Posted at 11 November 2026 / Categories Market Roundups
Market Roundup
•German CPI (MoM) (Oct): -0.2%, -0.2% forecast, 0.6% previous
•German CPI (YoY) (Oct): 2.8%, 2.8% forecast, 3.3% previous
•German HICP (MoM) (Oct): -0.1%, -0.1% forecast, 0.6% previous
•German HICP (YoY) (Oct): 2.8%, 2.8% forecast, 3.3% previous
•Italian Industrial Production (YoY) (Sep): -0.1%, 0.2% previous
•Italian Industrial Production (MoM) (Sep): 1.2%, 0.7% forecast, -1.2% 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 dipped on Wednesday after showed German inflation slowed to 2.8% in October, confirming a preliminary reading. German inflation ?slowed to 2.8% in October, the ?federal ?statistics office said on ?Wednesday, ?confirming initial data. A preliminary ?read-out from the statistics office ?showed last ?month that October inflation ?slowed to 2.8% year-on-year, down ?from ?3.3% ?in September. The figures are ?harmonised to ?compare ?with other European ?Union ?countries. A forecast from the National Institute of Economic and Social Research pointed to stronger UK economic growth in 2026, while warning inflation may not return to the Bank of England's 2% target until late 2030. 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 fell on Wednesday as dollar strengthened across the board after US inflation data and hawkish comments from ?Federal Reserve officials a day earlier fuelled bets that the US central bank will hike interest rates next month. Investors will be watching for Britain's latest gross domestic product data, due on ?Thursday. A Reuters survey of economists forecasts 0.7% quarter-on-quarter growth in the third quarter, which would be a ?pick-up from the previous period. The Bank of England raised interest rates last Thursday for the first time in over three years in an almost unanimous decision. Analysts have noted that hawkish expectations from the British central bank have supported the pound lately. 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 dipped 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 rose higher against yen on Wednesday 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
European shares climbed on Wednesday, with the STOXX 600 nearing a record high, as upbeat forecasts from Siemens Energy and US-based CoreWeave boosted optimism around AI-related stocks, although persistent inflation concerns limited gains.
UK's benchmark FTSE 100 was last trading up at 0.29 percent, Germany's Dax was up by 0.72 percent, France’s CAC was last up by 0.41percent.
Commodities Recap
Gold prices edged higher on Wednesday but remained near the $4,000 mark, recovering modestly from the previous session's sharp selloff as hotter-than-expected US inflation and hawkish Fed comments reinforced expectations of further and potentially larger interest rate hikes.
Spot gold ?rose 0.3% to $4,042.71 per ounce by 1243 GMT after dropping around 3% to $4,013.29 on Tuesday. ?US gold futures for December delivery was up 0.51% at $4,050.70 per ounce.
Oil prices gained around 1% on Wednesday, rebounding from two-month lows hit in the previous session, after Iran's security chief ruled out allowing any enriched nuclear material to leave the country.
Brent futures ?were up $1.22, or 1.3%, at $92.71 a barrel by 1412 GMT. US West Texas Intermediate crude gained $1.09, or 1.3%, ?to $87.13.