Archive for Financial News – Page 34

11 Nov

USD/JPY Climbs to Fresh Nine-Month High

By RoboForex Analytical Department

The USD/JPY pair advanced to 154.36 on Tuesday, edging closer to a new ten-month peak. The rally was driven by growing market optimism that the protracted US government shutdown may soon conclude, dampening demand for traditional safe-haven assets like the Japanese yen.

In Japan, Economic Recovery Minister Minoru Kiuchi highlighted the domestic challenges posed by the currency’s weakness, warning that a soft yen risks amplifying inflationary pressures by increasing the cost of imports. He called for vigilant monitoring of the situation.

Concurrently, a draft of the government’s new economic stimulus plan—scheduled for approval on 21st November—reveals that Prime Minister Sanae Takaichi’s cabinet will urge the Bank of Japan to prioritise economic growth alongside price stability. The programme is also set to feature tax breaks and investment incentives targeting 17 key industries.

This comes as the Bank of Japan’s October report reaffirmed its close watch on wage growth to determine the timing of its next potential rate hike. In a positive economic sign, the country registered a record current account surplus of ¥4.5 trillion in September, bolstered by robust export growth.

Technical Analysis: USD/JPY

H4 Chart:

On the H4 chart, USD/JPY has formed a consolidation range around 153.80. We anticipate an upward expansion of this range towards 154.80. Following this, a pullback to retest the 153.80 level from above is expected. This would likely set the stage for the next leg of the uptrend, targeting 155.70. This bullish scenario is technically confirmed by the MACD indicator, whose signal line is firmly above zero and pointing upwards, indicating sustained positive momentum.

H1 Chart:

On the H1 chart, the pair has completed an initial growth impulse to 154.48. A near-term correction towards 153.65 is now expected. Once this corrective phase concludes, we anticipate the resumption of the broader upward trend, with the next primary target at 155.70. The Stochastic oscillator corroborates this view. Its signal line is below 50 and trending downwards towards 20, suggesting that short-term downward pressure (the expected correction) is building before the next potential upward wave.

Conclusion

USD/JPY continues its ascent, propelled by renewed risk appetite and domestic Japanese policy that implicitly favours a weaker yen. While minor corrective dips are anticipated in the short term, the overall technical and fundamental backdrop remains bullish. The path of least resistance points towards a test of 155.70, provided the pair maintains its footing above key support near 153.80.

 

Disclaimer:

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Forex and Currency News
10 Nov

The US politicians are close to a funding agreement, increasing the chances of ending the government shutdown this week

By JustMarkets 

By Friday’s close, the Dow Jones Index (US30) rose by 0.16% (weekly -1.49%). The S&P 500 Index (US500) gained 0.13% (weekly -2.23%). The tech-heavy Nasdaq (US100) closed lower at 0.28% (-4.04%). Sentiment was supported by hopes of progress in resolving the government shutdown. The latest inflation expectations data came out mixed: one-year inflation expectations rose from 4.6% to 4.7%, while long-term expectations fell from 3.9% to 3.6%. Friday’s top gainers included Exxon Mobil, T-Mobile, and Coca-Cola (+2% and above), while the tech sector, including Tesla (-4%), Meta, and Oracle (-2%), continued to face pressure from concerns over inflated valuations of AI companies.

The Canadian dollar strengthened to 1.4 USD, rebounding from a seven-month low of 1.41 after strong labor market data. Unemployment fell to 6.9%, employment increased, and wage growth accelerated to 4% – the highest in eight months and above current inflation. This reinforced expectations that the Bank of Canada has ended its rate-cutting cycle, as the economy remains resilient and core inflation stays above target.

In October, inflation in Mexico slowed as expected. Annual inflation eased to 3.57% in October (from 3.76% in September), the first decline in three months and in line with the prognosis of 3.56%. Core inflation stood at 4.28% – the highest since April 2024 and close to market expectations (4.27%).
European stock markets fell on Friday. Germany’s DAX (DE40) dropped 0.69% (weekly -1.75%), France’s CAC 40 (FR40) closed down 0.18% (weekly -2.08%), Spain’s IBEX 35 (ES35) fell by 1.34% (weekly -0.82%), and the UK’s FTSE 100 (UK100) closed negative 0.55% (weekly -0.36%). European equities opened in the “green zone” on Monday amid improved risk appetite. Optimism grew after the US Senate approved an initial funding bill, raising hopes for a swift end to the record-long government shutdown.

