Posted at 12 October 2026 / Categories Market Roundups
Market Roundup
• French 12-Month BTF Auction 3.255%, 3.262% previous
•French 3-Month BTF Auction 2.761%, 2.786% previous
•French 6-Month BTF Auction 2.964%, 2.997% previous
Looking Ahead Economic Data (GMT)
•23:50 Japan Bank Lending (YoY) (Sep) 5.5% forecast, 5.4% previous
•23:50 Japan PPI (MoM) (Sep) 0.5% forecast,-0.2% previous
•23:50 Japan PPI (YoY) (Sep)7.6% forecast, 7.6% previous
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower on Monday as rising Middle East tensions boosted demand for the safe-haven dollar ahead of this week’s key US inflation figures. Oil markets were volatile following intensified Houthi attacks on Saudi Arabia and weekend strikes on two tankers. Data from the US markets regulator indicated that investors increased their net bullish dollar positions to approximately $36 billion in the week ended October 7, compared with $8.4 billion three weeks earlier, largely reducing exposure to the euro. Wednesday’s US CPI report could provide crucial guidance on the dollar’s outlook ahead of the Fed’s policy meeting. Immediate resistance can be seen at 1.1184(38.2%fib), an upside break can trigger rise towards 1.1199(SMA20).On the downside, immediate support is seen at 1.1159(23.6%fib), a break below could take the pair towards 1.1149(Lower BB).
GBP/USD: The pound weakened against the dollar on Monday as investors awaited public appearances by Bank of England officials, while uncertainty surrounding the Middle East conflict kept market volatility in check. US inflation data due later this week could shape expectations for year-end interest rates and influence other central banks, including the BoE, as they contend with war-driven inflationary pressures. Money markets are pricing in roughly a 90% chance of a BoE rate hike on November 5, with rates expected to rise further through 2027, reaching 4.75% in a year from the current 3.75%Immediate resistance can be seen at 1.3222(SMA20), an upside break can trigger rise towards 1.3255(Higher BB).On the downside, immediate support is seen at 1.3191(Lower BB), a break below could take the pair towards1.3175(23.6%fib).
USD/CAD : The Canadian dollar edged lower against its US counterpart on Monday as weak Canadian employment data and stronger dollar weighed on Canadian dollar.Data on Friday showed Canada’s labour market weakened for a second consecutive month in September, with employment falling by 68.3K against expectations for a 7K increase. The Unemployment Rate rose to 6.5% from 6.4%.The greenback strengthened amid rising tensions in the Middle East, with markets looking ahead to crucial U.S. inflation figures scheduled for release later this week.Investors now await Wednesday’s September US CPI report, followed by Thursday’s PPI data for further clues on inflationary pressures.Immediate resistance can be seen at 1.4315 (23.6%fib), an upside break can trigger rise towards 1.4364 (Higher BB).On the downside, immediate support is seen at 1.4204 (38.2%fib), a break below could take the pair towards 1.4172 (SMA20).
USD /JPY : The U.S. dollar edged higher against the yen on Monday, supported by safe-haven demand amid the ongoing Middle East conflict, while investors awaited key U.S. inflation data due later this week for clues on the Federal Reserve’s interest-rate outlook.Market attention is shifting to Wednesday’s U.S. Consumer Price Index (CPI) report, one of the last major economic releases before the Fed’s late-October policy meeting.The Fed raised interest rates last month for the first time since 2023 to curb inflation, prompting investors to closely monitor incoming economic data for signals of further policy tightening.Traders are pricing in an 81% probability that the Fed will leave rates unchanged this month, up from 51% a month earlier, according to the CME FedWatch tool. Immediate resistance can be seen at 158.73(50%fib), an upside break can trigger rise towards 159.01(Higher BB).On the downside, immediate support is seen at 157.61(SMA20) a break below could take the pair towards 157.13(61.8%fib).
Equities Recap
Europe's equity benchmark rose on Monday, kicking off a busy week on a strong note as a surge in bank shares helped absorb the hit from ?higher oil prices.
UK's benchmark FTSE 100 closed up by 0.99 percent, Germany's Dax ended up by 0.76 percent, France’s CAC finished the day up by 0.38 percent.
The Nasdaq Composite slipped on Monday as oil prices rose nearly $2 a barrel amid reports of attacks on a Saudi airport, while market participants prepared for third-quarter earnings from major banks and important economic data later this week.
Dow Jones closed up by 0.38% percent, S&P 500 closed down by 0.06 % percent, Nasdaq settled down by 0.44% percent.
Commodities Recap
Gold prices eased after touching a one-week high on Monday, pressured by a firmer dollar and higher oil prices, while investors awaited US inflation data for clues on the Federal Reserve's interest-rate trajectory.
Spot gold slipped ?0.6% to $4,169.10 per ounce by 1:45 p.m. EDT (1745 GMT), having hit its highest ?level since October 2 earlier in the session. US gold ?futures for December delivery settled 0.6% lower at $4,190.60 per ounce.