Posted at 13 November 2026 / Categories Market Roundups
Market Roundup
• US Initial Jobless Claims: 200K, 194K forecast, 191K previous
•US Continuing Jobless Claims: 1,697K, 1,710K forecast, 1,717K previous
•US Jobless Claims 4-Week Avg.: 195.25K, 195.25K previous
•Canada Building Permits (MoM) (Sep): -4.1%, -4.0% forecast, 7.6% previous
•US Existing Home Sales (Oct): 3.75M, 3.89M forecast, 3.97M previous
•US Existing Home Sales (MoM) (Oct): -5.5%, -3.5% forecast, 1.0% previous
•US 4-Week Bill Auction: 3.955%, 3.890% previous
•US 8-Week Bill Auction: 4.080%, 3.975% previous
•US Crude Oil Inventories: 4.657M, -0.600M forecast, -0.865M previous
•US Cushing Crude Oil Inventories: 0.106M, 0.280M 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 weakened against the US dollar on Thursday as hawkish reassessment of the Federal Reserve's interest-rate path.Fed officials this week warned that inflation remains stubbornly elevated, with some signaling openness to a 50-basis-point rate increase if price pressures fail to ease. Strong US inflation data released on Tuesday reinforced that view, prompting traders to raise expectations for further policy tightening.The euro dropped 0.32% to $1.1055, hitting its lowest level against the dollar since April 2025. Immediate resistance can be seen at 1.1168(38.2%fib), an upside break can trigger rise towards 1.1103(Daily high).On the downside, immediate support is seen at 1.1042(38.2%fib), a break below could take the pair towards 1.1012(Lower BB).
GBP/USD: The pound dipped against dollar on Thursday as dollar firmed as strong inflation data triggered a hawkish repricing of the Federal Reserve's rate path. The Fed is widely expected to raise rates by a quarter of a percentage point at its December 8-9 meeting. Earlier this week, Fed Governor Christopher Waller, an influential voice on monetary policy issues, seemed to favor a half-percentage-point hike next month, given that consumer inflation data for October came in above expectations.Investors are now pricing in a near 85% chance of a December Fed rate hike, according to the CME's FedWatch tool. Immediate resistance can be seen at 1.3273(38.2%fib), an upside break can trigger rise towards 1.3360(SMA 20).On the downside, immediate support is seen at 1.3200(Lower BB), a break below could take the pair towards 1.3136(23.6%fib).
USD/CAD: The Canadian dollar steadied near a 19-month low against its US counterpart on Thursday as investors awaited US producer price data that could support expectations for Federal Reserve interest rate hikes.The US dollar rose to a 19-month high against a basket of major currencies as investors pushed Treasury yields higher following a hawkish reassessment of the Fed's interest-rate path.Data last Friday showed that Canada's economy shed jobs for a third straight month in October.The price of oil, one of Canada's major exports, rose on continued disruptions to shipping through the Strait of Hormuz. US crude futures settled 2.55% higher at $88.74 a barrel. Immediate resistance can be seen at 1.4290(38.2%fib), an upside break can trigger rise towards 1.4317(Higher BB).On the downside, immediate support is seen at 1.4227 (Nov 12th low), a break below could take the pair towards 1.4143(38.2%fib).
USD /JPY : The US dollar steadied against the Japanese yen on Thursday as dovish remarks from a Bank of Japan policymaker undermined expectations of an imminent monetary policy tightening. BOJ board member Toichiro Asada, who opposed September's decision to raise interest rates to 1.25%, warned that raising borrowing costs too soon could undermine economic growth and weaken underlying inflation. His comments reinforced expectations that the central bank would maintain a cautious approach to further rate increases. Immediate resistance can be seen at 160.07(23.6%fib), an upside break can trigger rise towards 160.35(Higher BB).On the downside, immediate support is seen at 159.30(Nov 12th low) a break below could take the pair towards 158.27(38.2% fib).
Equities Recap
Europe's benchmark STOXX 600 ?eased off a record high but still eked out a slim gain on Thursday, boosted by strong earnings and a rotation out of AI-linked stocks in Asia and the US..
UK's benchmark FTSE 100 closed up by 0.25 percent, Germany's Dax ended up by 0.41 percent, France’s CAC finished the day up by 0.34 percent.
US stocks closed lower on Thursday, as a drop in Nvidia shares after CEO ?Jensen Huang's exit outweighed gains in energy shares.
Dow Jones closed down by 0.34 percent, S&P 500 ended down by 0.35 percent, Nasdaq finished the day down by 0.39 percent.
Commodities Recap
Gold fell 3% to a more-than-one-year low on Thursday, extending losses for a third session as rising oil prices and fading Middle East peace hopes fuelled inflation concerns and rate-hike expectations.
Spot gold dipped 2.7% to $3,880.93 per ounce by 1:53 p.m. ET (1855 GMT), ?having touched its lowest level since October 2025 earlier in the session.
Oil prices surged $3 a barrel on Thursday as attacks on Saudi energy infrastructure and Strait of Hormuz shipping disruptions heightened global supply concerns.
Brent futures settled at $95.82 a barrel, up $3.06 or 3.3%. US West Texas Intermediate crude closed at $88.74 a barrel, up $2.21 or 2.6%.