Posted at 23 October 2026 / Categories Market Roundups
Market Roundup
•UK Retail Sales (YoY) (Sep) 0.8%, 1.0% forecast, 2.7% previous
•UK Core Retail Sales (YoY) (Sep) 0.8%, 1.5% forecast, 2.9% previous
•UK Core Retail Sales (MoM) (Sep) -0.7%, -0.1% forecast, 0.9% previous
•UK Retail Sales (MoM) (Sep) -0.4%, -0.1% forecast, 0.7% previous
•Denmark Retail Sales (YoY) (Sep) 4.4%, 3.9% previous
•France Services PMI (Oct) 48.4, 50.7 forecast, 51.2 previous
•France Manufacturing PMI (Oct) 49.3, 50.5 forecast, 50.6 previous
•France Composite PMI (Oct) 48.4, 50.5 forecast, 51.1 previous
•Germany Manufacturing PMI (Oct) 54.2, 53.5 forecast, 53.9 previous
•Germany Services PMI (Oct) 51.7, 52.5 forecast, 52.9 previous
•Germany Composite PMI (Oct) 52.8, 53.3 forecast, 53.8 previous
•Eurozone Composite PMI (Oct) 51.9, 52.7 forecast, 53.1 previous
•Eurozone Services PMI (Oct) 51.7, 52.6 forecast, 53.0 previous
•Eurozone Manufacturing PMI (Oct) 52.4, 52.7 forecast, 52.9 previous
•UK Composite PMI (Oct) 53.1, 51.8 forecast, 52.0 previous
•UK Services PMI (Oct) 53.1, 51.8 forecast, 52.1 previous
•Canada Manufacturing Sales (MoM) (Sep) 0.1%, 1.1% previous
•US S&P Global Services PMI (Oct) 57.9, 57.9 forecast, 58.8 previous
•US S&P Global Manufacturing PMI (Oct) 56.0, 55.4 forecast, 55.9 previous
•US S&P Global Composite PMI (Oct) 57.6, 57.6 forecast, 58.4 previous
•US Michigan 1-Year Inflation Expectations (Oct) 4.7%, 4.7% forecast, 4.6% previous
•US Michigan Consumer Expectations (Oct) 48.8, 47.3 forecast, 46.3 previous
•US Michigan Consumer Sentiment (Oct) 48.0, 46.3 forecast, 48.1 previous
•US Michigan 5-Year Inflation Expectations (Oct) 3.5%, 3.5% forecast, 3.4% previous
•US Michigan Current Conditions (Oct) 46.7, 44.7 forecast, 50.9 previous
Looking Ahead Economic Data (GMT)
• 17:00 U.S. Baker Hughes Oil Rig Count 459 previous
• 17:00 U.S. Baker Hughes Total Rig Count 603 previous
Looking Events And Other Releases (GMT)
•No Data Ahead
Currency Forecast
EUR/USD : The euro dipped on Friday as investors were caution surrounding political uncertainty in France and the Middle East war. France's efforts to defuse social unrest showed limited progress, with unions confirming plans for a November 5 general strike over soaring living costs and reductions in public services following inconclusive government negotiations. Oil prices climbed more ?than 1%, with Brent ?crude trading at multi-month highs after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East.The European Central Bank is scheduled to meet ?next week, with investors pricing in more than a 90% probability that it holds ?interest rates steady.The ?ECB has hiked interest rates twice this year to arrest price pressures stemming from elevated oil prices.. Immediate resistance can be seen at 1.1245(38.2%fib), an upside break can trigger rise towards 1.1340(50%fib).On the downside, immediate support is seen at 1.1188(Daily high), a break below could take the pair towards 1.1125(23.6%fib).
GBP/USD: The pound slipped lower on Friday as higher oil prices weighed heavily on risk appetite, while investors parsed economic data .Oil prices hit their highest levels in over five months, with ?Brent crude trading close to $114 a barrel. Rising oil prices have spurred inflation concerns in the global economy, with domestic data this week showing price pressures increased more than expected in September .British retail sales volumes fell 0.4% in ?September ?from August, worse than the 0.1% decline expected by economists, data showed on Friday. Separate data showed consumer confidence plunged in October, its steepest monthly fall since the ?pandemic. Immediate resistance can be seen at 1.3403(38.2%fib), an upside break can trigger rise towards 1.34209(Oct 22nd high).On the downside, immediate support is seen at 1.3289(38.2%fib), a break below could take the pair towards1.3272 (Lower BB).
AUD/USD: The Australian dollar remained on track for a weekly gain of around 1.0%, supported by rising expectations that the Reserve Bank of Australia (RBA).Broader risk sentiment remained under significant pressure as growing concerns over the artificial intelligence (AI) trade weighed on investor confidence and limited demand for risk-sensitive currencies such as the Australian dollar.Market pricing currently indicates a 59.8% probability of a rate hike, up sharply from 29% on Tuesday, reflecting growing concerns over persistent inflationary pressures and the potential impact of higher energy prices on the domestic economic outlook.Immediate resistance can be seen at 0.7045(Higher BB), an upside break can trigger rise towards 0.7058(50%fib).On the downside, immediate support is seen at 0.6986 (38.2% fib), a break below could take the pair towards 0.6977(Lower BB)
USD /JPY : The U.S. dollar edged higher against the yen on Friday as escalating geopolitical risks and expectations of a hawkish Federal Reserve boosted demand for the US dollar.The Japanese currency jumped on Thursday as investors sought safety amid fragile equity markets and concerns about France's fiscal trajectory. Data on Friday showed Japan's annual core consumer inflation exceeded the central bank's 2% target in September for the first time in nine months, a sign of broadening price pressure that bolsters the case for a near-term rate hike.The majority of economists polled by Reuters expect a hold from the BoJ on Friday of next week, followed by a quarter-point hike at the following meeting in December. Beyond the BOJ meeting, investors are also bracing for the Federal Reserve to announce policy decisions next week. Immediate resistance can be seen at 158.00(Psychological level), an upside break can trigger rise towards 158.48(50%fib).On the downside, immediate support is seen at 156.46(SMA 20) a break below could take the pair towards 156.13(61.8%fib).
Equities Recap
European stocks edged lower on Friday and were heading for a weekly loss as declines in Kering and concerns over political uncertainty in France and the ongoing Middle East conflict offset a series of largely upbeat corporate earnings reports.
UK's benchmark FTSE 100 was down by 0.84 percent, Germany's Dax was down by 1.38 percent, France’s CAC was down by 0.99 percent.
Commodities Recap
Gold recovered from a more than three-month low on Friday, but was headed for a second straight weekly decline as elevated energy prices fuelled inflation concerns and reinforced higher-for-longer rate expectations ahead of next week's US Federal Reserve meeting.
Spot gold edged 0.2% higher to $4,030.67 an ounce by 9:18 a.m. EDT (1318 GMT), after ?earlier slipping below the $4,000 mark for the first time since mid-July to a session ?low of $3,986.50. Bullion has lost 3.2% so far this week.US gold futures for ?December delivery fell 0.3% to $4,046.40 per ounce.
Oil prices climbed on Friday, with Brent crude reaching its highest level since early May, as Houthi attacks in Saudi Arabia heightened concerns over potential disruptions to Middle East energy supplies.
Brent crude futures gained $1.71, or 1.5%, to $114.99 a barrel by 1300 GMT, ?having earlier reached $115.16, the highest level since May 4. US West Texas Intermediate crude gained $1.80, ?or 1.8%, to $101.27.