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NAGA Weekly Recap November 24 - 28, 2025

Markets regained momentum with stocks rising, gold reclaiming $4,100 and the dollar easing. Get the full breakdown of the macro backdrop, sector moves and trader sentiment.

Global markets opened the week with solid momentum—S&P 500 up over 3% toward 6,840 and gold popping above $4,100. European indices firmed up, FX leaned against the dollar, and traders kept the macro data slate—Core Retail Sales, PPI, and jobless claims—front of mind. Sentiment held steady as the rebound stuck. Bitcoin pushed back toward the $90,000 zone, while oil stabilised but stayed under pressure. With key U.S. data ahead, traders kept positioning tight heading into the back half of the week.

Markets Market Rebound: Early Strength Sets the Tone Equities and commodities opened the week on solid footing, with momentum building across major regions. The DAX climbed over 3.5% toward 23,800 and the FTSE 100 gained around 2%, signaling a shift toward improving sentiment. Gold’s move back above $4,100 added to the risk-on tone, while traders kept a close watch on upcoming U.S. economic data to gauge whether the rebound could extend through the week. Stocks Stocks Push to Reclaim Key Levels Equities posted solid early-week gains as the S&P 500 rallied 3% toward 6,840, revisiting mid-November levels. European indices echoed the move, with the DAX up more than 3.5% and the FTSE 100 adding around 2%. Volatility pulled back as buyers stepped in near support, helping keep sentiment constructive heading into the rest of the week. Commodities Gold Regains Ground as Oil Struggles to Stabilise Commodities delivered a mixed performance, with gold climbing over 3% and reclaiming the $4,100 level after recent softness. Oil, meanwhile, stayed under pressure—Brent remained below $63 despite recovery attempts, and WTI hovered near $58 without retesting $60. Overall flows stayed cautious as traders looked to upcoming U.S. data for clearer direction. Forex Dollar Eases as Major FX Pairs Firm Up FX markets leaned against the dollar through the early week, with EUR/USD pushing toward 1.16 and GBP/USD breaking above 1.32. The yen also firmed, sending USD/JPY nearly 1% off recent highs. Commodity-linked currencies traded more steadily as oil attempted to find a floor. With key U.S. data ahead, FX positioning remained measured and balanced. by Gladys Eguia

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Publication date:

2025-12-01 11:16:38 (GMT)

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