Market Roundup
• Italian Car Registration (MoM) (Oct) -0.7%, 88.4% previous
• Italian Car Registration (YoY) (Oct) -0.5%, 4.2% previous
• German Car Registration (MoM) (Oct) 6.2%, 13.7% previous
• German Car Registration (YoY) (Oct)7.8%, 12.8% previous
• French Car Registration (MoM) (Oct) -0.6%, 59.8% previous
•German GDP (QoQ) (Q3) 0.0%, 0.0% forecast,-0.2% previous
•German GDP (YoY) (Q3) 0.3%,0.3% forecast,0.3% previous
Looking Ahead Economic Data (GMT)
• 13:30 US Core PPI (MoM) (Sep): 0.2% forecast, -0.1% previous.
• 13:30 US Core PPI (YoY) (Sep): 2.7% forecast, 2.8% previous.
• 13:30 US Core Retail Sales (MoM) (Sep): 0.3% forecast, 0.7% previous.
• 13:30 US PPI (YoY) (Sep): 2.7% forecast, 2.6% previous.
• 13:30 US PPI (MoM) (Sep): 0.3% forecast, -0.1% previous.
• 13:30 US PPI ex. Food/Energy/Transport (YoY) (Sep): 2.7% forecast, 2.8% previous.
• 13:30 US PPI ex. Food/Energy/Transport (MoM) (Sep): 0.2% forecast, 0.3% previous.
• 13:30 US Retail Control (MoM) (Sep): 0.3% forecast, 0.7% previous.
• 13:30 US Retail Sales (MoM) (Sep): 0.4% forecast, 0.6% previous.
• 13:30 US Retail Sales (YoY) (Sep): 5.0% previous.
• 13:30 US Retail Sales Ex Gas/Autos (MoM) (Sep): 0.4% forecast, 0.7% previous.
• 13:30 Canada Corporate Profits (QoQ): -1.7% previous.
• 13:30 Canada Wholesale Sales (MoM) (Oct): 0.6% previous.
•14:00US House Price Index (MoM) (Sep) 0.4% previous.
•14:00 US House Price Index (YoY) (Sep) 2.3% previous.
•14:00 US House Price Index (Sep) 435.3 previous.
•14:00 US S&P/CS HPI Composite - 20 s.a. (MoM) (Sep) 0.2% previous.
•14:00 US S&P/CS HPI Composite - 20 n.s.a. (YoY) (Sep) 1.4% forecast, 1.6% previous.
•14:00 US S&P/CS HPI Composite - 20 n.s.a. (MoM) (Sep) -0.6% previous.
•14:15 US Capacity Utilization Rate (Sep) 77.3% forecast, 77.4% previous.
•14:15 US Industrial Production (YoY) (Sep) 0.87% previous.
•14:15 US Industrial Production (MoM) (Oct) 0.1% previous.
•15:00 US Business Inventories (MoM) (Aug) 0.0% forecast, 0.2% previous.
•15:00 US CB Consumer Confidence (Nov) 93.5 forecast, 94.6 previous.
•15:00 US Pending Home Sales (MoM) (Oct) 0.5% forecast, 0.0% previous.
•15:00 US Pending Home Sales Index (Oct) 74.8 previous.
•15:00 US Retail Inventories Ex Auto (Aug) 0.3% forecast, 0.1% previous.
•15:00 US Richmond Manufacturing Index (Nov) -5 forecast, -4 previous.
•15:00 US Richmond Manufacturing Shipments (Nov) 4 previous.
•15:00 US Richmond Services Index (Nov) 4 previous.
•15:30 US Dallas Fed Services Revenues (Nov) -6.4 previous.
•15:30 US Texas Services Sector Outlook (Nov) -9.4 previous.
