Posted at 09 November 2026 / Categories Market Roundups
Market Roundup
•Australia Building Approvals (MoM) (Sep): 5.1%, 5.1% forecast, -5.2% previous
•Australia Building Approvals (YoY) (Sep): -0.8%, -0.8% forecast, 12.1% previous
•Australia Private House Approvals (Sep): -5.3%, -5.3% forecast, 5.4% previous
•China CPI (MoM) (Oct): 0.0%, 0.0% forecast, 0.2% previous
•China CPI (YoY) (Oct): 0.7%, 0.8% forecast, 0.9% previous
•China PPI (YoY) (Oct): 5.7%, 5.3% forecast, 5.0% previous
•Japan Coincident Indicator (MoM) (Sep): 0.7%, -1.8% previous
•Japan Leading Index (MoM) (Sep): -1.6%, 0.4% previous
•Japan Leading Index (Sep): 116.4, 116.7 forecast, 118.0 previous
Looking Ahead Events And Other Releases (GMT)
•15:00 US CB Employment Trends Index (Oct): 107.56 previous
•15:00 US Wholesale Trade Sales (MoM) (Sep): 1.8% previous
•15:00 US Wholesale Inventories (MoM) (Sep): 0.6% forecast, 0.6% previous
•15:30 US Atlanta Fed GDPNow (Q4): 3.4% forecast, 3.4% previous
•15:30 US Consumer Inflation Expectations (Oct): 3.9% previous
•16:30 US 3-Month Bill Auction: 4.040% previous
• 16:30 US 6-Month Bill Auction: 4.150% previous
Looking Ahead Events And Other Releases (GMT)
•17:15 US FOMC Member Bowman Speaks
•17:15 US FOMC Member Barkin Speaks
•17:25 UK BoE Gov Bailey Speaks
Currency Forecast
EUR/USD : ? ?The euro rose higher on Monday as greenback came under pressure as broader market sentiment improved at the start of the week. US consumer price index data due on Tuesday is expected to show a 0.3% monthly increase, according to a Reuters poll, with investors closely monitoring the release for further clues on the Federal Reserve's monetary policy outlook. Meanwhile, interest rate futures are pricing in an 81% probability of a Fed rate hike on December 9, up from a week earlier, according to CME Group's FedWatch tool O the data front, investor morale in the euro zone edged lower in November, underscoring expectations for economic stagnation, a survey showed on Monday.The Sentix index for the euro zone fell to 2.4 points in November from 2.7 points in October, compared with an analyst forecast for 2.1 points. 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 strengthened on Monday as improving sentiment towards technology stocks reduced demand for the US dollar, while falling crude prices provided additional support to sterling. Oil prices have declined in recent weeks amid growing optimism that the Middle East conflict could move towards a resolution, although they remain significantly above pre-war levels. Central bank policymakers and investors continue to assess the economic consequences of the conflict and the resulting surge in energy prices. Meanwhile, UK GDP data due later this week will be closely watched for further clues on the economy's performance. A Reuters poll of economists forecasts the UK economy grew by 0.7% in the third quarter, marking an acceleration from the previous quarter. Immediate resistance can be seen at 1.3427(Daily high), an upside break can trigger rise towards 1.3472(38.2%fib).On the downside, immediate support is seen at 1.3351(38.2%fib), a break below could take the pair towards1.3278(Oct 28th low).
AUD/USD: The Australian dollar firmed on Monday as Australian dollar received some support from comments by Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter.A senior Reserve Bank of Australia official noted that AI has yet to deliver substantial productivity gains or cause significant employment disruption, but warned that its rapid expansion could pose growing challenges to financial stability. Hunter said there was little evidence so far that artificial intelligence had delivered meaningful productivity gains or significantly affected employment.Markets are 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 0.6909(Daily high), an upside break can trigger rise towards 0.6958(38.2%fib).On the downside, immediate support is seen at 0.6986 (23.6% fib), a break below could take the pair towards 0.6838(Lower BB)
USD /JPY : The U.S. dollar dipped against yen on Monday as US dollar nudged lower on profit taking .The dollar was support from a rout in AI stocks at the end of last week that drove investors to seek out safe-haven assets. AI jitters however eased on Monday and a 1.3% drop in Brent crude futures after US President Donald Trump downplayed the likelihood of renewed strikes on Iran also boosted sentiment. Tuesday's US consumer price index data is expected to show a monthly rise of 0.3%, according to a Reuters poll.Immediate resistance can be seen at 158.85(Higher BB), an upside break can trigger rise towards 159.56(50% fib).On the downside, immediate support is seen at 157.95(50% fib) a break below could take the pair towards 156.59(Lower BB).
Equities Recap
European stocks advanced on Monday, with banking shares leading the gains as dealmaking involving Credit Agricole and Banco BPM, alongside stronger-than-expected results from Italy's UniCredit, boosted investor sentiment towards the sector.
UK's benchmark FTSE 100 was up by 0.82 percent, Germany's Dax was up by 2.54 percent, France’s CAC was up by 1.07 percent.
Commodities Recap
Gold prices climbed on Monday as declining oil prices eased inflationary concerns and supported demand for the precious metal.
Spot gold rose 0.9% to $4,102.25 per ounce by 1125 GMT, while US gold futures for December ?delivery also gained 0.9% to $4,111.60.
Oil prices tumbled on Monday after US President Donald Trump signalled that further military strikes on Iran were unlikely, easing concerns over potential supply disruptions.
Brent crude futures slid by $4.09, or 4.2%, to $94.23 a barrel by ?1317 GMT while US West Texas Intermediate lost $3.57, or 3.9%, to $87.26.