Posted at 16 October 2026 / Categories Market Roundups
Market Roundup
•US Retail Sales (MoM) (Sep) 0.8%, 0.3% forecast, 1.3% previous
•US PPI (MoM) (Sep) 1.3%, 0.6% forecast, 0.5% previous
•US Core Retail Sales (MoM) (Sep) 0.9%, 0.6% forecast, 1.4% previous
•US Philadelphia Fed Manufacturing Index (Oct) 20.9, 28.2 forecast, 37.8 previous
•US Initial Jobless Claims 199K, 199K forecast, 198K previous
•US Philly Fed Employment (Oct) 9.1, 11.8 previous
•US Retail Control (MoM) (Sep) 0.1%, 0.3% forecast, 1.2% previous
•US NY Empire State Manufacturing Index (Oct) 25.50, 12.10 forecast, 7.60 previous
•US Core PPI (MoM) (Sep) 0.7%, 0.3% forecast, 0.2% previous
•US Continuing Jobless Claims 1,710K, 1,710K forecast, 1,714K previous
•US Philly Fed Business Conditions (Oct) 33.0, 52.9 previous
•US Philly Fed Prices Paid (Oct) 43.20, 48.60 previous
•US Core PPI (YoY) (Sep) 5.0%, 4.4% forecast, 4.8% previous
•US Philly Fed CAPEX Index (Oct) 34.90, 37.10 previous
•US Retail Sales Ex Gas/Autos (MoM) (Sep) 0.2%, 1.1% previous
•US PPI ex. Food/Energy/Transport (MoM) (Sep) 0.5%, 0.3% previous
•US PPI ex. Food/Energy/Transport (YoY) (Sep) 5.0%, 4.8% previous
•US PPI (YoY) (Sep) 6.3%, 5.3% forecast, 5.6% previous
•US Philly Fed New Orders (Oct) 4.3, 29.2 previous
•US Retail Sales (YoY) (Sep) 6.29%, 5.56% previous
•US Jobless Claims 4-Week Avg. 198.50K, 198.25K previous
•Canada Wholesale Sales (MoM) (Aug) -1.6%, -1.5% forecast, 0.4% previous
•Canada Manufacturing Sales (MoM) (Aug) 1.5%, 1.1% forecast, -0.3% previous
•Canada Capacity Utilization Rate (Aug) 81.9%, 80.7% previous
•Canada New Motor Vehicle Sales (MoM) (Aug) 174.6K, 176.2K previous
•US Business Inventories (MoM) (Aug) 0.4%, 0.4% forecast, 0.9% previous
•US Retail Inventories Ex Auto (Aug) 0.0%, 0.1% forecast, 0.1% previous
•US Natural Gas Storage 67B, 76B forecast, 85B previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Economic Data (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the securities of AI data center firms.US producer prices rose by the most in 4-1/2 years in September as goods and services costs increased, adding to evidence that inflation pressures are spreading beyond energy.Retail sales rose more than expected last month, lifted by higher gasoline prices, while weekly jobless claims marginally increased, pointing to resilient consumer demand and a stable labor market. Euro bounce 0.56% from an 18-month trough to $1.1218, putting it on track for its biggest daily gain in nearly two months. The dollar index, which measures the US currency against a basket of peers, fell 0.45% to 101.99.Immediate resistance can be seen at 1.1250(38.2%fib), an upside break can trigger rise towards 1.1285(SMA 20).On the downside, immediate support is seen at 1.1118(23.6%fib), a break below could take the pair towards 1.1035(Lower BB).
GBP/USD: The pound strengthened against the US dollar after data showed that the UK economy unexpectedly expanded in August, outperforming market expectations. Gross domestic product (GDP) rose by 0.1%, defying economists’ forecasts for a 0.1% contraction, as continued growth in computer programming highlighted the potential contribution of artificial intelligence to economic activity.The Office for National Statistics (ONS) reported the expansion, which could influence the Bank of England’s interest-rate decision next month. With economic activity proving more resilient than anticipated, third-quarter GDP growth now appears likely to exceed the central bank’s 0.4% forecast, potentially shaping policymakers’ assessment of the outlook for growth and inflation. Immediate resistance can be seen at 1.3296(38.2%fib), an upside break can trigger rise towards 1.3360(Higher BB).On the downside, immediate support is seen at 1.3196(Daily low), a break below could take the pair towards1.3129(Lower BB).
USD/CAD: Canadian dollar firmed on Thursday as upbeat Canadian factory sales data and higher oil price supported loonie.Canada’s manufacturing sales rose in August, while wholesale trade declined, although the impact of the new 50% US tariffs was not yet reflected in the data.The figures released on Thursday showed that Canadian manufacturing sales increased 1.5% to C$79.9 billion in August, following a 0.3% decline in the previous month. Meanwhile, Canadian wholesale trade fell 1.6% to C$91.6 billion in August, with sales declining in five of the seven subsectors .In oil markets, Brent crude reversed losses and was up 0.2% at $106.35 a barrel as traders weighed up the effects of US sanctions relief on supply against attacks on shipping through the Strait of Hormuz. Immediate resistance can be seen at 1.4307(23.6%fib), an upside break can trigger rise towards 1.4348(Higher BB).On the downside, immediate support is seen at 1.4201(38.2%fib), a break below could take the pair towards 1.4181 (SMA 20)
USD /JPY : The US dollar initially dipped but recovered ground against the yen on Thursday as investors digested Japanese Finance Minister Satsuki Katayama comments.Japanese Finance Minister Satsuki Katayama said on Thursday that authorities must remain highly vigilant over exchange-rate movements, telling G20 counterparts that currency fluctuations require urgent attention. G20 finance leaders also reaffirmed their commitment to exchange-rate policy during meetings on the sidelines of the IMF's annual meetings in Bangkok. The yen's continued depreciation has raised concerns about possible intervention, particularly as higher fuel prices linked to the Middle East conflict add to Japan's import costs. Immediate resistance can be seen at 158.37(50%fib), an upside break can trigger rise towards 159.23(Higher BB).On the downside, immediate support is seen at 157.68(Daily low) a break below could take the pair towards 156.65(Lower BB).
Equities Recap
European shares hit their highest in more than ?two weeks on Thursday, helped by solid earnings and a surge in healthcare stocks which have emerged as a refuge for global investors when the AI trade fades.
UK's benchmark FTSE 100 closed up by 1.08 percent, Germany's Dax ended up 0.33%, France’s CAC finished the day up by 0.78 percent.
The S&P 500 closed higher on Thursday, recovering from early losses as investors rotated out of AI stocks amid growing concerns and moved into healthcare and consumer shares, including Eli Lilly and UnitedHealth.
Dow Jones closed up by 0.09 % percent, S&P 500 closed up by 0.33% percent, Nasdaq settled up by 0.08% percent.
Commodities Recap
Gold prices rose more than 1% on Thursday, putting the metal on track to break a three-session losing streak, as a weaker US dollar and declining Treasury yields supported prices.
Spot gold was up 1.2% at $4,153.42 per ounce ?by 2:01 p.m. EDT (1801 GMT), after slipping to a one-week low in the ?previous session. US gold futures for December delivery settled 1.5% higher at $4,170.10 ?per ounce.
Oil prices held steady on Thursday, with Brent crude fluctuating as markets weighed the possibility of Washington easing restrictions on shadow-fleet tankers against persistent geopolitical risks stemming from the Middle East conflict.
The international benchmark settled down 14 cents, or 0.13%, at $105.92 a barrel.US West Texas Intermediate crude futures settled up $2.88, or 3.03%, to $97.97 a barrel, after a large US crude stock draw helped support prices.