Posted at 06 November 2026 / Categories Market Roundups
Market Roundup
• Japan Overall Wage Income of Employees (Sep): 4.6% actual, 3.8% forecast, 3.9% previous
•Japan Overtime Pay (YoY) (Sep): 3.60% actual, 4.90% previous
•Japan Average Cash Earnings (YoY) (Sep): 4.6% actual, 3.8% forecast, 3.9% previous
•Japan Foreign Bonds Buying: 1,312.0B actual, -81.8B previous
•Japan Foreign Investments in Japanese Stocks: 1,129.3B actual, 1,182.2B previous
Looking Ahead Economic Data (GMT)
•08:45 France French Reserve Assets Total (Oct): 3,70,203.0M
•08:45 France Current Account (Sep): -1.50B previous
•08:45 France Imports (Sep): 60.3B previous
•08:45 France Trade Balance (Sep): -5.8B, -6.1B previous
•08:45 France Exports (Sep): 54.2B previous
•09:00 Switzerland SECO Consumer Climate (Q4): -35 forecast, -33 previous
09:00 Switzerland Foreign Reserves (USD) (Oct): 7,70,476.0B previous
Looking Ahead Events And Other Releases (GMT)
•09:30 US FOMC Member Williams Speaks
•09:30 EU ECB's Lane Speaks
Currency Forecast
EUR/USD : ? ?The euro edged lower on Friday as investors assessed the potential economic and market implications of the Democrats' victory in the US midterm elections. Concerns over tighter regulatory scrutiny of the technology sector have clouded the outlook for AI investment and data centre expansion, although analysts believe existing orders are unlikely to be affected in the near term.Meanwhile, expectations have increased that the election outcome could accelerate efforts to end the Iran conflict, easing geopolitical risks and energy market uncertainty. Investors are alsassessing the possibility of greater fiscal restraint in the US and reduced support for policies targeting sectors such as European banks and clean energy, adding to uncertainty across global markets. Immediate resistance can be seen at 1.1242 (Daily high), an upside break can trigger rise towards 1.1291(38.2%fib).On the downside, immediate support is seen at 1.1118(23.6%fib), a break below could take the pair towards 1.1102(Lower BB).
GBP/USD: The pound slipped lower on Friday as dollar firmed on safe-haven demand after a selloff in AI stocks worldwide, though lower Treasury yields capped gains ahead of a closely watched US payrolls report. Currencies are swaying to the tune of the share and bond markets, analysts said, as investors take stock of the Democrats' victory in the US midterm elections and what that means for the AI trade, tariffs and the US-Israeli war with Iran . The dollar index , which measures the greenback against six peers, was up 0.25% at 101.76.The sterling was last down 0.2%at $1.3433. 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 slipped lower on Friday as investors reduced exposure to risk-sensitive assets ahead of a potentially volatile end to the trading week.Growing concerns over a deeper selloff in technology stocks, particularly amid fears of tighter artificial intelligence (AI) regulations and uncertainty surrounding future AI investment, have weighed on global market sentiment and undermined demand for the Australian dollar. Meanwhile, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser cautioned that public confidence in the central bank's ability to bring inflation under control is at risk. His remarks underscore the difficult balance facing policymakers as persistent inflationary pressures complicate the economic outlook.Markets are now increasingly pricing in an extended pause, with the RBA expected to keep its cash rate unchanged at least until its June 22, 2027 monetary policy meeting.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 higher against yen on Friday as investors positioned ahead of a closely watched US payrolls report.The US employment report is expected to show unemployment steady at 4.2% in October, although it could ease to 4.1%. Historically low layoffs and rising job openings point to a potentially tightening labour market.US nonfarm payrolls are forecast to rise by 65,000 in October, following a 29,000 increase in September, which was partly constrained by a late Labor Day holiday. Economists' estimates range from 35,000 to 125,000 jobs.Traders currently see a 68% chance that the Fed will raise rates in December, down from the near certainty expected last month, according to CME's FedWatch tool. 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
Asian stocks dipped on Friday as concerns grew that the Democrats' victory in the US midterm elections could lead to tighter AI regulations and slow investment in AI infrastructure. The resulting risk aversion prompted investors to move funds into safer government bonds.
Japan’s Nikkei 225 was down by 6.04% , Hang Seng was down at 1.59%, China A50 was down at 1.59%
Commodities Recap
Gold prices edged lower on Friday as a rebound in oil prices revived inflation concerns and expectations of higher interest rates for longer.
Spot gold fell 1% to $4,047.19 per ounce by 0718 GMT, but was on track for ?its best week since late August.
Oil prices are heading for a sharp weekly decline as expectations of a possible de-escalation in the Iran conflict increased following election losses by US President Donald Trump's party.
Brent crude futures for January rose on Friday by $1.29, or 1.31%, to $99.58 a barrel as of 0504 GMT. US West Texas Intermediate ?futures climbed 86 cents, or 0.95%, to $91.38 a barrel. Brent briefly breached ?the $100-a-barrel mark in morning trade.