Posted at 26 October 2026 / Categories Market Roundups
Market Roundup
• Germany German Business Expectations (Oct) 91.6 actual, 90.0 forecast, 90.4 previous
• Germany Ifo Business Climate Index (Oct) 90.2 actual, 90.0 forecast, 89.9 previous
• Germany Current Assessment (Oct) 88.8 actual, 89.9 forecast, 89.5 previous
• UK CBI Distributive Trades Survey (Oct) -10 actual, -47 forecast, -55 previous
Looking Ahead Economic Data (GMT)
•14:00 US Dallas Fed Manufacturing Business Index (Oct) 9.8 actual
•14:00 US 3-Month Bill Auction 4.095% previous
•14:00 US 6-Month Bill Auction 4.220% previous
•14:00 US 2-Year Note Auction 4.787% previous
Looking Ahead Economic Data (GMT)
• No data ahead
Currency Forecast
EUR/USD : ?The euro traded in narrow range on Monday ahead of a busy week of central bank meetings.Five major central banks will announce policy decisions later in the week. The US Federal Reserve, the European Central Bank and the Bank of Japan are all expected to hold rates steady despite inflation pressures, while leaving the door ajar for December hikes.Investors will focus on any clues about the rate outlook, as a potential AI-driven selloff in US stocks could tilt the Fed towards a more dovish stance.The euro had lost ground last week as a selloff in French government bonds drove the country's debt risk premium to its highest level since the 2011 sovereign debt crisis, reigniting concerns about renewed financial stress across the euro zone.. 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 eased against dollar on Monday ahead of Wednesday's ?budget announcement in a week packed with central bank meetings. British finance minister John Healey looks ?set to announce a cautious first budget, prioritising stability in the bond market over the ?kind of big spending moves that Andy Burnham talked about when he became prime minister.The pound has drawn support largely from easing concerns over the UK's debt risk premium, making investors less concerned ?that Britain could face the kind of market pressure seen in France. Meanwhile,investors ?will closely ?watch the outcome of central bank meetings later ?this week, with policy decisions due from the Federal Reserve, European Central Bank, Bank of Japan, Reserve Bank ?of New Zealand and Bank of Canada.. 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 edged higher as investors turned their attention to key inflation data due this week, which could determine whether the Reserve Bank of Australia (RBA) delivers another interest-rate hike in the near term. The currency gained support against the US dollar amid rising expectations of further monetary tightening, with markets considering the possibility of a fifth rate increase this year. However, uncertainty persists following Australia's unemployment rate rising to 4.7%, its highest level in five years, signalling growing weakness in the labour market.Australia's quarterly inflation report, scheduled for release on Wednesday, is expected to provide important clues about the RBA's policy direction. The trimmed mean consumer price index (CPI), the central bank's preferred measure of underlying inflation, is forecast to increase by 1.0% quarter-on-quarter, keeping annual underlying inflation at 3.6%..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 US dollar edged higher against the Japanese yen on Monday as investors prepared for a busy week of major central bank policy decisions and key economic data releases. Five major central banks are scheduled to review their monetary policy settings, with the Federal Reserve, European Central Bank (ECB) and Bank of Japan (BoJ) widely expected to keep interest rates unchanged. However, markets will closely scrutinize policymakers' statements for clues about potential rate hikes in December, as persistent inflationary pressures continue to shape the global monetary policy outlook.The Bank of Japan is expected to maintain its policy rate at 1.25% at the conclusion of its two-day meeting on Friday. Holding rates steady would give policymakers additional time to assess the effects of previous rate increases on lending conditions and economic activity before considering further monetary tightening. 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 shares rebounded on Monday as easing oil prices and positive corporate updates improved investor sentiment, with markets looking ahead to a busy week of central bank policy decisions.
UK's benchmark FTSE 100 was d up by 0.51 percent, Germany's Dax was up by 1.06 percent, France’s CAC was up by 0.93 percent.
Commodities Recap
Gold prices rose above $4,000 on Monday as easing oil prices helped temper inflation concerns, while investors awaited this week's Federal Reserve policy meeting for clues on the future direction of US interest rates.
Spot gold rose 0.4% to $4,012.09 per ?ounce by 1126 GMT after hitting $3,975 on Friday, its lowest level since July ?20.
Oil prices declined on Monday after rallying sharply last week, as hopes of easing tensions between the United States and Iran supported sentiment.
Brent crude futures were down $1.57, or 1.35%, at $115.15 by 1239 GMT. US West ?Texas Intermediate crude futures were down $2.11, or 2.04%, at $101.16 per barrel.