Market Analysis
The AUD weakened after cautious RBA Minutes signaled no near-term tightening. Gold slipped below $4,050 on USD strength, while AUD/USD and NZD/USD extended losses amid hawkish Fed signals. Yen softened despite Japan’s ¥17T stimulus, and GBP/JPY climbed to multi-week highs. Market sentiment stays defensive ahead of key data.
By IC Markets
What happened in the Asia session?
The Asia session on November 17 saw mixed activity in regional equity indexes, commodity prices, and currency pairs driven by Japan’s weaker GDP, sectoral pressures, and cautious investor sentiment ahead of major U.S., European, and regional data releases. Tourism and retail stocks in Japan were especially impacted, while the Kospi showed relative strength, and oil prices weakened. The yen held steady after the GDP release, and Indian markets opened firm amid strong domestic flows.
What does it mean for the Europe & US sessions?
Today’s trading sessions are characterized by significant uncertainty stemming from delayed U.S. economic data, shifting Fed rate cut expectations (now at 50% for December), and anticipation of critical corporate earnings. Canadian inflation data (1:30 PM GMT) represents the day’s key macroeconomic release, while Japan’s confirmed GDP contraction highlights global growth concerns. Bitcoin’s 25% pullback from October highs reflects broader risk-off sentiment, while oil prices remain under pressure despite geopolitical tensions.
The Dollar Index (DXY)
Key news events today
Empire State Manufacturing Index (1:35 pm GMT)
FOMC member Waller speaks (8:30 pm GMT)
What can we expect from DXY today?
The US dollar is navigating a complex environment marked by diminished Federal Reserve rate-cut expectations, lingering economic uncertainty from the historic government shutdown, and a critical week of data releases ahead. With the DXY testing key support around 99.00 and December Fed rate cut odds falling below 50%, the dollar’s near-term trajectory hinges on forthcoming economic indicators that will finally shed light on the US economy’s true condition.
Central Bank Notes:
- The Federal Open Market Committee (FOMC) voted, by majority, to lower the federal funds rate target range by 25 basis points to 3.75% — 4.00% at its October 28–29, 2025, meeting, marking the second consecutive cut following the 25 basis points reduction in September.
- The Committee maintained its long-term objectives of maximum employment and 2% inflation, noting that the labor market continues to soften, with modest job creation and an unemployment rate edging higher. In comparison, inflation remains above target at around 3.0%.
- Policymakers highlighted ongoing downside risks to economic growth, tempered by signs of resilient economic activity. September’s consumer price index (CPI) came in slightly below expectations at 3.0% year-over-year, easing inflationary pressure but still warranting vigilance amid tariff-driven price effects.
- Economic activity expanded modestly in the third quarter, with GDP growth estimates around 1.0% annualized; however, uncertainty remains elevated amid persistent global trade tensions and the U.S. government shutdown, which is impacting data availability.
- The updated Summary of Economic Projections reflects an anticipated unemployment rate averaging approximately 4.5% for 2025, with headline and core personal consumption expenditures (PCE) inflation projections holding near 3.0%, indicating a slow easing path ahead.
- The Committee emphasized its flexible, data-dependent approach and underscored that future policy adjustments will be guided by incoming labor market and inflation data. As in prior meetings, there was dissent, including one member advocating a more aggressive 50-basis-point cut.
- The FOMC announced the planned conclusion of its balance sheet reduction (quantitative tightening) program, intending to cease runoff in the near term to maintain market stability, with Treasury redemption caps held steady at $5 billion per month and agency mortgage-backed securities caps at $35 billion.
- The next meeting is scheduled for 9 to 10 December 2025.
Next 24 Hours Bias
Weak Bearish
Gold (XAU)
Key news events today
Empire State Manufacturing Index (1:30 pm GMT)
FOMC Member Waller Speaks (8:35 pm GMT)
What can we expect from Gold today?
Gold stabilized near $4,100 on November 17 after two days of losses driven by collapsing expectations for a December Fed rate cut, now viewed as essentially a coin toss at 44-50% probability. The metal remains up 55-57% year-to-date despite retreating from October’s record high above $4,380.