On Monday, silver rose above $49 per ounce, hitting a three-week high amid dollar weakness and growing concerns about the US economy. The University of Michigan Consumer Sentiment Index fell to 50.3 – the second-worst reading in history, against the backdrop of the prolonged government shutdown. The market remains divided ahead of the Fed’s December decision, with the probability of a 25 bps rate cut estimated at around 67%.

Asian markets traded mixed last week. Japan’s Nikkei 225 (JP225) fell by 2.62%, China’s FTSE China A50 (CHA50) rose by 1.18%, Hong Kong’s Hang Seng (HK50) gained 0.93%, while Australia’s ASX 200 (AU200) posted a five-day decline of 1.00%.

In October 2025, consumer prices in China rose 0.2% year-over-year. This was the first increase in consumer inflation since June and the fastest pace since January. Core inflation, excluding food and energy, rose 1.2% year-over-year, the highest in 20 months. The offshore yuan remained around 7.12 per dollar, trading sideways.

The Australian dollar climbed above $0.65 after comments from RBA Deputy Governor Andrew Hauser on the need to maintain tight policy to curb inflation. He noted that GDP growth was the strongest since the early 1980s and demand remains slightly above potential, limiting room for easing. The RBA previously kept rates at 3.6%, and markets still expect a possible cut next year, though some believe the easing cycle may be over. Additional support for the AUD came from improved global sentiment and easing trade tensions between the US and China.

The Japanese government plans to finalize its first major economic package on November 21. The measures focus on supporting weak recovery, tax incentives for 17 industries, and maintaining low interest rates: the cabinet will urge the Bank of Japan to target strong economic growth with stable prices. The package includes steps to ease the burden of high living costs, stimulate investment, crisis management, and strengthen defense. Authorities pledged close coordination with the Bank of Japan to prevent a return to deflation.

S&P 500 (US500) 6,728.80 +8.48 (+0.13%)

Dow Jones (US30) 46,987.10 +74.80 (+0.16%)

DAX (DE40) 23,569.96 −164.06 (−0.69%)

FTSE 100 (UK100) 9,682.57 −53.21 (−0.55%)

USD Index 99.56 −0.18% (−0.18%)

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Economics & Fundamentals Financial News
10 Nov

Gold Climbs to Two-Week High

By RoboForex Analytical Department

On Monday, gold advanced by more than 1% to 4,050 USD per ounce, reaching a fresh two-week high. The rally was fuelled by mounting concerns over the health of the US economy.

A softening US dollar provided further support for the precious metal, enhancing the affordability of dollar-denominated assets for international buyers.

Data released on Friday revealed that the University of Michigan’s consumer sentiment index had fallen to its lowest level in nearly three and a half years. This decline is largely attributed to the ongoing US government shutdown, which has now become the longest in the nation’s history. Investors are closely monitoring the situation as the US Senate moves closer to approving a Democratic-backed proposal to reopen the government.

Amid the economic uncertainty, market expectations for the Federal Reserve’s next move remain divided. The probability of a 25 basis point rate cut in December is currently priced at approximately 67%, unchanged from the end of last week.

Technical Analysis: XAU/USD

H4 Chart:

On the H4 chart, XAU/USD is forming a consolidation range around 3,988 USD. A breakout to the upside is expected to initiate a growth wave towards 4,075 USD, which may then be followed by a decline to 4,020 USD (testing the level from below). A subsequent breakdown from this range could extend the correction towards 3,660 USD, where the downward move is anticipated to conclude. This would potentially set the stage for a new upward wave targeting 4,400 USD. The MACD indicator supports this outlook, with its signal line above zero and pointing upward, suggesting continued near-term bullish momentum.

H1 Chart:

On the H1 chart, the market is also consolidating around 3,988 USD. An upward breakout is likely to propel prices towards 4,075 USD, after which a decline to at least 4,020 USD is expected. The Stochastic oscillator aligns with this view, as its signal line is positioned above 80 and appears poised to reverse downward towards 20, indicating potential for a near-term pullback.

Conclusion

Gold is trading at a two-week high, supported by economic concerns and a weaker US dollar. While the near-term technical structure suggests potential for further gains towards 4,075 USD, a subsequent correction towards 4,020 USD is anticipated. The broader outlook remains constructive, with a deeper corrective move towards 3,660 USD expected to present a buying opportunity ahead of a potential resumption of the broader uptrend.

