Key Takeaways:
Today’s Focus: U.S. Non-Farm Payrolls (SEP): Expected to slow sharply to 90K (prior: 162K), with unemployment steady at 4.1% — the key driver for Fed rate expectations. Eurozone Flash Inflation (SEP): Forecast to rise to 3.6% YoY (prior: 3.2%); a hot print would support the Euro and reinforce ECB hawkishness. |
Global Market Review 02/10/2026
- U.S. equities closed little changed as falling yields offset rising oil.
- Brent and WTI jumped over 4% and 2.7% on China’s fuel-export halt, while gold rose 0.52% and Bitcoin held near $84,000 after its best Q3 since 2017.
Important Economic Calendar
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 17:00 | EU Inflation Rate YoY Flash SEP | *** |
| 17:00 | EU Core Inflation Rate YoY Flash SEP | ** |
| 20:30 | US Non-Farm Payrolls SEP | *** |
| 20:30 | US Unemployment Rate SEP | ** |
| 20:30 | US Average Hourly Earnings MoM SEP | ** |
Key Data and Events – Coming Week (October 5–9, GMT+8)
Monday: China Holiday; AU, JP, DE, EU, UK & US Services & Composite PMI Final SEP; EU Sentix OCT; EU PPI AUG; US ISM Services PMI SEP.
Tuesday: China Holiday; EU Retail Sales AUG; US Trade Balance AUG.
Wednesday: China Holiday; US API Crude Stock Change; DE Industrial Production AUG; EIA Crude Stocks.
Thursday: US FOMC Minutes; DE Trade Balance AUG; US Initial Jobless Claims.
Friday: CA Employment & Unemployment Rate SEP; US Michigan Consumer Sentiment Prel OCT.
Markets Analysis 02/10/2026
- Resistance: 1.1313/1.1355
- Support: 1.1176/1.1134
Analyst’s View: EUR/USD sits in a falling channel at its lowest since May 2025 on France’s budget woes and Dollar strength; a break below 1.1176 opens 1.1134, while 1.1355 caps recovery.
Bias: Under Pressure
- Resistance: 1.3274/1.3334
- Support: 1.3118/1.3072
Analyst’s View: GBP/USD is sliding toward late-June lows as UK yields spike; a break below 1.3118 targets 1.3072, with 1.3274 capping upside.
Bias: Under Pressure
- Resistance: 158.66/159.05
- Support: 157.72/157.41
Analyst’s View: USD/JPY climbs in an ascending channel as the wide U.S.–Japan yield gap outweighs verbal intervention warnings; a push through 158.66 targets 159.05, with 157.41 as key support.
Bias: Short-term Bullish
- Resistance: 95.64/97.77
- Support: 91.44/88.78
Analyst’s View: WTI extended its rebound after China halted fuel exports and is testing its resistance near $95.64; a break higher targets $97.77, with support at $91.44.
Bias: Bullish Momentum Building
Spot Gold & Spot Silver
Spot Gold Resistance: 4193/4228
Spot Gold Support: 4113/4086
Spot Silver Resistance: 62.29/63.06
Spot Silver Support: 59.66/59.04
Analyst’s View: Gold consolidates below resistance near $4,193, with a break-higher opening at $4,228; silver mirrors the pattern, capped below $62.29 with support at $59.66.
Bias: Tentative Rebound
- Resistance: 51194/51564
- Support: 50811/50332
Analyst’s View: Dow consolidates in a descending channel near support; a break above 51194 would confirm a reversal, while a slip below 50811 risks 50332.
Bias: Range-Bound
- Resistance: 30697/30805
- Support: 30442/30356
Analyst’s View: The Nasdaq tests the top of its ascending channel near 30697/30805; a breakout would target fresh highs, with support near 30442 on a pullback.
Bias: Resilient
- Resistance: 85946/87392
- Support: 82630/81159
Analyst’s View: Bitcoin consolidates near $84,000, holding above $82,630 support even as high yields cap gains; a break above $85,946 reopens $87,392.
Bias: Under Pressure
Disclaimer: This analysis is for reference only. Happy trading!
