Key Takeaways:
Today’s Focus: With the US, Canada, and Japan on holiday and the US bond market closed, thin liquidity may amplify moves on any geopolitical headline. Attention then turns to Tuesday’s RBA meeting minutes and German final CPI. |
Global Market Review 12/10/2026
- Wall Street closed higher (Dow +0.83% to 51,654, S&P 500 +0.59% to 7,811, Nasdaq +0.64% to 27,366).
- The Dollar Index rose 0.12% to 102.23, with the 2-year yield up 2.9 bps to 4.787% and the 10-year up 1.1 bps to 5.238%.
- WTI rose 0.39% to $91.85 as tanker attacks persisted.
- EUR/USD rallies stalled above 1.1200, and the Pound held steady as US consumer sentiment weakened.
Important Economic Calendar
Key Events on October 12 (GMT+8)
- US, Canada & Japan Holiday – Columbus Day (Bond markets close) / Thanksgiving Day / Sports Day
Key Events on October 13 (GMT+8)
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 08:30 | AU RBA Monetary Policy Meeting Minutes | *** |
| 14:00 | DE CPI YoY Final SEP | ** |
| 20:00 | OPEC Monthly Report | ** |
| 22:00 | US Existing Home Sales SEP | ** |
Markets Analysis 12/10/2026
- Resistance: 1.1268/1.1311
- Support: 1.1173/1.1131
Analyst’s View: EUR/USD rallies keep failing above 1.1200 amid high oil prices and French debt worries, and the pair remains within a descending channel that has capped every bounce since late September. Price hovers near 1.1214, with the upper boundary rejecting the Oct 7 spike near 1.1270. A break above 1.1268/1.1311 would signal a stronger recovery, while a break below 1.1173 exposes 1.1131, then 1.1089.
Bias: Cautiously Bearish; Watch whether 1.1173 holds
- Resistance: 1.3277/1.3292
- Support: 1.3211/1.3196
Analyst’s View: GBP/USD held its ground as US consumer sentiment weakened, rebounding from the 1.3196–1.3211 support zone and reclaiming the channel midline near 1.3238. Price is now trading around 1.3246 within a sideways range between 1.3180 and 1.3311. A break above 1.3277/1.3292 would extend the rebound, while a loss of 1.3211 would expose 1.3196.
Bias: Range-Bound with Mild Upside Bias; Watch the 1.3277/1.3292 zone
- Resistance: 158.34/158.65
- Support: 157.71/157.40
Analyst’s View: USD/JPY hovers around 158.00, with the 200-day SMA supporting the bulls in thin holiday trade. The pair continues to trade within a gently rising channel. Repeated rejections near 158.34–158.45 indicate sellers defending the resistance zone, while the 157.71/157.40 area has held on every dip. A break above 158.34/158.65 could extend gains toward 159.05, while a loss of 157.40 would shift focus to 157.01.
Bias: Neutral to Mild Bullish; Watch the 158.34/158.65 zone
- Resistance: 91.79/92.74
- Support: 88.72/87.79
Analyst’s View: Persistent tanker attacks and the risk of renewed US strikes on Iran support oil, with WTI settling Friday at $91.85 (+0.39%) inside the $91.79/$92.74 resistance zone at the upper edge of its descending channel. The channel midline near $89–$90 is the near-term pivot; a sustained break above $92.74 would challenge the channel, while a loss of $88.72 exposes $87.79 and the Oct 6 low near $86.83.
Bias: Neutral; headline-driven and volatile
- Resistance: 4228/4246
- Support: 4185/4166
- Resistance: 62.08/62.50
- Support: 60.70/60.28
Analyst’s View: Gold jumped 1.45% as the bond selloff raised hopes of fewer rate hikes. It broke above the channel midline to trade near $4,204, within a rising channel from the 4,067 low. The $4228/$4246 zone, which contains the Oct 2 high, is the next barrier, while $4185/$4166 (channel support and the 0.736/0.618 retracements) must hold. Silver is climbing within its own rising channel, holding above $60.70 and needing a break above $62.08 to extend toward $62.50.
Bias: Gold Cautiously Bullish; Silver Cautiously Bullish
- Resistance: 51921/52181
- Support: 51400/51078
Analyst’s View: Dow gained 0.83% on hopes that the bond selloff may limit rate hikes, pushing it through the upper line of its rising channel from the Oct 1 low to test the 51,660 (0.5) retracement. A sustained break above 51921/52181 would strengthen the uptrend, while the 51400/51078 zone, which coincides with the channel support, must hold to keep the structure intact.
Bias: Bullish; watch whether 51400 support holds
- Resistance: 31107/31241
- Support: 30814/30682
Analyst’s View: Nasdaq rose 0.64%, but NAS100 remains within a descending channel from the Oct 6 high near 31,370 and is trading near the 30,945 (0.382) retracement. A wick toward 31,060 was rejected, so a break above 31107/31241 is needed to ease pressure, while a loss of the 30814 midline support exposes 30682 and then 30551.
Bias: Neutral to Cautiously Bullish; watch the 31107 resistance
- Resistance: 85390/86191
- Support: 82946/81939
Analyst’s View: Bitcoin is struggling near $83,000, a year after the $19 billion crypto crash, but it has rebounded from the Oct 9 low near $80,000 and is now trading above the $82,946 channel support. Price is testing the $83,761 (0.5) retracement within a descending channel from the $87,212 high. A break above $85,390/$86,191 would strengthen the recovery, while a loss of $82,946 would expose $81,939.
Bias: Neutral; watch the $82,946 support
Disclaimer: This analysis is for reference only and does not constitute investment advice.