The recently concluded 43-day U.S. government shutdown created significant volatility, initially boosting gold above $4,240 on safe-haven demand before triggering profit-taking on resolution. Delayed economic data and hawkish Fed commentary have introduced genuine uncertainty for the December 10 FOMC meeting.
Next 24 Hours Bias
Weak Bullish
The Euro (EUR)
Key news events today
No major news event
What can we expect from EUR today?
The euro opened Monday’s trading session on a firm footing at 1.1621, supported by a combination of US dollar weakness, stable ECB policy, and resilient eurozone services sector performance. While the ECB maintains its “good place” with rates on hold and only a 40% chance of cuts by September 2026, the Federal Reserve faces growing pressure to ease further, with December rate cut odds now a coin toss at approximately 50%.
Central Bank Notes:
- The Governing Council of the ECB kept the three key interest rates unchanged at its 30 October 2025 meeting. The main refinancing rate remains at 2.15%, the marginal lending facility at 2.40%, and the deposit facility at 2.00%. This decision reflects policymakers’ assessment that the current monetary stance remains consistent with medium-term price stability, while incoming data confirm a gradual return of inflation towards the target.
- Recent indicators point to stable price dynamics. Headline inflation remains near the 2% mark, with energy prices contained and food inflation easing slightly after earlier supply bottlenecks. Wage growth continues to moderate, contributing to the slowdown in domestic cost pressures. The ECB reiterated its commitment to a data-driven, meeting-by-meeting approach and emphasized flexibility amid uncertain global financial conditions.
- Eurosystem staff projections have not been materially altered since September. Headline inflation averages remain at 2.0% for 2025, 1.8% for 2026, and 2.0% for 2027. Recent softening in producer prices and subdued pipeline pressures suggest limited upside risks to inflation, though geopolitical tensions and potential commodity shocks continue to pose uncertainties to the outlook.
- Euro area GDP growth remains on track with earlier forecasts, projected at 1.1% for 2025, 1.1% for 2026, and 1.4% for 2027. Forward-looking indicators, including PMIs and industrial sentiment surveys, signal some stabilization in activity following weakness in the third quarter. Public investment and recovering export activity are expected to offset softer private sector demand in the near term.
- The labor market remains resilient, with unemployment rates at multi-decade lows and participation rates strong. Real income growth continues to support household spending, even as consumption growth normalizes from earlier highs. Financing conditions remain favorable, aided by stable banking sector liquidity and improved credit demand among small and medium-sized firms.
- Business sentiment remains mixed, reflecting lingering uncertainty over global trade policy and the path of US tariffs. However, easing supply chain costs and improved export competitiveness due to softer exchange rates are providing some relief to manufacturing and external-oriented sectors.
- The Governing Council reaffirmed that future decisions will depend on an integrated assessment of incoming data—covering inflation trends, financial conditions, and the state of policy transmission. The Council emphasized that no pre-set path for rates exists; keeping all options open should the economic outlook shift markedly.
- Balance sheet reduction continues smoothly, with holdings under the APP and PEPP declining as reinvestments have ceased. The ECB confirmed that the pace of portfolio runoff remains in line with its previously communicated normalization plan, supporting a gradual withdrawal of monetary accommodation in a predictable manner.
- The next meeting is on 17 to 18 December 2025
Next 24 Hours Bias
Weak Bearish
The Swiss Franc (CHF)
Key news events today
No major news event
What can we expect from CHF today?
The Swiss Franc enters the week at multi-year highs, supported by three key pillars: the confirmed US tariff reduction from 39% to 15%, ongoing safe-haven demand driven by global uncertainty, and SNB policy stability at 0% with negative rates ruled out. The USD/CHF pair is trading near 0.79, its strongest level since 2011, while EUR/CHF has reached levels not seen since 2015. With Switzerland’s Q3 GDP flash estimate due today and the December 11 SNB meeting on the horizon, the franc’s trajectory will depend on economic data releases and any shifts in the SNB’s confident inflation outlook.
Central Bank Notes:
- The SNB maintained its key policy rate at 0% during its meeting on 25 September 2025, pausing a sequence of six consecutive rate cuts as inflation stabilized and the Swiss franc remained firm.
- Recent data showed a modest rebound in inflation, with Swiss consumer prices rising 0.2% year-on-year in August after staying above zero for three consecutive months; this helped alleviate fears of deflation that were mounting earlier in the year.