 

Disclaimer:

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Metals
07 Nov

Banxico cuts interest rate to 7.25%. Norges Bank holds the rate at 4%

By JustMarkets 

On Thursday, the Dow Jones Index (US30) fell by 0.84%. The S&P 500 Index (US500) dropped by 1.12%. The technology-heavy Nasdaq Index (US100) closed lower by 1.90%. Pressure on the technology sector and companies linked to artificial intelligence once again hit Wall Street sentiment. Weak signals from the labor market exacerbated the tech sell-off. According to Challenger, employers announced 153,000 job cuts in October, the highest figure for this month in 22 years, with a significant portion of the reductions linked to AI adoption and cost optimization. Due to limited official data releases amid the government shutdown, investors were forced to rely on private indicators.

The Mexican peso strengthened above 18.6 per US dollar, rebounding from an eight-week low, as investors digested the latest decision from the Bank of Mexico (Banxico) amid a weakening dollar. As expected, the regulator cut the key interest rate by 25 bps to 7.25% with a 4-to-1 vote, but the accompanying statement was more balanced than some market participants had feared. Domestic inflation continues to slow: the Headline Index hovers around 3.63%, and the Core Index is around 4.24%, which expands the central bank’s room for maneuver.

European stock markets generally declined on Thursday. Germany’s DAX (DE40) fell by 1.31%, France’s CAC 40 (FR 40) closed down by 1.36%, Spain’s IBEX 35 (ES35) gained 0.12%, and the UK’s FTSE 100 (UK100) closed negative 0.42%. The German DAX Index dropped to a one-month low. Sentiment worsened amid renewed concerns about the overstretched valuations of AI-linked companies and the risk of a bubble forming in that segment. Investors were also assessing fresh corporate reports and macro data. German industrial production rose by 1.3% in September after a revised 3.7% drop the previous month, but the pace of recovery was weaker than the 3% consensus prognosis.

The Norges Bank (Central Bank of Norway) maintained its key interest rate at 4%, following a 25 bps cut at the previous meeting, which was in line with market expectations. The regulator noted that no new information has emerged since the September meeting that could significantly alter the expectations for the Norwegian economy. Core inflation remains around 3%, and unemployment has risen slightly. Policymakers stated that a restrictive policy remains warranted.
WTI crude oil prices dropped to the $59.3 per barrel area on Thursday, continuing their decline amid new pricing decisions by Saudi Arabia and persistent supply risks. Saudi Aramco lowered its official selling prices for Asian buyers. India, highly dependent on imports, is striving to diversify its sources of crude oil as sanctions risks complicate the purchase of Russian oil. Against this backdrop, even major refiner Reliance is reportedly reselling Middle Eastern oil cargoes – a move considered atypical.

The US natural gas prices (XNG/USD) rose to around $4.30 per million British thermal units (MMBtu), reaching a high since March. The increase was driven by near-record demand for LNG exports: the average gas flow to the eight largest terminals in November hit 17.4 billion cubic feet per day, surpassing the October record. Exports are expected to grow further as Europe continues to seek alternatives to Russian gas, and Asian buyers negotiate long-term supply deals with the US.

Asian markets saw solid gains yesterday. Japan’s Nikkei 225 (JP225) rose by 1.34%, China’s FTSE China A50 (CHA50) climbed by 1.21%, Hong Kong’s Hang Seng (HK50) gained 2.12%, and Australia’s ASX 200 (AU200) recorded a positive result of 0.30%.
On Friday, the offshore Chinese yuan weakened to around 7.12 per dollar, pulling back from the previous session’s gain as an unexpected contraction in Chinese exports amplified economic pressure. China’s exports in October 2025 declined for the first time in eight months, falling to the lowest level since February. Shipments to the US fell for the seventh consecutive month by more than 25%. Meanwhile, imports grew at the slowest pace since May and were significantly weaker than market expectations, signaling weak domestic demand and labor market uncertainty.

S&P 500 (US500) 6,720.32 −75.97 (−1.12%)

Dow Jones (US30) 46,912.30 −398.70 (−0.84%)

DAX (DE40) 23,734.02 −315.72 (−1.31%)

FTSE 100 (UK100) 9,735.78 −41.30 (−0.42%)

USD Index 99.70 −0.51% (−0.51%)

News feed for: 2025.11.07

  • China Trade Balance (m/m) at 05:00 (GMT+2);
  • German Trade Balance (m/m) at 09:00 (GMT+2);
  • Mexico Inflation Rate (m/m) at 14:00 (GMT+2);
  • Canada Unemployment Rate (m/m) at 15:30 (GMT+2);
  • US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Economics & Fundamentals Financial News
07 Nov

USD/JPY Declines as Safe-Haven Demand Bolsters the Yen

By RoboForex Analytical Department

The USD/JPY pair retreated to 153.10 on Friday, with the yen retaining a portion of its recent gains amid a flight to safety. A sharp uptick in stock market volatility, driven by concerns over a potential overvaluation of artificial intelligence stocks, prompted investors to seek refuge in traditional safe-haven assets, thereby supporting the Japanese currency.

