Posted at 06 November 2026 / Categories Market Roundups
Market Roundup
• US Initial Jobless Claims: 189K, 197K forecast, 195K previous
• US Nonfarm Productivity (QoQ) (Q3): 3.6%, 2.8% forecast, 2.1% previous
• US Unit Labor Costs (QoQ) (Q3): -0.7%, 0.3% forecast, 1.9% previous
• US Continuing Jobless Claims: 1,718K, 1,710K forecast, 1,695K previous
• US Jobless Claims 4-Week Avg.: 194.75K, 197.00K previous
• US Natural Gas Storage: 77B, 81B forecast, 80B previous
• US 4-Week Bill Auction: 3.890%, 3.910% previous
• US 8-Week Bill Auction: 3.975%, 4.020% previous
Looking Ahead Economic Data(GMT)
• No Data Ahead
Looking Ahead Events And Other Releases (GMT)
• No Events Ahead
Currency Summaries
EUR/USD : ? ? The euro eased slightly on Thursday, after a three-day rally, as energy prices headed higher amid uncertainty about what will happen in the war in Iran before the new Democratic-controlled US Congress takes office in January.Democrats swept to majorities in the Senate and House of Representatives, spurring gains in US Treasuries and global equities, though doubts remained about whether the new Congress would be as accommodating to the AI sector.Despite the political shift in the US, expectations for the Federal Reserve's interest rate path remained largely intact. Markets are pricing in an 80.7% chance of a rate increase of at least 25 basis points from the Fed at its December meeting, according to CME FedWatch, up from 77.4% in the prior session. 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: Sterling initially gained against dollar but gave up ground as investors assessed Bank of England rate decision . The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues.The central bank's Monetary Policy Committee (MPC) voted 8-1 to raise rates to 4% from 3.75%, but in contrast to expectations in a Reuters poll, the dissent came not from a policymaker seeking to keep rates on hold but one seeking a bigger hike.Sterling edged up after the decision and was last trading at $1.3477. 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).
USD/CAD: The Canadian dollar eased on Thursday as investors awaited Canadian jobs data and assessed the outlook for US policy following the midterm elections.Public anger over Trump's policies and rising living costs linked to the US-Iran war helped Democrats secure control of both chambers of Congress.Dominic LeBlanc, Canada's minister responsible for US trade relations, said on Wednesday that the US midterm election results would not alter Ottawa's approach to trade negotiations with Washington. He added that he would speak with his US counterpart soon.Canada's October employment report, due Friday, is expected to show a gain of 13,600 jobs, while the unemployment rate is forecast to remain steady at 6.5%.. Immediate resistance can be seen at 1.4033 (50%fib), an upside break can trigger rise towards 1.4077(Higher BB).On the downside, immediate support is seen at 1.3929(61.8%fib), a break below could take the pair towards 1.3971 (lower BB).
USD /JPY : The U.S. dollar dipped against yen on Thursday after minutes from the Bank of Japan's September meeting, when policymakers raised rates to a 31-year high of 1.25%, reinforced bets for further interest rate hikes.The BOJ minutes showed some board members signalling a chance of faster-paced increases. Markets now widely expect the BOJ's next hike to come in December. The yen JPY= rose 0.14% to 158.18 per dollar.The BOJ board also debated neutral rate and market pricing of the BOJ's terminal rate, in a sign of its growing focus on how far the central bank could lift borrowing costs without cooling the economy too much. 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 benchmark stocks fell on Thursday, weighed down by losses in technology shares as investors reassessed the sector's outlook following the Democrats' sweeping gains in the US midterm elections. Weakness in defence stocks added to the downward pressure.
UK's benchmark FTSE 100 closed down by 0.43 percent, Germany's Dax ended down by 0.43 percent, France’s CAC finished the day up by 0.34 percent.
The Nasdaq Composite tumbled on Thursday, recording its steepest single-day decline in 19 months and officially entering correction territory.
Dow Jones closed down by 3.44 percent, S&P 500 ended down by 5.52 percent, Nasdaq finished the day down by 5.52 percent.
Commodities Recap
Gold prices hit a more than two-week high on Thursday as the US dollar and Treasury yields weakened after lower oil prices eased inflation concerns, while investors awaited key US payrolls data for rate policy clues.
Spot gold was up 1% at $4,100.27 per ounce by 02:05 p.m. ET (1905 GMT) after hitting ?a session high of $4,146.63 per ounce, a level last seen on October 20.
Brent crude futures settled over $3 a barrel higher on Thursday as new attacks on tankers fed worries about oil supplies while investors reassessed the outlook for the US-Israeli war with Iran.
Brent finished up $3.67, or 3.88% at $98.29 a barrel. US West Texas Intermediate crude closed $2.40, or 2.72% higher at $90.52 a barrel.