- The conditional inflation forecast remains broadly unchanged from June: headline inflation is expected to average 0.2% in 2025, 0.5% in 2026, and 0.7% in 2027. The risk of a negative rate move has diminished for now, but the SNB retains flexibility should inflationary pressures weaken again.
- The global economic outlook has deteriorated further, weighed down by heightened trade tensions—especially with the U.S.—and ongoing uncertainty in key Swiss export markets.
- Swiss GDP growth moderated in Q2 after a strong Q1 boosted by front-loaded U.S. exports. The SNB expects growth to slow and remain subdued, with forecasted GDP expansion between 1% and 1.5% in both 2025 and 2026.
- Labor market sentiment in the Swiss industrial sector has softened on concerns over export competitiveness and potential adjustments to production, but the overall growth outlook stays broadly unchanged
- The SNB reiterated its readiness to respond as needed if deflation risks re-emerge, emphasizing its commitment to medium-term price stability and a robust, transparent communication policy, with the introduction of more detailed monetary policy minutes beginning in October.
- The next meeting is on 11 December 2025.
Next 24 Hours Bias
Medium Bullish
The Pound (GBP)
Key news events today
No major news event
What can we expect from GBP today?
The British Pound faces significant headwinds as Monday’s Asian session begins. The government’s fiscal U-turn has raised questions about the UK’s fiscal credibility, while persistently weak economic data has cemented expectations for a December rate cut. With markets pricing in a 75-80% probability of a 25 basis point cut on 18 December, and technical indicators pointing to further downside risk, Sterling is likely to remain under pressure unless upcoming data surprises to the upside or Catherine Mann’s comments signal resistance to near-term easing. Traders should watch the 1.3150-1.3185 support zone closely, as a break below could accelerate losses toward 1.2875 or lower.
Central Bank Notes:
- The Bank of England’s Monetary Policy Committee (MPC) met on 6 November 2025 and voted by a majority of 7–2 to keep the Bank Rate unchanged at 4.00 percent for a second consecutive meeting. The decision reflects the Committee’s cautious approach as inflation remains above target, but underlying economic momentum continues to weaken. Two members maintained their votes for a 25-basis-point cut, citing further signs of labor-market softening and weak business sentiment.
- The BOE adjusted its guidance on quantitative tightening (QT), maintaining the reduced pace established in September. The planned reduction of UK government bond holdings remains at £67.5 billion over the next 12 months, leaving the current gilt balance near £550 billion. Policymakers described the recalibrated QT path as “appropriate for current market conditions,” emphasizing the importance of liquidity management amid heightened volatility.
- Headline inflation moderated slightly to 3.6 percent in October from 3.8 percent previously, driven by easing food and transport prices. However, core inflation has shown only gradual progress, holding near 3.9 percent. The MPC noted that services inflation and administered energy costs continue to exert pressure, highlighting the challenge of achieving the 2 percent target sustainably. The Committee’s latest projections see inflation falling toward 3 percent by mid-2026, with further downside expected if energy and wage dynamics continue to normalize.
- Economic activity remains subdued. Estimates place Q3 GDP growth close to zero, with both business output and consumer spending restrained. The unemployment rate has edged up to 4.8 percent, while pay growth cooled to just under 5 percent year-on-year. MPC members acknowledged that pay settlements are weakening further, signaling an easing in labor cost pressures as demand softens. Surveys from the manufacturing and services sectors suggest muted hiring intentions through year-end.
- International factors continue to complicate the policy outlook. Fluctuating oil prices—partly linked to renewed Middle East tensions—alongside fragile global demand have contributed to higher market volatility. The MPC reiterated that external shocks, including global food and energy disruptions, could temporarily slow the disinflation path but remain unlikely to derail the medium-term moderation in prices.
- The Committee assessed risks around inflation as balanced. Downside risks arise from sluggish domestic growth and declining real income momentum, while upside risks remain tied to elevated inflation expectations and stubborn services inflation. Policymakers emphasized the need for patience, maintaining that any rate cuts ahead of clear inflation progress could undermine confidence in policy credibility.
