Market Summary - November 13, 2026
Overview
The past week has been marked by significant volatility across various markets. Key events included a notable decline in oil prices due to signs of de-escalation in tensions between the US and Iran, alongside rising yields in the US and market turmoil following the resignation of Nvidia's CEO. Looking ahead, the upcoming week will be heavily influenced by inflation readings, consumer data, and quarterly earnings reports from major companies, particularly Nvidia.
Key Markets to Watch
US100 (Nasdaq 100)
The Nasdaq 100 is set for a critical test with Nvidia's earnings report scheduled for Tuesday after market close. Following the departure of CEO Jensen Huang and the appointment of Colette Kress, investors are eager for confirmation of strong demand for AI technologies. The market will closely monitor revenue forecasts and hard data. Additionally, volatility is expected to increase due to the release of US retail sales data and earnings reports from major retailers such as Walmart, Home Depot, and Target.
GBP/USD
The British pound is currently trading near 1.32, influenced by the strength of the US dollar, despite the Bank of England's recent rate hike to 4.00%. Key economic indicators to watch next week include unemployment data on Tuesday and the Consumer Price Index (CPI) inflation report on Wednesday. Historical trends suggest that persistent service inflation may compel the BoE to adopt a more hawkish stance, which could lead to a rebound in GBP/USD, especially if US retail sales data shows weakness.
USD/JPY
The USD/JPY pair is approaching the 160 level, a threshold last seen in early September. The dollar's strength against the yen is attributed to rising yields and mixed economic data from Japan. Maintaining this exchange rate raises the risk of currency intervention from Japanese authorities, similar to actions taken in previous years. Key economic releases to watch include Japan's GDP data on Monday and CPI data on Friday, alongside important US data such as retail sales and jobless claims.
Informational only. Not investment advice.