Global markets were mixed on Wednesday as investors weighed central bank signals, macro data, and geopolitical risks. Sentiment was dampened by fears of a possible US government shutdown, and focus shifted to upcoming PCE inflation, Durable Goods Orders, jobless claims, and GDP data.
In currencies, GBP/USD slipped below 1.3500 after a brief rally, tracking US political and economic developments, while the offshore yuan weakened to 7.13 per dollar after Powell stressed the challenge of balancing inflation with a soft labor market. PBoC Governor Pan Gongsheng reaffirmed a data-driven policy stance aimed at supporting recovery and liquidity.
Commodities were steady overall. Gold held near recent highs on Fed cut expectations, silver traded around $44, and oil stayed flat as supply-demand factors and Trump–Xi talks in South Korea kept uncertainty elevated.
| Time | Cur. | Event | Forecast | Previous |
| 12:30 | USD | Durable Goods Orders (MoM) (Aug) | -0.3% | -2.8% |
| 12:30 | USD | GDP (QoQ) (Q2) | 3.3% | -0.5% |
| 12:30 | USD | Initial Jobless Claims | 233K | 231K |
| 14:00 | USD | Existing Home Sales (Aug) | 3.96M | 4.01M |
| 17:00 | USD | 7-Year Note Auction | 3.925% |
EUR/USD trades near 1.1750 in Thursday’s Asian session, rebounding slightly after a 0.5% drop the day before. The euro stays pressured after Germany’s IFO Business Climate fell to 87.7 in September from 89.0 in August, missing forecasts of 89.3. The pair holds steady as the US Dollar shows hesitation ahead of Fed officials’ comments later today. Focus now shifts to Germany’s GfK Consumer Confidence Survey and Friday’s US PCE Price Index, the Fed’s preferred inflation gauge.
Resistance is at 1.1825, with key support at 1.1725.
| R1: 1.1825 | S1: 1.1725 |
| R2: 1.1875 | S2: 1.1650 |
| R3: 1.1960 | S3: 1.1500 |
The Japanese yen strengthened in Thursday’s Asian session after the Bank of Japan released minutes from its July meeting, indicating policymakers expect further rate hikes if inflation and growth evolve as projected. The report followed last week’s hawkish dissents against maintaining current policy, reinforcing investor expectations that the BoJ will continue its normalization path.
Resistance is at 149,10 while support holds at 146.80.
| R1: 149.10 | S1: 146.80 |
| R2: 150.90 | S2: 144.20 |
| R3: 151.50 | S3: 142.30 |
Gold slipped to nearly $3,730 per ounce on Thursday, extending its pullback from record highs as markets assessed the Fed’s outlook. Chair Jerome Powell highlighted the challenge of balancing inflation with a weakening labor market, while officials were split between calling for two more cuts, preferring caution, or pushing faster easing. Meanwhile, US new-home sales surged in August to their highest since early 2022, easing slowdown fears but complicating expectations for further policy easing.
Gold faces resistance near $3770, with support around $3,690.
| R1: 3770 | S1: 3690 |
| R2: 3800 | S2: 3600 |
| R3: 3840 | S3: 3550 |
GBP/USD edged higher to around 1.3460 in Thursday’s Asian session, recovering as the US Dollar softened ahead of key data, including Q2 GDP, Durable Goods Orders, and Jobless Claims. Market focus remains on Fed commentary, with Chair Powell stressing caution and the balance between inflation and labor risks. Diverging views persist, as Mary Daly backed further cuts to support growth while Austan Goolsbee opposed multiple moves. These divisions keep traders alert, especially with tariff concerns adding pressure.
The first resistance is seen at 1.3580, with nearby support beginning at 1.3390.
| R1: 1.3580 | S1: 1.3390 |
| R2: 1.3730 | S2: 1.3270 |
| R3: 1.3780 | S3: 1.3120 |
Silver traded around $43.90 per ounce in Thursday’s Asian session, recovering from earlier losses and staying close to Tuesday’s 14-year peak of $44.47. Markets widely expect a 25-basis-point Fed cut at the October meeting, while strong industrial demand and tight supply from solar, EV, and electronics sectors continue to support prices.
The first resistance is at $44.40, and support is at $43.
| R1: 44.40 | S1: 43.00 |
| R2: 45.20 | S2: 42.50 |
| R3: 46.00 | S3: 41.80 |
Dollar Rallies on Strong Payrolls (9 – 13 November)The US dollar strengthened as better employment figures reinforced expectations for another Federal Reserve rate hike in December. October nonfarm payrolls increased by 165,000, more than double the 65,000 forecast, while unemployment declined to 4.1%. The Dollar Index advanced to 102.2, supported by resilient labor market conditions and safe-haven demand amid a global equity selloff. Concerns over AI valuations and potential regulatory changes following the US midterm elections also weighed on risk appetite.
Detail Lower Oil Prices Lift Metals (11.09.2026)Declining oil prices supported precious metals as progress in US-Iran diplomatic talks eased inflation concerns, lifting gold above $4,100 and silver past $52.
US Job Growth Hits Seven-Month HighThe US labor market showed renewed strength in October 2026, adding 165,000 jobs, the largest monthly increase in seven months. The figure comfortably exceeded economists’ expectations of 65,000 and followed an upwardly revised gain of 60,000 in September.
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