- The MPC’s overall stance remains restrictive but increasingly balanced, with future moves expected to follow a cautious, data-driven trajectory. The Committee reaffirmed that monetary policy will stay tight until there is compelling evidence that inflation is returning to the 2 percent target on a durable basis.
- The next meeting is on 18 December 2025.
Next 24 Hours Bias
Medium Bearish
The Canadian Dollar (CAD)
Key news events today
CPI m/m (1:30 pm GMT)
Median CPI y/y (1:30 pm GMT)
Trimmed CPI y/y (1:30 pm GMT)
Common CPI y/y (1:30 pm GMT)
What can we expect from CAD today?
Today marks a pivotal moment for Canadian Dollar traders with the October CPI release. Inflation data coming in line with expectations would likely reinforce the market consensus that the Bank of Canada has paused rate cuts, providing technical support for the loonie around current levels near 1.40. However, the broader outlook remains subdued with rate differentials and trade uncertainty weighing on medium-term CAD performance. The market will closely watch both the headline and core inflation figures alongside any forward guidance cues for the December 10 BoC decision.
Central Bank Notes:
- The Council noted that U.S. tariff tensions have eased slightly following early progress in bilateral discussions, though the external trade environment remains fragile. Businesses continue to hold back on long-term investment, with the Bank highlighting that sustained clarity on U.S. trade policy is needed to restore confidence.
- The Bank acknowledged that uncertainty persists despite the softer U.S. tone, as incoming data show limited improvement in export orders. The manufacturing sector has stabilized but remains below pre-2024 output levels, reflecting weak global demand and cautious corporate spending.
- Canada’s economy showed tentative signs of recovery in early Q4, with GDP estimated to expand by 0.3% in October after two quarters of contraction. Mining and energy activity strengthened modestly, aided by steady crude demand, while goods exports posted a fractional gain.
- Service sector growth remained uneven, supported mainly by tourism-related and technology services. However, retail spending and household consumption were subdued, constrained by slower job creation and lingering consumer caution. The Bank judged overall momentum as fragile but improving marginally.
- Housing activity showed modest reacceleration in major urban markets as mortgage rates stabilized near record lows. Nonetheless, affordability pressures and stricter lending standards continue to cap overall resale volumes, leading to only a gradual recovery in the housing sector.
- Headline CPI inflation rose to 2.1% in October, reaching the Bank’s target for the first time in six months. Higher energy prices and a modest uptick in food and shelter costs drove the increase. Core inflation measures remained stable, suggesting underlying price pressures are contained.
- The Governing Council reiterated its data-dependent stance, indicating that the current policy rate remains appropriate amid tentative growth and balanced inflation risks. Officials noted that while additional stimulus is not ruled out, the emphasis has shifted toward monitoring the sustainability of the recovery rather than immediate rate adjustments.
- The next meeting is on 17 to 18 December 2025.
Next 24 Hours Bias
WeaK Bullish
Oil
Key news events today
No major news event
What can we expect from Oil today?
Oil prices declined on Monday, November 17, as Russian export operations resumed at Novorossiysk following Ukrainian strikes. The market faces significant bearish pressure from a growing supply glut, with the IEA warning of surpluses reaching 4 million bpd in 2026. Despite geopolitical risks from intensifying Ukrainian attacks on Russian energy infrastructure, US sanctions on Rosneft and Lukoil taking effect on November 21, and Iran’s tanker seizure in the Strait of Hormuz, these supply risks have proven insufficient to offset fundamental oversupply concerns.
Next 24 Hours Bias
Weak BearishBy FP Markets
Markets welcome what could be a pivotal week, as they grapple with the aftermath of the prolonged US government shutdown. The week’s highlights will include the delayed September US jobs report on Thursday, UK inflation numbers, and S&P Global PMI data.
The US Dollar strengthened as fading global rate-cut expectations boosted demand for safety and yield. Risk currencies like NZD, GBP, and EUR fell, while USD pairs firmed on resilient US data and cautious central bank outlooks. Mixed signals from China and weak UK/EU data kept sentiment soft, keeping USD in the driver’s seat.
Asian markets improved after the PBoC delivered a firmer yuan fixing, boosting risk appetite and lifting AUD and NZD. The USD eased slightly, helping major pairs stabilize. China-driven sentiment supported regional FX, while JPY remained weak and EUR held steady, with traders awaiting upcoming US data for direction.
