Posted at 28 October 2026 / Categories Market Roundups
Market Roundup
• Australia Weighted Mean CPI (YoY) (Sep) 3.4%, 3.6% previous
• Australia Trimmed Mean CPI (YoY) (Sep) 3.6%, 3.6% forecast, 3.5% previous
• Australia CPI (YoY) (Q3) 3.9%, 3.9% forecast, 3.9% previous
• Australia Trimmed Mean CPI (QoQ) (Q3) 1.0%, 1.0% forecast, 0.8% previous
• Australia CPI (QoQ) (Q3) 1.3%, 1.3% forecast, 0.6% previous
• Australia Trimmed Mean CPI (YoY) (Q3) 3.7%, 3.6% forecast, 3.6% previous
• Australia Weighted Mean CPI (QoQ) (Q3) 1.0%, 0.7% previous
• Australia CPI Index Number (Q3) 103.64, 102.31 previous
• Australia Weighted Mean CPI (YoY) (Sep) 4.30%, 4.20% forecast, 4.00% previous
• Australia Weighted Mean CPI (YoY) (Q3) 3.6%, 3.6% previous
•New Zealand RBNZ Interest Rate Decision 2.75%, 3.00% forecast, 2.75% previous
Looking Ahead Economic Data (GMT)
• 09:00 Switzerland ZEW Expectations (Oct) 2.6 previous
•10:00 Italy Italian PPI (MoM) (Sep) 2.4% previous
•10:00 Italy Italian PPI (YoY) (Sep) 10.9% previous
•10:00 Italy Italian 6-Month BOT Auction 2.873% previous
Looking Ahead Economic Data (GMT)
• No data ahead
Currency Forecast
EUR/USD : ?The euro edged lower on Wednesday ahead of key central bank meetings this week that will influence the global rates outlook. Fed policymakers have indicated they will not raise short-term borrowing costs again on Wednesday, but with inflation concerns front and center, investors think a pause in rate hikes will not last long. Traders are pricing in an increase from the Fed in December.Along with the Fed, the European Central Bank and the Bank of Japan are due to make policy decisions this week, with economists expecting all three to stand pat on interest rates, leaving investors to focus on comments from policymakers to gauge the rates outlook. 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 1.1105(Lower BB).
GBP/USD: The pound weakened slightly on Wednesday as investors adopted a cautious stance ahead of Britain's budget announcement amid pressure from high borrowing costs and energy prices. UK Business Minister Jonathan Reynolds said Britain and the European Union were making progress in addressing concerns over the proposed "Made in Europe" rules, which have unsettled British manufacturers. Markets will also focus on the ECB's Thursday policy decision, with a Reuters poll pointing to a rate hold and a 70% probability of tightening in December. 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 1.3292(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 Wednesday after Australian Q3 CPI data came in above expectations.Australia’s inflation accelerated in the third quarter, driven by higher fuel costs, while persistent underlying price pressures strengthened expectations of a fifth interest rate hike at the RBA’s meeting next week.The consumer price index (CPI) rose 1.3% in the third quarter, after an increase of 0.6% the previous quarter, data from the Australian Bureau of Statistics showed.Annual CPI inflation ran at 3.9%, well above the RBA's target range of 2% to 3%.The key trimmed mean measure of core inflation stood at 1.0% in the quarter, matching forecasts and nudging the annual pace higher to a two-year high of 3.7%..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 eased slightly against the Japanese yen on Wednesday as investors awaited policy signals from major central bank meetings scheduled for this week.The Federal Reserve is set to announce its policy decision later on Wednesday, with interest rates widely expected to remain unchanged.Market attention will centre on the Fed's assessment of future interest rates, with persistent inflationary pressures compounded by the prolonged Middle East conflict..Market attention in Japan is centred on the BoJ's October 29–30 meeting, where policymakers are expected to leave rates unchanged following September's increase to 1.25%. Market participants anticipate another increase to 1.5% in December, while some see January as an alternative timeline. 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
Asia stocks rallied on Wednesday as renewed AI enthusiasm buoyed ?sentiment ahead of earnings from industry bellwethers later in the US day, while the New Zealand dollar tumbled after the country's central bank unexpectedly held rates steady.
Japan’s Nikkei 225 was up by 1.36% , Hang Seng was up at 0.18%, South Korea’s KOSPI was up at 6.61%
Commodities Recap
Oil prices rose more than 1% on Wednesday after an attack on a Saudi Arabian refinery heightened concerns over potential supply disruptions from the major oil exporter.
Brent crude futures gained $1.59, or 1.4%, to $115.47 a barrel as of 0435 GMT. US West Texas Intermediate crude rose $1.43 or 1.4% to $101.33.
Gold prices edged lower on Wednesday after gaining around 1% in the previous session, as rising oil prices fuelled inflation concerns ahead of the Federal Reserve's policy decision later in the day.
Spot gold was down 0.3% at $4,045.29 per ounce by 0347 GMT. US gold futures for December delivery dropped 0.4% to $4,059.00.