Looking Ahead Events And Other Releases(GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro edged lower against the dollar on Tuesday as investors awaited key U.S. economic data releases.investors will monitor delayed U.S. data releases on retail sales, producer price inflation and consumer confidence, though analysts suggest these figures may not alter expectations regarding the Fed's decision.Markets are now pricing in about a 73% chance of a quarter-point cut in December, according to CME's FedWatch Tool, up from less than 50% just one week ago. Meanwhile The German economy stagnated in the third quarter of 2025 compared with the previous quarter, the statistics office said on Tuesday, confirming its preliminary reading. The euro was up 0.1% at $1.1528.Immediate resistance can be seen at 1.1530(SMA 20), an upside break can trigger rise towards 1.1568(38.2%fib).On the downside, immediate support is seen at 1.1474(23.6%fib), a break below could take the pair towards 1.1451(Lower BB).
GBP/USD: Sterling headed for a fourth daily rise on Tuesday as investors awaited Britain's upcoming budget announcement. Chancellor Rachel Reeves will present her second annual budget on Wednesday, where she is expected to unveil another round of significant tax increases moves that will test the confidence of the governing Labour Party and draw close scrutiny from a wary bond market. Reeves has faced a difficult first 18 months managing the world’s sixth-largest economy. The former Bank of England economist and the first woman to serve as Chancellor has built her political brand around restoring stability after years of turmoil in British politics. However, weeks of mixed signals from both her and Prime Minister Keir Starmer regarding tax policy have strained trust among investors and voters alike, putting her credibility and potentially Stammer’s political standing under pressure. Immediate resistance can be seen at 1.3125(38.2%fib), an upside break can trigger rise towards 1.3139(SMA 20).On the downside, immediate support is seen at 1.3000(Psychological level), a break below could take the pair towards 1.2974(Lower BB).
AUD/USD: The Australian dollar inched higher on Tuesday as investors awaited Australia’s upcoming CPI data for fresh direction. Traders are awaiting Australia’s first “complete” monthly CPI report for October, due Wednesday, to gain clearer guidance on the Reserve Bank of Australia’s (RBA) policy outlook. The data will offer a more comprehensive picture of inflation pressures especially in key categories such as housing and market-based services. Interest-rate swaps show almost no expectation of an RBA rate cut before May next year, with only around a 50% probability priced in for that meeting. The Aussie was last trading up at 0.14% at $0.6466. Immediate resistance can be seen at 0.6514(50%fib), an upside break can trigger rise towards 0.6523 (Higher BB).On the downside, immediate support is seen at 0.6424(38.2%fib), a break below could take the pair towards 0.6447(Lower BB)
USD/JPY: The U.S. dollar edged lower on Tuesday as Japanese yen strengthened on growing intervention fears.Japan’s Finance Minister Satsuki Katayama on Friday gave her most forceful statement to date, warning that the government could step in if markets show excessive volatility or disorderly behavior.Takuji Aida, who sits on an influential government panel, noted Sunday that Japan could intervene decisively in currency markets to cushion the economy from the impact of a weaker JPY.The yen has been struggling due to Japan’s low interest rates and loose fiscal policies, but it firmed slightly from 10-month lows after Finance Minister Satsuki Katayama escalated verbal intervention threats. Immediate resistance can be seen at 157.66(23.6%fib) an upside break can trigger rise towards 158.00 (Psychological level) .On the downside, immediate support is seen at 156.19(Daily low) a break below could take the pair towards 155.34 (38.2%fib)
Equities Recap
European stocks were little changed on Tuesday, pressured by sluggish regional growth, even as investors kept a close eye on developments surrounding a potential Federal Reserve rate cut next month.
At (GMT 13:20),UK's benchmark FTSE 100 was last trading up at 0.42 percent, Germany's Dax was up by 0.46 percent, France’s CAC was last up by 0.68 percent.
Commodities Recap
Gold prices edged lower on Tuesday, pulling back from a more than one-week high as a firm U.S. dollar weighed on the metal.
Spot gold dipped 0.2% to $4,130.51 per ounce by 1140 GMT, after surging more than 2% in the previous session. Prices earlier in the day hit their highest level since November 14.
Oil prices eased on Tuesday as oversupply concerns outweighed worries that Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive.
Brent futures were down 33 cents, or 0.5%, at $63.04 a barrel by 1146 GMT. West Texas Intermediate (WTI) crude declined 32 cents, or 0.5%, to $58.52.
