Newsquawk Week Ahead In Focus 2nd-6th November 2026 Highlights include US Midterm Election, NFP, ISM PMIs, RBA, BoE and EZ CPI SEE DETAILED PREVIEWS

The One Word That Makes Markets Move: Failure

What is the one word that helps explain movements in the markets? Is it technicals? News? Momentum? Fundamentals? All of these influence prices. However, there is another way to look at market behavior that can help put the action into perspective

Intel, -30% on tghe day, leading the tech sell off.

BTCuSD DAILY: Breaking down?

Cryptos do not like risk off. including BTCUSD where chart is clear: If 79K (79063) breeakdown becomes resistance, then 75K (74840), a level bulls do not want to see broken, is at risk,

Market Update: Indices (Weekly CFD)

With stocks under pressure, metals and cryptos cratering, USD bouncing (EURUSD 1.1150 is again pivotal), it seems a search for liquidity or simply month end flows. Whatever the case, US500 is clinging to support above 7610 (below creates an outside week => bearish) and NAS100 trying to hold off a run at 28000. Going strictly by the weekly charts show next key levels around 7500 and 27000.

USDCAD DAILY: 61,8% HIT

USDCAD extending downside to 1.3950 (61.8% of 1..3731 => 1.4300), keeping faint hopes alive that the move down may still be treated as a retracement. With that said, risk stays on the downside while trade is below 1.40 but downside contained unles 1.3950 is taken out.

USDJPY dropped📉 toward 157.10 as the yen strengthened after the decision. The move was supported by expectations that the BoJ could raise rates again as soon as December.

Market Update: Indices (4 hour CFDs)_

Focus on equities as risk mood turns sour has seen US500 break 7665 support but damage not fatal unless 7610 is broken.

NAS100 broke its 28820 low (and a key 28755 support below it) leaving a void on charts until 27000 although 28000 is likely most important . Low so far 28674

While month end rebalancing will be a factor today, market will likely treat any bounces as retracvements unless 7700 and/or 29K are regained.

XAUUSD 4 HOUR:  Watch 4000

XAUUSD acting as a risky asset rather than a safe haven has seen a run through 3975-89 and sell stops.

Bounce off the 3965 low, which is now key support, would need, at a minimum, to recover 4000+ or risk stays on the downside, with 3940-50 lying below.

With  the non-event ECB meeting turning into an event, focus now shifts to the BoJ

BanK of Japan meeting preview

SEE DETAILED PREVIEW

Intel Shares Slammed as Revenue Miss and Guidance Overshadow EPS Beat

Intel shares fell sharply as disappointing forward guidance and a revenue miss overshadowed stronger-than-expected adjusted earnings. Third-quarter adjusted EPS came in at $0.52 versus $0.41 expected, while revenue totaled $16.5 billion, just below the $16.6 billion forecast.

Market Update: Indices

Stocks trying to contain the downside after NAS100 ran into a wall around 30K (double top) and US500 failed to reach 7800

Now dependent on NAS100 holding 29132 and/or US500 staying above 7700 (low 7692) to restore a bid and 7655 to keep the downside in check.

Next up: Focus on a slew of earnings with a key focus on Amazon.

Market Update: FX and GOLD (4 HOUR)

EURUSD trying for an outside day with brief break above 1.1170 but lagging a firmer GBPUSD (see chart)as EURGBP dips

XAUUSD clinging to support above 4000 but so far unable to benefit from a dip in US yields.

New ball game tomorrow withmonth end erratics.

US500 (SP500) 4 HOUR (CFD): 7700 again pivotal

Failure to test 7800 has seen US500 follow NAS100 lower, making it dependent on 7700 holding (tested) to contain the downside.

So far, low on this chart has been 6599. Key support below it is at 7665.

EURUSD WEEKLY: 200 week mva

No surprises from the ECB has seen stops run below 1.1113 that paused dead on at 1.1105 (200 week mva) to contain the downside. Besides a bounce off the low, price action may suggest an options  defense of 1.1100.