Posted at 13 November 2026 / Categories Market Roundups
Market Roundup
•New Zealand Business NZ PMI (Oct) 54.9, 56.5 previous
Looking Ahead Economic Data (GMT)
• 07:45 France CPI (MoM) (Oct): 0.4% forecast, -0.3% previous
• 07:45 France HICP (MoM) (Oct): 0.4% forecast, -0.3% previous
• 07:45 France HICP (YoY) (Oct): 3.8% forecast, 3.4% previous
• 07:45 France Inflation (YoY) (Oct): 3.10% previous
• 07:45 France CPI (YoY) (Oct): 3.4% forecast,, 3.1% previous
• 07:45 France CPI NSA (MoM) (Oct): 0.40% previous
• 07:45 France CPI NSA (YoY) (Oct): 3.40% previous
• 07:45 10: 00 EU Trade Balance (Sep): -4.5B forecast, -16.1B previous
•10: 00 EU GDP (YoY) (Q3): 1.3% forecast,, 0.5% previous
•10: 00 EU GDP (QoQ) (Q3): 0.4% forecast, 0.6% previous
•10: 00 EU Employment Overall (Q3): 176,448.2K previous
•10: 00 EU Employment Change (QoQ) (Q3): 0.2% forecast, 0.1% previous
•10: 00 EU Employment Change (YoY) (Q3): 0.4% forecast, 0.5% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : ? ? The euro hovered near 1/1-2 year low as broad-based US dollar strength and deteriorating global risk sentiment continued to weigh on the British pound. The pair is facing renewed selling pressure amid growing expectations of further Federal Reserve tightening, with investors increasingly favouring the greenback amid uncertainty surrounding the global economic and geopolitical outlook.Investors will closely monitor Friday's US Producer Price Index (PPI) report for fresh indications of underlying inflationary pressures and their potential implications for Federal Reserve policy. Elsewhere, oil prices were headed for a second weekly decline as a continued US blockade of Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk. Immediate resistance can be seen at 1.1168(38.2%fib), an upside break can trigger rise towards 1.1868(SMA 20).On the downside, immediate support is seen at 1.1075(23.6%fib), a break below could take the pair towards 1.1052(Lower BB).
GBP/USD: The pound dipped against the US dollar on Friday as investors weighed the prospect of an outsized 50-basis-point rate hike by the Federal Reserve next month.Fed officials this week warned that US inflation remains stubbornly elevated, with some signalling openness to a 50-basis-point rate increase if price pressures fail to ease. Traders are pricing in a 14.5% chance of a large hike next month, up from 0% last week, the CME FedWatch tool showed.Investors are also keeping an eye on upheaval in technology stocks in the wake of Nvidia CEO Jensen Huang's departure, in a sector already pressured by funding and regulatory concerns. Immediate resistance can be seen at 1.3355(38.2%fib), an upside break can trigger rise towards 1.3371(SMA 20).On the downside, immediate support is seen at 1.3239(38.2%fib), a break below could take the pair towards 1.3202(Lower BB).
AUD/USD: The Australian dollar weakened on Friday as greenback continued to benefit from rising expectations of further Federal Reserve tightening, following concerns over the deteriorating US inflation outlook.Recent inflation pressures have prompted Fed officials to consider the possibility of additional interest rate increases, strengthening the US dollar and weighing on risk-sensitive currencies such as the Australian dollar. Reserve Bank of Australia board member Marnie Baker cancelled a scheduled public appearance on Thursday because of unforeseen family circumstances.Markets are now 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 0.6860(Daily high), an upside break can trigger rise towards 0.6914(38.2%fib).On the downside, immediate support is seen at 0.6789(23.6% fib), a break below could take the pair towards 0.6755(Jan 22nd low)
USD /JPY : The US dollar steadied against the Japanese yen on Friday as bets on a larger rate hike drove US yields higher, pushing the Japanese yen back near the key 160 mark that has left traders on alert for intervention.Treasury yields rose as President Donald Trump's comment that the US did not need a deal with Iran stoked worries about Middle East supply, lifting oil prices and, with them, inflation expectations. The move added to pressure from data this week showing US inflation remained a concern, leaving traders weighing the chance of a larger-than-usual Federal Reserve rate hike next month. Japanese Finance Minister Satsuki Katayama said on Friday that the government will respond appropriately to currency volatility as the yen briefly hit the key 160-per-dollar line on Thursday. 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 stocks edged lower on Friday following a volatile week marked by controversy surrounding Nvidia CEO Jensen Huang, whose resignation after revelations of alleged extramarital affairs dealt a blow to the global artificial intelligence boom that he had helped drive.
South Korea’s KOSPI was down by 0.98 % , Hang Seng was down at 1.54%, China A50 was down at 0.92%
Commodities Recap
Gold prices edged higher on Friday as investors sought bargains following a sharp sell-off that pushed bullion to a more than one-year low in the previous session.
Spot gold climbed 1.1% to $3,918.59 per ounce by 0518 GMT, but has lost 3.6% so far this week. US gold ?futures for December delivery gained 1% to $3,922.60.
Oil prices edged lower on Friday and remained on track for a second consecutive weekly decline as the continued US blockade of Iran eased concerns about an immediate escalation in Middle East hostilities.
Brent futures fell 28 cents, or 0.29%, to $95.54 a barrel at 0527 GMT. US West Texas Intermediate (WTI) futures declined by ?56 cents, or 0.63%, to $88.18 a barrel.