Posted at 30 October 2026 / Categories Market Roundups
Market Roundup
•Australia PPI (YoY) (Q3): 3.6%, 3.6% previous.
•Australia PPI (QoQ) (Q3): 1.1%, 1.0% forecast, 1.3% previous.
•Australia Private Sector Credit (MoM) (Sep): 0.6%, 0.5% forecast, 0.6% previous.
•Australia Housing Credit (Sep): 0.4% , 0.4% previous.
•Japan BoJ Interest Rate Decision: 1.25%, 1.25% forecast, 1.25% previous.
•Japan Construction Orders (YoY) (Sep): -11.1%, -3.6% previous.
Looking Ahead Economic Data (GMT)
•07: 45 French CPI (MoM) (Oct): 0.2% forecast, -0.3% previous.
•07: 45 French HICP (MoM) (Oct): 0.3% forecast, -0.3% previous.
•07: 45 French PPI (YoY) (Sep): 4.80% previous.
•07: 45 French CPI (YoY) (Oct): 3.2% forecast, 3.1% previous.
•07: 45 French PPI (MoM) (Sep): 1.0% previous.
•07: 45 French HICP (YoY) (Oct): 3.6% forecast, 3.4% previous.
•07: 45 French Non-Farm Payrolls (QoQ) (Q3): -0.1% forecast, -0.1% previous.
•08:55 German Unemployment Rate (Oct): 6.4% forecast, 6.4% previous
•08:55 German Unemployment Change (Oct): 5K forecast, 12K previous
•08:55 German Unemployment n.s.a. (Oct): 2.994M previous
•08:55 German Unemployment (Oct): 3.012M previous.
•09:00 Italian GDP (QoQ) (Q3): 0.1% forecast, 0.2% previous
•09:00 Italian GDP (YoY) (Q3): 0.9% forecast, 1.0% previous
•09:00 German GDP (QoQ) (Q3): 0.1% forecast, 0.3% previous
•09:00 German GDP (YoY) (Q3): 1.1% forecast, 1.0% previous
09:00 German CPI (YoY) (Oct): 3.2% previous.
09:00 German CPI (YoY) (Oct): 2.9% previous.
09:00 German CPI (MoM) (Oct): 0.6% previous.
09:00 German CPI (MoM) (Oct): 0.6% previous.
09:00 German CPI (YoY) (Oct): 3.3% previous.
09:00 German CPI (MoM) (Oct): 0.5% previous.
09:00 German CPI (YoY) (Oct): 3.4% previous.
09:00 German CPI (YoY) (Oct): 3.4% previous.
09:00 German CPI (MoM) (Oct): 0.6% previous.
09:00 German CPI (YoY) (Oct): 3.6% previous.
09:00 German CPI (MoM) (Oct): 0.5% previous.
10:00 Italian HICP (MoM) (Oct): 0.5% forecast, 2.1% previous.
10:00 Italian CPI (YoY) (Oct): 4.6% forecast, 4.2% previous.
10:00 Italian HICP (YoY) (Oct): 4.6% forecast, 4.2% previous.
10:00 Italian CPI (MoM) (Oct): 0.1% forecast, 0.7% previous.
10:00 Eurozone GDP (YoY) (Q3): 1.1% forecast, 1.2% previous.
10:00 Eurozone GDP (QoQ) (Q3): 0.2% forecast, 0.6% previous.
10:00 Eurozone Unemployment Rate (Sep): 6.4% forecast, 6.4% previous.
Looking Ahead Economic Data (GMT)
•No Data Ahead
Currency Forecast
EUR/USD : ?The euro edged higher against the US dollar on Friday as investors assessed the European Central Bank’s latest monetary policy decision and its implications for the interest rate outlook. The ECB kept interest rates unchanged on Thursday, as widely expected, but signalled the possibility of another rate increase in December amid growing concerns over energy-driven inflation.The central bank warned that rising energy costs were increasing upside risks to inflation, potentially reinforcing market expectations of a December rate hike. However, it also cautioned that persistently higher energy prices could weigh on economic growth by increasing costs for businesses and households.The ECB has raised interest rates twice this year in an effort to prevent the energy price shock triggered by the Iran war from becoming entrenched in the broader economy. Policymakers have indicated that further tightening may be necessary if inflationary pressures intensify, although the central bank remains cautious about acting too aggressively without clear evidence of second-round inflation effects. Immediate resistance can be seen at 1.1202(SMA 20), an upside break can trigger rise towards 1.1248(38.2%fib).On the downside, immediate support is seen at 1.1130(Lower BB), a break below could take the pair towards 1.1105(23.6%fib).
