Posted at 03 November 2026 / Categories Market Roundups
Market Roundup
•Canada S&P Global Manufacturing PMI (Oct) 49.6, 51.5 previous
•US S&P Global Manufacturing PMI (Oct) 54.9, 56.0 forecast, 56.0 previous
•US ISM Manufacturing PMI (Oct) 55.5, 54.5 forecast, 54.5 previous
•US ISM Manufacturing Employment (Oct) 52.4, 52.0 forecast, 52.7 previous
•US ISM Manufacturing Prices (Oct) 75.2, 77.2 forecast, 77.9 previous
•US Construction Spending (MoM) (Sep) -1.9%, 0.4% forecast, 2.0% previous
•US ISM Manufacturing New Orders Index (Oct) 55.5, 54.5 forecast, 55.3 previous
•US 3-Month Bill Auction 4.040%, 4.050% previous
•US 6-Month Bill Auction 4.150%, 4.210% previous
•US Atlanta Fed GDPNow (Q4) 3.7%, 3.2% forecast, 3.2% previous
Looking Ahead Economic Data (GMT)
• 05:00 Australia ANZ Job Advertisements (MoM) 2.2% previous
Looking Ahead Events And Other Releases (GMT)
•03:30 Australia RBA Interest Rate Decision (Nov) 4.85% previous
• 04:30 Australia RBA Monetary Policy Statement
•04:30 Australia RBA Rate Statement
Currency Summaries
EUR/USD : ? ?The euro initially gained but gave up ground against the U.S. dollar on Monday as investors braced for a packed week dominated by the US midterm elections and central bank rate decisions in Britain, Australia, Norway and Sweden. Attention is now shifting to the November 3 US midterm elections to ?assess the potential ?impact on fiscal policy, ?geopolitics and broader market sentiment. Traders were also watching developments in the Middle East, as growing hopes for a diplomatic resolution to the US-Iran conflict sent Brent crude futures down 3.9% on the day. Immediate resistance can be seen at 1.1254(38.2%fib), an upside break can trigger rise towards 1.1288(Higher BB).On the downside, immediate support is seen at 1.1116(23.6%fib), a break below could take the pair towards 1.1102(Lower BB).
GBP/USD: The pound edged higher against the U.S. dollar on Monday as investors shifted their focus from last week's UK budget to an expected Bank of England interest rate hike on Thursday, which would mark the central bank's first increase since August 2023.While the European Central Bank and Federal Reserve have already raised interest rates this year to tackle inflationary pressures driven by the Iran war-related energy price surge, the BoE has so far maintained a wait-and-see approach.Meanwhile, Finance Minister John Healey's first budget last week contained few surprises, with markets largely absorbing the spending plans without triggering significant reactions in either the pound or UK government bonds (gilts).Immediate resistance can be seen at 1.3420(Daily high), 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 edged lower against its U.S. counterpart on Monday as a sharp decline in oil prices offset optimism surrounding potential progress towards a trade agreement between the United States and Canada.U.S. President Donald Trump indicated that Washington had a "concept" for a new trade agreement with Canada, while Canadian Prime Minister Mark Carney expressed optimism following discussions focused on strengthening trade relations between the neighbouring countries.Meanwhile, the Bank of Canada raised its benchmark interest rate by 25 basis points to 2.50% last week, marking its first rate increase in three years.Oil prices came under significant pressure, with U.S. crude futures plunging 7.8% to $96.01 a barrel. Immediate resistance can be seen at 1.4031 (50%fib), an upside break can trigger rise towards 1.4106 (SMA 20).On the downside, immediate support is seen at 1.3922 (38.2%fib), a break below could take the pair towards 1.3795(23.6%fib).
USD /JPY : The U.S. dollar edged higher on Monday as the Japanese yen weakened despite renewed verbal warnings from Tokyo over excessive currency movements. Japanese Finance Minister Satsuki Katayama reiterated that authorities were prepared to intervene if market movements became excessive or disorderly, stressing that any action would remain consistent with Japan’s existing coordination framework with Washington.Katayama also said U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi shared concerns over the yen’s weakness, highlighting discussions during their September summit. She added that Japan would continue adhering to its established currency and financial market coordination framework with the United States. 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
European stocks opened higher on Monday as hopes of progress in negotiations to end the US-Israeli war with Iran pushed oil prices lower and improved investor risk appetite.
UK's benchmark FTSE 100 closed up by 0.29percent, Germany's Dax ended up by 0.63 percent, France’s CAC finished the day up by 0.98 percent.
The S&P 500 closed lower on Monday as falling oil prices amid hopes of a potential US-Iran peace agreement weighed on market sentiment.
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Dow Jones closed up by 0.42% percent, S&P 500 closed down by 0.50 % percent, Nasdaq settled down by 1.07% percent.
Commodities Recap
Gold prices climbed more than 2% on Monday, recovering from a one-year low recorded in the previous session
Spot gold rose 2.1% to $3,954.41 per ounce at 1:49 p.m. ET (1849 GMT), ?having ended 3.6% lower on Friday to hit its lowest since October 2025. US gold ?futures for December delivery settled 1.8% higher at $3,969.60 per ounce.
Oil prices plunged more than 7% on Monday as discussions between Iranian and Qatari officials raised hopes of an end to the US-Israeli conflict with Iran and eased concerns over potential disruptions to Middle Eastern crude supplies.
Brent crude futures settled $8.66, or 7.63%, lower to $104.77 a barrel. US West Texas Intermediate crude was down $7.66, or 7.36%, at $96.46.