The pair faced additional pressure from a broadly weaker US dollar. Signs of a cooling US labour market have reinforced market expectations of an imminent interest rate cut from the Federal Reserve.

Domestic data from Japan presented a mixed picture. Consumer spending in September rose by a modest 1.8%, following a 2.3% increase in August and falling short of the 2.5% forecast. While nominal wage growth accelerated to 1.9%, real household incomes continued their decline, falling 1.4% year-on-year. This marks the ninth consecutive month of decline in real incomes, highlighting the persistent squeeze on purchasing power.

In light of this, Bank of Japan Governor Kazuo Ueda stated that the central bank’s wage growth forecast for 2026 will be a critical determinant for resuming rate hikes. For now, the BoJ maintains its accommodative stance, leaving monetary policy unchanged.

Technical Analysis: USD/JPY

H4 Chart:

On the H4 chart, USD/JPY is forming a consolidation range around 153.33. We anticipate a near-term expansion of this range to the downside, targeting 152.20. Following this, the primary scenario involves an upward breakout, initiating a new bullish wave towards 155.70. An alternative downward breakout would signal a deeper correction towards 149.90 before any sustained recovery can begin. The MACD indicator supports this view, with its signal line below zero and pointing downward, confirming the current corrective momentum.

H1 Chart:

On the H1 chart, the pair is completing a corrective rise to test 153.50 from below. A tight consolidation range is forming around this level. We expect this range to break downwards initially, with a first target at 152.52. A rebound to 153.50 may follow. The broader trajectory hinges on the subsequent breakout. An upward breakout opens the path to 155.70, while a downward breakout would likely extend the correction towards 149.90. The Stochastic oscillator on the H1 offers a conflicting short-term signal. Its signal line is above 50 and rising towards 80, suggesting the potential for limited near-term upside before the next directional move.

Conclusion

USD/JPY is caught between a weaker US dollar and mixed domestic signals from Japan. The immediate driver is risk sentiment, which has provided the yen with temporary support. Technically, the pair is in a consolidation phase, with a near-term bias for a dip towards 152.20. The medium-term outlook, however, remains tentatively bullish, targeting 155.70, contingent on a successful upside breakout from the current range.

 

Disclaimer:

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Forex and Currency News
06 Nov

The US Supreme сourt may cancel most of Trump’s reciprocal tariffs. Riksbank holds rate at 1.75%

By JustMarkets 

On Wednesday, the Dow Jones Index (US30) rose by 0.48%. The S&P 500 Index (US500) gained 0.37%. The technology-heavy Nasdaq Index (US100) closed higher by 0.65%. A positive factor for the market was the skeptical stance of the US Supreme Court regarding the case on Donald Trump’s “reciprocal tariffs,” which reduced the likelihood of their premature application. Against this backdrop, market participants cut their bets on the Supreme Court upholding the imposed tariffs. Further support for risk appetite came from stronger-than-expected employment data: the ADP report showed a moderate job gain of about 42,000, and the ISM Services PMI rose to an eight-month high, signaling continued economic resilience.

The Canadian dollar weakened to 1.41 CAD per US Dollar, nearing a seven-month low, amid the further strengthening of the US currency and heightened trade uncertainty. An additional factor was the announcement of the new federal budget, which will see the deficit more than double to approximately 78.3 billion CAD this year. This significant expansion of fiscal spending eases financial conditions but increases pressure on the currency amid an already weak macroeconomic outlook.

European stock markets grew steadily on Wednesday. Germany’s DAX (DE40) rose by 0.42%, France’s CAC 40 (FR40) closed up by 0.08%, Spain’s IBEX 35 (ES35) gained 0.39%, and the UK’s FTSE 100 (UK100) closed up by 0.64%.

The Swedish Central Bank (Riksbank), as expected, left its key interest rate unchanged at 1.75% at its October meeting, adhering to a course of supporting economic activity and gradually returning inflation to its medium-term target of 2%. The regulator indicated that the borrowing cost is likely to remain unchanged in the near term. Economic growth in the third quarter was slightly above expectations, but the labor market continues to signal weakness.
The Swiss franc traded near 0.81 per US dollar, remaining near its maximum levels since 2011, amid increased demand for safe-haven assets and expectations that the Swiss National Bank (SNB) will refrain from cutting rates in the near future. Simultaneously, softer-than-expectations inflation data in Switzerland renewed discussions about the possibility of further policy easing, which could theoretically return rates to negative territory. However, the SNB leadership is exercising caution, citing risks to financial stability.

