Posted at 28 October 2026 / Categories Market Roundups
Market Roundup
•Germany GfK Consumer Climate (Nov) -30.8, -30.1 forecast, -30.6 previous
•Italy Industrial Sales (YoY) (Aug) 4.20%, 4.90% previous
•Italy Industrial Sales (MoM) (Aug) -0.90%, 1.70% previous
•Switzerland ZEW Expectations (Oct) -15.3, 2.6 previous
•Italy PPI (MoM) (Sep) 2.9%, 2.4% previous
•Italy PPI (YoY) (Sep) 13.8%, 10.9% previous
•Italy 6-Month BOT Auction 2.853%, 2.873% previous
•US Goods Trade Balance (Sep) -$134.90B, -$130.40B forecast, -$132.07B previous
•US Retail Inventories Ex Auto (Sep) 0.4%, 0.1% previous
•US Wholesale Inventories (MoM) (Sep) 0.6%, 0.5% forecast, 0.5% previous
Looking Ahead Economic Data (GMT)
•14:00 US Crude Oil Inventories 0.100M, -3.060M previous
•14:00 US Cushing Crude Oil Inventories 0.987M previous
•14:00 US EIA Refinery Crude Runs (WoW) 0.034M previous
•14:00 US Gasoline Production 0.518M previous
•14:00 US Gasoline Inventories -1.400M forecast, -2.952M previous
•14:00 US Heating Oil Stockpiles 0.652M previous
•18:00 US Fed Interest Rate Decision 4.00% forecast, 4.00% previous
Looking Ahead Economic Data (GMT)
• No data ahead
Currency Forecast
EUR/USD : ?The euro edged lower on Wednesday ahead of the Federal Reserve's interest rate decision.Traders broadly expect no change in Fed monetary policy after a series of Fed officials in recent weeks signalledthe need to wait and watch for more signs of persistent price pressures. However, they see a 78% chance that the central bank could lift interest rates by at least 25 basis points in December, the CME Group's FedWatch tool showed.The European Central Bank and the Bank of Japan are also expected to deliver monetary policy verdicts on Thursday and Friday, respectively, with both central banks expected to leave policy rates unchanged. 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 digested UK budget.British finance minister John Healey on Wednesday set out the government's latest tax and spending measures in his first budget. In his first budget, Healey said he would also adopt this approach of "looking hard at ?public spending" to set out the details of how ?Britain will meet the NATO commitment of spending 3.5% ?of GDP on defence by 2035, and mark a target date ?for 3% in 2030.Confirming that detailed plans for reaching the 3% and 3.5% goals will be set out in a spending review planned next year, Healey said he was also "determined to use more innovative financing, ?alongside the private ?sector and ?our international allies". Britain's economy is forecast to grow by 1% next ?year, finance minister John Healey said on Wednesday, citing the latest projections from the Office for ?Budget Responsibility. 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 dollar edged higher against the U.S. dollar on Wednesday after Australia’s third-quarter CPI data exceeded expectations. Inflation accelerated amid rising fuel costs, while persistent underlying price pressures reinforced market expectations of a fifth interest rate hike at the RBA’s meeting next week.Australia’s consumer price index (CPI) rose 1.3% in the third quarter, up from a 0.6% increase in the previous quarter, according to data from the Australian Bureau of Statistics.Annual headline inflation accelerated to 3.9%, remaining well above the Reserve Bank of Australia’s target range of 2% to 3%.Meanwhile, the trimmed mean measure of core inflation increased 1.0% quarter-on-quarter, in line with forecasts, lifting the annual rate 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
European stocks traded higher on Wednesday as investors assessed the outlook for AI stocks amid strong corporate results.
UK's benchmark FTSE 100 was up by 0.20 percent, Germany's Dax was up by 0.35 percent, France’s CAC was up by 0.12 percent.
Commodities Recap
Gold prices remained subdued on Wednesday as investors awaited the U.S. Federal Reserve’s policy decision and comments from Chair Kevin Warsh for fresh signals on the future direction of interest rates.
Spot gold edged 0.1% lower to $4,052.80 per ounce by 09:26 a.m. EDT (1326 GMT). US gold futures for December delivery fell 0.2% to $4,066.20 per ounce.
Oil prices rose around 1% on Wednesday after an attack on a Saudi Arabian refinery heightened concerns over potential supply disruptions amid ongoing conflicts in the Middle East.
Brent crude futures were up $1.14, or 1%, at $115.02 ?a barrel at 1313 GMT. US West Texas Intermediate crude was up $1.71, or 1.7%, at $101.61.