Posted at 13 October 2026 / Categories Market Roundups
Market Roundup
• German CPI (MoM) (Sep) 0.6%, 0.6% forecast, 0.2% previous
•German CPI (YoY) (Sep) 3.3%, 3.3% forecast, 2.9% previous
•German HICP (MoM) (Sep) 0.6%, 0.6% forecast, 0.2% previous
•German HICP (YoY) (Sep) 3.3%, 3.3% forecast, 2.9% previous
•Italian 15-Year BTP Auction 4.84%, 3.95% previous
•Italian 3-Year BTP Auction 3.69%, 3.43% previous
•Italian 7-Year BTP Auction 4.24%, 3.98% previous
•US ADP Employment Change Weekly 24.80K, 23.80K previous
•US Redbook (YoY) 10.4%, 8.6% previous
•US Existing Home Sales (Sep) 3.99M, 3.95M forecast, 3.93M previous
•US Existing Home Sales (MoM) (Sep) 1.5%, -3.2% previous
Looking Ahead Economic Data (GMT)
•15:30 US 3-Month Bill Auction 4.050% previous
•15:30 US 6-Month Bill Auction 4.165% previous
Looking Ahead Economic Data (GMT)
•16:00 UK BoE MPC Member Dhingra Speaks
•17:00 US FOMC Member Barkin Speaks
•17:30 EU ECB's Lane Speaks
Currency Forecast
EUR/USD : The euro edged higher on Tuesday as dollar investors hoping the Middle East conflict would remain contained ahead of US midterm elections and shifting focus to the Federal Reserve's rate path.Markets expect US President Donald Trump to avoid escalation in the Middle East and Ukraine, as wider conflict could hurt his standing ahead of the midterm elections.Oil prices fell on Tuesday and were on track for their first decline in nearly a week as traders weighed the prospect of additional diesel supplies from Russia.Wednesday's September consumer price index reading should provide further clues about possible Fed tightening.Traders see an 80% chance of the Fed leaving rates unchanged this month, up from 51% a month ago, while pricing in about 75 basis points of tightening by late 2027, CME's FedWatch Tool showed. Immediate resistance can be seen at 1.1126(Daily high), an upside break can trigger rise towards 1.1285(38.2%fib).On the downside, immediate support is seen at 1.1147(23.6%fib), a break below could take the pair towards 1.1056(Lower BB).
GBP/USD: The pound edged lower versus the dollar as oil prices dropped and markets expect geopolitical tensions to remain subdued before US midterm elections.Oil prices slid more than 1.5% reversing some of the previous session’s gains after Brent reached a nearly one-month high, as concerns over attacks on Saudi Arabia were balanced against the prospect of additional diesel supplies from Russia. The International Monetary Fund's upward revision to its forecast for British economic ?growth this year adds to signs that rates are not very restrictive, BoE policymaker Megan Greene said ?on Tuesday. 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).
AUD/USD: The Australian dollar edged higher on Tuesday as investors assessed the minutes of the Reserve Bank of Australia's September policy meeting, which reinforced the central bank's hawkish stance amid persistent inflation risks. The minutes showed unanimous support among Monetary Policy Board members for a 25-basis-point rate hike to 4.60% at the September 28–29 meeting. Policymakers noted that several inflationary risks identified in August had either materialised or intensified, despite the economy remaining resilient amid slowing demand. Investors are now looking ahead to Australia's September employment report, due on Thursday, for fresh clues about labour market conditions and the RBA's future policy direction. Immediate resistance can be seen at 0.6984 (38.2%fib), an upside break can trigger rise towards 0.7010(SMA20).On the downside, immediate support is seen at 0.6902 (23.6%fib), a break below could take the pair towards 0.6859(Lower BB)
USD /JPY : The US dollar edged higher against the yen on Tuesday as investors assessed the Bank of Japan's policy outlook following its September rate hike and signals that further monetary tightening remains possible. The BOJ is scheduled to release its latest quarterly economic growth and inflation forecasts at its October 29–30 meeting, with markets seeking clues on the timing of the next rate increase. Many analysts expect another hike by the end of the year. Meanwhile, Japan's wholesale prices rose 6.8% year-on-year in September, easing from the previous month but highlighting persistent inflationary pressures that support expectations of further BOJ tightening. Immediate resistance can be seen at 158.73(23.6%fib), an upside break can trigger rise towards 158.58(Higher BB).On the downside, immediate support is seen at 158.62(Daily low) a break below could take the pair towards 158.32(50%fib).
Equities Recap
European shares dipped on Tuesday as a renewed global tech sell-off, fuelled by concerns over the sustainability of the AI trade, spilled over into European markets.
UK's benchmark FTSE 100 was down by 0.08percent, Germany's Dax was down by 0.01 percent, France’s CAC was down by 0.23 percent.
Commodities Recap
Gold prices edged higher on Tuesday as a weaker dollar and falling oil prices supported the metal, while investors awaited key US inflation data and remarks from the Federal Reserve Chair later this week for clues on the monetary policy outlook.
Spot gold rose 0.2% to $4,178.97 per ?ounce by 9:19 a.m. EDT (1319 GMT). US gold futures for December delivery were ?up 0.3% to $4,202.70 per ounce.
Oil prices dropped more than 1.5% on Tuesday after Brent crude reached a near one-month high in the previous session, as traders assessed attacks on Saudi Arabia and the prospect of additional Russian diesel supplies.
Brent crude futures were down $1.80, or 1.69%, to $104.85 a barrel by 1253 GMT, while US West Texas Intermediate crude futures were down $1.19, or 1.27%, at $92.55 a barrel.