WTI crude oil prices dropped to the $60 per barrel area. Concerns over excess supply and sluggish demand continued to weigh on the market. According to the US Energy Information Administration (EIA), crude oil inventories rose by 5.202 million barrels for the week – the largest increase since July. Pressure on prices is intensified by rising production from both OPEC+ countries and non-OPEC producers, fueling concerns about a global market glut.
Asian markets also declined yesterday. Japan’s Nikkei 225 (JP225) fell by 2.50%, China’s FTSE China A50 (CHA50) dropped by 0.01%, Hong Kong’s Hang Seng (HK50) declined by 0.07%, and Australia’s ASX 200 (AU200) showed a negative result of 0.13%.

Australia’s trade surplus expanded to 3.94 billion AUD in September, compared to a revised 1.11 billion AUD in August, and exceeded the prognosis of 3.85 billion AUD. The increase was driven by a 7.9% jump in exports, primarily due to increased shipments of gold amidst rising prices for the precious metal. Meanwhile, imports rose by 1.1% and reached a record level, supported by an increase in the inflow of capital goods.

S&P 500 (US500) 6,796.29 +24.74 (+0.37%)

Dow Jones (US30) 47,311.00 +225.76 (+0.48%)

DAX (DE40) 24,049.74 +100.63 (+0.42%)

FTSE 100 (UK100) 9,777.08 +62.12 (+0.64%)

USD Index 100.16 -0.06% (-0.06%)

News feed for: 2025.11.06

  • Japan Average Cash Earnings (m/m) at 01:30 (GMT+2);
  • Japan Services PMI (m/m) at 02:30 (GMT+2);
  • Australia Trade Balance (m/m) at 02:30 (GMT+2);
  • German Industrial Production (m/m) at 09:00 (GMT+2);
  • Sweden Inflation Rate at 09:00 (GMT+2);
  • Switzerland Unemployment Rate (m/m) at 10:00 (GMT+2);
  • Norway Norges Rate Decision at 11:00 (GMT+2);
  • UK BoE Interest Rate Decision at 14:00 (GMT+2);
  • UK BoE Rate Statement at 14:00 (GMT+2);
  • UK BoE Gov Bailey Speaks at 14:30 (GMT+2);
  • Canada Ivey PMI (m/m) at 17:00 (GMT+2);
  • US Natural Gas Storage (w/w) at 17:30 (GMT+2);
  • Mexico Interest Rate Decision at 21:00 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Economics & Fundamentals Financial News
06 Nov

GBP/USD Hovers Near Lows as Bank of England Decision Looms

By RoboForex Analytical Department

The GBP/USD pair is attempting to find support around 1.3062 on Thursday, with investors cautiously positioning themselves ahead of today’s pivotal Bank of England (BoE) monetary policy meeting. The British currency remains under pressure, trading near a seven-month low against the US dollar and at its weakest level in over two years against the euro.

Market pricing currently implies roughly a one-in-three chance of a 25-basis-point rate cut from the BoE. This uncertainty creates significant asymmetric risk, meaning the pound is poised for a sharp move in either direction once the decision and accompanying statement are released.

The pound’s weakness was compounded by the recent release of softer-than-expected UK inflation data, which bolstered expectations for an imminent shift towards policy easing. A simultaneous global sell-off in equity markets, particularly in the tech sector, has further dampened sentiment by reducing appetite for risk-sensitive assets such as sterling.

Adding to the headwinds, investor focus is shifting to the UK budget, due for approval later this month. Chancellor Rachel Reeves has signalled the potential for tax rises, a measure that could stifle economic growth and potentially prompt the BoE to adopt a more dovish stance – another factor weighing on the currency.

Technical Analysis: GBP/USD

H4 Chart:

On the H4 chart, GBP/USD broke downwards from a consolidation range around 1.3140, completing a bearish wave to 1.3010. We now anticipate a technical correction towards 1.3090. Following this pullback, the primary downtrend is expected to resume, with the next key targets at 1.2910 and, ultimately, 1.2811. The MACD indicator supports this bearish outlook. While its signal line is at deeply oversold levels and has diverged from its histogram, suggesting the potential for a short-term corrective rise, the overall structure remains negative.

