Posted at 30 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
Looking Ahead Economic Data (GMT)
•03:00 Japan BoJ Interest Rate Decision 1.25% forecast,1.25% previous
•05:00 Japan Construction Orders (Sep) -3.6% YoY previous
•05:00 Japan Housing Starts (Sep) 2.7% forecast, 6.1% previous
Looking Ahead Economic Data (GMT)
•02:30 Japan BoJ Monetary Policy Statement
Currency Forecast
EUR/USD : ?The euro edged higher 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 strengthened on Thursday as investors digested the budget presented by Finance Minister John Healey. Healey delivered a cautious fiscal package featuring tax and spending measures aimed at supporting households amid global economic uncertainty, with the announcements having a limited impact on UK financial markets.The finance minister outlined tax increases targeting banks, gambling operators, savers and landlords, alongside stricter VAT rules for online marketplaces and measures to ease the burden of rising energy bills.Meanwhile, the budget did little to alter market expectations for the Bank of England's policy meeting next week. Traders are fully pricing in a rate increase on November 5, with a second hike also fully priced in by February. 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 the US dollar after the start of a ?Bank of Canada tightening cycle helped narrow the gap between Canadian and US bond yields.The gap between Canada's 2-year yield and the US equivalent ?narrowed by 4.7 basis points to about 128 basis points ?in favor of the US note. It was as much as 160 ?basis points earlier this month, the widest gap since February 2025.On Wednesday, ?the Bank of Canada hiked its key interest rate by 25 basis points to 2.50% and said further increases might be needed to prevent soaring energy costs from driving ?broader inflation, while the Federal Reserve left its policy rate on hold.U.S. crude oil futures settled 0.8% lower on hopes for peace talks between the US and Iran but ?remained elevated at $102 ?a barrel. Oil ?is one of Canada's major exports. Immediate resistance can be seen at 1.4020(50%fib), an upside break can trigger rise towards 1.4128 (50%fib).On the downside, immediate support is seen at 1.3900(38.2%fib), a break below could take the pair towards 1.3798(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 closed at their highest level since September 8 on Thursday, supported by strong corporate earnings and investor reaction to the central bank's decision to leave interest rates unchanged.
UK's benchmark FTSE 100 closed up by 1.31 percent, Germany's Dax ended up by 0.26 percent, France’s CAC finished the day up by 1.05 percent.
US stocks fell on Thursday as investors reassessed Big Tech's massive spending on artificial intelligence, while digesting major corporate earnings and key inflation data a day after the Federal Reserve kept interest rates unchanged.
Dow Jones closed down by 0.25% percent, S&P 500 closed down by 1.31 % percent, Nasdaq settled down by 1.38% percent.
Commodities Recap
Gold prices fell more than 1% on Thursday as stronger-than-expected US inflation data boosted expectations of a Federal Reserve rate hike later this year, weighing on demand for the non-yielding metal.
Spot gold was down 1.4% at $4,008.76 per ounce by 02:09 p.m. EDT (1809 GMT). US gold futures for December delivery settled 0.5% lower ?at $4,031.40 per ounce. Bullion is on track for its second straight monthly decline.
Oil prices declined on Thursday in volatile trading as optimism over potential US-Iran peace talks eased concerns about supply disruptions from escalating Middle East tensions.
Brent crude futures settled down 44 cents, or 0.38%, to $114.88 a barrel. US West Texas Intermediate (WTI) crude futures settled down 78 cents, or 0.76%, at $102.