Posted at 07 November 2026 / Categories Market Roundups
Market Roundup
•US Nonfarm Payrolls (Oct): 165K, 65K forecast, 60K previous
•US Unemployment Rate (Oct): 4.1%, 4.2% forecast, 4.2% previous
•US Average Hourly Earnings (MoM) (Oct): 0.4%, 0.3% forecast, 0.3% previous
•US Private Nonfarm Payrolls (Oct): 159K, 64K forecast, 78K previous
•US Participation Rate (Oct): 61.9%, 61.8% forecast, 61.8% previous
•US U6 Unemployment Rate (Oct): 7.9%, 7.6% previous
•US Average Hourly Earnings (YoY) (Oct): 3.1%, 2.9% forecast, 3.2% previous
•US Manufacturing Payrolls (Oct): 19K, 5K forecast, 13K previous
•US Government Payrolls (Oct): 6.0K, -18.0K previous
•US Average Weekly Hours (Oct): 34.4, 34.4 forecast, 34.4 previous
•Canada Unemployment Rate (Oct): 6.7%, 6.5% forecast, 6.5% previous
•Canada Employment Change (Oct): -4.7K, 14.6K forecast, -68.3K previous
•Canada Part Time Employment Change (Oct): 13.4K, -32.9K previous
•Canada Full Employment Change (Oct): -18.1K, -35.4K previous
•Canada Participation Rate (Oct): 64.8%, 64.8% previous
•Canada Average Hourly Wages Permanent Employee (Oct): 2.0%, 2.3% previous
•US Michigan 1-Year Inflation Expectations (Nov): 4.3%, 4.6% forecast, 4.7% previous
•US Michigan Consumer Sentiment (Nov): 51.0, 48.1 forecast, 48.0 previous
•US Michigan Consumer Expectations (Nov): 50.9, 49.5 forecast, 48.8 previous
•US Michigan 5-Year Inflation Expectations (Nov): 3.4%, 3.5% forecast, 3.5% previous
•US Michigan Current Conditions (Nov): 51.0, 48.0 forecast, 46.7 previous
•Canada Ivey PMI (Oct): 58.3, 57.7 forecast, 58.2 previous
•Canada Ivey PMI n.s.a (Oct): 56.4, 61.9 previous
Looking Ahead Economic Data (GMT)
•No Data Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : ? ?The euro extended declined against dollar on Friday after a stronger-than-expected US payrolls report solidified expectations for a rate hike from the Federal Reserve ?next month.The Labor Department said US nonfarm payrolls jumped by 165,000 jobs last month, topping the 65,000 estimate of economists polled by Reuters, after an upwardly revised 60,000 gain in September. The unemployment rate dipped to 4.1%.The report gives the Federal Reserve latitude to continue to hike interest rates, and market expectations for an increase of at least 25 basis points at the central bank's December meeting moved back up towards 80% in the wake of the report, according to the CME FedWatch Tool. Immediate resistance can be seen at 1.1190 (SMA 20), an upside break can trigger rise towards 1.1227(38.2%fib).On the downside, immediate support is seen at 1.1115(23.6%fib), a break below could take the pair towards 1.1082(Lower BB).
GBP/USD: The pound weakened against the dollar on Friday as dollar firmed after data showed US labor market regains ground in October.Nonfarm payrolls jumped by 165,000 jobs last month after an upwardly revised 60,000 gain in September, the Labor Department's Bureau ?of Labor Statistics said. Economists polled by Reuters had forecast payrolls advancing 65,000 after a previously reported 29,000 increase in September. The better-than-expected report followed on the heels of data this week showing a rise in job openings in September, which combined with historically low layoffs has raised the specter of the labor market tightening. Immediate resistance can be seen at 1.3401(50%fib), an upside break can trigger rise towards 1.3514(61.8%fib).On the downside, immediate support is seen at 1.3343(SMA 20), a break below could take the pair towards1.3291(38.2%fib).
USD/CAD: The Canadian dollar fell by the most in nine months against its US counterpart on Friday after domestic data showed the economy ?shed jobs for a third straight month, cooling expectations for Bank of Canada interest rate hikes. Canadian employment fell 4,700 in October and the jobless ?rate rose to a six-month high of 6.7%. Analysts had expected a 13,600 jobs gain. Chances the Bank of ?Canada would tighten in December dipped to 36% from 40%, swap market data showed.The Canadian central bank unveiled on Thursday a new five-year monetary policy framework with the federal finance ministry, keeping its inflation target unchanged at 2%. Immediate resistance can be seen at 1.4188(38.2%fib), an upside break can trigger rise towards 1.4302(23.6%fib).On the downside, immediate support is seen at 1.4102(50%fib), a break below could take the pair towards 1.4071 (SMA20).
USD /JPY : The U.S. dollar rose higher against yen on stronger-than-expected US payrolls report solidified expectations for a rate hike from the Federal Reserve next month.US nonfarm payrolls increased more than expected in ?October and the unemployment rate fell to 4.1%, suggesting the labor market remained resilient and giving the Federal Reserve ?more scope to focus on inflation stemming from the Middle East conflict.Traders currently see an 81% chance that the Fed will raise rates in December, compared with 72.8% before the payrolls report, according to CME's FedWatch tool. Comments from Fed officials on Friday supported views for a rate hike. New York Federal Reserve President John Williams said on Friday that US economic growth has remained remarkably resilient in the face of successive shocks but inflation is too high and it is essential to bring it back to 2%.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 stocks fell 1% on Friday, with insurance shares leading a broad-based selloff as investors reassessed the outlook for AI-related stocks following the Democrats' sweep of the US Congress.
UK's benchmark FTSE 100 closed down by 1.01percent, Germany's Dax ended down by 1.92percent, France’s CAC finished the day down by 0.81 percent.
Technology stocks rebounded on Friday after suffering their steepest losses in more than a year, although the Nasdaq Composite extended its losing streak to four consecutive weeks as investors assessed the outlook for AI-related investments.
Dow Jones closed down by 0.46percent, S&P 500 ended up by 0.32 percent, Nasdaq finished the day up by 1.09 percent.
Commodities Recap
Gold prices declined on Friday as stronger-than-expected US payrolls data boosted the dollar and Treasury yields, reinforcing expectations that the Federal Reserve could keep interest rates higher for longer.
Spot gold fell 0.3% to $4,074.36 per ounce by 01:54 p.m. ET (1854 GMT). ?The metal fell by more than 1% to hit a low of $4,033.29 earlier in ?the session. Spot gold was up 5.2% for the week, on track for ?its best week since August.
Crude oil futures edged higher late on Friday amid renewed concerns over potential US strikes on Iran, after President Donald Trump said he would soon decide whether to pursue a peace deal or launch further attacks on the country.
Brent crude futures for January settled at $98.32 a barrel, up 3 cents, or 0.03%. US West Texas Intermediate futures finished at $90.83 a barrel, up 31 cents, or 0.34%.