- Markets in Japan remain closed for Culture Day. Major currency pairs are trading within tight ranges. Investors are focusing on tomorrow’s RBA decision and today’s PMI and ISM data.
- OPEC maintained its planned production increase of +137,000 barrels per day (in line with expectations) but announced a pause in hikes for Q1 2026 due to winter oversupply concerns — an unexpected shift that supported prices early in the week.
- Fed Governor Waller voiced support for another rate cut in December, citing a weaker labor market and declining inflation despite macroeconomic uncertainty caused by the U.S. government shutdown.
- He also added that he would accept a nomination for Fed Chair.
- Trump ruled out sending Tomahawk missiles to Ukraine, hinted at “secret plans” for Venezuela, and said U.S. troops “could be deployed” in Nigeria.
- He also mentioned that he meets regularly with Nvidia’s Jensen Huang and does not intend to share Blackwell chips abroad.
- Melbourne Institute inflation rose to 3.1% y/y (remaining elevated), household spending increased +0.2% m/m (weak), building permits jumped +12%, while ANZ job ads fell −2.2% (fourth consecutive decline).
- The RBA is likely to keep rates unchanged on Tuesday.
- The manufacturing PMI for October fell from 50.7 to 49.4, signaling renewed weakness in the production sector.
- The private manufacturing PMI dropped from 51.2 to 50.6. Domestic demand remained stable, but exports weakened amid tariff-related uncertainty.
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
