 a.m. EDT (1339 GMT), heading for a weekly gain of about 1%. ?The metal fell to a two-month low on Wednesday as a stronger ?dollar and rising US Treasury yields weighed on the non-yielding metal.