Key Takeaways:
Today’s Focus: The RBA meeting minutes and Germany’s final September CPI (forecast 3.3% vs. 2.9% prior) lead the calendar, followed by the OPEC monthly report and US Existing Home Sales (forecast 3.96M vs. 3.98M). The weekly ADP Employment Change report is also worth watching, and JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo report earnings today. |
Global Market Review 13/10/2026
- Wall Street was mixed as chip stocks fell (Dow +0.38% to 51,850, S&P 500 -0.05% to 7,807, Nasdaq -0.44% to 27,245).
- The Dollar Index rose 0.33% to 102.57, while US Treasuries did not trade on the Columbus Day holiday, leaving the 2-year and 10-year yields unchanged at 4.787% and 5.238%.
- Brent rose 1.41% to $106.20, and WTI rose 2.06% to $93.74.
- Gold slipped 0.54% to $4,171.10, and Bitcoin fell 1.3% to about $82,550.
Important Economic Calendar
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 | ** |
| 20:15 | Weekly ADP Employment Change report | ** |
| 22:00 | US Existing Home Sales SEP | ** |
Key Events on October 14 (GMT+8)
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 09:30 | CN CPI & PPI SEP | ** |
| 16:30 | EU ECB President Lagarde Speech | *** |
| 20:30 | US CPI YoY SEP | *** |
Markets Analysis 13/10/2026
- Resistance: 1.1177/1.1186
- Support: 1.1147/1.1135
Analyst’s View: EUR/USD is pinned within a descending channel near 1.1170, as France’s fiscal problems offset relief from lower European bond yields. Price hovers near 1.1165, near the channel’s midline, and the recent bounce stalled below 1.1186. A break above 1.1177/1.1186 would ease pressure, while a drop to 1.1147 exposes 1.1135.
Bias: Cautiously Bearish
- Resistance: 1.3233/1.3245
- Support: 1.3196/1.3180
Analyst’s View: GBP/USD slipped back to 1.3218 after touching 1.3260 on Monday, as a firmer Dollar and higher oil prices weighed on the pair, though about 90% odds of a BoE hike on November 5 provide support. The pair trades within a descending channel from the 1.3286 high, with 1.3180–1.3196 as recent support; a break above 1.3233/1.3245 would ease pressure, while a break below 1.3196 would expose 1.3180.
Bias: Cautiously Bearish
- Resistance: 159.04/159.35
- Support: 158.02/157.71
Analyst’s View: USD/JPY is consolidating near 158.33 as a firm Dollar and elevated US yields outweigh cooler Japanese PPI (6.8% y/y vs. 7.6% forecast), easing pressure for further BoJ hikes. Price remains within a rising channel but was rejected at the 158.65 Fibonacci level; a break above 159.04/159.35 would extend the uptrend.
Bias: Mild Bullish
- Resistance: 94.45/96.77
- Support: 91.56/89.20
Analyst’s View: WTI eased to about $92.70 from Monday’s $94.40 settlement amid reports that Russia could export more diesel and talk of an energy-strike pause, though Houthi attacks and the Strait of Hormuz standoff keep supply risks elevated. Price was rejected at the descending trendline from the $106.64 high; a break above $94.45/$96.77 would challenge the downtrend, while a loss of $91.56 would expose $89.20.
Bias: Headline Driven
- Resistance: 4192/4221
- Support: 4127/4097
- Resistance: 62.01/63.07
- Support: 59.62/58.57
Analyst’s View: Gold slipped 0.54% as a firmer Dollar and higher oil lifted Fed-hike risk, though four-year-high ETF inflows and 23 months of PBoC buying underpin demand. Price was rejected at the upper line of its descending channel near $4,221 (0.618 level) and is now back around $4,163. A break above $4,192/$4,221 would challenge the channel, while a loss of $4,127 exposes $4,097. Silver is capped by its upper channel line near $61.50 at $60.19; a break above $62.01 is needed to extend toward $63.07, while a loss of $59.62 exposes $58.57.
Bias: Gold Neutral; Silver Cautiously Bearish
- Resistance: 52065/52182
- Support: 51669/51516
Analyst’s View: The Dow rose as investors await bank earnings, and it is testing the upper boundary of its rising channel near the 51,911 Fibonacci level. A break above 52065/52182 would extend the uptrend, while a loss of the 51669/51516 zone, which coincides with channel support, would signal a deeper pullback.
Bias: Bullish
- Resistance: 30725/30877
- Support: 30420/30271
Analyst’s View: Nasdaq fell 0.44% as chip stocks such as Micron, SanDisk, and Nvidia sold off amid risk reduction. NAS100 broke below the 30,573 Fibonacci level and is testing 30,420 within a descending channel. A claim of 30725/30877 would ease pressure, while a loss of 30,420 exposes 30,271 and then 30,080.
Bias: Cautiously Bearish
- Resistance: 82967/83779
- Support: 81139/80341
Analyst’s View: Bitcoin fell 1.3% as higher oil prices hurt risk appetite, and spot ETFs saw $681 million in outflows last week, their worst since late June. Price was rejected around 84,200 and is back at 82,391, above the channel support. A break above 82967/83779 would ease pressure, while a loss of $81,139 exposes $80,341.
Bias: Neutral to Cautiously Bearish
Disclaimer: This analysis is for reference only and does not constitute investment advice.