H1 Chart:

On the H1 chart, the pair similarly broke down from a range around 1.3157, reaching the 1.3010 target. A corrective retracement to test 1.3100 from below is now expected. Once this correction is complete, the downtrend is likely to extend towards at least 1.2950. The Stochastic oscillator aligns with this view. Its signal line is in overbought territory above 80 and appears poised to turn down towards 20, indicating that any near-term strength is likely corrective before selling pressure reasserts itself.

Conclusion

GBP/USD is stabilising at multi-month lows ahead of a high-stakes BoE meeting. The combination of dovish inflation data, a risk-off market mood, and looming fiscal uncertainty has created a profoundly negative backdrop for sterling. Technically, the path of least resistance remains downward. While a short-covering bounce back towards 1.3100 is possible post-decision, the broader trend suggests further losses, with key targets at 1.2910 and 1.2811.

Disclaimer:

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Financial News Forex and Currency News
05 Nov

Investors are switching to risk-off mode. The price of Bitcoin has fallen below $100,000

By JustMarkets 

On Tuesday, the Dow Jones Index (US30) fell by 0.53%. The S&P 500 Index (US500) declined by 1.17%. The technology-heavy Nasdaq Index (US100) closed lower by 2.04%. Investors intensified their concerns over the overheated valuations of artificial intelligence (AI) companies. Pressure mounted as the S&P 500’s forward P/E ratio rose above 23, bringing the metric close to the highs of the early 2000s and triggering fears of a correction after months of gains concentrated among a narrow group of AI giants. The technology sector was the hardest hit. Palantir plunged 8.1% due to valuation concerns despite reporting better-than-expected earnings. Nvidia (-2.7%), AMD (-2.1%), and Oracle (-2.6%) also saw notable drops. Market caution was amplified by warnings from Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick, who both suggested a potential market drop of 10-20%.

The Mexican peso weakened to 18.6 per US dollar, hitting an eight-week low as domestic and external factors amplified pressure on the currency. Local interest rates are now being priced by the market to include future cuts, while the dollar strengthened amid reduced expectations for an imminent Federal Reserve rate cut. The market anticipates that Banxico (Mexico’s central bank) will continue its easing cycle this week and lower the rate by 25 bps to 7.25%, which would narrow Mexico’s yield advantage and potentially weaken capital inflows into the peso.

The Bitcoin price dropped below $100,000, approaching two-month lows and intensifying the downtrend that began after the digital assets market’s “Black Friday” in mid-October. Global equities and digital assets were under pressure amid mounting concerns over the overheated valuations of artificial intelligence companies. Against this backdrop, spot Bitcoin ETFs experienced significant capital outflows. The correction also affected a broad range of altcoins.

European stock markets were mostly lower on Tuesday. Germany’s DAX (DE40) fell by 0.76%, France’s CAC 40 (FR40) closed down by 0.52%, Spain’s IBEX 35 (ES35) declined by 0.01%, and the UK’s FTSE 100 (UK100) closed up by 0.14%. Trading saw profit-taking amidst continued market uncertainty: the publication of key economic data remains suspended due to the ongoing US government shutdown.

Silver (XNG/USD) was under pressure yesterday due to weak demand for industrial metals after total US auto sales in October fell to a 14-month low. Additional negative impact came from comments by ECB Governing Council member Yannis Stournaras, who stated that the Eurozone’s economic growth prospects are subject to multiple downside risks. Nevertheless, precious metals retain fundamental support as safe-haven assets due to the ongoing US government shutdown, uncertainty surrounding tariff policy, geopolitical tensions, active central bank purchases, and political pressure on the Federal Reserve.
Asian markets also declined yesterday. Japan’s Nikkei 225 (JP225) fell by 1.74%, China’s FTSE China A50 (CHA50) dropped by 0.27%, Hong Kong’s Hang Seng (HK50) declined by 0.79%, and Australia’s ASX 200 (AU200) recorded a negative result of 0.91%.

The overnight sell-off on Wall Street dampened investor sentiment, increasing caution and lowering risk appetite in regional markets. The correction was driven by rising concerns over inflated valuations, particularly in the high-tech and AI-related sectors. An additional pressure factor was a private survey that showed China’s services sector posted its weakest growth in three months in October. The indicator reflects weakening external demand and continued job contraction.
New Zealand’s unemployment rate rose to 5.2% in the second quarter of 2025, slightly exceeding the previous quarter’s figure (5.1%) and matching market expectations. This marks the highest level since late 2016. The number of unemployed individuals increased to 158,000 compared to 156,000 in March, representing an annual increase of 16,000 people, or 11.1%. The data points to a further softening of the labor market and intensifies pressure on the RBNZ amidst the ongoing economic downturn.

