Posted at 24 October 2026 / Categories Market Roundups
Market Roundup
• Canada Core Retail Sales (Aug) 1.2% actual, 1.1% forecast, -0.7% previous
•Canada Retail Sales (Aug) 1.2% actual, 1.3% forecast, -0.7% previous
•Canada Manufacturing Sales (Sep) 0.1% actual, 1.1% previous
•Canada Retail Sales (Sep) 0.7% actual, 1.2% previous
•US S&P Global Services PMI (Oct) 57.9 actual, 57.9 forecast, 58.8 previous
•US S&P Global Manufacturing PMI (Oct) 56.0 actual, 55.4 forecast, 55.9 previous
•US S&P Global Composite PMI (Oct) 57.6 actual, 57.6 forecast, 58.4 previous
•US Michigan 1-Year Inflation Expectations (Oct) 4.7% actual, 4.7% forecast, 4.6% previous
•US Michigan Consumer Expectations (Oct) 48.8 actual, 47.3 forecast, 46.3 previous
•US Michigan Consumer Sentiment (Oct) 48.0 actual, 46.3 forecast, 48.1 previous
•US Michigan 5-Year Inflation Expectations (Oct) 3.5% actual, 3.5% forecast, 3.4% previous
•US Michigan Current Conditions (Oct) 46.7 actual, 44.7 forecast, 50.9 previous
•US Baker Hughes Oil Rig Count 460, 459 previous
•US Baker Hughes Total Rig Count 603,603 previous
Looking Ahead Economic Data (GMT)
• No Data Ahead
Looking Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
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 downbeat UK retail sales data weighed on Pound.British retail spending weakened in September as warm weather hurt clothing sales and higher fuel prices squeezed budgets, while consumer confidence plunged in October.UK retail sales volumes fell 0.4% in September, exceeding economists’ expectations for a 0.1% decline, according to a Reuters poll.Over the three months to September, total sales volumes rose by 0.7%, helped by the soccer World Cup and a summer heat wave, according to the Office for National Statistics.Meanwhile, British Prime Minister Andy Burnham said on Friday that next week’s first annual budget statement will give businesses “breathing space to grow. 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).
USD/CAD: The Canadian dollar strengthened to a five-week high against the US dollar on Friday, supported by rising oil prices and domestic retail sales data that reinforced expectations of a Bank of Canada rate hike next week.Canadian retail sales rose 1.2% in August from July, driven by higher sales at motor vehicle and parts dealers, while a preliminary estimate indicated a further 0.7% increase in September. Markets are pricing in roughly an 80% chance of a rate hike at the BoC’s upcoming meeting.Expectations for tighter monetary policy have increased in recent days following hawkish remarks from Governor Tiff Macklem and Alberta’s vote by a large majority to remain part of Canada. Meanwhile, oil prices, a key driver of the commodity-linked Canadian dollar, climbed after Houthi attacks in Saudi Arabia heightened concerns about further disruptions to energy supplies from the Middle East.Immediate resistance can be seen at 1.4027(38.2%fib), an upside break can trigger rise towards 1.4150(50%fib).On the downside, immediate support is seen at 1.3968(Lower BB), a break below could take the pair towards 1.3912 (38.2%fib).
USD /JPY : The U.S. dollar edged higher against the yen on Friday, supported by rising geopolitical risks and expectations of a hawkish Federal Reserve. The Japanese currency had strengthened on Thursday as investors sought safe-haven assets amid fragile equity markets and concerns over France’s fiscal outlook. Meanwhile, Japan’s core inflation exceeded the Bank of Japan’s 2% target in September for the first time in nine months, reinforcing expectations of a potential near-term rate hike. Most economists surveyed by Reuters expect the BoJ to hold rates at its meeting next week before delivering a 25-basis-point hike in December. Investors are also awaiting the Federal Reserve’s policy decision next week for further clues on the U.S. interest-rate outlook. 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 recorded their steepest weekly decline since early September as political tensions in France and rising oil prices weighed on sentiment, offsetting optimism from a series of stronger-than-expected corporate earnings reports.
UK's benchmark FTSE 100 closed down by 0.32% percent, Germany's Dax ended down 0.75 %, France’s CAC finished the day down by 0.36% percent.
US stocks finished lower on Friday as technology shares showed signs of stabilizing after a turbulent week dominated by AI-related concerns, while investors turned their attention to major corporate earnings and the Fed’s interest-rate decision.
Dow Jones closed down by 1.23 % percent, S&P 500 closed down by 0.52% percent, Nasdaq settled down by 0.21% percent.
Commodities Recap
Gold prices fell to a three-month low on Friday and were on track for their steepest weekly decline in more than four months, as rising energy prices heightened inflation concerns and strengthened expectations of higher U.S. interest rates ahead of next week’s Federal Reserve meeting.
Spot gold fell 0.6% to $3,998.35 an ounce by 11:20 a.m. EDT (1520 GMT), slipping below the $4,000 mark for the first time since mid-July and touching a session low of $3,975.23.US gold futures for December delivery settled 1.3% lowerat$4,007.90 per ounce.
Oil prices settled more than $3 higher on Friday, reaching their highest level in nearly six months as Houthi attacks in Saudi Arabia heightened fears of further disruptions to Middle East energy supplies.
Brent crude futures settled at $116.72 a barrel, up $3.55 or 3.14%, their highest since April 29. US West Texas Intermediate crude closed at $103.27 a barrel, up $3.80 or 3.8%.