Global markets rallied as Fed rate-cut hopes boosted metals, with Gold nearing $4,200 and Silver hitting a four-week high. Softer U.S. yields and a weaker dollar lifted sentiment, while the Aussie eased after mixed jobs data. The Pound steadied ahead of UK GDP, and China maintained yuan stability, signaling calm across major markets.
Global markets edged higher as optimism over a U.S. government reopening lifted risk sentiment. Oil steadied above $60, supported by improving demand, while Gold and the Yen softened amid reduced safe-haven demand. The USD gained modestly, with traders eyeing upcoming U.S. CPI and Fed commentary for fresh policy cues.
Global markets steadied as optimism grew over a potential U.S. government shutdown resolution. The USD gained modestly, boosting commodity-linked currencies while Gold and Silver extended gains on Fed rate cut expectations. Oil held near recent highs, and risk sentiment recovered cautiously amid improving fiscal outlook and softer U.S. data.
By IC Markets
IC Markets Global • Nov 10, 2025
Asian stock markets are trading mostly higher on Monday, tracking the mixed cues from Wall Street on Friday, as traders welcome reports that the U.S. Senate is nearing a deal to extend government funding after a record 40-day shutdown.
By Naga
Markets rebounded after early-week volatility as strong U.S. data and steady central banks lifted sentiment across equities, commodities, and FX.
By FP Markets
As Stock markets edged lower from record highs last week, the Fed, like everyone else, continues to face a data drought.
By OEXN
US stocks fell sharply Thursday as renewed worries over Big Tech and weak job data rattled markets, driving a flight to bonds.
Global Currencies React to Shifting Trade Data and Central Bank Policies Amid Mixed Dollar Performan
The U.S. Dollar steadied near 100.00 as firm yields and weak Chinese trade data pressured risk currencies. The Aussie and Kiwi fell on slower export outlooks, while USD/CAD held near six-month highs. The Yen eased as BoJ stayed dovish. Traders now await U.S. inflation and sentiment data for the Fed’s next policy cues.
Markets traded cautiously as the U.S. shutdown hit record length, pressuring the Dollar near 100.00. Gold eased below $4,000 and silver held near $49 amid profit-taking. The Yen gained slightly on BoJ speculation, while the yuan steadied after a firmer PBoC fix. Traders await U.S. inflation data and Fed speeches for next policy cues.
By Pepperstone
Markets have focused intently on the Supreme Court hearing and the forthcoming ruling on Trump’s use of IEEPA tariffs — a case that could potentially reshape U.S. trade policy, alter deficit projections, and inject a degree of uncertainty and volatility into global markets.
By Naga
NASDAQ 100 holds firm near 20,000 as buyers assess key support. Explore recent trends, potential rebound zones, and risk factors in tech stocks.
By Doo Prime
The short answer is not yet. But we’re getting closer.
The AI boom has been unstoppable. New chips, smarter models, and trillion-dollar valuations everywhere you look.
Investors are calling it “the next internet,” but history is flashing a warning: we’ve seen this before.
From soaring AI stocks to parabolic charts that echo the 1999 dot com bubble, the similarities are hard to ignore.
So, will this AI boom end with a quiet correction or a full-blown tech crash?
Let’s dig into the charts, the hype, and what voices like Bill Gates and Fed Chair Jerome Powell really think about today’s AI mania.
The AI Boom Feels Familiar
The rise of artificial intelligence stocks looks similar to the 1999 bubble.
Back then, the internet was “the future”. Today, it’s AI.
In both cases, investors poured billions into unproven business models.
Back then, it was websites. Now, it’s data centers, chips, and algorithms.
Still, not all hype ends the same way.
Unlike the dot com boom, today’s AI leaders such as Nvidia, Microsoft, AMD, Amazon, and Alphabet are profitable and cash-rich.
That’s a big difference from the 2000 bubble, when many firms didn’t even have revenue.
Could We Still See a Parabolic Move First?
Look at this chart.
The current AI market rally still sits below the 2000 peak when compared to the dot com bubble.
That means we could see one huge parabolic move to the upside before a potential AI stock crash.
That’s exactly how the internet bubble behaved:
- Tech stocks doubled in the final months of 1999.
