Daily Market Analysis By zForex

[zForex]

Markets Mixed as ECB Steady Tone Supports Euro (11.05.2025)

Global markets traded cautiously on Wednesday, with EUR/USD stabilizing near 1.1490 as the ECB maintained a steady policy outlook supported by firmer Eurozone data.

The Japanese yen strengthened as risk aversion increased following a pullback in global equities and renewed intervention warnings from Tokyo. Gold and silver gained on safe-haven flows amid U.S. government shutdown concerns, while the British pound hovered near $1.30 ahead of the Bank of England’s policy decision. Investors now look to U.S. ADP employment and ISM PMI data for the next directional cues.

Technical Outlook on Charts
Euro Pauses Slide on ECB Support
Yen Strengthens on Risk Aversion
Gold Gains as Shutdown Fuels Uncertainty
GBP Near $1.30 Ahead of BoE Decision
Silver Recovers as Markets Turn Cautious

 

[zForex]

Markets Hold as Fed Signals Caution; Yen Strengthens (11.06.2025)

Major currencies and commodities traded cautiously on Thursday after stronger U.S. labor and services data reduced expectations for further Fed rate cuts this year. EUR/USD steadied near 1.15 after a five-day slide, supported by the ECB’s steady guidance.

The Japanese yen strengthened above 154 as wage growth reinforced expectations that the BOJ could continue normalizing policy. Gold held near recent lows as hawkish Fed signals limited safe-haven demand, while the British pound rebounded ahead of the BoE’s decision. Silver eased after recent short-squeeze driven gains, with traders reassessing the Fed outlook.

Technical Outlook on Charts
EUR/USD Steadies After Five-Day Decline
Stronger Wage Data Lifts Yen Above 154
Gold Stalls Near Lows After Hawkish Fed Signals
Sterling Firms as Traders Await BoE
Silver Retreats After Short-Squeeze Rally

 

[zForex]

Global Markets Split as Fed Bets Shift (11.07.2025)

Global markets were mixed on Friday as cautious central bank comments and uneven U.S. data shaped investor sentiment. The euro eased after the ECB signaled patience on rate changes, while the yen strengthened amid renewed safe-haven demand as tech stocks slumped.

Gold climbed toward $4,000 per ounce following weak U.S. labor data that revived Fed rate-cut bets. In the U.K., the pound softened after the BoE held rates at 4% with a divided vote, and silver steadied near $48 amid uncertainty over Fed policy direction.

Technical Outlook on Charts
Euro Slips on Guarded ECB Tone
Tech Selloff Improves Yen Appeal
Gold Near $4,000 as Fed Cut Bets Grow
BoE Keeps Rates at 4%, Pound Eases
Silver Pauses as Rate Cut Bets Fade

 

[zForex]

Dollar Rises on Shutdown Progress, Metals Gain (11.10.2025)

The U.S. dollar strengthened on Monday as optimism grew that the record government shutdown may soon end, following reports of bipartisan Senate support for a temporary funding deal.

The euro slipped toward 1.1550, while the pound eased ahead of BoE remarks. The yen stayed weak near 153.90 as the Bank of Japan maintained a cautious policy stance. Meanwhile, gold climbed above $4,050 on renewed Fed rate-cut bets, and silver surged past $49, supported by weaker U.S. data and safe-haven demand.

Technical Outlook on Charts
Euro Falls as Dollar Gains on Shutdown Hopes
Yen Weakens as BoJ Maintains Cautious Tone
Gold Tops $4,050 on Fed Cut Bets
GBP/USD Softens Ahead of BoE Remarks
Silver Tops $49 on Weak U.S. Data

 

[zForex]

Markets Hold Firm Before Inflation Reports (11.12.2025)

Global markets remained steady on Wednesday as investors awaited key inflation reports and monitored U.S. political developments. The euro hovered near 1.1580 ahead of Germany’s CPI and HICP data, while the yen and dollar were supported by optimism over a deal to end the U.S. government shutdown.

