'/%3E%3C/svg%3E){kind=small}
'/%3E%3Cpath%20fill='%23b2b2b2'%20d='M241%20382q0%2016%2017%2026%2017%2011%2042%2011t42-11q16-11%2017-26V269H241'/%3E%3Cpath%20fill='%239f7e00'%20d='M241%20379q0%2014%208%2023%209%209%2021%209%2014%200%2021-9%209-9%209-23V269h-59'/%3E%3Cpath%20d='M241%20339v-70h59v110q0%2014-9%2023l-6%205v-68h-15v72q-8%200-14-4v-68zm59%2040c0%2022%2015%2032%2029%2032%2021%200%2030-18%2030-32v-40h-59'/%3E%3Cpath%20fill='%239f7e00'%20d='M266%20277v5h2v12h-3v-5h2v-5h-9v5h2v5h-4v9h3v18h-5v10h34v-10h-5v-18h3v-9h-4v-5h2v-5h-9v5h2v5h-3v-12h2v-5zm42%20101q0%2010%206%2017%206%206%2015%207%2010-1%2016-7%206-7%206-17v-29h-43'/%3E%3Ccircle%20fill='%230044ad'%20cx='329.5'%20cy='372'%20r='6'/%3E%3Cellipse%20fill='%230044ad'%20cx='300'%20cy='340'%20rx='16'%20ry='21'/%3E%3C/svg%3E){kind=small}
'/%3E%3C/g%3E%3Cuse%20href='%23c'%20transform='matrix(-1%200%200%201%20720%200)'/%3E%3C/svg%3E){kind=small}
Date: 13.11.2026
Market Sentiment
Friday’s markets face a difficult combination of technology uncertainty and rising borrowing costs. Nvidia’s leadership transition continues to unsettle the AI supply chain, although Thursday’s broad U.S. equity losses were relatively contained. The dollar remains near a 19-month high as Treasury yields climb and investors consider whether December’s Federal Reserve increase could exceed a quarter point. Today’s U.S. producer-price report is the next major test. Oil adds another inflation risk: prices remain vulnerable to diplomatic headlines and shipping disruption, making the recent weekly decline an unreliable signal of lasting supply relief.
Previous Session Recap
Thursday’s S&P 500 lost 0.35%, the Dow declined 0.36%, and the Nasdaq Composite slipped 0.39%. Small caps underperformed, with the Russell 2000 down 1.66%. Germany’s DAX gained 0.41% after reaching a record high. U.S. natural gas futures settled 3.9% higher.
Top Overnight Global Forex Headlines
- Japan renewed warnings about currency volatility as USD/JPY hovered near 160, keeping intervention risk elevated.
- New York Fed President Williams indicated that further rate increases are likely.
- Oil faces competing pressures from rising U.S. inventories and persistent threats to Gulf shipping.
- Gold recovered modestly after Thursday’s selloff but remained on course for a substantial weekly loss.
Forex Focus of the Day
EUR/USD is the clearest test of policy divergence. Eurozone GDP and employment arrive before U.S. PPI, where consensus expects monthly increases of 0.4% headline and 0.3% core. Stronger inflation could sustain dollar demand; a softer reading needs a confirmed euro recovery above 1.1070 to change immediate momentum.
Key Economic Events
| Time (GMT) | Event | Currency | Impact |
|---|---|---|---|
| 07:30 GMT | Swiss producer prices, released | CHF | Medium |
| 10:00 GMT | Eurozone GDP and employment | EUR | High |
| 13:30 GMT | U.S. headline and core PPI | USD | High |
| 13:30 GMT | Canadian manufacturing sales | CAD | Medium |
| 15:30 GMT | EIA natural gas storage | USD | Medium |
| 15:50 GMT | Fed Governor Bowman speaks | USD | Medium |
Major Forex Currency Outlooks
Prices are indicative same-day spot references from separate morning snapshots.