- Then, the tech crash erased 78% of the Nasdaq by late 2002.
So while we may not be at the top yet, the setup looks familiar. A melt-up before the unwind.
The Nasdaq vs. Dow Ratio: Déjà Vu of 2000
The Nasdaq-to-Dow ratio tells a clear story.
AI-driven tech stocks have massively outperformed industrial and financial names, just like during the dot com boom.
Whenever that ratio spikes this sharply, history shows a correction usually follows.
But again, there’s a nuance. The AI bubble is built on real infrastructure spending, not just dreams.
Cloud computing, AI data centers, and chip demand are creating tangible growth, not vaporware.
Still, investor concentration in the top AI stocks, mainly Nvidia, Microsoft, and AMD, could mean any slowdown hits fast and hard.
Bill Gates Warns of an Early AI Bubble
Even Bill Gates sees signs of a potential bubble forming.
In an interview this month, he said we’re in the “early stages of an AI bubble.”
His reasoning is that too many startups are chasing the same goal. They are building AI tools that might never turn a profit.
History says that when every company claims to be “AI-powered,” a shakeout usually follows.
But Gates also pointed out that this time, the winners will be enormous.
Just like Amazon and Google survived the dot com crash, a few best AI stocks could define the next decade.
In his words: “We’ll see failures, but the survivors will redefine everything.”
Powell Pushes Back: “AI Is Not a Bubble”
Federal Reserve Chair Jerome Powell disagrees.
He recently said AI is “not a bubble like the dot com era.”
His logic: productivity gains are measurable this time.
AI isn’t just hype, it’s driving real corporate investment, especially in automation, logistics, and software.
Powell’s view aligns with the Fed’s stance that the AI market boom is more structural than speculative.
In short: valuations are high, but fundamentals are stronger than 1999.
Still, bubbles often look rational right before they burst.
Why the AI Bubble Might Not Burst Yet
So, will the AI bubble burst?
Probably not right away.
History suggests that bubbles rarely die quietly.
They often end with a final blow-off phase, a euphoric rally before reality hits.
Right now, the market hasn’t shown that last phase yet.
Liquidity remains high, earnings from top artificial intelligence stocks are still growing, and retail FOMO hasn’t peaked.
In other words: the AI bubble burst may be coming, but the timing isn’t here yet.
We could see one more surge, especially if rate cuts arrive in 2025.
The Top AI Stocks Driving the Boom
If you pull up any AI stocks list, the same names dominate:
Nvidia, AMD, Microsoft, Alphabet, Amazon, and Meta.
Together, they make up a huge share of the S&P 500’s performance this year.
But that’s also the risk. If one cracks, the AI market crash could spread fast.
Investors are also piling into smaller Artificial Intelligence chipmakers and automation software companies, echoing the speculative wave of the dot com bubble.
Not all will survive.
How to Invest in Artificial Intelligence
If you’re wondering how to invest in artificial intelligence safely, think balance.
Instead of chasing parabolic moves, look for companies with real cash flow and product adoption.
Avoid overhyped names with little revenue, that’s where the bubble AI risk sits.
Diversification and patience matter more than timing the top.
As Gates hinted, the winners will likely become the next trillion-dollar giants.
But the road there will be volatile.
What Makes This Different from 1999
Despite the hype, there are crucial differences between now and the dot com bubble:
- Companies like Nvidia and Microsoft are profitable.
- AI adoption is already driving productivity.
- Global capital is more diversified.
Back in 1999, the internet was a promise.
Today, Artificial Intelligence is already an industry.
That doesn’t mean we’re safe. It just means the AI stock crash, if it comes, might look more like a rotation than a collapse.
Final Thoughts: A Bubble in Progress
So, is there an AI bubble?
Yes, but it’s still inflating.
Every revolution comes with speculation.
The 1999 bubble wiped out thousands of companies, yet it paved the way for trillion-dollar tech giants.
The Artificial Intelligence boom could do the same.
Some valuations will deflate, but innovation will outlast the noise.
We may be in the early innings of a bubble, not the end of one.
And if history repeats, the most painful corrections usually come after the biggest gains.By LiteFinance
At 02:30 (GMT+2), in Australia, September trade balance data will be released, an indicator that records the difference between payments for exported and imported goods. The surplus may increase from 1.825B Australian dollars to 3.860B Australian dollars, supporting the national currency.