Gold eased slightly as shutdown relief offset Fed rate-cut bets, and silver paused after a five-day rally amid a stronger dollar. Meanwhile, the pound weakened toward 1.3140 as expectations for a December Bank of England rate cut grew.

Technical Outlook on Charts
Euro Pauses as Traders Await CPI & HICP Reports
USD/JPY Supported by Shutdown Progress
Gold Eases as Fed Cut Bets Offset Shutdown Relief
Pound Slips as BoE Cut Bets Rise
Silver Pauses Rally Amid Firmer U.S. Dollar

 

[zForex]

Metals Rise After Shutdown Deal (11.13.2025)

President Trump signed the bill ending the 43-day shutdown, lifting gold above 4,200 dollars and silver to 54 dollars. Markets now await delayed U.S. data, with the White House warning October jobs and CPI may not be released. Fed cut odds slipped to 60 percent, while ADP figures showed firms cutting about 11,250 jobs per week.

Japan’s 10-year yield stayed near 1.7 percent as PM Takaichi pressed the BOJ to keep policy loose. Markets see a 24 percent chance of a December hike and 46 percent for January, with Governor Ueda stressing the need for inflation supported by wage growth.

Technical Outlook on Charts
Euro Holds Near 1.1590 Before Shutdown Vote
Yen Nears 155 as PM Takaichi Urges Low Rates
Gold Steady Near $4,180 on Fed Cut Bets
Sterling Slips on Leadership Anxiety
Silver Extends Rally Above $54

 

[zForex]

Dollar Weakness Supports Euro and Metals (11.14.2025)
The euro held firm near 1.1635 as the U.S. dollar stayed near a two-week low amid concerns over the prolonged government shutdown. Diverging Fed and ECB policy expectations supported the common currency, while the yen remained weak near 154.5 after Japan’s PM urged continued loose policy.

Gold climbed above $4,200 as rate-cut hopes returned, the pound slipped on UK fiscal concerns, and silver extended its 10% weekly surge toward $54, supported by safe-haven demand and strong industrial use.

Technical Outlook on Charts
Euro Holds Gains as Dollar Softens
Yen Near Lows on Dovish Policy Signals
Gold Reclaims $4,200 as Shutdown Weakens
Pound Slips as UK Drops Income-Tax Hike Plan
Silver Extends 10% Weekly Surge

 

[zForex]

Global Markets Mixed on Data Delays (11.17.2025)

Global markets opened mixed, with the euro rising above 1.16 after the U.S. government reopened, while investors awaited delayed U.S. data that could shape December Fed expectations; sterling weakened on UK fiscal concerns and growing BoE rate-cut bets, and the yen stayed near multi-month lows despite firmer growth.

China’s disappointing data weighed on regional sentiment as investment, industrial output, and retail sales weakened, pressuring the yuan. Gold held near 4,080 dollars ahead of key U.S. releases and silver approached 54 dollars on supply risks, strong Indian demand, and its new U.S. critical-minerals status.

Technical Outlook on Charts
EUR/USD Falls After Fed’s Cautious Remarks
BOJ Caution Keeps Yen Under Pressure
Gold Softens as Fed Cut Bets Fade
GBP/USD Falls as BoE Cut Bets Rise
Silver Steadies Before Key US Releases

 

[zForex]

Traders Await Fed Minutes and Inflation Data (11.18.2025)

Global markets traded cautiously on Tuesday as investors awaited key U.S. data and central bank updates. The euro held near $1.16 amid cautious ECB remarks and upgraded Eurozone growth forecasts, while the yen weakened toward a 10-month low ahead of fiscal discussions in Japan.

Gold and silver extended losses as rate-cut expectations faded, and the pound slipped after the UK scrapped planned tax hikes, reinforcing December BoE cut bets. Overall sentiment remained restrained as traders awaited the FOMC minutes and delayed U.S. jobs report.

