Posted at 10 November 2026 / Categories Market Roundups
Market Roundup
• France 12-Month BTF Auction: 3.215%, 3.352% previous
•France 3-Month BTF Auction: 2.823%, 2.788% previous
•France 6-Month BTF Auction: 2.994%, 3.068% previous
•US CB Employment Trends Index (Oct): 108.36, 108.43 previous
•US Wholesale Trade Sales (MoM) (Sep): 2.8%, 1.1% forecast, 2.0% previous
•US Wholesale Inventories (MoM) (Sep): 0.7%, 0.6% forecast, 0.6% previous
•US Atlanta Fed GDPNow (Q4): 3.5%, 3.4% forecast, 3.4% previous
•US 3-Month Bill Auction: 4.060%, 4.040% previous
•US 6-Month Bill Auction: 4.145%, 4.150% previous
Looking Ahead Events And Other Releases (GMT)
• 00:30 Australia NAB Business Confidence (Oct): -13 previous
• 00:30 Australia NAB Business Survey (Oct): -1 previous
• 03:00 China Trade Balance (USD) (Oct): $126.50B forecast, $133.53B previous
• 03:00 China Exports (YoY) (Oct): 33.5% forecast, 36.3% previous
• 03:00 China Imports (Oct): 24.60M previous
• 03:00 China Trade Balance (Oct): 859.00B forecast, 905.97B forecast
Looking Ahead Events And Other Releases (GMT)
• No Data Ahead
Currency Forecast
EUR/USD : ? ?The euro rose higher on Monday as easing concerns about an escalation in the Iran war prompted investors to rotate back into risk assets. Sentiment improved after US President Donald Trump said on Sunday he was highly unlikely to order fresh attacks on Iran as long as diplomatic efforts continued. Trump is due to meet Qatar's Sheikh Mohammed bin Abdulrahman Al-Thani on Monday as efforts to secure an end to the conflict gather pace.Futures imply around 82% odds the US Federal Reserve will raise interest rates at itsDecember 8-9 meeting, up from aweek earlier, according to CME Group's FedWatch tool.Investors will be eyeing the release on Tuesday of US Consumer Price Index data, which is expected to show a monthly rise of 0.3%, according to a Reuters poll. 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 rose against the dollar on Monday as the concerns over AI stocks that gave the dollar a boost ?at the end of last week eased and oil prices fell.Brent crude futures were last down 3.2% on the day at $95.16 ?a barrel after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.Oil prices have eased in recent ?weeks as markets have become more optimistic about the conflict in the Middle East ?being resolved, but are still far higher than before the war broke out.On ?the data front, Britain's jobs market cooled in October, but starting salaries for permanent jobs rose at a faster pace, according to a survey of recruiters published on Monday. Immediate resistance can be seen at 1.3505(38.2%fib), an upside break can trigger rise towards 1.3560 (Sep 9th high).On the downside, immediate support is seen at 1.3395(50%fib), a break below could take the pair towards1.3368(SMA20).
USD/CAD: The Canadian dollar fell against its US counterpart on Monday as oil ?prices fell and after recent domestic jobs data kept expectations for Bank of Canada interest rate hikes in check. The price of oil, one ?of Canada's ?major exports, fell after US President Donald Trump downplayed the likelihood of renewed strikes on Iran. US crude oil futures were trading 3.5% lower at $87.64 a ?barrel.Data ?on Friday showed that Canadian employment fell for a third straight month in October and the jobless rate rose to a six-month high of 6.7%. Separate data showed accelerating US job growth. Investors see a roughly 40% chance the BoC will raise interest rates in December. Chances that the Fed ?would tighten next month ?are seen ?at 84%. Immediate resistance can be seen at 1.4141(38.2%fib), an upside break can trigger rise towards 1.4202(Higher BB).On the downside, immediate support is seen at 1.4058 (SMA 20), a break below could take the pair towards 1.4032(38.2%fib).
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 shares rose more than 1%, with gains spreading across sectors, while bank stocks outperformed on renewed dealmaking involving Credit Agricole and Banco BPM, alongside strong earnings from Italy's UniCredit.
UK's benchmark FTSE 100 closed up by 1.02 percent, Germany's Dax ended up by 1.73 percent, France’s CAC finished the day up by 1.16 percent.
US stocks rallied on Monday as falling oil prices eased inflation concerns, lifting the S&P 500 after its biggest weekly loss since April 2025, while tech shares gained despite Nvidia's decline amid controversy surrounding its CEO.
Dow Jones closed up by 2.15 percent, S&P 500 ended up by 2.34 percent, Nasdaq finished the day up by 2.74percent.
Commodities Recap
Gold prices ?climbed more than 1% on Monday as the dollar eased and inflationary jitters took a back seat due to lower crude oil prices, while markets awaited US inflation data later this week.
Spot gold was up 1% at $4,107.01 per ounce by 1:35 p.m. ET (1830 GMT). US gold futures for December delivery ?settled 1% higher at $4,114.50.
Brent crude fell more than $7 a barrel after Monday's settlement, hitting its lowest level since late August as Trump downplayed the prospect of renewed US strikes on Iran.
Brent ?crude futures settled down $5.75, or 5.85%, at $92.57 a barrel. Prices continued falling after settlement, and were last down more than $7 a barrel.