Markets traded mixed as a possible U.S. government shutdown and easing U.S.-China tensions shaped sentiment. Gold climbed above $4,000 on safe-haven demand, WTI oil slipped near $60 on rising inventories, and GBP/USD fell to 1.3040 amid BoE caution. China’s tariff cuts boosted optimism, but traders remain wary ahead of key U.S. data.
Global FX markets opened cautiously as central banks set the tone. The Aussie briefly firmed after the RBA held rates at 3.6%, while the Yen strengthened on rising BoJ hike bets. GBP/USD steadied near 1.3150, EUR/JPY slipped to 177.00, USD/CAD stayed above 1.4050, and AUD/NZD hit a two-year high. Traders await U.S. jobs data for Fed clues.
By Naga
Markets stay steady as Big Tech earnings drive equities; gold dips and oil holds amid a strong dollar.
By FP Markets
Following a hawkish Fed rate cut, focus shifts to updates from the RBA and BoE, and US ISM and ADP numbers
Markets opened cautiously as investors sought safety in metals and watched OPEC+ signals. Gold held near $4,000 and silver at $49 amid safe-haven demand, while oil rebounded above $61 after OPEC+ paused planned output hikes. The Yen stayed weak on BoJ uncertainty, and the Yuan steadied on a firm PBoC fix. Traders eye key US data and Fed remarks this week.
By IC Markets
US Stocks Hit on Mixed Earnings and Fed – Nasdaq Down 1.57%
USDJPY Back in Focus for Longer-Term FX Players
Another Volatile Day Expected for Traders
Markets steadied as the US Dollar stayed firm after hawkish Fed remarks dampened hopes for near-term rate cuts. Gold hovered below $4,050 and silver near $49.00 amid cautious sentiment. The Aussie weakened on soft China data, while USD/JPY slipped as sticky Tokyo inflation revived BoJ shift bets. Traders await key US inflation and jobs data.
Global markets traded cautiously as the Trump–Xi meeting drew global attention, shaping risk sentiment and trade outlook. Gold held near $3,950 while silver steadied around $47.50. Risk currencies like AUD and NZD advanced on trade optimism, and USD softened ahead of key event updates. Traders await concrete signals to set November’s tone.
By Doo Prime
US stocks continued their record-setting streak on Tuesday, with all three major indexes closing higher for a third straight session.
Global markets are moving on trade optimism and fresh rate-cut hopes. Gold rebounded but stayed capped below highs, while silver eased under $47. Oil fell near $61.00 on OPEC+ supply hints, and NZD/USD rallied toward 0.5800 on risk-on flows. EUR/JPY slipped to 177.50 as yen strength followed a new US–Japan supply deal.
By Naga
Equities held steady, commodities split, and the dollar stayed strong this week. Read our detailed recap on market trends, bond yields, and highlights from NAGA’s top traders.
By Pepperstone
Weekend news has centred on the two days of talks between U.S. and Chinese trade representatives, with Scott Bessent stating on U.S. television that a deal is essentially good to go and set to be announced post Thursday's meeting between Trump and Xi, and that the threat of 100% additional tariffs is off the table. Risk assets and cyclical FX (AUD) already felt tailwinds through Friday’s session but should find further uplift in the early throes of the week.
Global markets traded cautiously as investors awaited the key US CPI inflation report for clues on the Fed’s next policy move. The Dollar stayed below 99.00, gold and silver softened, and AUD/NZD traded sideways amid thin volumes. A cooler CPI could lift metals and risk assets, while a hotter print may strengthen the greenback.
Global Markets Shift on US-China Trade Optimism and Softer US Inflation — Major Currencies React Acr
Global markets rallied on softer US inflation and optimism over US–China trade talks. Gold slipped to $4,065 as risk appetite improved, while the Dollar weakened below 99.00. EUR/USD and GBP/USD advanced on dovish Fed expectations, and the yuan steadied. Traders now eye policy cues and economic data for the next move.