GBP/USD: The pound edged higher against the US dollar on Friday, supported by growing expectations of further monetary tightening by the Bank of England. Markets are increasingly pricing in a 25-basis-point rate hike at the BoE's November meeting, followed by another increase in February, as persistent inflationary pressures reinforce the case for higher borrowing costs.Meanwhile, Finance Minister John Healey's budget, which outlined a cautious approach to taxation and public spending, had a limited impact on UK financial markets. The budget aimed to provide support to households facing pressure from global economic uncertainties while maintaining the government's commitment to restoring public finances.Healey said on Wednesday that he would use part of his fiscal headroom to meet the government's primary fiscal target. However, the available buffer has fallen to £15 billion ($20 billion) from an earlier estimate of £24 billion, reflecting the growing economic and fiscal challenges arising from the Iran war and its impact on the global economy .Immediate resistance can be seen at 1.3410(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 Friday as global risk sentiment softened amid growing concerns over the sustainability of the artificial intelligence-driven rally in equity markets.Investor confidence came under pressure following disappointing earnings developments from major US technology companies, prompting market participants to reassess the outlook for technology stocks and broader risk-sensitive assets.On the domestic economic front, Australia's third-quarter Producer Price Index (PPI) increased by 1.1% quarter-on-quarter, easing from the previous quarter's 1.3% rise. On an annual basis, producer inflation remained steady at 3.6%, indicating that underlying cost pressures across the Australian economy continued to persist despite the moderation in quarterly growth.Investors are firmly focused on Tuesday's Reserve Bank of Australia (RBA) monetary policy decision. Markets are increasingly anticipating another interest rate increase as policymakers remain concerned about persistent inflationary pressures 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 edged lower on Friday after the Bank of Japan held rates steady as expected.The Bank of Japan (BoJ) kept interest rates unchanged on Friday but raised its inflation forecasts, while reiterating its commitment to further rate hikes to contain growing inflationary pressures.At its two-day policy meeting ending Friday, the Bank of Japan voted 8-1 to keep its short-term interest rate unchanged at 1.25%. Board member Hajime Takata dissented, favouring a 25-basis-point increase to 1.50%.In its latest outlook report, the BOJ raised its core consumer inflation forecast for the fiscal year ending March 2028 to 2.6% from 2.4% projected three months earlier. It also upgraded its forecasts for core-core inflation, which excludes the impact of fuel costs, for both fiscal 2027 and 2028.The BOJ concludes a busy week of central bank decisions, with the European Central Bank, US Federal Reserve and Reserve Bank of New Zealand also keeping interest rates unchanged. 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 157.05(Lower BB) a break below could take the pair towards 156.53(61.8%fib).
Equities Recap
Asian stocks shares slumped on Friday as investors scurried to safety from worries ?that huge and rising AI spending may not deliver sufficient returns.
Japan’s Nikkei 225 was up by 2.09% , Hang Seng was up at 1.48%, South Korea’s KOSPI was down at 3.48%
Commodities Recap
Gold prices edged lower on Friday as rising oil prices and stronger-than-expected US inflation data reinforced expectations of another Federal Reserve interest rate hike later this year, reducing the appeal of the non-yielding precious metal.
Spot gold was down 0.5% at $4,000.54 per ?ounce by 0511 GMT, while US gold futures for December delivery dropped ?0.5% to $4,010.10. Bullion was on track for a second consecutive monthly ?decline.
Oil prices climbed on Friday, putting crude benchmarks on track for a fourth consecutive monthly gain, after an attack on a tanker in the Strait of Hormuz renewed concerns over potential supply disruptions.
Brent crude futures for December , which expire on Friday, advanced $1.71, or 1.49%, to $116.59 a barrel as of 0727 GMT. The more-active January contract gained $1.71 to $112.51.US West Texas Intermediate (WTI) crude futures climbed $1.45, or ?1.42%, to $103.45.