Technical Outlook on Charts
EUR/USD Stable on Cautious ECB Tone
Yen Slides as Japan Eyes Fiscal Support
Gold Softens as Markets Await FOMC Minutes
GBP/USD Pressured by Reeves’ Tax Shift
Silver Slips as Fed Cut Bets Fade

 

[zForex]

Metals Rise Ahead of Key U.S. Data (11.19.2025)

Major markets traded cautiously on Wednesday as investors awaited U.S. Nonfarm Payrolls and UK inflation data. The euro held near 1.1580 after three days of losses, pressured by a firm dollar as Fed rate-cut bets faded.

The yen stayed weak around 155.50 amid cautious BoJ policy signals, while the pound extended its decline before the UK CPI release. Gold and silver gained for a second session as risk aversion deepened following a Wall Street selloff and softer labor indicators, with traders seeking clarity from upcoming U.S. data.

Technical Outlook on Charts
EUR/USD Keeps Flat Near 1.1580
BOJ Caution Keeps Yen Weak Around 155.50
Gold Rises Again on Risk-Off Mood
Sterling Stays Soft Before UK CPI
Silver Rises Toward $51 on Defensive Flows

 

[zForex]

Market Cautious Ahead of NFP as Dollar Strengthens (11.20.2025)

Global markets turned defensive as tech-heavy indices weakened and concerns over slowing growth and shifting central bank expectations pressured sentiment.

Major forex pairs extended mixed moves as the stronger US Dollar pressured EUR/USD and the Yen, while GBP/USD stabilized before the delayed NFP release. Gold and Silver held within ranges, with risk sentiment and fading Fed cut expectations shaping overall direction. Key support and resistance levels remain central for traders across all instruments.

Technical Outlook on Charts
EUR/USD Falls as Fed Cut Odds Shrink
Yen Slides to 157.60 on Fiscal Worries
Gold Holds Range as Dollar Firms
GBP/USD Steadies Before NFP
Silver Slips Below $51 Ahead of NFP

 

[zForex]

Easing Fed-Cut Expectations Mix Markets (11.21.2025)

EUR/USD held near 1.1540 after the NFP-driven Dollar pullback, while the Yen saw a mild lift on rising intervention speculation despite Japan’s growing fiscal risks.

Gold softened as solid September payrolls weakened December cut expectations, and GBP/USD extended its rebound ahead of fresh data releases. Silver fell below $50 for a second day as traders reassessed the Fed outlook. Key support and resistance levels continue to guide market positioning across all assets.

Technical Outlook on Charts
EUR/USD Steadies as Fed-Cut Bets Ease
Yen Inches Up on Intervention Hopes
Gold Softens After Jobs Report
GBP/USD Firms as Traders Await Data
Silver Falls Below $50 as Fed-Cut Bets Fade

 

[zForex]

Dollar Softens as Markets Reprice Fed Cut Odds (11.24.2025)

Global markets opened the week cautiously as shifting rate expectations and currency volatility shaped sentiment. Gold slipped toward $4,040 ahead of key US data, while odds of a December Fed rate cut rose to nearly 70% after comments from John Williams.

The yen weakened past 156.5 despite fresh verbal intervention, and GBP/USD edged lower under a stronger dollar, holding just below 1.3100. Silver hovered near $49.80, pressured by renewed caution from Fed Governor Michael Barr on future rate cuts.

Technical Outlook on Charts
Euro Gains on Fed Bets
Yen Falls Back After Official Alert
Gold Slips Below $4,050 as Dollar Strengthens
Sterling Pulls Back After Two-Day Rebound
Silver Falls Back Toward Recent Lows

 

[zForex]

Markets Lift as Fed Cut Expectations Build (11.25.2025)

Global markets turned cautiously optimistic on Tuesday as expectations for a December Fed rate cut strengthened. Gold climbed toward 4,140 dollars and silver held near 51.30 as dovish Fed signals pushed rate-cut odds sharply higher.

