Posted at 29 October 2026 / Categories Market Roundups
Market Roundup
•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
•Canada BoC Interest Rate Decision 2.50% actual, 2.50% forecast, 2.25% previous
•US Crude Oil Inventories -1.892M actual, 0.100M forecast, -3.060M previous
•US Cushing Crude Oil Inventories -0.624M actual, 0.987M previous
•US EIA Refinery Crude Runs (WoW) -0.123M actual, 0.034M previous
•US Gasoline Production -0.509M actual, 0.518M previous
•US Gasoline Inventories 3.870M actual, -1.400M forecast, -2.952M previous
•US Heating Oil Stockpiles 0.164M actual, 0.652M previous
•US Crude Oil Imports -0.796M actual, 0.837M previous
•US EIA Weekly Refinery Utilization Rates (WoW) -0.6% actual, -0.1% previous
•US Distillate Fuel Production -0.071M actual, 0.043M previous
•US EIA Weekly Distillates Stocks -1.462M actual, -0.600M forecast, 1.675M previous
Looking Ahead Economic Data (GMT)
•03:35 Japan 2-Year JGB Auction 1.964% previous
•05:00 Japan Household Confidence (Oct) 35.1 forecast, 35.4 previous
Looking Ahead Economic Data (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : ?The euro edged lower on Wednesday as traders parsed the US Federal Reserve's decision to hold rates steady. The Federal Reserve kept interest rates unchanged in the 3.75%-4.00% range on Wednesday, as expected, postponing further policy adjustments while awaiting additional inflation data. The decision came ahead of next week’s U.S. midterm elections, with the central bank noting that inflation “remains elevated.”The 10-2 vote to maintain rates was accompanied by an upgraded assessment of economic growth, which the Fed described as proceeding at a “strong pace.” Fed Chair Kevin Warsh also expressed confidence that inflation could return to the 2% target without significantly slowing economic activity or pushing unemployment higher. Immediate resistance can be seen at 1.1199(SMA20), an upside break can trigger rise towards 1.1265(38.2%fib).On the downside, immediate support is seen at 1.1123(23.6%fib), a break below could take the pair towards 1.1105 (Lower BB).
GBP/USD: The pound edged lower against the U.S. dollar on Wednesday after the Federal Reserve kept interest rates unchanged, as widely expected, while markets increasingly priced in a rate hike at the central bank’s December meeting.In its accompanying statement, the Fed upgraded its assessment of economic growth but acknowledged that inflation “remains elevated.” Speaking at a press conference following the decision, Fed Chair Kevin Warsh reiterated the central bank’s readiness to act if necessary.According to CME’s FedWatch tool, markets were pricing in an 85.0% probability of a 25-basis-point rate hike in December, up from 78.3% on Tuesday. 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).
USD/CAD : The Canadian dollar firmed against its US counterpart on Wednesday as investors assessed the latest interest rate decisions from the Bank of Canada and the US Federal Reserve.The Bank of Canada raised its key interest rate by 25 basis points to 2.50%, warning that additional tightening may be required to prevent rising energy costs from triggering broader and more persistent inflationary pressures. The Federal Reserve kept interest rates unchanged as widely expected, choosing to maintain its current policy stance ahead of next week’s US midterm elections while awaiting further economic data to assess the inflation outlook and determine the timing of any future rate adjustments. Immediate resistance can be seen at 1.4042 (50%fib), an upside break can trigger rise towards 1.4146(61.8%fib).On the downside, immediate support is seen at 1.3923 (38.2%fib), a break below could take the pair towards 1.3878(Lower BB).
USD /JPY : The U.S. dollar edged higer against the Japanese yen on Wednesday as market participants assessed comments from US Federal Reserve Chair Kevin Warsh after the central bank held benchmark interest rates steady in a move that was broadly anticipated.Traders' attention will also turn to Thursday's US Personal Consumption Expenditures data, which could offer further insight into the trajectory of monetary policy. Traders now await US Personal Consumption Expenditures data due on Thursday for further ?insight into monetary policy path. 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 were ?subdued on Wednesday after several disappointing earnings reports, coupled with higher oil prices, exacerbated investor unease ahead of a rate decision from the central bank.
UK's benchmark FTSE 100 closed up by 0.07 percent, Germany's Dax ended up by 0.44 percent, France’s CAC finished the day flat by 0.00percent.
US stock indexes advanced on Wednesday after the US Federal ?Reserve left its key policy rate unchanged, as widely expected, leaving investors betting on a rate hike at its next monetary policy meeting in December.
Dow Jones closed up by 0.19% percent, S&P 500 closed down by 0.28 % percent, Nasdaq settled down by 0.27% percent.
Commodities Recap
Gold prices declined on Wednesday as rising oil prices added pressure, while investors assessed comments from U.S. Federal Reserve Chair Kevin Warsh after the central bank kept benchmark interest rates unchanged, in line with market expectations.
Spot gold lost 0.5% to $4,039.39 per ounce by 3:12 p.m. EDT (1912 GMT). US gold ?futures for December delivery settled 0.6% lower at $4,051.60 per ounce
Oil prices rose around 1% on Wednesday as escalating Middle East tensions heightened concerns over further energy supply disruptions.
Brent futures rose $1.44, or 1%, to settle at $115.32 per barrel, while US West Texas Intermediate crude rose $2.88, or 3%, to settle at $102.78.