Posted at 29 October 2026 / Categories Market Roundups
Market Roundup
•US Core PCE Price Index (MoM) (Sep) 0.3%, 0.3% forecast, 0.3% previous
•US Core PCE Price Index (YoY) (Sep) 3.1%, 3.1% forecast, 3.0% previous
•US GDP (QoQ) (Q3) 3.4%, 3.2% forecast, 2.2% previous
•US Initial Jobless Claims 194K, 198K forecast, 195K previous
•US PCE Price Index (YoY) (Sep) 3.6%, 3.6% forecast, 3.4% previous
•US PCE Price Index (MoM) (Sep) 0.5%, 0.5% forecast, 0.3% previous
•US Personal Spending (MoM) (Sep) 0.5%, 0.6% forecast, 0.9% previous
•US Core PCE Prices (Q3) 2.50%, 2.40% forecast, 3.30% previous
•US GDP Price Index (QoQ) (Q3) 2.2%, 3.2% forecast, 6.1% previous
•US Continuing Jobless Claims 1,701K, 1,720K forecast, 1,722K previous
•US Real Personal Consumption (MoM) (Sep) 0.0%, 0.5% previous
•US Real Consumer Spending (Q3) 3.8%, 3.8% previous
•US GDP Sales (Q3) 1.7%, 2.8% previous
•US PCE Prices (Q3) 2.1%, 3.4% forecast, 5.0% previous
•US Personal Income (MoM) (Sep) 0.2%, 0.3% forecast, 0.3% previous
•US Jobless Claims 4-Week Avg. 196.75K, 198.00K previous
•Canada Average Weekly Earnings (YoY) (Aug) 3.68%, 3.20% previous
•Canada BoC Deputy Governor Gravelle Speaks
•EU Deposit Facility Rate (Oct) 2.50%, 2.50% forecast, 2.50% previous
•EU ECB Interest Rate Decision (Oct) 2.65%, 2.65% forecast, 2.65% previous
•EU ECB Marginal Lending Facility 2.90%, 2.90% previous
Looking Ahead Economic Data (GMT)
•15:30 US 4-Week Bill Auction 3.945% previous
•15:30 US 8-Week Bill Auction 4.015% previous
•17:00 US 7-Year Note Auction 5.085% previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Currency Forecast
EUR/USD : ?The euro dipped against dollar on Thursday after the European Central Bank held interest rates steady, as expected. The central bank warned inflation risks were on the rise from surging energy costs, which may solidify market bets for a December rate hike. It also warned higher costs would also weigh on economic growth. The ECB has raised rates twice this year to prevent an Iran war-induced energy price jump from getting entrenched and has signalled that more may be needed, even if it was not in a hurry without evidence of dangerous second-round inflation effects. In a decision published only hours after ECB President Christine Lagarde announced she would step down early, the ECB warned risks to inflation were skewed to the upside given a recent surge in oil ?and gas prices. 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 remained largely unchanged on Thursday after Finance Minister John Healey unveiled a cautious budget outlining tax increases and spending measures to support households facing global economic challenges. The announcement had little impact on UK financial markets.Healey announced higher taxes on banks, gambling operators, savers and landlords, alongside tighter VAT rules for online marketplaces such as Amazon and eBay. The budget also included measures to cushion households from rising energy bills.Sterling, the best-performing major currency against the dollar this month, was last flat at $1.3325, maintaining a 0.52% gain in October. The pound has also risen by a similar margin against the euro this month, pushing the single currency to its lowest level in 17 months. 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 lower on Thursday as the influence of recent central bank decisions gradually faded. The Fed held rates at 3.75%-4.00% on Wednesday, as expected, awaiting further inflation data before making any changes after next week’s US midterm elections. Australia’s third-quarter export prices rose 1.4%, accelerating from the previous quarter's 1.1% increase. Meanwhile, import prices fell 1.1%, reversing the previous quarter's sharp 5.7% rise. The decline in import prices could help ease some imported inflationary pressures, although broader inflation trends remain a key concern for policymakers. Investors are now awaiting the U.S. core personal consumption expenditures (PCE) price index due on Thursday, the Federal Reserve's preferred inflation gauge. A Reuters poll expects core PCE inflation to rise 0.3% month-on-month and 3.1% year-on-year. 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 held steady on Thursday as investors awaited the Bank of Japan’s upcoming policy announcement. The central bank is widely expected to leave interest rates unchanged at its upcoming policy meeting, while persistent inflationary pressures could prompt policymakers to signal the possibility of a rate hike in December. On Friday, market participants will also closely monitor Tokyo’s October Consumer Price Index (CPI) data, which is scheduled for release ahead of the Bank of Japan’s monetary policy decision. The core Tokyo CPI, which excludes fresh food prices, will be particularly important in assessing the persistence of underlying inflationary pressures in Japan.Bank of Japan Governor Kazuo Ueda is expected to maintain a cautious tone at the post-meeting press conference. 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 touched over one-month highs on Thursday as market digested European Central Bank's policy decision.
UK's benchmark FTSE 100 was d up by 1.12 percent, Germany's Dax was up by 1.27 percent, France’s CAC was up by 1.14 percent.
Commodities Recap
Gold prices fell 1% on Thursday as data showing persistent US inflation strengthened expectations of a Federal Reserve interest rate hike later this year, weighing on demand for the non-yielding precious metal.
Spot gold was down 1% to $4,026.12 per ounce by 9:13 a.m. EDT (1313 GMT). US gold futures for December delivery fell 0.3% to $4,037.60 per ounce. ?Bullion is on track for its second straight monthly decline.
Oil prices declined on Thursday, reversing part of the previous session’s gains as hopes for renewed peace talks eased concerns over potential supply disruptions in the Middle East amid escalating regional tensions.
Brent crude futures declined $1.55, or 1.34%, to $113.77 a barrel by 1314 GMT. US West Texas Intermediate (WTI) crude futures were down $2, or 1.95%, at $100.78.Brent rose 1.3% and WTI gained 3% on Wednesday.