Evening Insights: Monday, December 1, 2025

Current market quotes

XAUUSD	4,252.73	+0.87%
EURUSD	1.1644	+0.42%
USDJPY	154.88	-0.80%
BTCUSD	85,919	-5.53%

Short outlook by currency pair

XAUUSD

XAUUSD has climbed 1% intraday; it remains among the preferred defensive assets and stays at a six-month high. The bullish case remains intact, especially if the USD weakens further.

EURUSD

With the greenback’s softness, EURUSD seems supported, gaining 0.42% during the trading session. The pair is mildly bullish, benefitting from the dollar’s weakness (-0.42%).

USDJPY

The BoJ rate hike bets boosted the yen. Japan's low rates are the basis of a popular carry trade, in which traders borrow the yen at a low cost to invest in other riskier assets. To protect the currency from weakening and raising rates will make the trade less profitable. USDJPY declined 0.8% intraday and stayed at 154.88

BTCUSD

In a further sign of risk aversion, BTCUSD was down around 6.4%, falling below the $85,000 support. The pair extended losses, putting the investors under pressure. Technically, BTC rebounded and currently trades at $86,000. But if the $85,000 support fails to resist downward moves and gets hit, the lower level will lie around $82,000.

Market sentiment

Gold opened December like a star, whilst crypto remains shaky. Today, the Fed is cutting its QT programme. J.Powell has recently signaled of eventually launching a new QE cycle. Market experts expect a renewed rally in risk assets in 1H 2026. They are driven by the anticipated return of QE and the likelihood that D.Trump will replace Powell with an ally who is expected to aggressively cut the rate.

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