S&P 500 (US500) 6,771.55 −80.42 (−1.17%)

Dow Jones (US30) 47,085.24 −251.44 (−0.53%)

DAX (DE40) 23,949.11 −183.30 (−0.76%)

FTSE 100 (UK100) 9,714.96 +13.59 (+0.14%)

USD Index 100.20 +0.33% (+0.33%)

News feed for: 2025.11.05

  • Japan Monetary Policy Meeting Minutes at 01:50 (GMT+2);
  • Australia Services PMI (m/m) at 02:30 (GMT+2);
  • Sweden Riksbank Rate Decision at 10:30 (GMT+2);
  • German Services PMI (m/m) at 10:55 (GMT+2);
  • Eurozone Services PMI (m/m) at 11:00 (GMT+2);
  • UK Services PMI (m/m) at 11:30 (GMT+2);
  • Eurozone Producer Price Index (m/m) at 12:00 (GMT+2);
  • US ADP Employment Change (m/m) at 15:15 (GMT+2);
  • Canada Services PMI (m/m) at 16:30 (GMT+2);
  • US ISM Services PMI (m/m) at 17:00 (GMT+2);
  • US Crude Oil Reserves (w/w) at 17:30 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Economics & Fundamentals Financial News
04 Nov

As expected, RBA keeps the rate at 3.6%. New Zealand dollar hits 7-month low

By JustMarkets 

The Dow Jones Index (US30) fell by 0.48% at the close on Monday. The S&P 500 Index (US500) rose by 0.17%. The technology-heavy Nasdaq Index (US100) closed higher by 0.46%. US stock indices received support on Monday amid continued optimism surrounding artificial intelligence following the report that OpenAI purchased $38 billion worth of AI computing capacity from Amazon. Markets also reacted to a number of dovish comments from Federal Reserve officials. Federal Reserve Board Governor Stephen Miran stated that the Fed’s current policy is “too tight” and above the neutral rate level, adding that he sees no need to maintain such a restrictive stance given a more moderate outlook on inflation. Lisa Cook also noted that the risks of the labor market weakening now outweigh the risks of accelerating inflation. According to the futures market, investors are pricing in an approximately 66% chance of a December rate cut of 25 basis points (bps).

Investors are also preparing for a US Supreme Court hearing on Wednesday regarding the legality of President Trump’s “reciprocal tariffs.” Lower courts had previously ruled these tariffs illegal. If the Supreme Court upholds this decision, the US could face the necessity of repaying over $80 billion in collected tariffs, and the White House’s authority to impose tariffs would be restricted to only existing sections of trade law.

European stock markets were mostly up on Monday. Germany’s DAX (DE40) rose by 0.73%, France’s CAC 40 (FR 40) closed down by 0.14%, Spain’s IBEX 35 (ES35) increased by 0.03%, and the UK’s FTSE 100 (UK100) closed negative 0.16%. Sectorally, car manufacturers made the largest contribution: shares in Mercedes-Benz, Volkswagen, BMW, and Stellantis rose by 0.9-2.3% following statements from China about the possible granting of exceptions for the export of Nexperia chips, which are vital for automotive electronics.

WTI crude oil prices fell to $60.8 per barrel on Tuesday after four days of gains, as markets continued to assess oversupply risks despite the OPEC+ decision to freeze production increases early next year. The group of producers agreed to a moderate production increase in December, but further growth will be frozen from January to March due to a seasonal decline in demand. The decision comes amid expectations that the oil market may face a supply surplus in 2026 due to expanded supplies from both OPEC countries and non-OPEC producers.

Platinum is trading near $1570 per ounce, correcting from its mid-October peak of around $1722, as demand for safe-haven assets weakened following the US-China trade agreement and amid a stricter tone from the Federal Reserve. Despite the correction, platinum has risen by nearly 60% since the start of the year, outperforming gold and silver, thanks to limited supply and high industrial demand, primarily from the auto industry and hydrogen technologies. Traders are also anticipating the potential launch of platinum futures trading in China, which could boost market liquidity.

Asian markets traded with mixed dynamics last week. Japan’s Nikkei 225 (JP225) rose by 2.12%, China’s FTSE China A50 (CHA50) increased by 0.16%, Hong Kong’s Hang Seng (HK50) rose by 0.97%, and Australia’s ASX 200 (AU200) showed a positive result of 0.15% yesterday. In the first ten months of 2025, 80 IPOs were registered in Hong Kong, highlighting the resilience of the local capital market.

