Posted at 04 November 2026 / Categories Market Roundups
Market Roundup
•Italy HCOB Services PMI (Oct): 52.0, 51.4% forecast, 51.7% previous
•Italy HCOB Composite PMI (Oct): 50.8, 51.0 previous
•France HCOB Services PMI (Oct): 46.2, 48.4 forecast, 51.2 previous
•France HCOB Composite PMI (Oct): 46.6, 48.4 forecast, 51.1 previous
•Germany HCOB Services PMI (Oct): 52.5, 51.7 forecast, 52.9 previous
•Germany HCOB Composite PMI (Oct): 53.4, 52.8 forecast, 53.8 previous
•Eurozone HCOB Services PMI (Oct): 51.4, 51.7 forecast, 53.0 previous
•Eurozone HCOB Composite PMI (Oct): 51.7, 51.9 forecast, 53.1 previous
•UK S&P Global Composite PMI (Oct): 52.9, 53.1 forecast, 52.0 previous
•UK S&P Global Services PMI (Oct): 52.8, 53.1 forecast, 52.1 previous
•Eurozone CPI (YoY) (Oct): 4.0%, 4.0% forecast, 3.8% previous
•Eurozone Core CPI (YoY) (Oct): 2.5%, 2.5% forecast, 2.5% previous
•Eurozone CPI (MoM) (Oct): 0.4%, 0.4% forecast, 0.6% previous
•Eurozone CPI, n.s.a (Oct): 104.77, 104.31 previous
•Eurozone HICP ex Energy & Food (YoY) (Oct): 2.2%, 2.2% previous
•Eurozone Core CPI (MoM) (Oct): 0.3%, 0.2% previous
•Eurozone HICP ex Energy and Food (MoM) (Oct): 0.3%, 0.2% previous
Looking Ahead Economic Data (GMT)
•13:30 US Trade Balance (Sep): -$107.90B forecast, -$105.60B previous
•13:30 US Exports (Sep): $315.20B previous
•13:30 US Imports (Sep): $420.80B previous
•13:30 Canada Trade Balance (Sep): $4.80B forecast, $4.20B previous
•13:30 Canada Exports (Sep): $77.91B previous
•13:30 Canada Imports (Sep): $73.71B previous
•14:45 US S&P Global Services PMI (Oct): 57.9 forecast, 58.8 previous
•14:45 US S&P Global Composite PMI (Oct): 57.6 forecast, 58.4 previous
•15:00 US ISM Non-Manufacturing PMI (Oct): 54.8 forecast, 54.9 previous
•15:00 US ISM Non-Manufacturing Employment (Oct): 50.1 previous
•15:00 US ISM Non-Manufacturing Prices (Oct): 74.0 previous
•15:00 US ISM Non-Manufacturing New Orders (Oct): 59.8 previous
•15:00 US ISM Non-Manufacturing Business Activity (Oct): 56.5 previous
•15:30 US Crude Oil Inventories: -1.700M forecast, -1.892M previous
•15:30 US Atlanta Fed GDPNow (Q4): 3.7% forecast, 3.7% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Summaries
EUR/USD : ? ?The euro rose higher on Wednesday ? as US midterm election results pressured the dollar. A sweeping Democratic victory in the midterm elections sent the dollar tumbling, giving European currencies breathing room.On the data front, Euro zone inflation rose to a three-year high last month on surging food and energy costs and was set to rise further in the coming months, firming up the case for another European Central Bank rate hike in December.Inflation in the 21 nations sharing the euro currency rose to 4.0% in October from 3.8% a month earlier, in line with expectations in a Reuters poll of economists, as energy inflation hit 20%, data from Eurostat, the EU's statistics agency, showed on Wednesday. Immediate resistance can be seen at 1.1258 (Daily high), an upside break can trigger rise towards 1.1301(38.2%fib).On the downside, immediate support is seen at 1.1193(SMA20), a break below could take the pair towards 1.1156(23.6%fib).
GBP/USD: The British pound rose to its highest level since September 15 on Wednesday, buoyed by a ?weaker US dollar following the Democrats' sweeping victory in the midterms, while traders awaited the Bank of England's policy decision on Thursday.The pound benefited from a fragile ?dollar, after Democrats won control of both chambers of ?the US Congress.The rally came a day before the Bank of England's policy decision, with markets largely expecting a 25-basis-point hike in rates. Bank of England's policy announcement is due on on Thursday. The central bank's Monetary Policy Committee is expected to raise interest rates for the first time since August 2023. Immediate resistance can be seen at 1.3466(38.2%fib), an upside break can trigger rise towards 1.3514(Higher BB).On the downside, immediate support is seen at 1.3397(50%fib), a break below could take the pair towards1.3341 (61.8%fib).
AUD/USD: The Australian dollar firmed on Wednesday as investors assessed the implications of the U.S. midterm elections. Democrats seized control of both the Senate and House in the US on Tuesday, scoring sweeping victories in Republican strongholds for the first time in generations as voters delivered a scathing rebuke to President Donald Trump.Geopolitical developments remain another source of uncertainty, with U.S. President Donald Trump highlighting progress towards a potential agreement with Iran.Meanwhile, attention is turning to Thursday’s speech by RBA Deputy Governor Andrew Hauser at the Australian National University in Canberra for fresh clues on the central bank’s monetary policy outlook.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 weakened against yen on Wednesday as sweeping victory by Democrats in the US midterm elections sent the dollar lower .Democrats captured majorities in both the Senate and the House, even prevailing in states that have long been conservative bastions, stoking fears that opposition to data centres may gather fresh momentum.Fears that rapid AI sector growth could be hamstrung by regulatory scrutiny following the Democrat win was an immediate focus for the market.Opinion polls have shown Democratic voters favoring more control over AI, and investors expect the Democratic-controlled Congress to apply more scrutiny to the sector .Immediate resistance can be seen at 159.00(Psychological level), an upside break can trigger rise towards 159.48(Higher BB).On the downside, immediate support is seen at 157.95(SMA 20) a break below could take the pair towards 157.35(Daily low).
Equities Recap
European shares rose on Wednesday, led by banks and clean-energy stocks following Democratic gains in the US midterm elections. Novo Nordisk surged after raising its annual forecast.
UK's benchmark FTSE 100 was down by 1.81 percent, Germany's Dax was up by 1.74 percent, France’s CAC was up by 2.10 percent.
Commodities Recap
Gold surged 3% on Wednesday as a weaker US dollar boosted bullion demand following Democratic victories in the midterm elections, while investors awaited US payrolls data for clues on the Fed’s rate outlook.
Spot gold rose to $4,046.74 per ounce by 1234 GMT and was on track to log its biggest daily gain since August 19. Earlier in the ?session, it hit $4,050.99, its highest level since October 29.
Oil prices fell nearly $2 a barrel on Wednesday amid volatile trading as investors awaited Washington’s next move in the US-Israeli war with Iran following Republican losses in the US midterm elections.
Brent futures were down $1.92, or 1.85%, to $101.68 a barrel at 1310 GMT. US West Texas Intermediate crude futures were down $1.75, or 1.82%, to $94.34. Both had risen $1 earlier.