Global markets traded cautiously as geopolitical tensions resurfaced. Gold eased below $4,250 but held support on risk-off sentiment, while silver climbed above $48.50 on mixed industrial and defensive demand. Oil surged past $60 after US sanctions on Russian energy firms sparked supply concerns. The Dollar steadied near 99.00 amid optimism on a US–China trade deal.
Markets traded cautiously as investors awaited UK inflation data, a key driver for the Bank of England’s next move. The Pound held firm ahead of CPI, oil extended gains on improving demand, and the US Dollar stayed soft. Broader sentiment was steady as easing US–China trade tensions balanced inflation-driven uncertainty.
By Headway
The US dollar remains firm; gold formed a Double Top; the Japanese yen weakened due to the new Prime Minister’s leadership.
The U.S. Dollar regained ground as easing U.S.–China trade tensions lifted risk appetite, pressuring gold and silver. Oil stayed weak amid oversupply, while the Aussie Dollar slipped with softer commodities. Markets now eye key U.S. inflation data and Fed minutes for cues on future rate direction and global risk sentiment.
By Pepperstone
Market sentiment was briefly shaken by concerns on the U.S. funding and credit markets, with renewed focus on US regional banks. After a spell of heightened cross-asset volatility — with the VIX index pushing up to 29%, those fears have since been repriced and sentiment has recovered, buyers of risk have regained their composure, and the broader tone in markets has since improved.
By Doo Prime
The crypto market just reminded everyone that volatility never really left.
19 billion US Dollars were wiped out in days as Bitcoin, Ethereum, and altcoins tumbled together, a full-blown crypto crash that sent traders scrambling and sentiment spiraling.
The Yen strengthened after BoJ signals progress toward its inflation goal, while the Aussie gained as China’s PBoC held rates steady. Political optimism in Japan and steady Asia risk sentiment lifted regional currencies. Gold eased, oil stayed soft, and markets await key US data and FOMC cues.
By FXPro
The crypto market capitalisation lost 2.3% from the previous day’s level to $3.75 trillion. The rebound on Sunday and Monday did not develop, and the 50-day moving average acted as local resistance.
By Headway
The first week of the earnings season is up. Learn what Q3 reports of Wells Fargo, JPMorgan, Goldman Sachs, and Citigroup unveiled.
By OEXN
Goldman Sachs announced Tuesday it is on track for a record year in its investment banking and markets division, with third-quarter profits up 37% to $4.1 billion and revenue rising 20% to $15.18 billion — both beating expectations. However, operating expenses climbed 14%, and shares fell about 2%.
By VT Markets
Key Points
- USD/JPY slipped to 150.72, marking its third straight session of declines.
- Traders reversed yen shorts as political uncertainty rose after the coalition breakup.
Oil steadied near $58 after India halted Russian imports, easing supply fears. The US Dollar weakened as dovish Fed expectations lifted risk appetite and commodities. Gold surged above $4,200, while NZD and CAD gained on USD softness. Traders now eye Fed comments, US data, and EIA reports for market direction.
The US Dollar weakened after Fed Chair Powell’s dovish remarks fueled expectations of a year-end rate cut, lifting major currencies and risk sentiment. Oil stayed subdued near $58 amid oversupply worries, while GBP/USD, EUR/USD, and AUD/USD gained. Traders await key US data and FOMC minutes for policy confirmation.
Markets opened with cautious optimism as easing US–China tensions lifted sentiment. The US Dollar steadied above 99, oil rebounded near $59.50, and risk appetite improved modestly. Traders remain focused on Fed Chair Powell’s remarks and US inflation data for clarity on rate path and market direction this week.
By LiteFinance
At 05:00 (GMT+2), China will publish its October trade balance data. This indicator records the difference between payments for exported and imported goods. It may grow from 103.33B dollars, supporting the yuan.
By LiteFinance
At 13:00 (GMT+2), the Organization of Petroleum Exporting Countries (OPEC) will release its monthly report, which tracks key market trends and provides a detailed analysis of the main factors affecting global energy demand, supply, and balance.
By Pepperstone
A renewed round of tariff threats from President Trump saw risk aversion dominate as last week drew to a close, amid ongoing political uncertainty elsewhere, as stocks on Wall Street notched their worst week since May. Looking ahead, trade headlines remain in focus, amid an ongoing data vacuum stemming from the US government shutdown, as Q3 earnings season gets underway.
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