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Europe Roundup: Pound dips against dollar ahead of British budget, European shares retreat, Gold retreats, Oil rises -Oct 27th ,2026

Posted at 27 October 2026 / Categories Market Roundups


Market Roundup

• EU Loans to Non-Financial Corporations (Sep) 4.2%, 4.2% previous

•EU M3 Money Supply (YoY) (Sep) 3.5%, 3.5% forecast, 3.5% previous

•EU M3 Money Supply (Sep) 17,717.3B, 17,646.5B previous

•EU Private Sector Loans (YoY) (Sep) 3.1%, 3.1% forecast, 3.1% previous

•US Building Permits (Sep) 1.398M, 1.400M forecast, 1.403M previous

•US Building Permits (MoM) (Sep) -0.4%, -0.2% forecast, -2.1% previous

•US Durable Goods Orders (MoM) (Sep) 1.8%, 2.0% forecast, 0.1% previous

•US Core Durable Goods Orders (MoM) (Sep) 0.5%, 0.6% forecast, 0.3% previous

•US Goods Orders Non Defense Ex Air (MoM) (Sep) 0.5%, 0.7% forecast, 1.6% previous

•US Durables Excluding Defense (MoM) (Sep) 2.2%, 0.3% previous

•US Redbook (YoY) 9.3%, 9.0% previous

•US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Aug) -0.4%, 0.0% previous

•US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Aug) 2.7%, 2.6% forecast, 2.5% previous

•US House Price Index (YoY) (Aug) 2.4%, 2.5% previous

•  US S&P/CS HPI Composite - 20 s.a. (MoM) (Aug) 0.3%, 0.3% previous

•  US House Price Index (Aug) 444.6, 443.2 previous

•  US House Price Index (MoM) (Aug) 0.3%, 0.2% forecast, 0.2% previous

Looking Ahead Economic Data (GMT)  

•14:00 US CB Consumer Confidence (Oct) 81.2, 81.9 previous

•14:00 US New Home Sales (Sep) 651K, 684K previous

•14:00 US New Home Sales (MoM) (Sep) 6.4% previous

•14:00 US Richmond Manufacturing Index (Oct) 0 forecast, -2 previous

•14:00 US Richmond Manufacturing Shipments (Oct) -5 previous

•14:00 US Richmond Services Index (Oct) 0 previous

•14:00 US Texas Services Sector Outlook (Oct) -1.8 previous

•14:00 US Dallas Fed Services Revenues (Oct) -0.9 previous

•14:00 US Atlanta Fed GDPNow (Q3) 3.5% forecast, 3.5% previous

•14:00 US 5-Year Note Auction 5.033% previous

•14:00 US M2 Money Supply (MoM) (Sep) 23.34T previous

Looking Ahead Economic Data (GMT)  

•17:00 EU ECB President Lagarde Speaks 

Currency Forecast

EUR/USD : ?The euro edged lower on Tuesday   ahead of key central bank meetings this week that will influence the global rates outlook.Four  major central banks will announce policy decisions this week. The BOJ's meeting follows that of the Fed, which is seen skipping a hike at its two-day meeting concluding on Wednesday.The European Central Bank is also set to keep rates unchanged at 2.5% on Thursday. New Zealand's and Canada's central banks are expected to raise rates this week. On the geopolitical front, the Saudi-led coalition in Yemen said on Tuesday it intercepted and destroyed three ballistic missiles and drones launched by the Houthis towards two regions of Saudi Arabia, as the conflict between the kingdom and the Iran-aligned group intensifies. Immediate resistance can be seen at 1.1178(Daily high), an upside break can trigger rise towards 1.1222(38.2%fib).On the downside, immediate support is seen at 1.1116(23.6%fib), a break below could take the pair towards 1.1098 (Lower BB).

GBP/USD: The pound edged lower on Tuesday as investors remained cautious ahead  Britain's budget is due on Wednesday, ‌with ?investors remaining cautious ahead of key fiscal announcements against the backdrop of high borrowing costs and energy pricesBritish business minister Jonathan Reynolds said Britain and the EU were "finding a way through" concerns over the ?bloc's proposed "Made in ?Europe" rules, which ?have raised uncertainty for UK manufacturers. Investor focus will also turn to the European Central Bank's policy decision due on Thursday, with economists polled by Reuters expecting a pause, with a 70% chance it tightens rates in December.The US Federal Reserve's rate decision ?is also due on Wednesday. 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 1.3302(38.2%fib), a break below could take the pair towards1.3282 (Lower BB).

AUD/USD: The Australian edged higher against the U.S. dollar on Tuesday as investors cautiously adjusted their positions ahead of the Federal Reserve’s monetary policy decision. The Fed is widely expected to keep interest rates unchanged, shifting market attention toward its policy statement and accompanying comments for clues about the future direction of U.S. monetary policy.Investors will closely assess policymakers’ views on persistent inflation, economic growth and elevated energy prices to gauge whether further monetary tightening could be warranted in the coming months. A hawkish tone from the Fed could support the U.S. dollar and put pressure on AUD/USD, while a more cautious assessment of inflation risks could offer some support to the Australian currency.Meanwhile, attention in Australia is turning to Wednesday’s third-quarter consumer price index (CPI) report, which is expected to provide fresh insight into domestic inflation trends and the Reserve Bank of Australia’s monetary policy 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 Japanese yen on Tuesday  as investors positioned themselves ahead of key central bank policy decisions this week that are expected to shape the global interest rate outlook.The Bank of Japan (BOJ) is widely expected to keep its benchmark interest rate unchanged at 1.25% following its two-day policy meeting ending on Friday. Investors will closely examine the central bank’s policy statement and Governor Kazuo Ueda’s comments for clues about the timing of further monetary tightening.The BOJ is among five major central banks scheduled to announce monetary policy decisions this week. Its decision will follow the Federal Reserve’s meeting, with U.S. policymakers widely expected to leave interest rates unchanged at the conclusion of their two-day meeting on Wednesday. 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 edged lower on Tuesday, weighed down by disappointing earnings from HSBC, which dragged the benchmark index into negative territory despite a series of encouraging corporate results.

UK's benchmark FTSE 100 was down by 1.02 percent, Germany's Dax was up  by 0.19 percent, France’s CAC was up  by 0.21 percent.

Commodities Recap

Gold prices declined on Tuesday as a stronger US dollar pressured bullion, while investors awaited the Federal Reserve’s policy meeting for signals on the interest-rate outlook.

Spot gold dropped 0.4% to $4,000.52 per ounce by 1042 GMT. ?U.S. gold futures for December delivery fell 0.6% to $4,014.40 per ounce.

Oil prices edged higher on Tuesday as investors awaited the outcome of diplomatic talks in Tehran, while renewed Houthi attacks on Saudi Arabia underscored persistent risks to Middle East energy supplies.

Brent crude futures were up 45 cents, or 0.39%, at $116.26 a barrel by 0918 ?GMT, while US West Texas Intermediate crude was up 40 cents, or ?0.39%, at $102.16.


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