| Pair | Price | Bias | Main Driver |
|---|---|---|---|
| EUR/USD | 1.1049 | Soft | GDP meets U.S. inflation risk |
| GBP/USD | 1.3237 | Soft | Dollar strength offsets growth resilience |
| USD/JPY | 159.88 | Firm, fragile | Yield advantage; intervention danger |
| USD/CHF | 0.8350 | Firm | Fed expectations; Swiss inflation data |
| USD/CAD | 1.4257 | Neutral | Oil uncertainty and manufacturing sales |
| AUD/USD | 0.6813 | Soft | Rate divergence and AI uncertainty |
| EUR/JPY | 176.84 | Neutral | Eurozone GDP; Tokyo intervention risk |
| CAD/JPY | 112.15 | Neutral | Oil supply headlines; yen sensitivity |
Energy & Commodities Watch
Energy prices reference December WTI, January Brent, and December Henry Hub futures, per barrel or MMBtu. Metals are spot dollars per troy ounce.
| Instrument | Price | Bias | Main Driver |
|---|---|---|---|
| USOIL, WTI Crude Oil | $88.59 | Volatile | Inventory growth versus shipping threats |
| UKOIL, Brent Crude Oil | $96.04 | Volatile | Blockade strategy and supply risk |
| NGAS, Natural Gas | $3.302 | Pullback | Storage test after weather-driven rally |
| Gold | $3,898.27 | Cautious rebound | Bargain hunting versus higher yields |
| Silver | $50.05 | Fragile rebound | PPI and monetary-policy sensitivity |
Indices & Large-Cap Stocks Watch
U.S. equities remain central: modest index losses masked Nvidia’s leadership shock. Applied Materials reported 53% quarterly revenue growth, offering a sector counterpoint. Germany’s earnings-supported strength contrasts with weaker futures today. Taiwan rebounded while South Korea and Hong Kong weakened. Table prices and zones use Thursday’s cash benchmarks, independently of broker CFD quotes.
| Instrument | Price | Bias | Main Driver |
|---|---|---|---|
| USA500 (S&P 500 cash) | 7,592.40 | Cautious | Nvidia uncertainty and rising yields |
| GER40 (DAX cash) | 26,771.88 | Consolidating | Earnings strength; GDP and PPI tests |
Key Market Technical Zones
Rounded zones reflect recent ranges and psychological thresholds.
| Instrument | Support | Resistance | Key Condition |
|---|---|---|---|
| EUR/USD | 1.1040 | 1.1070 | Breakdown confirms dollar strength |
| GBP/USD | 1.3220 | 1.3250 | Recovery requires resistance reclaim |
| USD/JPY | 159.50 | 160.00 | Intervention threatens breakout |
| USD/CHF | 0.8340 | 0.8365 | Support sustains upward pressure |
| USD/CAD | 1.4250 | 1.4270 | Range break sets direction |
| AUD/USD | 0.6800 | 0.6820 | Support loss renews weakness |
| EUR/JPY | 176.60 | 177.00 | GDP may resolve range |
| CAD/JPY | 112.00 | 112.25 | Oil headlines threaten range |
| USOIL, WTI Crude Oil | 86.20 | 90.20 | Breakout strengthens supply premium |
| UKOIL, Brent Crude Oil | 94.50 | 97.00 | Support loss weakens recovery |
| NGAS, Natural Gas | 3.29 | 3.37 | Storage can trigger breakout |
| Gold | 3,865 | 3,920 | Resistance reclaim strengthens rebound |
| Silver | 49.65 | 50.50 | Resistance reclaim improves momentum |
| USA500 (S&P 500 cash) | 7,550 | 7,650 | Support break confirms deterioration |
| GER40 (DAX cash) | 26,670 | 27,000 | Breakout restores record challenge |
Trader’s Takeaway
The dominant risk is another inflation-driven yield surge. PPI at 13:30 GMT tests dollar strength and equity resilience. EUR/USD below 1.1040 and S&P 500 cash below 7,550 would confirm deterioration; sustained recoveries require resistance breaks.
About LMFX
LMFX is a trusted global brokerage providing access to Forex, commodities, indices, and precious metals. Known for its fast execution and competitive spreads, LMFX offers the MT4 trading platform, flexible account types, and a variety of funding options. With dedicated customer support and a focus on transparency and reliability, LMFX serves traders at all experience levels worldwide.
Disclaimer
This content is for informational and educational purposes only and does not constitute financial advice or investment recommendation. Trading leveraged products such as Forex and CFDs involves risk and may not be suitable for all traders. Past performance does not guarantee future results. Seek independent advice if necessary. Please read LMFX’s full ‘Risk Disclosure Statement’. Always trade responsibly.
