Posted at 11 November 2026 / Categories Market Roundups
Market Roundup
• Australia Home Loans (MoM) (Q3) -5.3%, -2.0% previous
•Japan Machine Tool Orders (YoY) 42.5%, 60.4% previous
Looking Ahead Economic Data(GMT)
• 09:00 Italian Industrial Production (YoY) (Sep): 0.0% previous
• 09:00 Italian Industrial Production (MoM) (Sep): 0.7% forecast, -1.3% previous
• 10:00 Irish HICP (MoM) (Oct): 0.5% forecast, 0.2% previous
• 10:00 Irish HICP (YoY) (Oct): 4.0% forecast, 3.8% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : ? ?The euro dipped on Wednesday after data overnight showed US core inflation rose 0.3% in October from the previous month.The reading matched a pace that Federal Reserve Governor Christopher Waller has said would be compatible with a 50-basis-point interest rate increase.Comments from voting members of the central bank's rate-setting committee signalling continued concern over elevated inflation further bolstered expectations for additional rate hikes. The chorus of hawkish rhetoric sent Fed funds futures tumbling, with a quarter-point move in December now essentially locked in and a 10% risk of a 50 bp rise. A total of three quarter-point moves are fully priced in by the middle of next year. Immediate resistance can be seen at 1.1193(SMA 20), an upside break can trigger rise towards 1.1298(38.2%fib).On the downside, immediate support is seen at 1.1118(23.6%fib), a break below could take the pair towards 1.1092(Lower BB).
GBP/USD: The pound dipped on Wednesday as dollar held firm after a hot US inflation print raised the risk of a half-point rate hike next month.Data showed overnight core US inflation ran at a monthly rate of 0.3% in October, higher than the forecast 0.2%. Before the data landed, Fed Governor Christopher Waller said a core reading of 0.3% would prompt him to consider a 50-basis-point hike at the next meeting in December.Dallas Fed President Lorie Logan said two more rate rises were needed, possibly rapidly, and Chicago Fed President Austan Goolsbee warned of a "real inflation issue" on hand, while Philadelphia Fed President Anna Paulson called for gradual rate hikes. Immediate resistance can be seen at 1.3373(SMA 20), an upside break can trigger rise towards 1.3399(38.2%fib).On the downside, immediate support is seen at 1.3293(38.2%fib), a break below could take the pair towards 1.3242(Lower BB).
AUD/USD: The Australian dollar hovered near seven-month low on Wednesday as grim economic surveys reinforced bets that local interest rates have peaked.The Australian dollar is facing additional headwinds from a strengthening US dollar, as hotter-than-expected US inflation and hawkish Federal Reserve commentary have boosted expectations for further Fed tightening. Surveys in Australia showed consumer sentiment hit a four-year low in November and business conditions remained stuck in negative territory, a sign that things might be on the way to getting worse.Investors will closely monitor the RBA's November meeting minutes for additional clues on policymakers' assessment of inflation risks and the future interest rate path.RBA Governor Michele Bullock is also scheduled to speak at an ASIC forum on November 17, with markets looking for further guidance on the central bank's policy outlook. Immediate resistance can be seen at 0.6937(38.2%fib), an upside break can trigger rise towards 0.6978(SMA 20).On the downside, immediate support is seen at 0.6853(23.6% fib), a break below could take the pair towards 0.6850(Lower BB)
USD /JPY : The U.S. dollar edged higher against yen on Wednesday as as hotter-than-expected US inflation data pushed dollar higher higher and reinforced expectations of further Federal Reserve monetary tightening.The hawkish shift in US interest rate expectations has widened the yield differential between Japanese government bonds (JGBs) and US Treasuries, further favouring the dollar against the yen.The US Consumer Price Index rose 0.4% in October after advancing 0.6% in September, according to official data. Economists polled had forecast the CPI climbing 0.3% over the month.Fed funds futures now imply a 91.9% chance of a 25 basis point rate rise next month and a 9.1% chance of a 50-basis-point move, according to CME Group's FedWatch tool. Immediate resistance can be seen at 158.72(38.2%fib), an upside break can trigger rise towards 159.64(Higher BB).On the downside, immediate support is seen at 157.86(50% fib) a break below could take the pair towards 156.66(61.8% fib).
Equities Recap
Asian equities rallied on Wednesday, supported by improving sentiment across technology stocks after CoreWeave's earnings results helped ease concerns about an artificial intelligence (AI) investment bubble.
Japan’s Nikkei 225 was up by 1.42% , Hang Seng was down at 0.80%, China A50 was up at 0.85%
Commodities Recap
Gold prices edged higher on Wednesday, recovering modestly after plunging nearly 3% in the previous session.
Spot gold rose 0.6% to $4,057.33 per ounce at 0637 ?GMT after falling nearly 3% to $4,017.21 on Tuesday. US gold ?futures for December delivery gained 0.9% to $4,065.40
Oil prices rebounded on Wednesday from the previous session's two-month lows, as investors weighed hopes of easing tensions in the US-Israeli conflict with Iran against persistent concerns over shipping disruptions and security risks in the Strait of Hormuz.
Brent futures climbed $1.04, or 1.1%, to $92.53 a barrel ?at 0420 GMT. US West Texas Intermediate crude rose 67 cents, or 0.8%, to $86.71.