The Australian dollar weakened to below 0.652 USD, marking its fifth consecutive day of decline after the Reserve Bank of Australia (RBA) left the cash rate unchanged, fully aligning with market expectations. At the November meeting, the RBA Board unanimously voted to keep the official cash rate at 3.60%, declining to consider a further rate hike despite persistent inflationary pressure. The regulator also downplayed the unexpected rise in unemployment in September, noting that the labor market remains “slightly tight.” RBA Governor Michele Bullock stressed that the potential for further rate cuts is limited and that the scale of the forthcoming easing may be smaller than in previous cycles.

The New Zealand dollar reached a nearly 7-month low amid growing expectations of further interest rate cuts by the Reserve Bank of New Zealand (RBNZ). Markets have almost fully priced in a 25 bps rate cut at the late-November meeting, following the 50 bps reduction that already occurred last month, against the backdrop of weak economic activity and slowing inflation. Investors are now awaiting the release of Q3 labor market data. Unemployment is expected to rise to a near nine-year high, which could further strengthen the case for more policy easing

S&P 500 (US500) 6,851.97 +11.77 (+0.17%)

Dow Jones (US30) 47,336.68 −226.19 (−0.48%)

DAX (DE40) 24,132.41 +174.11 (+0.73%)

FTSE 100 (UK100) 9,701.37 −15.88 (−0.16%)

USD Index 99.88 +0.08% (+0.08%)

News feed for: 2025.11.04

  • Japan Manufacturing PMI (m/m) at 02:30 (GMT+2);
  • Australia RBA Interest Rate Decision at 05:30 (GMT+2);
  • Australia RBA Rate Statement at 05:30 (GMT+2);
  • Australia RBA Press Conference at 06:30 (GMT+2);
  • Eurozone ECB President Lagarde Speaks at 09:40 (GMT+2);
  • Eurozone ECB President Lagarde Speaks at 12:00 (GMT+2);
  • New Zealand RBNZ Financial Stability Report at 22:00 (GMT+2);
  • New Zealand Unemployment Rate at 23:45 (GMT+2).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Economics & Fundamentals Financial News
03 Nov

EUR/USD Under Sustained Pressure as Markets Await Key Data

By RoboForex Analytical Department

The EUR/USD pair is declining for a fourth consecutive session, edging closer to the 1.1532 level. Investor sentiment remains cautious as markets digest recent trade developments and await a slew of high-impact economic data.

Over the weekend, the White House announced a de-escalation in trade tensions with China. Beijing has agreed to suspend additional export restrictions on rare earth metals and end investigations into US semiconductor companies. In return, the US will freeze certain existing tariffs and cancel a planned 100% tariff hike on Chinese exports. This decision follows last week’s summit between Donald Trump and Xi Jinping, which aimed to stabilise bilateral relations.

Meanwhile, the protracted US government shutdown continues to delay the release of official key statistics, notably employment data. In their absence, market participants will seek guidance from private-sector indicators due in the coming days, including the ADP employment report, the ISM Services PMI, and the University of Michigan Consumer Sentiment Index.

This comes after the Federal Reserve’s expected 25-basis-point rate cut last week. Chair Jerome Powell maintained a cautious stance, emphasising that a follow-up cut in December is not a foregone conclusion – a message that has provided underlying support for the US dollar.

Technical Analysis: EUR/USD

H4 Chart:

On the H4 chart, EUR/USD formed a tight consolidation range around 1.1569. A subsequent downward breakout completed a bearish wave to 1.1521, and the pair is now consolidating above this local low.

A technical rebound to retest 1.1569 from below is a possibility. However, with bearish momentum still intact, we anticipate a further decline towards 1.1500 following any such pullback. The broader target for this move is 1.1488, which is viewed as the first leg of the third and typically strongest wave within the prevailing downtrend. The MACD indicator confirms this outlook, with its signal line positioned below zero and pointing decisively downward, reflecting sustained selling pressure.

H1 Chart:

On the H1 chart, the pair broke downwards from a consolidation range around 1.1566, achieving its initial target at 1.1495. Once this level is reached, a corrective bounce towards 1.1533 is likely before the resumption of the downtrend towards 1.1468.

This scenario is supported by the Stochastic oscillator, whose signal line is below 50 and is falling confidently towards the 20 zone, indicating that short-term downward momentum remains dominant.

Conclusion

EUR/USD remains under clear selling pressure, with a de-escalation in US-China trade tensions and a cautiously hawkish Fed stance providing a supportive backdrop for the US dollar. Technically, the structure is bearish, suggesting that any near-term rebounds are likely to be corrective within a broader downtrend, with key downside targets at 1.1488 and 1.1468.

Disclaimer:

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

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