In FX, EUR/USD inched up around 1.1525–1.1530 on a softer dollar, while the yen firmed toward 156.6 per dollar amid rising speculation that Japan may intervene to slow its decline.

Technical Outlook on Charts
EUR/USD Gains on Fed Dovishness
Yen Rises on Intervention Hopes
Gold Rises on Stronger Fed Cut Bets
GBP Steadies Before UK Budget
Silver Steady Near $51 on Fed Bets

 

[zForex]

Fed Cut Pricing Supports FX and Metals (11.27.2025)

Markets traded cautiously positive on Thursday, driven by rising expectations of a December Fed rate cut. EUR/USD broke above 1.1600 for a fourth session higher, while GBP/USD climbed past 1.3250 after the OBR reported downgraded growth but £22B in fiscal headroom.

Gold held near $4,150 and silver hovered just under $53 as rate-cut odds surged to about 85%. The yen strengthened past 156 per dollar on renewed intervention speculation.

Technical Outlook on Charts
Euro Extends Rally Above 1.1600
Yen Firms Past 156 on Intervention Watch
Gold Softens but Stays Elevated
GBP/USD Extends Five-Day Rally
Silver Trades Close to New High

 

[zForex]

Dollar Steadies as Majors Ease (11.28.2025)

Dovish Fed signals, Kevin Hassett’s rise as a pro-cut Fed Chair candidate, and ongoing Russia-Ukraine tensions are supporting commodities and safe-haven demand, while Friday brings no major US data.

EUR/USD softened after a multi-day rise as the Dollar stabilized, though rate-cut expectations continue to provide underlying support. The Yen held near weekly levels despite fiscal pressure and a large stimulus package, while gold and silver retreated from recent highs yet remain set for weekly gains. Sterling extended its rally as December cut bets firmed and UK fiscal sentiment improved.

Technical Outlook on Charts
EUR/USD Eases Toward 1.1590
Yen Flat Despite Fiscal Worries
XAU/USD Slips Below $4,200
Pound Climbs as Rate-Cut Bets Grow
Silver Retreats From Multi-Week High

 

[zForex]

Major Pairs Rise on Policy Shifts (12.01.2025)

Major FX and metals opened the week firm as markets prepared for heavy data and shifting policy expectations. EUR/USD rose back above 1.1600 on softer Eurozone inflation and steady ECB guidance through 2026, while GBP/USD held near 1.3245 supported by rising odds of a December Fed cut.

Gold pushed toward $4,240 to a five-week high and silver hit new records near $57.60 on tightening supply and lower-rate expectations. The yen strengthened beyond 155.5 to a two-week high as markets increased bets on a BOJ hike in December or January amid persistent inflation.

Technical Outlook on Charts
Euro Rises on Firm ECB Outlook
Yen Strengthens Beyond 155.5
Gold Hits Five-Week High
GBP/USD Holds Around 1.3245
Silver Hits Record Near $57.60

 

[zForex]

Gold Climbs, Yen Recovers on Soft US Signals (12.03.2025)

Rate-cut expectations overtook Wednesday trading.

EUR/USD hovered near 1.1635 as firm Eurozone inflation and steady ECB signals kept the euro supported. GBP/USD held around 1.3230 with markets looking ahead to December policy decisions from both the Fed and the BoE.

Gold moved toward $4,220 with nearly a 90% probability priced in for a Fed cut next week, while silver extended its powerful 2025 rally beyond $58.70. The yen strengthened toward 155.5, recovering earlier losses as US data rose expectations of deeper Fed easing, even as Japan continued to debate a possible BOJ hike this month.

Technical Outlook on Charts
EUR/USD Holds Above 1.16
Yen Recovers, Fed Cut Bets Strengthen
Gold Nears Six-Week High
GBP/USD Steadies Around 1.3230
Silver Jumps Above $58.70