Posted at 22 October 2026 / Categories Market Roundups
Market Roundup
• US Crude Oil Inventories -3.060M, -0.100M forecast, -8.557M previous
•US Cushing Crude Oil Inventories 0.987M, 1.862M previous
•US Gasoline Inventories -2.952M, -0.400M forecast, 3.518M previous
•US EIA Refinery Crude Runs (WoW) 0.034M, 0.135M previous
•US Heating Oil Stockpiles 0.652M, -0.448M previous
•US Distillate Fuel Production 0.043M, -0.101M previous
•US EIA Weekly Refinery Utilization Rates (WoW) -0.1%, 0.8% previous
•US Gasoline Production 0.518M, -0.117M previous
•US Crude Oil Imports 0.837M, -0.596M previous
Looking Ahead Economic Data (GMT)
• No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Forecast
EUR/USD : The euro edged higher against the US dollar on Wednesday as traders weighed renewed oil-driven inflation risks and waited for next week's Federal Reserve meeting. The ongoing US war with Iran has increased fears that oil-driven inflation could affect Fed policy.Fed funds traders see only a small chance of a hike next week, with the next interest rate increase expected in December. Fed Chairman Kevin Warsh is also unlikely to hint at future moves. Investors are also focused on the Fed’s October ?27-28 policy meeting and next week’s US Personal Consumption Expenditures (PCE) report for clues on future rate ?moves. The dollar index , which measures the greenback against a basket of currencies fell 0.14% to 101.65.The euro was up 0.01% at $1.1237. Immediate resistance can be seen at 1.1255(SMA 20), an upside break can trigger rise towards 1.1299(38.2%fib).On the downside, immediate support is seen at 1.1155(23.6%fib), a break below could take the pair towards 1.1113(Lower BB).
GBP/USD: The pound strengthened against the US dollar on Wednesday as investors assessed hotter-than-expected UK inflation data, which reinforced expectations of a potential Bank of England rate hike in November. Annual consumer price inflation rose to 3.5% in September from 3.1% in August, according to the Office for National Statistics. The stronger reading is likely to intensify calls for additional household support in next week’s budget, particularly for those affected by rising energy costs. Meanwhile, persistent inflationary pressures could strengthen the case for further monetary tightening and provide support for sterling. Immediate resistance can be seen at 1.3387(Higher BB ), an upside break can trigger rise towards 1.3408(50%fib).On the downside, immediate support is seen at 1.3299(38.2%fib), a break below could take the pair towards1.3257(SMA20).
USD/CAD : The Canadian dollar hovered near 1 month higher against dollar as investors stuck with bets the Bank of Canada would raise interest rates at a policy decision next week.On Saturday, Bank of Canada Governor Tiff Macklem said the central bank expects to raise its quarterly inflation forecast significantly this month owing to persistently high crude oil and petroleum product prices.Investors see a roughly 80% chance the BoC raises its benchmark interest rate by 25 basis points to 2.50% on October 28.The price of oil, one of Canada's major exports, fell on Wednesday as investors weighed possible progress toward Russia-Ukraine talks against declining US oil stocks. Canadian retail sales data for August, due on Friday, could offer clues on the state of the domestic economy. Analysts expect sales to rebound 1.3% after falling 0.7% in July. Immediate resistance can be seen at 1.4104 (50%fib), an upside break can trigger rise towards 1.4186 (38.2%fib).On the downside, immediate support is seen at 1.4040 (61.8%fib), a break below could take the pair towards 1.3976(Lower BB).
USD /JPY : The US dollar edged lower against yen on Wednesday after government data released on Wednesday showed Japan's exports in September.Japan’s exports increased by 16.7% year-on-year in September, according to government data released on Wednesday, supported by robust demand for semiconductors and artificial intelligence-related products.Japan’s exports extended their growth streak to 13 months, after rising 19.3% in August, official data showed. Despite the continued expansion, the latest increase was below economists’ expectations of 20.1%.On the monetary policy front, the Bank of Japan is widely expected to leave interest rates unchanged next week before implementing a rate hike in December. Immediate resistance can be seen at 158.71(38.2%fib), an upside break can trigger rise towards 159.16(Higher BB).On the downside, immediate support is seen at 158.02(SMA 20) a break below could take the pair towards 157.00(Psychological level ).
Equities Recap
European shares climbed on Wednesday, recovering nearly all their losses since the weekend unrest in France, as stronger-than-expected corporate earnings lifted investor sentiment and helped offset concerns over economic and political uncertainty.
UK's benchmark FTSE 100 closed up by 0.19percent, Germany's Dax ended up by 1.35percent, France’s CAC finished the day up by 1.06 percent.
Wall Street ended Wednesday on a positive note, led by the Nasdaq, as quarterly results from SpaceX and Super Micro Computer strengthened investor confidence in AI-related shares, offsetting pressure from communication services stocks.
Dow Jones closed up by 0.69% percent, S&P 500 closed up by 0.59 % percent, Nasdaq settled up by 1.05% percent.
Commodities Recap
Gold prices edged higher on Wednesday, recovering from a near one-week low as declining US Treasury yields supported bullion, while investors awaited next week’s Federal Reserve policy meeting.
Spot gold was up 0.3% at $4,137.94 per ounce by 2:12 p.m. EDT (1812 GMT) after hitting its lowest since ?October 15 in earlier trade. US gold futures for December delivery settled 0.2% higher ?at $4,150 per ounce.
Oil prices ended largely unchanged on Wednesday as investors weighed prospects for Russia-Ukraine peace talks against falling US crude inventories and the absence of diplomatic engagement between Washington and Tehran.
Brent crude futures settled 3 cents, or 0.03% higher, at $108.82 a barrel. US West Texas Intermediate crude closed down 67 cents, or 0.7%, at $97.15.